Market Research Reports

Ground Mount PV Utility Market by Installation (Pile Mount, Pole Mount, and Others) and by Country (U.S., Canada, and Mexico) - North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022

70pages
Published Date: 2015-05-19

Description



Industry drivers such as reducing prices of PV modules, decreasing project costs, government schemes such as RPS, and increasing economies of scale of utility-scale projects are creating demand for ground mount PV utility. The ground mount PV utility annual installation in North America stood at 3,381.4 MW in 2013 and is expected to reach 17,589.7 MW by 2022, expanding at an AAGR of 20.1% between 2014 and 2022. Revenue generated through installations of ground mount PV utility projects in North America was valued at USD 7,311.8 million in 2013 and is projected to reach USD 19,464.1 million by 2022 at an AAGR of 11.5% between 2014 and 2022.

The research study is designed to analyze the ground mount PV utility market in North America. The market is calculated in terms of annual capacity installations (MW) and revenue (USD Million). The market for ground mount PV utility in North America has been segmented based on the installation type and countries. On the basis of installation type, the market for ground mount PV utility in North America has been segmented into pile mount, pole mount, and others. The market for ground mount PV utility in North America, based on country-wise segment, has been divided into the U.S., Canada, and Mexico. The report provides a detailed growth forecast for the period 2014‒2022 based on the baseline year 2013. Projections have been provided for annual installations (MW) and revenue (USD Million).

The report includes the key market dynamics affecting the demand for ground mount PV utility in North America. As a part of our market dynamics analysis, we have analyzed the market drivers, market restraints, and market opportunities. Furthermore, we have also provided a cost analysis of the ground mount PV utility projects in North America. In this cost analysis segment, we have analyzed the price of both fixed-axis and one-axis projects along with the cost of electricity for utility-scale PV projects in the U.S. and other North American countries. A comprehensive competitive landscape, which includes company market share analysis and market attractiveness analysis, has also been provided in this report. The report also provides a detailed industry analysis of the ground mount PV utility market in North America with the help of Porter’s Five Forces model. The Porter’s Five Forces analysis aids in understanding the five major forces that affect the industry structure and profitability of the ground mount PV utility market in North America. The forces analyzed are the bargaining power of buyers, bargaining power of suppliers, threat from new entrants, threat from substitutes, and degree of competition. 

The study also includes the value chain of the ground mount PV utility market which provides a glimpse of interaction and roles of major stakeholders in the industry. The attractiveness involves benchmarking and ranking each country included in the ground mount PV utility market. The parameters selected are likely to have a pronounced effect on the demand for ground mount PV utility in North America in the current as well as future scenario. In order to collate the North America ground mount utility market report, we have conducted in-depth primary interviews and discussion with numerous key opinion leaders and participants. Primary research represents the bulk of our research efforts, coupled with an extensive secondary research. We also reviewed key players’ product portfolio, annual reports, press releases, and relevant documents for competitive analyses and better understanding of the ground mount utility market in North America. Secondary research includes in-depth research on current trends, Internet sources, trade journals, technical writing, and statistical data from associated approach for obtaining concise data, capturing industry participants’ insights, and recognizing growth opportunities.

Key participants in the ground mount PV utility market in North America include Andalay Solar, Inc., First Solar, Haticon Solar, LLC, NextEra Energy Resources, LLC, SolarCity Corporation, SunEdison, Inc., SunLink Corporation, SunPower Corporation, and Unirac Incorporated. This report provides an overview of these companies, followed by their financial revenues, business strategies, and recent developments.
  • North America Ground Mount PV Utility Market: Installation Type Analysis
    • Pile Mount
    • Pole Mount
    • Others
  • North America Ground Mount PV Utility Market: Country-wise Analysis
    • U.S.
    • Canada
    • Mexico

Table of Contents



Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology

Chapter 2 Executive Summary

Chapter 3 North America Ground Mount PV Utility Market – Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Dynamics
3.4 Market Drivers
     3.4.1 Reducing Prices of PV Modules coupled with Decreasing Project Costs
     3.4.2 Government Initiatives including Renewable Portfolio Standards (RPS) Driving Utility-scale Solar Installations
     3.4.3 Increasing Economies of Scale led by Reduction in Price of Projects
3.5 Market Restraints
     3.5.1 Ground Space Constraints
3.6 Market Opportunity
     3.6.1 Co-benefit of Utility-scale Ground-mounted Solar PV
3.7 Cost Analysis of Ground Mount Systems
3.8 Porter’s Five Forces Analysis
     3.8.1 Bargaining Power of Suppliers
     3.8.2 Bargaining Power of Buyers
     3.8.3 Threat from New Entrants
     3.8.4 Degree of Competition
     3.8.5 Threat from Substitutes
3.9 Market Attractiveness Analysis
     3.9.1 Market Attractiveness Analysis of North America Ground Mount PV Utility Market based on Annual Installations, by Country, 2013 (MW)
3.10 Company Market Share Analysis
     3.10.1 North America Ground Mount PV Utility Market: Company Market Share Analysis, 2013

Chapter 4 North America Ground Mount PV Utility Market – Installation Type Analysis
4.1 North America Ground Mount PV Utility Market: Installation Type Overview
     4.1.1 North America Ground Mount PV Utility Annual Installations Estimates and Forecast, by Installation Type, 2013 & 2022 (MW)
4.2 Pile Mount
     4.2.1 North America Pile Ground Mount Annual Installations and Revenue Estimates and Forecast, 2013 – 2022 (MW) (USD Million)
4.3 Pole Mount
     4.3.1 North America Pole Ground Mount Annual Installations and Revenue Estimates and Forecast, 2013 – 2022 (MW) (USD Million)
4.4 Others
     4.4.1 North America Others Ground Mount Annual Installations and Revenue Estimates and Forecast, 2013 – 2022 (MW) (USD Million)

Chapter 5 North America Ground Mount PV Utility Market – Country-wise Analysis
5.1 North America Ground Mount PV Utility Market: Country-wise Overview
     5.1.1 North America Ground Mount PV Utility Annual Installations Estimates and Forecast, by Country, 2013 & 2022 (MW)
5.2 U.S.
     5.2.1 U.S. Ground Mount PV Utility Annual Installations and Revenue Estimates and Forecast, 2013 – 2022 (MW) (USD Million)
     5.2.2 U.S. Ground Mount PV Utility Annual Installations and Revenue Estimates and Forecast, by Installation Type, 2013 – 2022 (MW) (USD Million)
5.3 Canada
     5.3.1 Canada Ground Mount PV Utility Annual Installations and Revenue Estimates and Forecast, 2013 – 2022 (MW) (USD Million)
     5.3.2 Canada Ground Mount PV Utility Annual Installations and Revenue Estimates and Forecast, by Installation Type, 2013 – 2022 (MW) (USD Million)
5.4 Mexico
     5.4.1 Mexico Ground Mount PV Utility Annual Installations and Revenue Estimates and Forecast, 2013 – 2022 (MW) (USD Million)
     5.4.2 Mexico Ground Mount PV Utility Annual Installations and Revenue Estimates and Forecast, by Installation Type, 2013 – 2022 (MW) (USD Million)

Chapter 6 Company Profiles
6.1 Andalay Solar, Inc.
     6.1.1 Company Overview
     6.1.2 Financial Overview
     6.1.3 Business Strategy
     6.1.4 Recent Developments
6.2 First Solar
     6.2.1 Company Overview
     6.2.2 Financial Overview
     6.2.3 Business Strategy
     6.2.4 Recent Developments
6.3 Haticon Solar, LLC
     6.3.1 Company Overview
     6.3.2 Financial Overview
     6.3.3 Business Strategy
     6.3.4 Recent Developments
6.4 NextEra Energy Resources, LLC
     6.4.1 Company Overview
     6.4.2 Financial Overview
     6.4.3 Business Strategy
     6.4.4 Recent Developments
6.5 SolarCity Corporation
     6.5.1 Company Overview
     6.5.2 Financial Overview
     6.5.3 Business Strategy
     6.5.4 Recent Developments
6.6 SunEdison, Inc.
     6.6.1 Company Overview
     6.6.2 Financial Overview
     6.6.3 Business Strategy
     6.6.4 Recent Developments
6.7 SunLink Corporation
     6.7.1 Company Overview
     6.7.2 Financial Overview
     6.7.3 Business Strategy
     6.7.4 Recent Developments
6.8 SunPower Corporation
     6.8.1 Company Overview
     6.8.2 Financial Overview
     6.8.3 Business Strategy
     6.8.4 Recent Developments
6.9 Unirac Incorporated
     6.9.1 Company Overview
     6.9.2 Financial Overview
     6.9.3 Business Strategy
     6.9.4 Recent Developments

List Of Figures 

FIG. 1 North America Ground Mount PV Utility: Market Segmentation
FIG. 2 North America Ground Mount PV Utility Annual Installations and Revenue Estimates and Forecast, 2013 – 2022 (MW) (USD Million)
FIG. 3 North America Ground Mount PV Utility Market: Value Chain Analysis
FIG. 4 Solar PV Module Cost, 2014 – 2022 (USD/Watt)
FIG. 5 U.S. Cost of Electricity for Utility-scale Solar PV Projects, 2010 – 2022 (cents/KWh)
FIG. 6 North America Ground Mount PV Utility Market: Porter’s Five Forces Analysis
FIG. 7 Market Attractiveness Analysis of North America Ground Mount PV Utility Market based on Annual Installations, by Country, 2013 (MW)
FIG. 8 Company Market Share of North America Ground Mount PV Utility Market, 2013
FIG. 9 North America Ground Mount PV Utility Annual Installations Estimates and Forecast, by Installation Type, 2013 & 2022 (MW)
FIG. 10 North America Pile Ground Mount Annual Installations and Revenue Estimates and Forecast, 2013 – 2022 (MW) (USD Million)
FIG. 11 North America Pole Ground Mount Annual Installations and Revenue Estimates and Forecast, 2013 – 2022 (MW) (USD Million)
FIG. 12 North America Others Ground Mount Annual Installations and Revenue Estimates and Forecast, 2013 – 2022 (MW) (USD Million)
FIG. 13 North America Ground Mount PV Utility Annual Installations Estimates and Forecast, by Country, 2013 & 2022 (MW)
FIG. 14 U.S. Ground Mount PV Utility Annual Installations and Revenue Estimates and Forecast, 2013 – 2022 (MW) (USD Million)
FIG. 15 Canada Ground Mount PV Utility Annual Installations and Revenue Estimates and Forecast, 2013 – 2022 (MW) (USD Million)
FIG. 16 Mexico Ground Mount PV Utility Annual Installations and Revenue Estimates and Forecast, 2013 – 2022 (MW) (USD Million)

List of Tables

TABLE 1 North America Ground Mount PV Utility Market Snapshot
TABLE 2 Market Drivers of North America Ground Mount PV Utility Market: Impact Analysis
TABLE 3 List of Renewable Portfolio Standards (RPS) and Targets for Major States of the U.S.
TABLE 4 Market Restraints of North America Ground Mount PV Utility Market: Impact Analysis
TABLE 5 Market Opportunity for North America Ground Mount PV Utility Market: Impact Analysis
TABLE 6 U.S. Ground Mount PV Utility Annual Installations Estimates and Forecast, by Installation Type, 2013 – 2022 (MW)
TABLE 7 U.S. Ground Mount PV Utility Market Estimates and Forecast, by Installation Type, 2013 – 2022 (USD Million)
TABLE 8 Canada Ground Mount PV Utility Annual Installations Estimates and Forecast, by Installation Type, 2013 – 2022 (MW)
TABLE 9 Canada Ground Mount PV Utility Market Estimates and Forecast, by Installation Type, 2013 – 2022 (USD Million)
TABLE 10 Mexico Ground Mount PV Utility Annual Installations Estimates and Forecast, by Installation Type, 2013 – 2022 (MW)
TABLE 11 Mexico Ground Mount PV Utility Market Estimates and Forecast, by Installation Type, 2013 – 2022 (USD Million)

Free Market Analysis



Photovoltaic technique harnesses solar energy and transforms it directly into electricity by using semiconductor material that exhibits photovoltaic effect. Solar PV is the third-most vital renewable energy source after wind and hydropower in terms of global installed capacity. Financial incentives, preferential net metering, and feed-in-tariffs metering are anticipated to bolster solar PV installations in the developing as well as developed countries. PV applications include commercial, residential, industrial, and utility-scale power plants. Stable government incentive policies pertaining to the solar energy industry are playing a pivotal role in driving the ground mount PV utility market in North America.

Governments in North America invest large funds in utility-scale solar PV plants and over a period of time, these investments have only been increasing. Tax incentives coupled with stimulus funded by the government have ramped up the installations of utility-scale solar PV plants in the North American countries. Particularly the U.S. individual states in the country have also played a key role in increasing the adoption of renewables, including solar through the renewable portfolio standards (RPS). Additionally, financial incentives in the form of rebates and tax credits and exemptions are also being provided by the states, which would boost growth in the utility-scale solar PV industry.

The renewable energy sector in North America has witnessed a remarkable growth in the recent years. The declining costs of solar PV projects have fueled the number of ground mount installations in the region. The fall in the overall prices of solar PVs has successively condensed the levelized cost of electricity (LCOE) production, which has further augmented the number of ground mount installations. Ever-increasing market competition has also played an important role in defining the cost of the overall ground mount projects. Sluggish growth in Europe has also given a reinforced the ground mount PV utility market in North America. A large number of European companies are now shifting their attention towards the North American market.

For this market study, the ground mount PV utility market has been segmented based on the installation type into pile mount, pole mount, and others. While small-scale solar PV systems are still most commonly found in the residential, commercial, and industrial applications, utility-scale ground mount projects are scaling up. Pile mount systems occupied the highest market share in terms of installations. It is expected to continue to dominate the market over the forecast period. Pole mount installations are expected to become more common in the near future. Industry drivers such as reducing prices of PV modules, decreasing project costs, government schemes such as RPS, and increasing economies of scale of utility-scale projects are creating demand for ground mount PV utility.

Country-wise, the ground mount PV utility market in North America has been segmented into the U.S., Canada, and Mexico. The cumulative installations of utility-scale projects in the U.S. were estimated to be about 8 GW by 2014. Utility-scale projects accounted for about 5% of the total solar PV installations in 2008 and increased to nearly 55% by 2013. The utility-scale projects are increasingly becoming economically-sound in comparison to other renewables including wind power, particularly in the desert southwest and California in the U.S. This is anticipated to fuel additional growth in the ground mount PV utility market in North America. Canada’s solar industry is growing at a rapid pace as there is an increase in solar PV installations and reduction in costs. The financial supportive schemes at various levels provided by the government for the development of both solar PV and ground mount projects is likely to result in higher market growth for ground mount solar PV utility in Canada.

Key participants in the ground mount PV utility market in North America include Andalay Solar, Inc., First Solar, Haticon Solar, LLC, NextEra Energy Resources, LLC, SolarCity Corporation, SunEdison, Inc., SunLink Corporation, SunPower Corporation, and Unirac Incorporated. This report provides an overview of these companies, followed by their financial revenues, business strategies, and recent developments.

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