After its best year ever in 2008, the world solar market struggled to survive a tumultuous 2009. What looked like a yawning drop for the photovoltaic (PV) market in the first half of the year turned into a solid gain in total amount of systems installed on the strength of strong German sales in the fourth quarter. But despite annual worldwide PV installations rising from 5.8 GW in 2008 to 6.6 GW in 2009, the PV market value dropped by 15.8% to $17.0 billion due to crashing PV cell and module prices.
The U.S. fared better than most countries, with the PV market up an estimated 6.0% in 2009 to $3.5 billion and PV installations rising to 469 MW. An extension of the solar tax credit and new recovery act funding helped to keep the U.S. PV market on a continuing upward trend.
The U.S. represented only 1% of a world solar thermal collector market dominated by China in 2009, shipping 1.0 GW of collectors worth $79.6 million. While still currently focused on low temperature pool heating systems that represented 82% of the U.S. market (by megawatts of collectors shipped) in 2009, SBI Energy anticipates much stronger growth in residential hot water systems heading to 2014.
Worldwide, the U.S. still has the greatest potential to increase its position in the solar market. SBI Energy foresees 900 MW of PV installations in 2010, rising to 7,600 MW of PV installations in 2014 building on renewed interest in solar from utilities and the extension of the solar tax credit. While the ST market will show only moderate growth in the U.S., the PV market segment will continue to shine in the U.S. and the concentrated solar power (CSP) market is set to explode. SBI Energyestimates the U.S. solar panel market will reach $34.5 billion in 2014.
U.S. Solar Energy Market World Data, 2nd Edition by SBI Energy analyzes the manufacturing and sales of the U.S. solar photovoltaic and solar thermal markets within the context of other key solar countries such as the Germany, Spain, Japan and China. The analysis will include definitions, current product offerings and market detail on the following segments:
The U.S. fared better than most countries, with the PV market up an estimated 6.0% in 2009 to $3.5 billion and PV installations rising to 469 MW. An extension of the solar tax credit and new recovery act funding helped to keep the U.S. PV market on a continuing upward trend.
The U.S. represented only 1% of a world solar thermal collector market dominated by China in 2009, shipping 1.0 GW of collectors worth $79.6 million. While still currently focused on low temperature pool heating systems that represented 82% of the U.S. market (by megawatts of collectors shipped) in 2009, SBI Energy anticipates much stronger growth in residential hot water systems heading to 2014.
Worldwide, the U.S. still has the greatest potential to increase its position in the solar market. SBI Energy foresees 900 MW of PV installations in 2010, rising to 7,600 MW of PV installations in 2014 building on renewed interest in solar from utilities and the extension of the solar tax credit. While the ST market will show only moderate growth in the U.S., the PV market segment will continue to shine in the U.S. and the concentrated solar power (CSP) market is set to explode. SBI Energyestimates the U.S. solar panel market will reach $34.5 billion in 2014.
U.S. Solar Energy Market World Data, 2nd Edition by SBI Energy analyzes the manufacturing and sales of the U.S. solar photovoltaic and solar thermal markets within the context of other key solar countries such as the Germany, Spain, Japan and China. The analysis will include definitions, current product offerings and market detail on the following segments:
Photovoltaic cells and modules
Vacuum tube and flat-panel solar thermal modules
Balance of system components including inverters, frames, batteries and charge controllers
Report Methodology
This report contains both primary and secondary data obtained from government sources, trade associations and publications, business journals, scientific papers, company literature, investment reports, and interviews with industry professionals. Statistics describing the production and sale of solar products in the U.S. are primarily through the U.S. Energy Information Administration. World solar product data comes from sources such as the International Energy Agency and the EurObserv’ER Barometer published by the EurObserv’ER consortium
What You’ll Get in This Report
U.S. Solar Energy Market World Data, 2nd Edition provides a concise, focused look on the photovoltaic and solar thermal market as it exists today, and shows where the market is moving over the next five years. The report highlights key players in the industry and pinpoints ways that current and prospective competitors can capitalize on recent trends and spearhead new ones. No other market research report provides both the comprehensive analysis and extensive data that U.S. Solar Energy Market World Data, 2nd Edition offers. Plus, you’ll benefit from extensive data, presented in easy-to-read and practical charts, tables and graphs.
How You’ll Benefit from this Report
If your company is already doing business related to solar electric power generation or solar thermal heating technologies, or is considering making the leap, you will find this report invaluable as it provides a comprehensive package of information and insight not offered in any other single source. You will gain a thorough understanding of the current market for all aspects of electric vehicles, as well as projected markets and trends through 2014.
This report will help:
Marketing managers identify market opportunities and develop targeted promotion plans for homeowners looking to invest in personal renewable energy options and who want to help reduce greenhouse gas emissions.
Research and development professionals stay on top of competitor initiatives and explore demand for utility scale power generation and consumer scale PV and solar thermal applications.
Advertising agencies working with clients in the banking, retail and power generation industries develop messages and images that compel homeowners, businesses and utilities migrate towards solar when looking at renewable energy options.
Business development executives understand the dynamics of the market and identify possible partnerships.
Information and research center librarians provide market researchers, brand and product managers and other colleagues with the vital information they need to do their jobs more effectively.
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