US Photovoltaic Market Analysis

 Published On: Mar, 2011 |    No of Pages: 70 |  Published By: RNCOS | Format: PDF
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The US photovoltaic industry has experienced significant growth during the past few years, despite difficulties in the housing and construction sectors. Many factors, which contributed to this growth includes a drastic module prices decline in 2009, sustained federal support from the Section 1603 Treasury Cash Grant in Lieu of Investment Tax Credit program, and increasing state-level targets for solar power. The country experienced a record year for PV installations in 2010, with cumulative grid-tied capacity estimated to reach 2.2 GW mark by installing around 700 MW in 2010.

Photovoltaic is the most dominant segment in terms of budget allocation for FY 2011. This segment is followed by concentrated solar power plants. The photovoltaic industry has been allocated above 50% of the solar energy budget owing to its economic viability and potentials for being a replacement of conventional energy sources. During FY 2001-FY 2011, 48% of the government’s solar energy technology budget was allocated for near term projects (<3 years). Long term (>7 years) and Mid-term (3-7 years) projects both accounted for 26% of the budget allocation.

According to our new research report “US Photovoltaic Market Analysis”, the US federal government continued its support and substantially increased solar energy technology budget. To propel the growth rate of PV installations in all sectors (utility, non residential, and residential), the states have formulated various incentives and grants. Presently, some of the states and the Federal government are moving away from simple rebate program and performance based incentives (PBI’s) to effective cost based incentives schemes.

At the state level, California sustained its top position in annual PV capacity installations during 2009, with 7% year-on-year growth. Besides, California, New Jersey, Florida, Arizona, and Colorado were some prominent states, where grid-connected PV systems installations were concentrated. Around 80% of the grid-connected installed capacity was located in these five states and around 92% in the top ten states.

The report focuses on the growing marketplace for the PV industry at the national and state level and analyzes the current market trends along with future growth prospects. 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, and utility scale solar facilities to help clients identify the factors critical for their successful market penetration.

Table of Contents:

1. Analyst View
2. Emerging Market Trends
2.1 Cost based FIT’s to Attract Capital Investments
2.2 Emergence of Combined Solar Thermal/Biomass Plants
2.3 Top 10 Utilities - Focal Point of Industry Growth
3. PV Industry Potentials in Renewable Energy Context
4. Industry Overview and Outlook till 2014
4.1 Market Overview
4.2 Installed Capacity
4.3 Installed Capacity by Sector
4.3.1 Utility
4.3.2 Non-Residential
4.3.3 Residential
4.4 PV Cell Shipments
4.5 PV Cell Trade
4.6 PV Power Plants
5. PV Technologies
5.1 Crystalline Silicon PV Modules
5.1.1 Polysilicon Production
5.1.2 Ingot and Wafer Production
5.1.3 Cell Production
5.1.4 Module Assembly
5.2 Thin Film PV Modules
6. Solar Inverter Market
7. State Level Analysis and Forecasts
7.1 Installed Capacities
7.2 Incentives & Grants
7.3 Cost Benefit Analysis
7.4 State Renewable Portfolio Standards and Targets by 2025
8. Analysis by Utility Scale Solar Facilities
9. PV Modules Cost Analysis
10. PV R&D Budget Analysis
11. Solar Policy - 2010
12. Competitive Landscape
12.1 First Solar Inc
12.2 Solar Power Inc.
12.3 GT Solar International Inc
12.5 Ascent Solar Technologies Inc.
12.6 ENXCO
12.7 SunPower Corporation
12.8 United Solar Ovonic LLC
12.9 Evergreen Solar Inc.
12.10 Solaria Corp

List of Figures

Figure 3-1: Share of Solar Power in Renewable Energy Production (2010 & 2014)
Figure 4-1: Share of US in Global Annual PV Installed Capacity (2010)
Figure 4-2: Annual PV Installed Capacity (GW), 2008-2014
Figure 4-3: Cumulative PV Installed Capacity (GW), 2008-2014
Figure 4-4: Annual Installed Grid Connected PV Capacity by Sector (%), 2009
Figure 4-5: Annual Installed Grid Connected PV Capacity by Utility Sector (MW), 2008-2014
Figure 4-6: Annual Installed Grid Connected PV Capacity by Non-Residential Sector (GW), 2008-2014
Figure 4-7: Annual Installed Grid Connected PV Capacity by Residential Sector (MW), 2008-2014
Figure 4-8: Photovoltaic Cell and Module Shipments (‘000 Units), 2006-2009
Figure 4-9: Photovoltaic Cell and Module Imports & Exports (‘000 Units), 2006-2009
Figure 4-10: Cumulative Power Capacities of Large-Scale PV Power Plants (MW), 2007-2009
Figure 5-1: PV Installations by Module Technology (%), 2009
Figure 5-2: Global - PV Wafer Market Share by Country (2009)
Figure 5-3: Installed Crystalline Silicon Modules by Geographic Origin of Production (2009)
Figure 6-1: Share of US Manufactures in Global Inverter Production (2009)
Figure 8-1: Utility-Scale Solar Facilities by Region
Figure 10-1: Solar Energy Technologies Budget (Million US$), FY 2008 to FY 2011
Figure 10-2: Solar Energy Technology Budget by System (%), FY 2011

List of Tables

Table 2-1: Gainesville Feed-In-Tariff Program (2009-2016)
Table 2-2: Share of Top 10 Utilities in Cumulative & Annual PV Installed Capacity (2007-2009)
Table 4-1: Domestic Shipments of Photovoltaic Cells and Modules by Sector (Peak Kilowatts), 2009
Table 4-2: Shipments of Photovoltaic Cells and Modules by Origin (Numbers), 2009
Table 7-1: Grid Connected PV Installed Capacity in Top 10 States (MW), 2008 & 2009
Table 7-2: PV Programs and Incentives by States
Table 7-3: Cost Benefit Analysis for 2-KW Solar System Installation by States
Table 7-4: State Renewable Portfolio Standards and Targets by 2025
Table 9-1: PV Module wise Price and Energy Purchase Trends (2010-2014)

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