US Photovoltaic Market

ID: MRFR/SEM/12636-HCR

100 Pages

Garvit Vyas

September 2025

United States Photovoltaic Industry Research Report to 2032

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Summary Table of Contents Segmentation Infographic

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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US Photovoltaic Market Summary

The US Photovoltaic Industry is projected to experience substantial growth, reaching 541.32 USD Billion by 2035.

Key Market Trends & Highlights

US Photovoltaic Industry Key Trends and Highlights

The market valuation is expected to grow from 235.94 USD Billion in 2024 to 541.32 USD Billion by 2035.
The compound annual growth rate (CAGR) for the period from 2025 to 2035 is estimated at 7.84%.
This growth trajectory indicates a robust expansion in the adoption of photovoltaic technologies across the United States.
Growing adoption of renewable energy sources due to increasing environmental awareness is a major market driver.

US Photovoltaic Market

CAGR

7.84%

Market Size & Forecast

2024 Market Size	235.94 (USD Billion)
2035 Market Size	541.32 (USD Billion)
CAGR (2025 - 2035)	7.84%

Major Players

Apple Inc (US), Microsoft Corp (US), Amazon.com Inc (US), Alphabet Inc (US), Berkshire Hathaway Inc (US), Meta Platforms Inc (US), Tesla Inc (US), Johnson & Johnson (US), Visa Inc (US), Procter & Gamble Co (US)

Key Companies in the US Photovoltaic Market market include

FAQs

What is the expected market value of the US Photovoltaic Market in 2024?

The US Photovoltaic Market is expected to be valued at 12.81 billion USD in 2024.

What will be the market value of the US Photovoltaic Market by 2035?

By 2035, the US Photovoltaic Market is projected to reach a value of 21.92 billion USD.

What is the expected compound annual growth rate (CAGR) for the US Photovoltaic Market from 2025 to 2035?

The expected CAGR for the US Photovoltaic Market is 5.005% from 2025 to 2035.

Which type of photovoltaic segment is projected to have a market value of 5.12 billion USD in 2024?

The Organic PV segment is projected to have a market value of 5.12 billion USD in 2024.

What is the projected market value for Inorganic PV in 2035?

Inorganic PV is expected to reach a market value of 12.97 billion USD in 2035.

Who are some of the major players in the US Photovoltaic Market?

Major players in the US Photovoltaic Market include Tesla, Sungrow Power Supply, and JinkoSolar among others.

What trends are expected to drive growth in the US Photovoltaic Market from 2025 to 2035?

Emerging trends such as increased adoption of renewable energy and technological advancements are expected to drive growth.

How does the growth rate of the US Photovoltaic Market compare across different segments?

Growth rates may vary, with Organic PV and Inorganic PV both contributing significantly to the overall market expansion.

What challenges could impact the growth of the US Photovoltaic Market?

Challenges may include regulatory hurdles and fluctuations in raw material prices that can affect market growth.

How does the US Photovoltaic Market outlook look in light of current global conditions?

The market outlook remains optimistic despite global uncertainties, driven by strong domestic demand for clean energy solutions.

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