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Residential Solar-Global Market Insights and Sales Trends 2024
Synopsis
Residential solar system is a small-scale power generation plant convert sunlight into electricity.
The global Residential Solar market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Residential Solar in various end use industries. The expanding demands from the Lighting and Appliance, are propelling Residential Solar market. Grid-Tied Solar System, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Off Grid Solar System segment is estimated at % CAGR for the next seven-year period.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.232 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Residential Solar, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Residential Solar market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Residential Solar market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Residential Solar sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Residential Solar covered in this report include NRG Energy, SolarCity, Sungevity, Sunrun, Verengo, Vivint Solar, First Solar, Borg Energy and Jinko Solar, etc.
The global Residential Solar market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
NRG Energy
SolarCity
Sungevity
Sunrun
Verengo
Vivint Solar
First Solar
Borg Energy
Jinko Solar
ReneSola
Global Residential Solar market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Residential Solar market, Segment by Type:
Grid-Tied Solar System
Off Grid Solar System
Global Residential Solar market, by Application
Lighting
Appliance
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Residential Solar manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Residential Solar in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Residential solar system is a small-scale power generation plant convert sunlight into electricity.
The global Residential Solar market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Residential Solar in various end use industries. The expanding demands from the Lighting and Appliance, are propelling Residential Solar market. Grid-Tied Solar System, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Off Grid Solar System segment is estimated at % CAGR for the next seven-year period.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.232 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Residential Solar, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Residential Solar market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Residential Solar market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Residential Solar sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Residential Solar covered in this report include NRG Energy, SolarCity, Sungevity, Sunrun, Verengo, Vivint Solar, First Solar, Borg Energy and Jinko Solar, etc.
The global Residential Solar market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
NRG Energy
SolarCity
Sungevity
Sunrun
Verengo
Vivint Solar
First Solar
Borg Energy
Jinko Solar
ReneSola
Global Residential Solar market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Residential Solar market, Segment by Type:
Grid-Tied Solar System
Off Grid Solar System
Global Residential Solar market, by Application
Lighting
Appliance
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Residential Solar manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Residential Solar in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Residential Solar Market Overview
1.1 Residential Solar Product Overview
1.2 Residential Solar Market Segment by Type
1.2.1 Grid-Tied Solar System
1.2.2 Off Grid Solar System
1.3 Global Residential Solar Market Size by Type
1.3.1 Global Residential Solar Market Size Overview by Type (2018-2029)
1.3.2 Global Residential Solar Historic Market Size Review by Type (2018-2023)
1.3.3 Global Residential Solar Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Residential Solar Sales Breakdown by Type (2018-2023)
1.4.2 Europe Residential Solar Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Residential Solar Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Residential Solar Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Residential Solar Sales Breakdown by Type (2018-2023)
2 Global Residential Solar Market Competition by Company
2.1 Global Top Players by Residential Solar Sales (2018-2023)
2.2 Global Top Players by Residential Solar Revenue (2018-2023)
2.3 Global Top Players by Residential Solar Price (2018-2023)
2.4 Global Top Manufacturers Residential Solar Manufacturing Base Distribution, Sales Area, Product Type
2.5 Residential Solar Market Competitive Situation and Trends
2.5.1 Residential Solar Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Residential Solar Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Residential Solar as of 2022)
2.7 Date of Key Manufacturers Enter into Residential Solar Market
2.8 Key Manufacturers Residential Solar Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Residential Solar Status and Outlook by Region
3.1 Global Residential Solar Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Residential Solar Historic Market Size by Region
3.2.1 Global Residential Solar Sales in Volume by Region (2018-2023)
3.2.2 Global Residential Solar Sales in Value by Region (2018-2023)
3.2.3 Global Residential Solar Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Residential Solar Forecasted Market Size by Region
3.3.1 Global Residential Solar Sales in Volume by Region (2024-2029)
3.3.2 Global Residential Solar Sales in Value by Region (2024-2029)
3.3.3 Global Residential Solar Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Residential Solar by Application
4.1 Residential Solar Market Segment by Application
4.1.1 Lighting
4.1.2 Appliance
4.2 Global Residential Solar Market Size by Application
4.2.1 Global Residential Solar Market Size Overview by Application (2018-2029)
4.2.2 Global Residential Solar Historic Market Size Review by Application (2018-2023)
4.2.3 Global Residential Solar Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Residential Solar Sales Breakdown by Application (2018-2023)
4.3.2 Europe Residential Solar Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Residential Solar Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Residential Solar Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Residential Solar Sales Breakdown by Application (2018-2023)
5 North America Residential Solar by Country
5.1 North America Residential Solar Historic Market Size by Country
5.1.1 North America Residential Solar Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Residential Solar Sales in Volume by Country (2018-2023)
5.1.3 North America Residential Solar Sales in Value by Country (2018-2023)
5.2 North America Residential Solar Forecasted Market Size by Country
5.2.1 North America Residential Solar Sales in Volume by Country (2024-2029)
5.2.2 North America Residential Solar Sales in Value by Country (2024-2029)
6 Europe Residential Solar by Country
6.1 Europe Residential Solar Historic Market Size by Country
6.1.1 Europe Residential Solar Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Residential Solar Sales in Volume by Country (2018-2023)
6.1.3 Europe Residential Solar Sales in Value by Country (2018-2023)
6.2 Europe Residential Solar Forecasted Market Size by Country
6.2.1 Europe Residential Solar Sales in Volume by Country (2024-2029)
6.2.2 Europe Residential Solar Sales in Value by Country (2024-2029)
7 Asia-Pacific Residential Solar by Region
7.1 Asia-Pacific Residential Solar Historic Market Size by Region
7.1.1 Asia-Pacific Residential Solar Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Residential Solar Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Residential Solar Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Residential Solar Forecasted Market Size by Region
7.2.1 Asia-Pacific Residential Solar Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Residential Solar Sales in Value by Region (2024-2029)
8 Latin America Residential Solar by Country
8.1 Latin America Residential Solar Historic Market Size by Country
8.1.1 Latin America Residential Solar Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Residential Solar Sales in Volume by Country (2018-2023)
8.1.3 Latin America Residential Solar Sales in Value by Country (2018-2023)
8.2 Latin America Residential Solar Forecasted Market Size by Country
8.2.1 Latin America Residential Solar Sales in Volume by Country (2024-2029)
8.2.2 Latin America Residential Solar Sales in Value by Country (2024-2029)
9 Middle East and Africa Residential Solar by Country
9.1 Middle East and Africa Residential Solar Historic Market Size by Country
9.1.1 Middle East and Africa Residential Solar Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Residential Solar Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Residential Solar Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Residential Solar Forecasted Market Size by Country
9.2.1 Middle East and Africa Residential Solar Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Residential Solar Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 NRG Energy
10.1.1 NRG Energy Company Information
10.1.2 NRG Energy Introduction and Business Overview
10.1.3 NRG Energy Residential Solar Sales, Revenue and Gross Margin (2018-2023)
10.1.4 NRG Energy Residential Solar Products Offered
10.1.5 NRG Energy Recent Development
10.2 SolarCity
10.2.1 SolarCity Company Information
10.2.2 SolarCity Introduction and Business Overview
10.2.3 SolarCity Residential Solar Sales, Revenue and Gross Margin (2018-2023)
10.2.4 SolarCity Residential Solar Products Offered
10.2.5 SolarCity Recent Development
10.3 Sungevity
10.3.1 Sungevity Company Information
10.3.2 Sungevity Introduction and Business Overview
10.3.3 Sungevity Residential Solar Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Sungevity Residential Solar Products Offered
10.3.5 Sungevity Recent Development
10.4 Sunrun
10.4.1 Sunrun Company Information
10.4.2 Sunrun Introduction and Business Overview
10.4.3 Sunrun Residential Solar Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Sunrun Residential Solar Products Offered
10.4.5 Sunrun Recent Development
10.5 Verengo
10.5.1 Verengo Company Information
10.5.2 Verengo Introduction and Business Overview
10.5.3 Verengo Residential Solar Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Verengo Residential Solar Products Offered
10.5.5 Verengo Recent Development
10.6 Vivint Solar
10.6.1 Vivint Solar Company Information
10.6.2 Vivint Solar Introduction and Business Overview
10.6.3 Vivint Solar Residential Solar Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Vivint Solar Residential Solar Products Offered
10.6.5 Vivint Solar Recent Development
10.7 First Solar
10.7.1 First Solar Company Information
10.7.2 First Solar Introduction and Business Overview
10.7.3 First Solar Residential Solar Sales, Revenue and Gross Margin (2018-2023)
10.7.4 First Solar Residential Solar Products Offered
10.7.5 First Solar Recent Development
10.8 Borg Energy
10.8.1 Borg Energy Company Information
10.8.2 Borg Energy Introduction and Business Overview
10.8.3 Borg Energy Residential Solar Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Borg Energy Residential Solar Products Offered
10.8.5 Borg Energy Recent Development
10.9 Jinko Solar
10.9.1 Jinko Solar Company Information
10.9.2 Jinko Solar Introduction and Business Overview
10.9.3 Jinko Solar Residential Solar Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Jinko Solar Residential Solar Products Offered
10.9.5 Jinko Solar Recent Development
10.10 ReneSola
10.10.1 ReneSola Company Information
10.10.2 ReneSola Introduction and Business Overview
10.10.3 ReneSola Residential Solar Sales, Revenue and Gross Margin (2018-2023)
10.10.4 ReneSola Residential Solar Products Offered
10.10.5 ReneSola Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Residential Solar Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Residential Solar Industrial Chain Analysis
11.4 Residential Solar Market Dynamics
11.4.1 Residential Solar Industry Trends
11.4.2 Residential Solar Market Drivers
11.4.3 Residential Solar Market Challenges
11.4.4 Residential Solar Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Residential Solar Distributors
12.3 Residential Solar Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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