Press release
U.S. solar panel market size is expected to witness significant growth from 2016 to 2023.
Regional solar PV capacity was close to 24.1 GW by 2015. The spur in the region can be subjected to continuous realization of utility sector double-digit GW project pipeline accompanied by booming residential photovoltaic market.Request for an in-depth table of contents for this report @ http://bit.ly/2cOIgTp
As of 2015, the U.S. is anticipated to add up more than 1 GWDC of panel installation. In addition, more than 30% of the electricity generated came for the solar panel implementations. California is expected to be a leading local region for U.S. solar panel market size.
Residential sector is anticipated to exhibit highest growth rates & experience less industry fluctuations and is likely to install more than 2 GW of solar installation over the upcoming years. Residential markets such as Hawaii, California, Massachusetts and Arizona are expected to exhibit high growth potential over the forecast period. U.S. solar panel market price is expected to reduce in line with capacity expansion over the forecast period.
It is estimated that more than 50% of the U.S. states posses over 50 MWDC of solar PV installed by 2015. The region is also anticipated to upgrade its solar panel installations over the several forth coming years. Developers in the industry are expected o have sharp focus on project build out to make most from the 30% federal investment tax credit offer on installation of these systems.
Key industry participants occupying major U.S. solar panel market share include Comtec, Trina Solar, Yingli, Neo Solar Power (NSP), Canadial Solar, Gintech, Longi, JA Solar, Sharp Solar, Zhonghuan, Jinko Solar, Renesola, Hanwah SolarOne, SubPower, Kyocera, Solargiga, Jinglong and First Solar,among others.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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