Solar Electric Power Generation - Market Size, Financial Statistics, Industry Trends

Industry Overview

This U.S. industry comprises establishments primarily engaged in operating solar electric power generation facilities. These facilities use energy from the sun to produce electric energy. The electric energy produced in these establishments is provided to electric power transmission systems or to electric power distribution systems. Cross-References.
Source: U.S. Census Bureau

Solar Electric Power Generation Market Size

This report includes historical and forecasted market sizes and industry trends for Solar Electric Power Generation. It reveals overall market dynamics from 2020 through the present, and predicts industry growth or shrinkage through 2030. Revenue data include both public and private companies in the Solar Electric Power Generation industry.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)	Included in Report
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Pell Research's advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size statistics include revenue generated from all products and services sold within the Solar Electric Power Generation industry.

Geographic Breakdown by U.S. State

Solar Electric Power Generation market share by state pinpoints local opportunities based on regional revenue statistics. Growth rate for each state is affected by regional economic conditions. Data by state can be used to locate profitable and nonprofitable locations for Solar Electric Power Generation companies in the United States.

Distribution by Company Size

Company Size	All Industries	Solar Electric Power Generation
Small Business (< 5 Employees)	Included
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" Solar Electric Power Generation company (both public and private companies are included).

	Industry Average	Percent of Sales
Total Revenue	Included
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios	Included
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Compensation and Salary Surveys

Salary information for employees working in the Solar Electric Power Generation industry.

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	5%	Included
Top Executives	5%
Chief Executives	0%
General and Operations Managers	5%
General and Operations Managers	3%
Operations Specialties Managers	6%
Other Management Occupations	5%
Business and Financial Operations Occupations	8%
Business Operations Specialists	6%
Financial Specialists	5%
Architecture and Engineering Occupations	7%
Engineers	6%
Electrical and Electronics Engineers	8%
Electrical Engineers	7%
Nuclear Engineers	14%
Nuclear Engineers	14%
Drafters, Engineering Technicians, and Mapping Technicians	6%
Life, Physical, and Social Science Occupations	11%
Life, Physical, and Social Science Technicians	10%
Nuclear Technicians	9%
Nuclear Technicians	9%
Protective Service Occupations	11%
Other Protective Service Workers	10%
Security Guards and Gaming Surveillance Officers	10%
Security Guards	10%
Sales and Related Occupations	8%
Office and Administrative Support Occupations	10%
Construction and Extraction Occupations	19%
Supervisors of Construction and Extraction Workers	6%
First-Line Supervisors of Construction Trades and Extraction Workers	6%
First-Line Supervisors of Construction Trades and Extraction Workers	6%
Construction Trades Workers	12%
Solar Photovoltaic Installers	6%
Solar Photovoltaic Installers	6%
Installation, Maintenance, and Repair Occupations	26%
Electrical and Electronic Equipment Mechanics, Installers, and Repairers	7%
Miscellaneous Electrical and Electronic Equipment Mechanics, Installers, and Repairers	6%
Electrical and Electronics Repairers, Powerhouse, Substation, and Relay	6%
Other Installation, Maintenance, and Repair Occupations	18%
Industrial Machinery Installation, Repair, and Maintenance Workers	7%
Industrial Machinery Mechanics	7%
Line Installers and Repairers	7%
Electrical Power-Line Installers and Repairers	7%
Wind Turbine Service Technicians	39%
Wind Turbine Service Technicians	39%
Production Occupations	39%
Supervisors of Production Workers	5%
First-Line Supervisors of Production and Operating Workers	5%
First-Line Supervisors of Production and Operating Workers	5%
Plant and System Operators	32%
Power Plant Operators, Distributors, and Dispatchers	30%
Nuclear Power Reactor Operators	10%
Power Plant Operators	29%

Government Contracts

The federal government spent an annual total of $3,217,573 on the Solar Electric Power Generation industry. It has awarded 64 contracts to 27 companies, with an average value of $119,169 per company.

Top Companies in Solar Electric Power Generation and Adjacent Industries

Company	Address	Revenue ($ Millions)
Included