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.
Albany, NY -- (SBWIRE) -- 08/08/2016 -- 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 2014â€'2022 based on the baseline year 2013. Projections have been provided for annual installations (MW) and revenue (USD Million).
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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.
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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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