Please Wait.....
Report
North America Solar PV Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2026 - 2035
Market Report I 2026-02-06 I 110 Pages I Global Market Insights
North America Solar PV Market was valued at USD 45.4 billion in 2025 and is estimated to grow at a CAGR of 6.3% to reach USD 82.1 billion by 2035.
Solar photovoltaic technology has emerged as the fastest-growing source of electricity generation in the region, fueled by increasing investments in solar infrastructure and favorable government policies. The enactment of the Inflation Reduction Act has significantly boosted manufacturing and deployment activities, driving down costs through economies of scale. Improvements in lithium-ion battery technology, thermal management, and competition among energy storage providers have reduced battery storage costs, enhancing the economic viability of solar-plus-storage systems. State-level policies encouraging energy storage integration allow excess solar generation to be captured and delivered during peak demand periods, particularly in regions with high evening consumption. The combination of distributed solar, self-consumption optimization, and smart inverter technologies enables these systems to provide advanced grid services, including peak shaving, outage resilience, and grid stabilization, creating a more efficient, reliable, and sustainable energy ecosystem.
The utility segment held 73.9% share in 2025 and is expected to grow at a CAGR of 5.1% from 2026 to 2035. Increasing utility-scale solar installations across key states, alongside corporate power purchase agreements, have strengthened the segment. The expansion is supported by state renewable portfolio standards, clean energy mandates, and federal tax incentives under the Inflation Reduction Act. Utilities are increasingly integrating solar as a cost-competitive generation option, driven by long-term resource planning, the need to meet corporate sustainability demands, and economic incentives.
The rooftop solar PV segment is projected to grow at a CAGR of 5.5% by 2035, driven by falling system costs, growing federal and state incentives, and rising electricity prices that enhance solar adoption. Both commercial and residential adoption is increasing due to energy independence goals, corporate sustainability targets, and declining net-metering benefits, which make integrated solar-plus-storage solutions more economically attractive. The growing integration of battery storage into rooftop systems further improves performance and cost-effectiveness, boosting demand in commercial and industrial applications.
U.S. Solar PV Market was valued at USD 44.1 billion in 2025 and is expected to grow at a CAGR of 6.2% through 2035. The Inflation Reduction Act has been a critical policy driver, offering production and investment tax credits, manufacturing incentives, and programs targeting underserved communities. Continuous improvements in module efficiency, manufacturing scale, and supply chain optimization have lowered solar PV system costs, increasing competitiveness against traditional energy sources and accelerating deployment across residential, commercial, and utility-scale segments.
Leading companies operating in the North America Solar PV Market include Heliene, JA SOLAR Technology, LONGi Solar, Q CELLS, First Solar, Mission Solar Energy, Chint Solar, GCL-SI, SunPower Corporation, Panasonic Corporation, Canadian Solar, Solaria Corporation, Silfab Solar, Trina Solar, Tesla, LG Electronics, Suntech Power Holdings, Vikram Solar, REC Solar Holdings, and Jinko Solar. Key strategies adopted by companies in the North America Solar PV Market to strengthen their market foothold include investing heavily in research and development to improve module efficiency, durability, and performance. Firms are expanding manufacturing capacities and strategically locating production facilities to reduce costs and enhance supply chain resilience. Strategic partnerships with utilities, technology providers, and industrial clients help secure long-term power purchase agreements and market share. Companies also focus on regional expansion, targeting states with aggressive clean energy mandates.
Report Content
Chapter 1 Methodology & Scope
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.3.1 Key trends for market estimates
1.3.1.1 Quantified market impact analysis
1.3.1.2 Mathematical impact of growth parameters on forecast
1.3.2 Scenario analysis framework
1.4 Primary research and validation
1.4.1 Some of the primary sources (but not limited to)
1.5 Data mining sources
1.5.1 Paid Sources
1.5.2 Sources, by region
1.6 Research trail & scoring components
1.6.1 Research trail components
1.6.2 Scoring components
1.7 Research transparency addendum
1.7.1 Source attribution framework
1.7.2 Quality assurance metrics
1.7.3 Our commitment to trust
1.8 Market definitions
Chapter 2 Executive Summary
2.1 Industry 360-degree synopsis, 2022 - 2035
2.2 Business trends
2.3 Connectivity trends
2.4 Mounting trends
2.5 End Use trends
2.6 Country trends
Chapter 3 Industry Insights
3.1 Industry ecosystem
3.1.1 Raw material availability & sourcing analysis
3.1.2 Manufacturing capacity assessment
3.1.3 Supply chain resilience & risk factors
3.1.4 Distribution network analysis
3.2 Regulatory landscape
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.2 Industry pitfalls & challenges
3.4 Growth potential analysis
3.5 Price trend analysis
3.5.1 By end use
3.5.2 By country
3.6 Cost structure analysis
3.7 Porter's analysis
3.7.1 Bargaining power of suppliers
3.7.2 Bargaining power of buyers
3.7.3 Threat of new entrants
3.7.4 Threat of substitutes
3.8 PESTEL analysis
3.8.1 Political factors
3.8.2 Economic factors
3.8.3 Social factors
3.8.4 Technological factors
3.8.5 Legal factors
3.8.6 Environmental factors
3.9 Emerging opportunities & trends
3.9.1 Digitalization & IoT integration
3.9.2 Emerging market penetration
3.10 Investment analysis and future outlook
Chapter 4 Competitive landscape, 2026
4.1 Introduction
4.2 Company market share analysis, 2025
4.2.1 U.S.
4.2.2 Canada
4.2.3 Mexico
4.3 Strategic dashboard
4.4 Strategic initiatives
4.5 Innovation & technology landscape
Chapter 5 Market Size and Forecast, By Connectivity, 2022 - 2035 (USD Billion & MW)
5.1 Key trends
5.2 On grid
5.3 Off grid
Chapter 6 Market Size and Forecast, By Mounting, 2022 - 2035 (USD Billion & MW)
6.1 Key trends
6.2 Ground Mounted
6.3 Rooftop
Chapter 7 Market Size and Forecast, By End Use, 2022 - 2035 (USD Billion & MW)
7.1 Key trends
7.2 Residential
7.3 Commercial & Industrial
7.4 Utility
Chapter 8 Market Size and Forecast, By Country, 2022 - 2035 (USD Billion & MW)
8.1 Key trends
8.2 U.S.
8.3 Canada
8.4 Mexico
Chapter 9 Company Profiles
9.1 Chint Solar
9.2 Canadian Solar
9.3 First Solar
9.4 GCL-SI
9.5 Heliene
9.6 JA SOLAR Technology
9.7 Jinko Solar
9.8 LG Electronics
9.9 LONGi Solar
9.10 Mission Solar Energy
9.11 Panasonic Corporation
9.12 Q CELLS
9.13 REC Solar Holdings AS
9.14 Silfab Solar
9.15 Solaria Corporation
9.16 Suntech Power Holdings
9.17 SunPower Corporation
9.18 Trina Solar
9.19 Tesla
9.20 Vikram Solar
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security