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North America Solar PV Market Share

Report ID: GMI8845
Published Date: Apr 2024
Report Format: PDF

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North America Solar PV Market Share

North America Solar PV Company Market Share

Canadian Solar, First Solar, GCL-SI, JA SOLAR Technology Co., Ltd., Jinko Solar and LG Electronics hold majority of the industry share. Solar PV manufacturers invest in research and development activities to improve the efficiency, performance, and durability of the solar PV modules and components. Collaborations between various solar PV manufacturers and local partners will support the market expansion into new geographic regions and segments. Additionally, supply agreements ensure reliable supply chain management, mitigate supply chain risks, and support the scalability of solar PV manufacturing operations.

North America Solar PV Market Companies

Major Key players operating across the solar PV industry are:

Canadian Solar
First Solar
GCL-SI
JA SOLAR Technology Co., Ltd.
Jinko Solar
LG Electronics
Q CELLS
REC Solar Holdings AS
Solaria Corporation
SunPower Corporation
Trina Solar
Vikram Solar Ltd.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of North America solar PV was reached USD 29.3 billion in 2023 and is anticipated to witness 6.2% CAGR from 2024 to 2032, due to higher usage to power various electrical devices or fed into the grid for broader distribution.

North America solar PV market from the on grid connectivity segment is projected to surpass USD 46 billion by 2032, on the account of growing adoption of improved, scalable, and cost-effective units for the development of large scale projects.

North America ground mounted solar PV market is estimated to grow at over 5.5% CAGR up to 2032, owing to shifting consumer inclination towards cost effective clean electricity generation combined with increasing R&D efforts to drop the costs for PV systems.

U.S. solar PV industry size to exceed USD 68.5 billion by 2032, led by the surging demand for commercially available, dependable & efficient solutions along with growing installation of rooftop solar units across establishments.