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.
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