Global Distributed Energy Resource Management System MARKET By Others
| Label | North America | United States | Canada |
|---|---|---|---|
| 2015 | 5130.8 USD Mn | 4698.1 USD Mn | 432.7 USD Mn |
| 2016 | 6112.4 USD Mn | 5603.8 USD Mn | 508.6 USD Mn |
| 2017 | 7284.9 USD Mn | 6687.0 USD Mn | 597.9 USD Mn |
| 2018 | 8700.8 USD Mn | 7996.3 USD Mn | 704.5 USD Mn |
| 2019 | 10412.2 USD Mn | 9580.4 USD Mn | 831.8 USD Mn |
| 2020 | 12471.0 USD Mn | 11488.2 USD Mn | 982.8 USD Mn |
| 2021 | 15002.8 USD Mn | 13836.4 USD Mn | 1166.4 USD Mn |
| 2022 | 18051.4 USD Mn | 16666.8 USD Mn | 1384.6 USD Mn |
| 2023 | 21722.8 USD Mn | 20079.1 USD Mn | 1643.7 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
United States accounted for the larger market share in 2016 in the North America solar panels market, and is expected to reach USD 20079.10 Million in 2023 from USD 5603.80 Million in 2016.This market is projected to grow at a CAGR of 20.11% during the forecast period from 2017 - 2023. utilities segment accounted for the largest market share in 2016, this market is expected to reach USD 12900.60 Million in 2023 from USD 3520.10 Million in 2016. This market is projected to grow at a CAGR of 20.49% during the forecast period from 2017 - 2023. However, residential segment is the fastest growing market, which is expected to grow at a CAGR of 21.45% during the forecast period 2017 - 2023. crystalline segment accounted for the largest market share in 2016, this market is expected to reach USD 14954.90 Million in 2023 from USD 3916.80 Million in 2016. This market is projected to grow at a CAGR of 21.18% during the forecast period from 2017 - 2023. solar pv segment accounted for the larger market share in 2016, this market is expected to reach USD 20367.70 Million in 2023 from USD 5601.40 Million in 2016.
This market is projected to grow at a CAGR of 20.35% during the forecast period from 2017 - 2023. However, solar pv segment is the fastest growing market, which is expected to grow at a CAGR of 20.35% during the forecast period 2017 - 2023.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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