Solar Power Generation Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/31/2021
SIC Codes: 4911
NAICS Codes: 221114
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Solar Power Generation Industry Profile

Companies in this industry operate power generation facilities that use energy from the sun to produce electric energy. Major companies include diversified electric utilities and independent producers Berkshire Hathaway Energy, NextEra Energy, Pacific Gas and Electric, Southern California Edison, and TerraForm Power (all based in the US); as well as Beijing Enterprise Holdings (Hong Kong), Enerparc (Germany), Lightsource BP (UK), and SPIC (China).

Asia has surpassed Europe as the most advanced market for solar energy generation. China leads the world in installed solar energy capacity, followed by India, the US, Japan, and Australia. China also dominates manufacturing of photovoltaic (PV) cells, the leading technology used to produce solar power, accounting for about two-thirds of global production.

The US solar power generation industry includes about 205 establishments (single-location companies and units of multi-location companies) with combined revenue of $1.8 billion that provide a small but growing amount of the nation's electricity. Overall, solar energy accounts for about 9% of energy consumed in the US.


As with other power sources, demand for solar power is driven by residential, commercial, and industrial electricity demand, which increases with population and economic growth. Additionally, growing concern over environmental and geopolitical issues surrounding fossil fuels has boosted interest in renewable energy sources such as solar.

The profitability of individual companies is determined by government regulations and incentives, as well as technological factors. Large companies have an advantage ...

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