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Solar Panel Installation - Industry Market Research Report

Solar Panel Installation - Industry Market Research Report

  • May 2018
  • 31 pages
  • ID: 1034078
  • Format: PDF
  • By Ibisworld

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Sunny days: The residential market is anticipated to create strong demand for solar installations

Abstract

Solar Panel Installation
The Solar Panel Installation industry consists of operators that primarily install solar panels as part of general residential and commercial contracting services. Since the turn of the century, solar energy has exploded into a competitive substitute to traditional sources of power for both residential and commercial purposes. A strong expansion in corporate profit, broad economic improvements in the US economy, as well as favorable investment tax credits, kept demand from the nonresidential segment high. Industry operators benefited significantly from relatively inexpensive solar panel inputs over the five years to 2018, as a result of Chinese manufacturers flooding the US market. Despite reductions to favorable tax breaks for solar projects, industry revenue is expected to grow at a more subdued rate over the five years to 2023 compared with the previous five-year period.

Industry operators install solar panels as part of general residential and commercial contracting services. These companies are contracted by a homeowner, a solar panel manufacturer or by solar marketing firms that arrange a buyer for solar panels and contract an operator to carry out the work. Installations of commercial-grade solar power grids are excluded from this report (IBISWorld report OD4493), as are solar thermal systems that lack photovoltaic panels.

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.

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