U.S. Solar Energy Systems Market Size & Outlook, 2022-2030
U.S. solar energy systems market, 2019-2030 (US$B)
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U.S. solar energy systems market highlights
- The U.S. solar energy systems market generated a revenue of USD 21.0 billion in 2022 and is expected to reach USD 66.3 billion by 2030.
- The U.S. market is expected to grow at a CAGR of 15.4% 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.
Solar energy systems market data book summary
| Market revenue in 2022 | USD 21.0 billion |
| Market revenue in 2030 | USD 66.3 billion |
| Growth rate | 15.4% (CAGR from 2022 to 2030) |
| Largest segment | Solar panels |
| Fastest growing segment | Battery |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 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, U.S. accounted for 11.1% of the global solar energy systems market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. solar energy systems market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 5.3 billion by 2030.
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Solar Energy Systems Market Scope
Solar Energy Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 40.48% in 2022. Horizon Databook has segmented the U.S. 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 U.S. 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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. solar energy systems market , including forecasts for subscribers. This country databook contains high-level insights into U.S. solar energy systems market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. solar energy systems market size, by product, 2019-2030 (US$B)
U.S. Solar Energy Systems Market Outlook Share, 2022 & 2030 (US$B)
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