In an independent new report by GTM Research, a Massachusetts, U.S.A media firm, predicts an annual growth rate of around 50% over the following 3 years.
As climate change legislation remains bogged down in the Senate and many states take their independent directions, the U.S. Solar market has somehow managed to maintain an even keel and looks likely to grow by an average 48% a year from 2008 to 2012, the new research suggests.
The report titled “United States PV Market: Project Economics, Policy, Demand and Strategy through 2013, forecasts than an increase in demand for solar photovoltaics in the U.S. could put the nation’s solar market ahead of present global leaders Germany within 3 years, FinSoul understands.
According to the data supplied, this years total installed base of photovoltaics in the U.S. is around 440MW, up from the 2008 figure of just over 320MW.
FinSoul believes the report goes on to forecast that demand in 2012 will be between 1,515MW to 2,020MW, depending on legislative and economic conditions. The nearer demand is to the latter figure, the closer the U.S will be to passing Germany in terms of market size.
California is still the primary solar tech and alternative energy consumer in the U.S., accounting for almost 50% on national demand, although the new report sees secondary markets becoming more influential over the forthcoming years.
