Market Size of United States Fixed-tilt Solar PV Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 13.60 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Fixed-tilt Solar PV Market Analysis
The US fixed-tilt solar PV market is expected to register a CAGR of 13.6% during the forecast period 2020-2025. Factors, such as the lower cost of fixed-tilt solar system, in comparison with tracking solar system, are likely to drive the market during the forecast period. However, the amount of electricity generated by the fixed-tilt is lesser than solar tracking system, which is likely to restrain the growth of the market in the coming years.
- Thin-film photovoltaic module is the breakthrough in solar technology and is rapidly increasing its share in the solar power sector, which is likely to dominate the market during the forecast period.
- The utility-scale fixed-tilt systems cost is expected to be USD 0.70 per watt by 2022, which opens up new possibilities for ultra-cheap power from solar. This is expected to create an opportunity for fixed-tilt solar PV system in the coming years.
- Increasing adoption of tracking system is expected to restrain the market of fixed-tilt solar system during the forecast period.
