According to the report by Expert Market Research (EMR), the United Kingdom distributed solar power generation market size reached a value of USD 3.88 billion in 2023. Aided by nation’s concerted efforts to reduce carbon emissions and bolster energy security, the market is projected to further grow at a CAGR of 10.9% between 2024 and 2032 to reach a value of USD 9.79 billion by 2032.
Distributed solar power, characterised by the generation of solar energy at or near the point of use, encompasses residential, commercial, and community solar projects. This model contrasts with traditional, centralized power generation, offering several advantages including reduced transmission losses, enhanced energy independence, and the democratisation of energy production.
As per the United Kingdom distributed solar power generation market analysis, the UK government’s commitment to decarbonising the energy sector has led to the implementation of favourable policies and financial incentives for solar power. Initiatives such as feed-in tariffs and the Smart Export Guarantee offer financial rewards for solar energy generation and export, making solar investments more attractive for households, businesses, and communities. Growing environmental awareness among the British public has also spurred demand for green energy solutions. Distributed solar power appeals to eco-conscious consumers looking to reduce their carbon footprint and contribute to the fight against climate change.
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Escalating energy prices in the UK have intensified the search for cost-effective and sustainable alternatives. As per the United Kingdom distributed solar power generation market outlook, distributed solar power offers a viable solution by providing households and businesses with the means to generate their electricity, thereby reducing reliance on the grid and mitigating the impact of rising energy costs. Urban development and stringent building regulations are further catalysing the adoption of distributed solar power. New constructions and major renovations are increasingly incorporating solar PV installations to comply with energy efficiency standards,
The integration of distributed solar power with smart energy systems is a growing trend boosting the United Kingdom distributed solar power generation market growth. This involves the use of smart meters, energy management systems, and IoT devices to optimise energy production, consumption, and storage. Such integration allows for more efficient use of solar power, enabling households and businesses to become proactive energy managers rather than passive consumers. This trend is facilitating the transition towards a more flexible and responsive energy grid, capable of accommodating the variability of solar power.
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To overcome the barrier of high upfront costs associated with solar installations, green financing options and solar leasing schemes are becoming more popular in the distributed solar power generation market in the United Kingdom. These financial models enable consumers to install solar panels with little or no upfront investment, paying off the cost through the electricity generated or through affordable leasing fees. This trend is making solar power more accessible to a broader segment of the population.
Advances in solar photovoltaic (PV) technology, including increased efficiency, reduced costs, and the development of integrated solar solutions (such as solar roofing tiles), are propelling the United Kingdom distributed solar power generation market expansion. Innovations in battery storage are also enhancing the viability of solar systems by addressing intermittency issues and enabling energy storage for later use.
There is an increasing interest in community and cooperative solar power projects across the UK. These initiatives allow individuals who may not have suitable roofs for solar panels to invest in shared solar resources, often located on public buildings, brownfields, or community spaces. This model democratises access to solar power and further contributes to the United Kingdom distributed solar power generation market share.
Market Segmentation
The market can be divided based on solar module, type, installation and end use.
Market Breakup by Solar Module
- Monocrystalline (Mono-Si)
- Polycrystalline (p-Si)
- Amorphous Silicon (A-Si)
- Others
Market Breakup by Type
- Rooftops
- Ground-Mounted
Market Breakup by Installation
- On-Grid
- Off-Grid
Market Breakup by End Use
- Residential
- Commercial and Industrial
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United Kingdom distributed solar power generation market. Some of the major players explored in the report by Expert Market Research are as follows:
- 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
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