North American Ground Mount PV Utility Market - Installation is expected to Reach 4,068 MW in 2016: Transparency Market Research
ALBANY, New York, June 5, 2012 /PRNewswire/ --
According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "North American Ground Mount PV Utility Market - Industry Analysis, Size, Share, Growth and Forecast, 2011 - 2016"; Ground-Mounted PV installations in North America reached 913 MW in 2011 and is forecasted to reach 4,068 MW in in 2016 at a CAGR of 34.8% from 2011 to 2016. Pile-ground mounting system dominated the market with more than 50% installation in 2011. Pile-ground mounting system is expected to grow with the highest CAGR of 36.6% from 2011 to 2016, followed by pole ground mounting system at a CAGR of 33.9% for the same period.
Browse the full report athttp://www.transparencymarketresearch.com/north-american-ground-mount-pv-utility-market.html
The Solar PV market is witnessing healthy growth in the North American region with strong customer demand and financial support from the governments. The capacity of photovoltaic (PV) installed in 2011 were doubled as compared to 2010 with installed grid connected capacity to 2.34 GW. North American Ground-Mounted PV Utility Installations are expected to reach 4,068 Megawatt by 2016 from 912 Megawatt in 2011. The driving factor for the growth of the North American ground mounted PV utility market is the stability in government incentive policy for the solar energy sector. The government is increasing investment in utility scale solar plants, which has gone up by more than four times in 2010-11 as compared to 2009-10.
The other key drivers of the market include rising awareness about the negative impacts of carbon emissions and greenhouse gas, search for an alternative source of energy and benefits of using solar PV technology. PV technology is anticipated to be one of the key alternative sources of energy in the near future. With technological advancement in the energy sector, the efficiency and performance of ground-mount PV will improve, which will further boost growth.
The U.S. market demand for ground mounted photovoltaic installation has extended to several states beyond California. However in Canada, Ontario represents 99% of the national market with significant policy risk. The U.S. market is projected to encompass 82% of the overall North American PV installations in 2012. California will represent the biggest district market at 20% in 2012, followed by Ontario, with 18% and New Jersey with 12%.
The report presents detailed analysis and forecast for the North American ground-mounted PV utility market based on following segmentation:
Types
Pole Ground Mounting Systems
Pile-Ground Mounting Systems
Others
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