US Photovoltaic Market to Witness Rapid Growth

According to our new research report “US Photovoltaic Market Analysis”, the US photovoltaic industry is growing at a rapid pace due to the strong regulatory support and its acceptance in commercial and residential consumer segments. The industry registered a remarkable 59% year-on-year growth in 2010 over the previous year. The private sector is also actively participating in the development of the PV industry. The cumulative installed capacity is expected to reach 8.2 GW by 2014 from its 2010 level of just 2.2 GW.

The report has found that, California maintained its top rank in annual PV capacity installations during 2009, with 7% year-on-year growth. California, New Jersey, Florida, Arizona, and Colorado were the prominent states, where grid-connected PV systems installations were concentrated. Nearly 80% of the grid-connected installed capacities were situated in these five states and around 92% in the top ten states.

The report “US Photovoltaic Market Analysis” analyzes the overall US photovoltaic market in a prudent manner, taking into account the factors responsible for growth. The report provides reliable statistics on the total installed capacity and further gets into sector wise analysis, such as utility, residential, and non-residential. It also covers comprehensive information on the PV cell shipments, PV cell trade, and PV power plants. Current market trends have also been investigated and their impact on the market performance has been described.

The report is an outcome of an in depth research and objective analysis of the US photovoltaic market that covers almost all the key aspects. The report effectively discusses about the PV technologies and solar inverter market and provides an important analysis of the cost associated with PV modules. The forecasting in key areas of the report makes use of proper base and methods that aim at presenting a realistic future outlook. Overall, the report is likely to acquaint clients with specific and sophisticated details about the US photovoltaic market.

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