US to Reach 12% Global Market Share by 2015

Despite a struggling domestic economy, the US solar photovoltaic (PV) market will double in 2011, according to the latest Solarbuzz® United States PV Market Report. 2011 growth rates vary significantly by market segment, an outcome of the vast movements in incentives and policies at the federal, state and local government level over the past 12 months. “With rapid declines in factory gate prices over the past eight weeks as manufacturers and distributors focus on depleting module inventories, demand has picked up across residential, corporate and government segments,” noted Craig Stevens, President of Solarbuzz. “This acceleration is being supplemented by explosive utility demand and the rush to install before federal cash grants are scheduled to expire at the end of the year.” The US is forecast to become the third-largest solar photovoltaic market, behind Germany and Italy in 2011. While the US currently comprises 5% of the world PV market, Solarbuzz projects an increase to 12% by 2015.
 

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

MORNINGSTAR - GenStar MPPT

MORNINGSTAR - GenStar MPPT

GenStar MPPT is the industry's first fully integrated solar DC charging system, an all-new design with "lithium DNA" from the leader in charge controllers. Out of the box, GenStar is an overachiever-delivering legendary Morningstar quality, efficiency, power and reliability along with the latest in advanced communications and control technologies. All the most installer-requested features are on-board; additional features can be easily added via Morningstar's ReadyBlock expansion technology, with snap-in blocks that provide battery metering and monitoring, signaling and load control, and lithium battery communications/control