Please Wait.....
Report
United Kingdom Distributed Solar Power Generation Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 133 Pages I Mordor Intelligence
The UK distributed solar power generation market is expected to register a CAGR of about 1.73% during the forecast period of 2022-2027, reaching around 8.45 GW by 2027, up from 7.49 GW in 2020. During Q1 2020, the UK distributed solar power facilities with a capacity range of 0 kW-5 MW witnessed no significant impact. Solar PV with a capacity of 0-4 kW saw the highest growth during Q1 2020, signifying no considerable impact of COVID-19 on the market studied. Factors like advancements in technology leading to solar panel manufacturing cost reduction and increase in efficiency have been the major factors for the growth of distributed solar power generation market in the United Kingdom. However, the changes in government policies related to the small-scale solar industry in the country are expected to hinder the growth of the market.
Key Highlights
The domestic or residential rooftop segment in the United Kingdom is expected to be the largest market during the forecast period, over rising environmental concerns and economic benefits of domestic distributed solar power generation.
Commercial and industrial sectors are showing interest in distributed solar power generation due to various economic benefits and are considered a constant source of energy that can eliminate downtimes and equipment damage due to voltage fluctuations in conventional power grids. This, in turn, is expected to create a huge opportunity for the distributed solar power generation market in the country.
The declining costs of small-scale solar PV systems and their installation have been the major factors driving the market studied. The declining trend of the average cost of solar PV panels, the cost of installation, etc., are leading to market growth.
UK Distributed Solar Power Generation Market Trends
The Residential Segment to Dominate the Market
According to the United Kingdom Solar Trade Association, as of 2020, there were close to one million solar PV systems installed on houses in the United Kingdom and nearly 100,000 solar thermals. In the country, a typical system is likely to include 10-14 solar panels. If there is a surplus, the country has a provision to send it to the national grid. Many solar systems are now also installed with a battery, which facilitates the surplus power to be stored and used later.
The government of the United Kingdom has helped its citizens to switch to solar power by offering incentives such as feed-in-tariffs, introduced in 2010. The policy allowed the homeowners to consume the produced energy using energy storage systems and sell the unused energy back to the grid, thus helping them pay back the installation cost. As of December 2020, according to UK Department for Business, Energy and Industrial Strategy, solar power in the country has increased exponentially, with more than 850,000 rooftop installations in residential and commercial facilities under the FiT scheme.?
However, in March 2019, the government closed the FiT scheme, after which the number of rooftop installations slowed down. The government has rolled out several other schemes to counter the negative effects of removing the tariff on the market, such as introducing new rules which would give households the right to sell solar power back to energy firms.
Under the new law, homeowners who installed new rooftop solar panels after January 1, 2020, witnessed a decline in their electricity bills by selling the surplus energy to their supplier. This is expected to encourage people to install rooftop panels, which in turn is expected to drive the distributed solar power generation market during the forecast period.
Declining Small-Scale Solar PV Installation Costs to Drive the Market
The declining costs of small-scale solar PV systems and their installation have led to significant growth in the market for the past few years. The average cost of solar PV generating equipment, installation cost, and connecting to electricity supply and VAT of the systems lying between 0 kW and 4 kW declined by around 21.7% in 2020 compared to 2013.
By the end of 2020, the total number of solar PV installations in the country with a system size of less than 4 kW (mostly residential) stood at 963,268 systems, representing a significant increase of approximately 99.75% compared to the number of installations in 2013.
This trend, in turn, has led to the growth in the total number of distributed solar PV installations in the residential, commercial, and industrial sectors in the United Kingdom.
Although supportive government policies, subsidies, and incentives supported the growth of the small-scale and distributed solar PV markets in the United Kingdom until 2019, the declining costs of solar PV and associated systems are expected to continue to drive the market during the forecast period.
UK Distributed Solar Power Generation Market Competitor Analysis
The UK distributed solar power generation market is moderately fragmented. Some of the major companies are Solarsense UK Limited, Custom Solar, Canadian Solar Inc., Jinko Solar Holdings Ltd, and Trina Solar Ltd, among others.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in MW, till 2027
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
5 MARKET SEGMENTATION
5.1 End User
5.1.1 Residential
5.1.2 Commercial and Industrial
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Solarsense UK Limited
6.3.2 Canadian Solar Inc.
6.3.3 JinkoSolar Holding Co. Ltd
6.3.4 Eco2solar Ltd
6.3.5 UKSOL Ltd
6.3.6 Trina Solar Ltd
6.3.7 Custom Solar
6.3.8 EvoEnergy Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
- 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