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North American Non Residential Solar Power Markets
Frost & Sullivan, December 2010, Pages: 69
Rising energy prices, the growing dependency of the United States on foreign oil, and environmental concerns have lead to increasing government and public interest in renewable sources of electricity generation. Solar Power technologies can make an extensive contribution to the energy mix of the country, and reduce its dependency on fossil fuels. The present research service analyzed the North American Non Residential solar power market along with revenues and installed capacity forecasts. Supported by identifying the drivers and restraints, as well as challenges, facing this market.
This research service titled North American Non Residential Solar Power Market provides market drivers and restraints and main industry participants in the non-residential solar power market. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: solar photovoltaic (PV) (crystalline silicon, thin-film, and concentrator PV) and concentrating solar power (CSP) (solar power towers, solar dish generation and compact lens Fresnel reflector).
Market Overview
Vast Solar Energy Resources Indicate a Bright Future for the Non Residential Solar Power Market in North America
Government Backing Accelerates Market Developments
Depleting fossil fuel sources and volatile fuel prices have shifted the spotlight to renewable energy resources, which are in diverse abundance in North America. After wind power, solar is the fastest growing renewable energy market in North America. The United States is the dominant market for solar installations, while Canada has just begun to register high adoption rates for solar power in non-residential applications. The United States has harnessed only a fraction of its immense solar potential and has all the facilities needed to foster a strong and well-diversified solar market. The Federal Government and various state governments are keen to tap the potential of renewable resources to achieve energy security. They have implemented numerous renewable energy policies and offered an economic package as part of the American Recovery and Reinvestment Act. Another stimulus for the market is the renewable portfolio standards (RPSs), which enhance the market’s predictability and thereby, attract capital investment. These incentives and mandates are likely to encourage investments in high-cost solar PV systems and result in a whopping compound annual growth rate (CAGR) of 45.3 percent from 2010 to 2017.
CSPs, with their ability to deliver power during peak demand, are also an attractive alternative to conventional power sources. “In the Southwest of the United States, electricity consumption during the summer is the highest from 11 AM to late afternoon, which directly correlates with the electricity production of CSP,” says the analyst of this research. “Moreover, when backed up by thermal storage facilities and combustible fuel, CSP offers utilities electricity that can be dispatched when required, making it ideal for base, shoulder, and peak loads.” The non residential solar power market had a cumulative installed capacity of 511 MW for CSPs and 1,514 MW for PV by the end of 2010. By 2017, CSP’s cumulative capacity is projected to reach 4,668 MW and PV, 20,728 MW.
Despite the obvious market potential, utility owners will be deterred by the higher capital investment in solar energy and the complications in obtaining permits and grid access. Grid-connected PV systems tend to have higher upfront costs than other conventional energy systems and the same is true for CSP technology. A large CSP plant will require an investment of $6,000/kWh to $7,500/kW, while a coal-fired power plant will need only $2,400/kW to $3,500/kW. Local transmission infrastructure capability is also an important requirement to deploy large CSP plants. As CSP projects require vast tracts of land, the best locations are often deserts, with no transmission lines for miles around. Plant owners will also have to deal with the slow planning and permitting processes involved in gaining grid access. “Utilities can still feel optimistic as the capital cost of a large CSP plant is expected to reduce to $4,500/kW to $5,500/kW within the next five years,” notes the analyst. “This will allow CSPs to compete against coal and natural gas power generation plants and earn higher revenues for the non residential solar power market.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
Solar Photovoltaic
- Crystalline silicon
- Thin-film
- Concentrator PV
Concentrating Solar Power
- Solar power towers
- Solar dish generation
- Compact lens Fresnel reflector
1. Executive Summary
1.1 Market Engineering Methodology
1.2 Market Scope and Segmentation
1.3 Market Overview
1.4 Market Drivers and Restraints
1.5 Major Findings
1.6 Market Summary
2. Market Overview
2.1 Introduction
2.2 Research Scope
2.3 Top Five Industry Challenges
2.4 Major Challenges Analysis
3. Market Drivers and Restraints
3.1 Key Drivers Summary
3.2 Market Drivers Analysis
3.3 Key Restraints Summary
3.4 Market Restraints Analysis
4. Installed Capacity Forecasts
4.1 Cumulative Installed Capacity Forecasts –CSP Segment
4.2 Cumulative Installed Capacity Forecasts –PV Segment
5. Revenue Forecasts
5.1 Investment Forecasts–CSP Segment
5.2 Revenue Forecasts–PV Segment
6. Concentrating Solar Power Market
6.1 Market Overview
6.2 Technology Trends
6.3 Price Analysis
6.4 Market Structure
6.5 Market Share Analysis
7. Photovoltaic Solar Power Market
7.1 Market Overview
7.2 Technology Trends
7.3 Price Analysis
7.4 Market Structure
7.5 Market Share Analysis
8. About Frost & Sullivan
List of Figures:
Non Residential Solar Power Market: Market Snapshot of the PV Segment (North America), 2010
Non Residential Solar Power Market: Market Snapshot of the CSP Segment (North America), 2010
Non Residential Solar Power Market: Impact of Top Five Industry Challenges (North America), 2011-2017
Non Residential Solar Power Market: Cumulative Installed Capacity Forecasts for the CSP Segment (United States), 2007-2017
Non Residential Solar Power Market: Cumulative Installed Capacity Forecasts for the PV Segment (North America), 2007-2017
Non Residential Solar Power Market: Investment Forecasts for the CSP Segment (North America), 2007-2017
Non Residential Solar Power Market: Revenue Forecasts for the PV Segment (North America), 2007-2017
Non Residential Solar Power Market: CSP Technology Analysis (North America), 2010
Non Residential Solar Power Market: CSP Market Structure (North America), 2010
Non Residential Solar Power Market: Market Share of Major Participants for the CSP Segment Based on Installations (North America), 2010
Non Residential Solar Power Market: PV Technology Analysis (North America), 2010
Non Residential Solar Power Market: Average Module Cost by Technology (North America), 2010
Non Residential Solar Power Market: Percent of Installation Cost by Component (North America), 2010
List Of Charts:
Non Residential Solar Power Market: Market Forecasts (North America), 2010 and 2017
Non Residential Solar Power Market: Top Two Market Drivers and Restraints (North America), 2011-2017
Non Residential Solar Power Market: Top Three Market Participants in the PV Segment (North America), 2010
Non Residential Solar Power Market: Top Three Market Participants in the CSP Segment (North America), 2010
Non Residential Solar Power Market: Market Segmentation by Technology (North America), 2010
Non Residential Solar Power Market: Market Drivers Ranked in Order of Impact (North America), 2011-2017
Non Residential Solar Power Market: Market Restraints Ranked in Order of Impact (North America), 2011-2017
Non Residential Solar Power Market: Cumulative Installed Capacity Forecasts for the CSP Segment (United States), 2007-2017
Non Residential Solar Power Market: Cumulative Installed Capacity Forecasts for the PV Segment (North America), 2007-2017
Non Residential Solar Power Market: Investment Forecasts for the CSP Segment (North America), 2007-2017
Non Residential Solar Power Market: Revenue Forecasts for the PV Segment (North America), 2007-2017
Non Residential Solar Power Market: CSP Projects Under Development by Technology (North America), 2010
Non Residential Solar Power Market: CSP Investment Cost Breakdown (North America), 2010
Non Residential Solar Power Market: Large PV Projects Under Development by Technology (North America), 2010
Non Residential Solar Power Market: PV Technologies Market Share (North America), 2010
Non Residential Solar Power Market: Average PV Module Price Forecasts (North America), 2007-2017
Non Residential Solar Power Market: Solar Grade Silicon Price Forecasts (North America), 2007-2017
Non Residential Solar Power Market: Solar Grade Silicon Supply Forecasts (North America), 2007-2017
Non Residential Solar Power Market: Percent of Installation Cost by Component (North America), 2010
Non Residential Solar Power Market: Market Structure (North America), 2010
Residential Solar Power Market: Tier Market Share by Installations (North America), 2010
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