United Kingdom Distributed Solar Power Generation Market Report and Forecast 2024-2032

United Kingdom Distributed Solar Power Generation Market Outlook

The United Kingdom distributed solar power generation market size was approximately USD 3.88 billion in 2023. The market is further projected to grow at a CAGR of 10.9% in the forecast period of 2024-2032, reaching a value of around USD 9.79 billion by 2032.

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