Research and Markets: The US Solar Photovoltaic Market May Beat Germany to Become the Largest Solar Market in the World by 2015, New Report Says

Date: 12 October 2011
Source: http://www.businesswire.com
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3a7432/the_us_solar_photo) has announced the addition of the "The US Solar Photovoltaic Market Outlook to 2015" report to their offering.

The research report titled The US Solar Photovoltaic Market Outlook to 2015 offers a comprehensive analysis on various topics such as On-Grid and Off-Grid Cumulative and Annual Installed Capacity, PV power per capita, market segmentation and competitive landscape of the major players operating in the country. The report also entails the SWOT analysis of solar PV market in the US.

The future outlook presented the base case, conservative case and aggressive case scenario factor analysis providing an insight on the prospects in the solar PV cumulative and annual installed capacity for the country.

Market Highlights:

During the period from 2006-2010, the cumulative installed capacity increased from 624 MW in 2006 to 2,528 MW in 2010, rising at a CAGR of 41.9%. This increasing demand for solar PV products placed the US as one of the significant markets after Germany and Spain. In reality, the US is one of the countries which can sustain the solar PV demand for long term in future.

In 2010, the PV components i.e. PV wafer, cell and module registered a surge in production with 624 MW, 1,058 MW, 1,205 MW respectively. This increased growth is primarily because of rise in the global demand, increase in the local demand and surge registered in the production capacity of plants (new plants were added or increase in the capacity of the existing plants).

The year 2010, registered a stupendous growth in the utility sector where the installations in the segment increased from 70 in 2009 to 242 in 2010. In the last five years, the share of utility installations has increased from nearly 0% in 2006 to 27.6% in 2010.

The PV installations in the country registered a diversified look with 16 states installing 10 MW of PV as compared to only 4 states in 2007.

Companies Mentioned:

  • Evergreen Solar
  • First Solar
  • SunPower
  • Uni-Solar

For more information visit http://www.researchandmarkets.com/research/3a7432/the_us_solar_photo

Contacts

Research and Markets

Laura Wood, Senior Manager,

press@researchandmarkets.com

U.S. Fax: 646-607-1907

Fax (outside U.S.): +353-1-481-1716

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