Ceramic Industry News / Advanced Ceramics

New Study Examines U.S. Photovoltaic Market

October 5, 2010
/ Print / Reprints /
ShareMore
/ Text Size+

As a global superpower, the U.S. represents a fast-growing and potentially strong photovoltaic (PV) industry, according to Research and Markets’ new "U.S. Photovoltaic Market Analysis" study. Increasing budget expenditures on crude oil, gas and coal; high grid installation and expansion costs; and increasing carbon emissions have triggered PV industry growth in the U.S. over the past few years-including phenomenal growth in 2009, despite the recession. The total PV and concentrating solar power (CSP) capacities surpassed 2 GW, with a significant increase in industry revenue.

According to the report, the U.S. government continued its support and substantially increased solar energy technology budget. Out of the total $271 million solar energy investments, 182 solar projects had received Treasury grants of $81 million (as of early February 2010). With the help of notable government efforts and active participation of venture capitalists, the industry is expected to add around 0.87 GW of annual PV installations in 2010.

The non-residential segment has shown the highest growth potential. In 2010, the impact of federal stimulus funds reached full effect, and installations suddenly rebounded with easy credit facilities and various state government tax-incentive programs. Another trend seen in the non-residential segment was the usage of power purchase agreements (PPAs). Various companies have now begun signing PPAs to make these installations more profitable and viable for the long term.

Additional details are available at www.researchandmarkets.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px