North America Solar Energy Systems Market Size & Outlook
North America solar energy systems market, 2019-2030 (US$B)
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North America solar energy systems market highlights
- The North America solar energy systems market generated a revenue of USD 23.4 billion in 2022.
- The market is expected to grow at a CAGR of 15.5% from 2023 to 2030.
- In terms of segment, solar panels was the largest revenue generating product in 2022.
- Battery is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 23.4 billion |
| Market revenue in 2030 | USD 74.2 billion |
| Growth rate | 15.5% (CAGR from 2022 to 2030) |
| Largest segment | Solar panels |
| Fastest growing segment | Battery |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Solar Panels, Charge Controllers, Battery, Inverter |
| Key market players worldwide | Huawei Technologies, Fimer, JinkoSolar Holding Co Ltd DR, LONGi Solar |
Other key industry trends
- In terms of revenue, North America region accounted for 12.4% of the global solar energy systems market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 20.2 billion by 2030.
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Solar Energy Systems Market Scope
Solar Energy Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America solar energy systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to solar energy systems market will help companies and investors design strategic landscapes.
Solar panels was the largest segment with a revenue share of 40.6% in 2022. Horizon Databook has segmented the North America solar energy systems market based on solar panels, charge controllers, battery, inverter covering the revenue growth of each sub-segment from 2019 to 2030.
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Target buyers of North America solar energy systems market databook
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Our clientele includes a mix of solar energy systems market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America solar energy systems market , including forecasts for subscribers. This continent databook contains high-level insights into North America solar energy systems market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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North America solar energy systems market size, by country, 2019-2030 (US$B)
North America Solar Energy Systems Market Outlook Share, 2022 & 2030 (US$B)
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