SBI Reports has been leading industrial market research reporting for more than a decade. The brand established SBI Energy to address the complex nature of the Energy and Resources industry. SBI Energy reports capture data vital to emerging energy market sectors on a global scale. Growth of energy technology, manufacturing, construction, transportation and investment is exciting in its innovations and opportunities, and integral to the advancement of security and science.
Catching Elephant is a theme by Andy Taylor
Future of Global Solar Energy Market Bright after Tumultuous 2009
While growth has been spectacular since 2002, solar power continues to hold just a fractional share—under 1%—of U.S. energy production. Nevertheless, the U.S. has the greatest potential to increase its position in the solar market. The U.S. photovoltaic market was up an estimated 6% in 2009 to almost $4 billion and photovoltaic installations rose to 469 megawatts, according to SBI Energy. An extension of the solar tax credit and new recovery act funding helped keep the U.S. photovoltaic market on its continuing upward trajectory despite the turmoil that affected other solar market sectors globally. By 2014, photovoltaic installations are forecast to reach 7,600 megawatts by building on renewed interest in solar from utilities and the extension of the solar tax credit.
