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United Kingdom Distributed Solar Power Generation Market Size, Forecast: By Solar Module: Monocrystalline (Mono-Si), Polycrystalline (p-Si), Amorphous Silicon (A-Si); Others; By Type: Rooftops, Ground-Mounted; By Installation: On-Grid, Off-Grid; By End Use: Residential, Commercial and Industrial; Competitive Landscape; 2023-2028
United Kingdom Distributed Solar Power Generation Market Outlook
The United Kingdom distributed solar power generation market size was approximately USD 3.52 billion in 2022. The market is further projected to grow at a CAGR of 10.2% in the forecast period of 2023-2028, reaching a value of around USD 6.64 billion by 2028.
Key Trends in the Market
Distributed solar power generation is a system where electricity is generated from solar power near the point of consumption, thereby reducing the need for centralised generation and power distribution networks or grids. By generating solar energy near the demand, there is reduced need for transmission of energy and less reliance on power grids.
- Growing environmental concerns and increasing focus on renewable energy is a key factor contributing to the United Kingdom distributed solar power generation market growth. As costs of traditional electricity generation rise, distributed solar power generation offers low cost, clean, and sustainable energy generation as well as distribution.
- Advancements in solar photovoltaic technology are enhancing the reliability and efficiency of solar generation, improving distributed solar power generation. Integration of distributed solar power generation with robust battery storage systems enables access to solar energy during peak demand hours and when direct sunlight is not available.
- Reduced costs of solar photovoltaic systems is a key trend in the UK distributed solar power generation market, leading to its wider adoption by various end users. Government incentives and subsidies, including feed-in tariffs, are bolstering the cost-efficiency of distributed solar power generation, increasing its demand.
- In the coming years, commercial and industrial end uses of distributed solar power generation are anticipated to rise, fuelled by efforts of various companies to reduce energy costs and become more environmentally-friendly. Solar power is emerging as a cost-effective option for companies with higher energy demands.
Market Analysis
Based on solar module, the market is divided into monocrystalline (Mono-Si), polycrystalline (p-Si), and amorphous silicon (A-Si), among others. On the basis of type, the market is bifurcated into rooftops and ground-mounted. By installation, the United Kingdom distributed solar power generation market segmentation is on-grid and off-grid. Based on end use, the market is categorised into residential, and commercial and industrial.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United Kingdom distributed solar power generation market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Canadian Solar Inc.
- Jinko Solar Co., Ltd.
- UKSOL Ltd
- Anesco Limited
- Trina Solar Co. Ltd.
- EDF RE Group
- Eco2Solar ltd
- Solarsense UK Ltd
- EvoEnergy Limited
- Entire Services Ltd.
- Sungift Solar Limited
- Others
Market Share by Type
Rooftops, by type, account for a sizable United Kingdom distributed solar power generation market share, driven by the relatively high population density in the country. As free space on the ground is limited, implemented solar power systems can become expensive and also increase distance to end users. With numerous buildings already constructed, rooftops are an easy and effective location for distributed solar power generation. Solar power systems can be established directly on the roofs of end users, thereby minimising the distance the electricity generated needs to travel, resulting in greater efficiency and lower costs. The government also offers various incentives for rooftop installations of solar PV systems, leading to an augmented growth of the UK distributed solar power generation market.
Market Share by End Use
In the United Kingdom, residential end uses occupy a substantial share of the distributed solar power generation market, supported by extensive efforts of the government and early adoption by the public. For years, the government has offered incentives such as subsidised costs of solar panels and feed-in tariffs, encouraging the adoption of solar power in the residential sector. Reduced costs of establishing distributed solar power generation in residential buildings, particularly rooftop installations, and lower electricity bills are driving the United Kingdom distributed solar power generation market demand. Establishing such systems in residential buildings also reduces dependency on power grids, providing reliable electricity capable of meeting requitements of residents.
Competitive Landscape
Canadian Solar Inc., founded in 2001 with headquarters in Ontario, Canada, is a leading provider of solar energy solutions. Overseeing large scale projects for solar energy, the company is involved in the designing, development and manufacturing of solar PV cells, ingots, modules, wafers and other solar power products.
Jinko Solar Co., Ltd. is a manufacturer of solar panels with headquarters in Shanghai, China, and operations globally. Established in 2006, the company began as a wafer manufacturer, later expanding its product offerings in solar power to cater to a wide range of residential, utility and commercial customers.
UKSOL Ltd, based in Buckinghamshire in the United Kingdom, is a manufacturer of high quality solar panels and solar PV modules. The company was founded in 2015 and specialises in products such as solar PV modules, renewable energy, and solar cells, supplying various solar installers, distributors, and agents.
Other market players include Anesco Limited, Trina Solar Co. Ltd., EDF RE Group, Eco2Solar ltd, Solarsense UK Ltd, EvoEnergy Limited, Entire Services Ltd., and Sungift Solar Limited.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Solar Module |
|
| Breakup by Type |
|
| Breakup by Installation |
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| Breakup by End Use |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Distributed Solar Power Generation Market Overview
8.1 Key Industry Highlights
8.2 Global Distributed Solar Power Generation Historical Market (2018-2022)
8.3 Global Distributed Solar Power Generation Market Forecast (2023-2028)
8.4 Global Distributed Solar Power Generation Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 United Kingdom Distributed Solar Power Generation Market Overview
9.1 Key Industry Highlights
9.2 United Kingdom Distributed Solar Power Generation Historical Market (2018-2022)
9.3 United Kingdom Distributed Solar Power Generation Market Forecast (2023-2028)
10 United Kingdom Distributed Solar Power Generation Market by Solar Module
10.1 Monocrystalline (Mono-Si)
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Polycrystalline (p-Si)
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Amorphous Silicon (A-Si)
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Others
11 United Kingdom Distributed Solar Power Generation Market by Type
11.1 Rooftops
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Ground-Mounted
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
12 United Kingdom Distributed Solar Power Generation Market by Installation
12.1 On-Grid
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Off-Grid
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
13 United Kingdom Distributed Solar Power Generation Market by End Use
13.1 Residential
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 Commercial and Industrial
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Canadian Solar Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Jinko Solar Co., Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 UKSOL Ltd
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Anesco Limited
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Trina Solar Co. Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 EDF RE Group
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Eco2Solar ltd
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Solarsense UK Ltd
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 EvoEnergy Limited
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Entire Services Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Sungift Solar Limited
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Distributed Solar Power Generation Market: Key Industry Highlights, 2018 and 2028
2. United Kingdom Distributed Solar Power Generation Market: Key Industry Highlights, 2018 and 2028
3. United Kingdom Distributed Solar Power Generation Historical Market: Breakup by Solar Module (USD Billion), 2018-2022
4. United Kingdom Distributed Solar Power Generation Market Forecast: Breakup by Solar Module (USD Billion), 2023-2028
5. United Kingdom Distributed Solar Power Generation Historical Market: Breakup by Type (USD Billion), 2018-2022
6. United Kingdom Distributed Solar Power Generation Market Forecast: Breakup by Type (USD Billion), 2023-2028
7. United Kingdom Distributed Solar Power Generation Historical Market: Breakup by Installation (USD Billion), 2018-2022
8. United Kingdom Distributed Solar Power Generation Market Forecast: Breakup by Installation (USD Billion), 2023-2028
9. United Kingdom Distributed Solar Power Generation Historical Market: Breakup by End Use (USD Billion), 2018-2022
10. United Kingdom Distributed Solar Power Generation Market Forecast: Breakup by End Use (USD Billion), 2023-2028
11. United Kingdom Distributed Solar Power Generation Market Structure
Key Questions Answered in the Report
In 2022, the market reached an approximate value of USD 3.52 billion.
The market is expected to grow at a CAGR of 10.2% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028, reaching a value of around USD 6.64 billion by 2028.
The major drivers of the market include increasing focus on renewable sources of energy, various initiatives of the government, and rising adoption in residential end uses.
The key United Kingdom distributed solar power generation market trends include advancements in technology, lowering costs of solar power setups, and improvements in battery capabilities for power storage.
The various solar modules in the distributed solar power generation market in the United Kingdom are monocrystalline (Mono-Si), polycrystalline (p-Si), and amorphous silicon (A-Si), among others.
The significant end uses of distributed solar power generation in the market are residential, and commercial and industrial.
The major players in the market, according to the report, are Canadian Solar Inc., Jinko Solar Co., Ltd., UKSOL Ltd, Anesco Limited, Trina Solar Co. Ltd., EDF RE Group, Eco2Solar ltd, Solarsense UK Ltd, EvoEnergy Limited, Entire Services Ltd., and Sungift Solar Limited, among others.
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