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Residential Solar PV Market Share

Report ID: GMI5751
Published Date: Dec 2024
Report Format: PDF

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Residential Solar PV Market Share

Residential Solar PV Company Market Share

The competitive landscape in this market is dynamic, with numerous players ranging from established solar giants to emerging startups offering new technologies and services. The competition is primarily between manufacturers of solar panels, solar energy system integrators, and service providers offering installation and maintenance. Many companies offer different financing models, which makes residential solar more accessible. As the market matures, innovation in financing, product offerings, and technology will continue to drive competition and growth.

Residential Solar PV Market Companies

Eminent players operating in the residential solar PV industry are:

Canadian Solar
CsunSolarTech
EMMVEE SOLAR
GCL SI
Q CELLS
JA SOLAR Technology
Jinko Solar
LG Electronics
LONGi
Motech Industries
REC Solar Holdings
Risen Energy
SHENZHEN SHINE SOLAR
Shunfeng International Clean Energy
Solaria Corporation
Su-vastika Solar
SunPower Corporation
Trina Solar
Vikram Solar
Yingli Solar

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The global market for residential solar PV was reached USD 94.2 billion in 2024 and is estimated to grow at a 7.9% CAGR from 2025 to 2034, driven by shifting consumer focus on clean energy sources.

The on-grid segment is estimated to exceed USD 15.5 billion by 2034, bolstered by the expansion of microgrid networks and evolving utility-based grid networks.

The ground-mounted segment is set to grow at a CAGR of more than 6.5% through 2034, led by rising investments in technology integration and the availability of green loans.

The U.S. residential solar PV market is likely to exceed USD 9.6 billion by 2034, propelled by strong government incentives like tax credits and rebates.