Market Trends of United States Distributed Solar Power Generation Industry
This section covers the major market trends shaping the US Distributed Solar Power Generation Market according to our research experts:
Increasing Demand for Clean Electricity
- Increasing demand for clean energy is one of the primary drivers for the distributed solar power generation market in the country. The country is actively shifting from conventional energy-producing sources to clean energy sources and produced over 16.7% of the total electricity generated from hydropower and renewables combined.
- Rooftop solar offers the benefits of modern electricity services to households that had no access to electricity, reducing electricity costs on islands and in other remote locations that are dependent on oil-fired generation, as well as enabling residents and small businesses to generate their own electricity.
- Commercial and industrial systems are expected to become the largest growth segment because they are usually more inexpensive and have a relatively stable load profile during the day that can enable larger savings on electricity bills, depending on the policy scheme in place.
- Therefore, the aforementioned factors are expected to drive the market in forecast period.
Understand The Key Trends Shaping This Market
Download Sample
Electricity Generation from Hydropower to Restraint the Market
- Hydropower in the country has had a long history of providing clean and clean energy for a long time. The country has an installed capacity of 103,000 MW of hydropower and produced over 288.7 TWh of electricity, in 2018.
- The country has a history of over a decade of electricity generation from hydropower starting before 1900. The country has about 80GW in conventional hydropower and 23 GW in pumped storage hydropower.
- Hydropower maintains an edge over other renewable energy resources in the country due to its reliability in cold and harsh weather faced by the northern part of the country.
- Therefore, the harsh weather in the country in winters and more reliability on hydropower are expected to be the major restraint of the distributed solar power generation market in the country.
