£1.7bn
£XXX.Xm
2,846
2,134
£XXX.Xm
The UK solar market has exploded over the past 15 years, with nearly 16 GW of capacity installed in April 2024 - a huge jump from less than 15 megawatts in 2007. The majority of this growth occurred prior to cuts to government incentives in January 2016, though renewed government support has driven an uptick in installations over recent years. Variations in the level of government support for solar power have spurred significant volatility for solar panel installers. Solar panel installation revenue is projected to surge at a compound annual rate of 24.5% to £1.6 billion over the five years through 2024-25, including an estimated revenue dip of 9.1% in 2024-.25.
Industry revenue has grown at a CAGR of 18.7 % over the past five years, to reach an estimated £1.7bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue (£m)
2024 |
---|---|---|
EvoEnergy Ltd | 6.9 | |
Solar Century Holdings Ltd | 5.9 | |
E.ON Energy ECO Installations Ltd | N/A |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Installation of systems with a capacity of less than 4kW, Installation of systems with a capacity of between 4 and 10kW and Installation of systems with a capacity of between 10 and 100kW. Installation of systems with a capacity of less than 4kW is the largest segment of the Solar Panel Installation in the UK.
Small solar makes up the majority of installations
Industry operators install solar panels as part of general residential and commercial contracting services. These companies are contracted by a homeowner, solar panel manufacturer or solar marketing firm. The installations of large-scale solar panels by major power producers is excluded from the industry.
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SIC 43.21 - Solar Panel Installation in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Slowing support limits installers’ revenue. Growth was highest in the mid-2010s, when the government was pushing for solar panels installation by offering funding and grants....
Learn about an industry's products and services, markets and trends in international trade.
Small installations dominate the industry. These are solar panel systems with a capacity of less than four kW. Installations of these spiked in 2018-19, before Feed-in Tariff...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The South East is a highly beneficial location. Its sunny conditions compared with other UK regions mean installers can capitalise on higher demand, while surging solar farm ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Price is key to attracting customers. Households and business typically install solar panels to make savings, so it goes without saying that they’ll look for the cheapest ins...
Learn about the performance of the top companies in the industry.
A local focus means there aren’t any major players. Most installers are small, serving a limited area, so no one company dominates the market. It will be hard for any to gain...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Government assistance determines demand. The more grants and funding made available, the more likely it is that households and businesses will want installations. Most recent...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Fluctuating input costs drive profit movements. Input costs are inching up amid soaring inflation – an effect exacerbated by an uptick in demand for solar panels in the UK. T...
Including values and annual change:
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Key data sources in the UK include:
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These sources include:
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The market size of the Solar Panel Installation in the UK industry in United Kingdom is £1.7bn in 2024.
There are 2,134 businesses in the Solar Panel Installation in the UK industry in United Kingdom, which has grown at a CAGR of 5.1 % between 2019 and 2024.
The market size of the Solar Panel Installation in the UK industry in United Kingdom has been growing at a CAGR of 18.7 % between 2019 and 2024.
Over the next five years, the Solar Panel Installation in the UK industry in United Kingdom is expected to decline.
The biggest companies operating in the Solar Panel Installation market in United Kingdom are EvoEnergy Ltd, Solar Century Holdings Ltd and E.ON Energy ECO Installations Ltd
Installation of systems with a capacity of less than 4kW and Installation of systems with a capacity of between 4 and 10kW are part of the Solar Panel Installation in the UK industry.
The company holding the most market share in United Kingdom is EvoEnergy Ltd.
The level of competition is high and increasing in the Solar Panel Installation in the UK industry in United Kingdom.