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Solar Power in the US - Industry Market Research Report

  • ID: 1488445
  • Report
  • December 2020
  • Region: United States
  • 50 pages
  • IBISWorld
Ray of Light: Government Support Will Likely Continue to Help the Industry Compete With Other Energy Sources

FEATURED COMPANIES

  • Consolidated Edison Inc.
  • NextEra Energy Inc.
  • MORE

Solar Power in the US

The Solar Power industry has experienced clear skies over the five years to 2019, propelled by favorable government incentives in the form of renewable portfolio standard (RPS) targets and tax credits. RPS legislation, currently implemented in 29 states and territories, requires local utilities to generate a percentage of their total energy portfolio from renewable sources. Meanwhile, increased public support for green energy has led to tax incentives and grants to encourage investments in solar power. Federal and state government assistance for renewable energy has led to exceptionally strong growth in solar power. The increase in projects over the past five years exemplifies a triumph for industrial policy in solar power, which historically struggled to compete with established energy sources, such as coal and natural gas. Over the five years to 2024, industry revenue is expected to increase. Government support will continue to help the industry compete with other energy sources, at least for half of the coming five-year period. State mandates for renewable energy power and lower input costs will continue to translate into sustained revenue growth.

Operators in this industry own and operate solar-power-generating facilities in the form of either photovoltaic panels or solar thermal power stations that make use of mirrors or lenses to concentrate the sun’s energy. This industry covers utility-scale solar and does not include distributed energy.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Consolidated Edison Inc.
  • NextEra Energy Inc.
  • MORE
ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
Note: Product cover images may vary from those shown
  • NextEra Energy Inc.
  • Consolidated Edison Inc.
Note: Product cover images may vary from those shown

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