The global Home Solar System market size is predicted to grow from US$ 9345 million in 2025 to US$ 18580 million in 2031; it is expected to grow at a CAGR of 12.1% from 2025 to 2031.
Solar Panels: Solar panels, also called photovoltaic (PV) panels, are the primary components of the system. They are made up of solar cells that capture sunlight and convert it into direct current (DC) electricity.
Inverter: The DC electricity generated by the solar panels is then sent to an inverter, which converts it into alternating current (AC) electricity. AC electricity is the type of electricity used in most households.
Racking and Mounting: Solar panels are mounted on racking and mounting structures that secure them to the roof or the ground. Proper installation and orientation maximize sunlight exposure.
Solar Monitoring System: Many home solar systems are equipped with monitoring systems that allow homeowners to track their energy production and consumption in real time.
Connection to the Grid: Most residential solar systems are grid-tied, which means they are connected to the local utility grid. This allows excess energy to be fed back into the grid in exchange for credits or compensation.
Net Meter: A net meter is often installed, which measures the electricity generated by the solar system and the electricity consumed from the grid. This helps determine whether a household is producing more energy than it uses or vice versa.
Declining Costs: The cost of solar panels and associated components had been decreasing, making solar systems more affordable for homeowners. This trend was expected to continue, making solar energy a cost-effective option for more households.
Increased Efficiency: Solar panel efficiency was improving, allowing homeowners to generate more electricity with fewer panels. High-efficiency panels were in demand, as they maximize energy production in limited space.
Energy Storage: Homeowners were increasingly looking into energy storage solutions, such as batteries, to store excess solar energy for use during the night or during power outages. Energy storage systems were becoming more accessible and affordable.
Grid Integration: More residential solar systems were being connected to the grid, allowing homeowners to benefit from net metering or feed-in tariffs. Grid-tied systems make it easier to sell excess energy back to the grid or draw power when needed.
Government Incentives: Government incentives, such as tax credits and rebates, continued to play a significant role in promoting residential solar adoption. The availability and extent of these incentives varied by location.
The 鈥淗ome Solar System Industry Forecast鈥� looks at past sales and reviews total world Home Solar System sales in 2024, providing a comprehensive analysis by region and market sector of projected Home Solar System sales for 2025 through 2031. With Home Solar System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Home Solar System industry.
This Insight Report provides a comprehensive analysis of the global Home Solar System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Home Solar System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Home Solar System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Home Solar System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Home Solar System.
This report presents a comprehensive overview, market shares, and growth opportunities of Home Solar System market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Off-Grid Solar System
Hybrid Solar System
Segmentation by Application:
Heating
Illumination
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Sharp
JA Solar
Yingli
Trina Solar
Canadian Solar
Kyocera Solar
Solar Frontier
SFCE
ReneSola
Hanwha Solar
REC Group
First Solar
SunPower
Jinko Solar
Jntech
Key Questions Addressed in this Report
What is the 10-year outlook for the global Home Solar System market?
What factors are driving Home Solar System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Home Solar System market opportunities vary by end market size?
How does Home Solar System break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Home Solar System Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Home Solar System by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Home Solar System by Country/Region, 2020, 2024 & 2031
2.2 Home Solar System Segment by Type
2.2.1 Off-Grid Solar System
2.2.2 Hybrid Solar System
2.3 Home Solar System Sales by Type
2.3.1 Global Home Solar System Sales Market Share by Type (2020-2025)
2.3.2 Global Home Solar System Revenue and Market Share by Type (2020-2025)
2.3.3 Global Home Solar System Sale Price by Type (2020-2025)
2.4 Home Solar System Segment by Application
2.4.1 Heating
2.4.2 Illumination
2.4.3 Others
2.5 Home Solar System Sales by Application
2.5.1 Global Home Solar System Sale Market Share by Application (2020-2025)
2.5.2 Global Home Solar System Revenue and Market Share by Application (2020-2025)
2.5.3 Global Home Solar System Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Home Solar System Breakdown Data by Company
3.1.1 Global Home Solar System Annual Sales by Company (2020-2025)
3.1.2 Global Home Solar System Sales Market Share by Company (2020-2025)
3.2 Global Home Solar System Annual Revenue by Company (2020-2025)
3.2.1 Global Home Solar System Revenue by Company (2020-2025)
3.2.2 Global Home Solar System Revenue Market Share by Company (2020-2025)
3.3 Global Home Solar System Sale Price by Company
3.4 Key Manufacturers Home Solar System Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Home Solar System Product Location Distribution
3.4.2 Players Home Solar System Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Home Solar System by Geographic Region
4.1 World Historic Home Solar System Market Size by Geographic Region (2020-2025)
4.1.1 Global Home Solar System Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Home Solar System Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Home Solar System Market Size by Country/Region (2020-2025)
4.2.1 Global Home Solar System Annual Sales by Country/Region (2020-2025)
4.2.2 Global Home Solar System Annual Revenue by Country/Region (2020-2025)
4.3 Americas Home Solar System Sales Growth
4.4 APAC Home Solar System Sales Growth
4.5 Europe Home Solar System Sales Growth
4.6 Middle East & Africa Home Solar System Sales Growth
5 Americas
5.1 Americas Home Solar System Sales by Country
5.1.1 Americas Home Solar System Sales by Country (2020-2025)
5.1.2 Americas Home Solar System Revenue by Country (2020-2025)
5.2 Americas Home Solar System Sales by Type (2020-2025)
5.3 Americas Home Solar System Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Home Solar System Sales by Region
6.1.1 APAC Home Solar System Sales by Region (2020-2025)
6.1.2 APAC Home Solar System Revenue by Region (2020-2025)
6.2 APAC Home Solar System Sales by Type (2020-2025)
6.3 APAC Home Solar System Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Home Solar System by Country
7.1.1 Europe Home Solar System Sales by Country (2020-2025)
7.1.2 Europe Home Solar System Revenue by Country (2020-2025)
7.2 Europe Home Solar System Sales by Type (2020-2025)
7.3 Europe Home Solar System Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Home Solar System by Country
8.1.1 Middle East & Africa Home Solar System Sales by Country (2020-2025)
8.1.2 Middle East & Africa Home Solar System Revenue by Country (2020-2025)
8.2 Middle East & Africa Home Solar System Sales by Type (2020-2025)
8.3 Middle East & Africa Home Solar System Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Home Solar System
10.3 Manufacturing Process Analysis of Home Solar System
10.4 Industry Chain Structure of Home Solar System
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Home Solar System Distributors
11.3 Home Solar System Customer
12 World Forecast Review for Home Solar System by Geographic Region
12.1 Global Home Solar System Market Size Forecast by Region
12.1.1 Global Home Solar System Forecast by Region (2026-2031)
12.1.2 Global Home Solar System Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Home Solar System Forecast by Type (2026-2031)
12.7 Global Home Solar System Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Sharp
13.1.1 Sharp Company Information
13.1.2 Sharp Home Solar System Product Portfolios and Specifications
13.1.3 Sharp Home Solar System Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Sharp Main Business Overview
13.1.5 Sharp Latest Developments
13.2 JA Solar
13.2.1 JA Solar Company Information
13.2.2 JA Solar Home Solar System Product Portfolios and Specifications
13.2.3 JA Solar Home Solar System Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 JA Solar Main Business Overview
13.2.5 JA Solar Latest Developments
13.3 Yingli
13.3.1 Yingli Company Information
13.3.2 Yingli Home Solar System Product Portfolios and Specifications
13.3.3 Yingli Home Solar System Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Yingli Main Business Overview
13.3.5 Yingli Latest Developments
13.4 Trina Solar
13.4.1 Trina Solar Company Information
13.4.2 Trina Solar Home Solar System Product Portfolios and Specifications
13.4.3 Trina Solar Home Solar System Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Trina Solar Main Business Overview
13.4.5 Trina Solar Latest Developments
13.5 Canadian Solar
13.5.1 Canadian Solar Company Information
13.5.2 Canadian Solar Home Solar System Product Portfolios and Specifications
13.5.3 Canadian Solar Home Solar System Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Canadian Solar Main Business Overview
13.5.5 Canadian Solar Latest Developments
13.6 Kyocera Solar
13.6.1 Kyocera Solar Company Information
13.6.2 Kyocera Solar Home Solar System Product Portfolios and Specifications
13.6.3 Kyocera Solar Home Solar System Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Kyocera Solar Main Business Overview
13.6.5 Kyocera Solar Latest Developments
13.7 Solar Frontier
13.7.1 Solar Frontier Company Information
13.7.2 Solar Frontier Home Solar System Product Portfolios and Specifications
13.7.3 Solar Frontier Home Solar System Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Solar Frontier Main Business Overview
13.7.5 Solar Frontier Latest Developments
13.8 SFCE
13.8.1 SFCE Company Information
13.8.2 SFCE Home Solar System Product Portfolios and Specifications
13.8.3 SFCE Home Solar System Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 SFCE Main Business Overview
13.8.5 SFCE Latest Developments
13.9 ReneSola
13.9.1 ReneSola Company Information
13.9.2 ReneSola Home Solar System Product Portfolios and Specifications
13.9.3 ReneSola Home Solar System Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 ReneSola Main Business Overview
13.9.5 ReneSola Latest Developments
13.10 Hanwha Solar
13.10.1 Hanwha Solar Company Information
13.10.2 Hanwha Solar Home Solar System Product Portfolios and Specifications
13.10.3 Hanwha Solar Home Solar System Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Hanwha Solar Main Business Overview
13.10.5 Hanwha Solar Latest Developments
13.11 REC Group
13.11.1 REC Group Company Information
13.11.2 REC Group Home Solar System Product Portfolios and Specifications
13.11.3 REC Group Home Solar System Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 REC Group Main Business Overview
13.11.5 REC Group Latest Developments
13.12 First Solar
13.12.1 First Solar Company Information
13.12.2 First Solar Home Solar System Product Portfolios and Specifications
13.12.3 First Solar Home Solar System Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 First Solar Main Business Overview
13.12.5 First Solar Latest Developments
13.13 SunPower
13.13.1 SunPower Company Information
13.13.2 SunPower Home Solar System Product Portfolios and Specifications
13.13.3 SunPower Home Solar System Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 SunPower Main Business Overview
13.13.5 SunPower Latest Developments
13.14 Jinko Solar
13.14.1 Jinko Solar Company Information
13.14.2 Jinko Solar Home Solar System Product Portfolios and Specifications
13.14.3 Jinko Solar Home Solar System Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 Jinko Solar Main Business Overview
13.14.5 Jinko Solar Latest Developments
13.15 Jntech
13.15.1 Jntech Company Information
13.15.2 Jntech Home Solar System Product Portfolios and Specifications
13.15.3 Jntech Home Solar System Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Jntech Main Business Overview
13.15.5 Jntech Latest Developments
14 Research Findings and Conclusion
听
听
*If Applicable.
