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Favorable Government Policies Drive North America Market for Ground Mounted PV Utility; Annual Installations to Reach 17,589.7 MW by 2022

Posted on Jan 29, 2016

The North America ground mounted PV utility market and its key elements are analyzed in great detail in a recent market intelligence study recently published by Transparency Market Research. The report suggests that the market will expand at a healthy 11.50% CAGR between 2014 and 2022, the report’s forecast period, and will rise from a revenue figure of US$7.3 bn in 2013 to US$19.4 bn in 2022. In terms of annual installations, the market had a capacity of 3,381.4 MW, expected to expand at an excellent 20.10% CAGR over the report’s forecast period and reach 17,589.7 MW by 2022.The report is titled “Ground Mount PV Utility Market - North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022” and is available on the company website for sale.

 

Browse the full 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 Research Report With Complete TOC @ http://www.transparencymarketresearch.com/north-american-ground-mount-pv-utility-market.html

The report segments the North America ground mount PV market on the basis of two criteria: installation type and geography.On the basis of type of installation, the study segments the market into pole mount PV systems, pile mount PV systems, and others. Of these, the segment of pile mount PV systems held the largest share in the overall market in 2013. The segment is also expected to retain its leading position over the report’s forecast period. A reduction in PV module prices is expected to lead to an increased demand for pole mount PV systems over the coming years.

 

On the basis of geography, the market is segmented into Canada, Mexico, and the U.S. Of these, the U.S. emerged as the dominant segment in 2013, reporting the largest number of installations of ground mount PV utilities in 2013. The trend is likely to continue over the report’s forecast period as well. The market for ground mount PV utility in the U.S. is driven by government funds for utility-scale projects, technological innovations, and tax incentives. As the U.S. government embarks on the journey to cleaner electricity generation and low-carbon energy targets, installations of ground mount PV utilities are expected to significantly rise over the report’s forecast period. The escalating demand for electricity and the rapidly developing market for renewable energy are also expected to propel the market for ground mount PV utility in the U.S.

 

The solar energy market in Canada is still in its developing phase, however, the market has observed growth at a rapid pace in the past few years. The market is chiefly driven by the significant reduction in the prices of solar PV units and an overall rise in the number of installations. Currently, solar energy has a mere 1% share in the total electricity consumed in Canada. With favorable government policies promoting the large-scale adoption of solar energy units, this share is expected to rise consistently over the report’s forecast period.

 

The report also presents an expansive overview of the competitive landscape of the market and includes detailed business profiles of some of the key companies in the market. The companies profiled in the report include Unirac Incorporated, SunLink Corporation, SunPower Corporation, Andalay Solar, Inc., NextEra Energy Resources, First Solar, Haticon Solar, LLC, SolarCity Corporation, and SunEdison, Inc., LLC.

 

The market has been segmented as

  • 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

 

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

  

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