North American Ground Mount PV Utility Market - Installation is expected to Reach 4,068 MW in 2016: Transparency Market Research

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• Publié par: transparency-market-research
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• Langue: English

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North American Ground Mount PV Utility

Market - Installation is expected to Reach 4,068

MW in 2016: Transparency Market Research

PR Newswire

ALBANY, New York, June 5, 2012

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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