Noida, India (PressExposure) February 26, 2010 -- The US, one of the leading countries in PV industry developments, has shown tremendous growth in terms of PV production and capacity installations over the last few years. The PV industry is duly supported by the government reforms with respect to favorable regulatory policies and investments initiatives. RNCOS, a leading market research firm, has extensively analyzed undiscovered potential of the US PV industry in its new research report "Global Photovoltaic Market Forecast to 2013" to evaluate future growth prospects after adjusting the impact of global economic slowdown.
We have identified various decisive factors molding the PV industry towards an exponential growth track. As discussed in the report, there were over 60000 distributed solar electric systems interconnected across the United States at the end of 2008. It is anticipated that the grid-tied PV installations will exceed 100,000 by 2010 and 250,000 by 2015, confirming the attractiveness of PV industry in the US.
Further, the private sector is also taking active participation in the industry developments and investing heavily owing to the bright growth prospects. Venture capitalists invested almost US$ 1600 Million in solar companies in the third quarter of 2008 alone compared to more than US$ 1050 Million total venture capital investment in 2007. We anticipate that this trend will continue in coming years, which will transform in the balanced PV industry developments with justified public-private contribution.
Apart from the US, European as well as Asian countries are showing encouraging PV industry future growth prospects and increasingly attracting billions of dollar investments from the private sector. Countries like Germany, China, Japan etc have been continuously reporting strong PV capacity installation and are expected to register double digit CAGR growth during the forecast period (2010-2013) owing to the several prominent market trends analyzed thoroughly in the report.
"Global Photovoltaic Market Forecast to 2013" provides an extensive research and conceptual analysis of PV industry developments at the global and regional level. The qualitative and quantitative evaluation of annual and cumulative PV installed capacity in leading countries have been facilitated to provide holistic market understanding with regard to new investment opportunities in the concerned industry. The forecast for all top countries have been included to give an all around market intelligence on probable PV industry market growth in future.
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