North America On Grid Solar PV Market Size & Share 2026-2035
Market Size - By Component (Modules, Inverters, Trackers, BOS), By Technology (Monocrystalline, Polycrystalline, Thin Film), By End Use (Residential, Commercial & Industrial, Utility) Growth Forecast. The market forecasts are provided in terms of revenue (USD) & volume (MW).
Report ID: GMI9813
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Published Date: June 2026
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Report Format: PDF
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Authors:
Ankit Gupta, Srishti Agarwal
North America On Grid Solar PV Market Size
The North America on grid solar PV market was estimated at USD 36.1 billion in 2025. The market is expected to grow from USD 37.1 billion in 2026 to USD 59.3 billion in 2035, at a CAGR of 5.3%, according to a recent study by Global Market Insights Inc.
North America On Grid Solar PV Market Key Takeaways
Market Size & Growth
Regional Dominance
Key Market Drivers
Challenges
Opportunity
Key Players
Utilities, commercial enterprises and residential consumers increasing adopting grid-connected solar systems to reduce the dependence on conventional electricity sources and improve energy cost stability. Growing acceptance of solar energy will encourage broad deployment across urban, suburban and industrial areas. Favorable climatic conditions in different parts, supporting consistent solar power generation, will further strengthen the market expansion.
Supportive regulatory frameworks coupled with the renewable energy standards, tax incentives, clean energy procurement programs and utility level renewable integration targets will encourage investments in development of solar infrastructure. These policy measures additionally help to create a stable environment for developers, investors and for the equipment manufacturers.
For instance, in May 2026, U.S. DOE Solar Energy Technologies Office (SETO) focused on advancing the decarbonization of the electricity sector with the broader economy lead by the innovations aiming to at lowering solar power costs and accelerating nationwide deployment. The office emphasized that reducing costs was critical to scaling solar adoption, needed to increase two to five times to effectively address the climate emergency.
Reducing solar cost driven by improvements in manufacturing processes, economies of scale, and increased competition is set to drive the product adoption. Presence of variety of financing options, including loans, leases, and PPAs, makes it easier for homeowners without significant upfront investments, which will lead to product penetration.
North America On Grid Solar PV Market Trends
Grid-connected solar systems will grow across urban, suburban, and industrial landscapes on account of supportive policy structures, long-term electricity savings along with growing emphasis on energy diversification. Key market leaders further focus on improving project efficiency, reducing installation timelines and encouraging grid integration capabilities to meet the rising evolving electricity demand patterns.
Favorable government policies and clean energy targets aimed at expanding renewable energy capacity will continue to encourage investment in solar infrastructure. Incentive programs, renewable portfolio standards and decarbonization strategies will create favorable conditions for developers, utilities and consumers, thereby accelerating solar deployment across multiple end-use sectors.
North America On Grid Solar PV Market Analysis
Residential is projected to grow by more than USD 12.5 billion by 2035, accounting for 19.8% share in 2025 and is anticipated to grow at a CAGR of over 6.1% through 2035.
The U.S. on grid solar PV market is anticipated to grow over USD 56 Billion by 2035.
North America On Grid Solar PV Market Share
Eminent manufacturers operating across the North American market are embracing a blend of new innovations and modern approaches to strengthen their competitive positions. Major strategies include flourishing investments in advanced technologies to enhance module efficiency and durability, expanding domestic manufacturing capacities to align with regional policy incentives forming strategic partnerships across the value chain to ensure supply reliability will drive the business outlook. Key companies focusing on cost optimization through automation and scale to their product portfolios to cater to utility-scale, commercial and residential segments will continue to contribute to the business momentum.
North America On Grid Solar PV Market Companies
Eminent players operating in the North America on grid solar PV industry are:
18% Market Share
Collective market share in 2025 is 56%
North America On Grid Solar PV Industry News
North America on grid solar PV market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in “(USD Billion & MW)” from 2022 to 2035, for the following segments:
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Market, By Component
Market, By Technology
Market, By End Use
The above information has been provided for the following countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →