NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/08/20 - Regulatory support coupled with a flurry in residential installations will drive the US PV market in coming years, says RNCOS.
According to our latest research report “US Photovoltaic Market Analysis”, the photovoltaic industry in the US is growing at fast pace on the back of government support and decreasing installations costs. Despite the economic slowdown, annual PV installation sustained its positive growth momentum and the country accounted for 6.4% of the global installed capacity in 2009. In coming years, the US photovoltaic market is poised to post one of the fastest growth globally with an expected annual installations of around 1.9 GW by 2014.
The research has revealed that the absence of nationwide cost based FIT program has somewhat affected the PV industry development pace in the US. But now almost all the prominent states have acknowledged the benefits of these incentives and formulated long term PV installations programs. These programs are expected to start showing their positive impact from 2010 onwards and the US share of annual PV installations will grow considerably at the global level.
Our sector specific study has showed that residential installations are growing strongly in the country. Various federal government and state incentives have been earmarked to encourage non-commercial energy consumers and to infuse residential PV installations. We anticipate that highly subsidized modules and panels, relatively higher incentives on energy generation will continue to strengthen the residential PV market developments in the years to come.
The US photovoltaic industry offers enormous opportunities for existing players, new players, module suppliers, consultants and R&D companies. The report has revealed that residential and commercial rooftop installations will continue to show strong positive results and the utility-scale PV is expected to grow significantly.
“US Photovoltaic Market Analysis” is an outcome of extensive research and thorough analysis of the US photovoltaic industry potentials. It evaluates all prominent market segments including residential, utilities and non-residential. The report provides statistics information, state level analysis, PV cost benefit trends, module wise cost forecasts, utility scale solar facilities, etc to help clients identify the factors critical for their successful market penetration and gain early entry advantages.
Most importantly, the report has also given the segment wise industry forecast based on correlation of past drivers, challenges and opportunities for expansion. In this way, the report presents a complete and coherent analysis of the US photovoltaic industry and will prove decisive for clients.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.