U.S. Solar Industry: Market Trends And Opportunites
Catalina Research
November 1, 2009 167 Pages - SKU: CATR2502777
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Countries covered: United States
SUMMARY OF MAJOR FINDINGS
The $2.6 billion (manufacturers’ dollars) U.S. solar industry has experienced strong growth over the past five years. Demand soared due to improved photovoltaic technologies and lower prices; sharp increases in competing energy costs, and the expansion of government and financial incentives. This resulted in a 55.0% industry compound annual growth rate. The sharpest gains in industry sales were made to commercial and government building owners and electric utilities, while competitors increased sourcing from foreign plants. Currently, demand has leveled off due to the recession and credit crisis. This caused sharply lower PV prices as material costs dropped and competitive pressures intensified. It also adversely impacted solar industry manufacturer profit margins. Lower PV prices, however, is making solar energy more competitive with purchased electricity, especially in high energy cost states such as California and New Jersey. Lower prices will also stimulate future growth as the economy rebounds and government requirements cause consumers to turn to renewable energy sources.
SOLAR INDUSTRY MARKET TRENDS
Catalina Research has uncovered these trends in our 167-page in-depth report on the U.S. solar industry. U.S. shipments, imports, exports, and price trends are evaluated for photovoltaic cells and modules and solar thermal collectors. Data is also segmented by technology. PV trends are segmented for crystalline silicon, thin-film, and concentrator silicon technologies; and solar thermal collectors for low-, medium-, and high-temperatures. Data is also provided for complete systems.
U.S. SHIPMENTS AND INTERNATIONAL TRADE
The market is also segmented by source of supply. The report analyzes domestic plant shipments and imports. Import data is provided by solar technology and by major country of origin. Prices are compared for domestically produced and imported PV products. Similar data is provided for export shipments. In addition, this section reviews the various solar technologies employed and recent technical innovations.
END-USE MARKETS AND DISTRIBUTION
U.S. solar sales are broken out by end-use market and distribution channel. The photovoltaic data is segmented for grid-interactive and remote applications. Markets include commercial, government, industrial, and residential buildings; electric utilities; transportation; water pumping, communications, and other users. Solar thermal collector uses include pool, hot water, and space heating. Purchases are further analyzed by state. The report also investigates sales to installers, wholesalers, retailers, and directly to end-users.
U.S. SOLAR ENERGY CONSUMPTION AND FACTORS AFFECTING DEMAND
Catalina has analyzed solar energy output/consumption and calculated the installed based of U.S. photovoltaic capacity. Output/consumption is provided for residential and nonresidential buildings and electric utilities. This section also provides data on factors driving domestic demand including the production, consumption, and cost of competing energy sources. Electricity sales and costs were also tracked. An analysis of energy costs by household income and region and state also provide a guide to regional sales potential. In addition, Catalina reviewed government and financial incentives that have enhanced solar energy cost competitiveness.
SOLAR INDUSTRY PROFITABILITY AND THE COMPETITIVE ENVIRONMENT
Catalina analyzed the financial trends of 29 global solar industry manufacturers. From this base of data, Catalina compiled data on worldwide PV production capacity and research and development spending. Catalina also extracted these company’s U.S. sales and calculated the market share for the top ten suppliers. As part of this process, Catalina profiled 14 leading U.S. suppliers of photovoltaic products and three leading suppliers of photovoltaic manufacturing equipment. Company profiles cover product lines, and technology, manufacturing and distribution, acquisitions and capital investments, and sales and profit trends.
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- SECTION 1 U.S. SOLAR INDUSTRY: MARKET TRENDS AND OPPORTUNITIES
- Summary Of Major Findings
- Size And Growth Of U.S. Solar Industry
- Factors Driving Demand
- Technical Innovations
- Source Of Supply
- End-Use Markets And Usage
- Market Shares And Supplier Profitability
- Outlook And Future Selling Opportunities
- Table 1-1 U.S. Photovoltaic Supply, 1987-2015 (megawatts and dollars)
- Table 1-2 Value Of U.S. Photovoltaic Module And Solar Cell Supply, 1997-2015 (dollars)
- Table 1-3 Quantity U.S. Photovoltaic Module And Solar Cell Supply, 1997-2015 (peak megawatts)
- Table 1-4 Quantity U.S. Photovoltaic Cell And Module Supply By Technology, 1987-2015 (peak kilowatts): Thin-Film, Crystalline Silicon, And Concentrator
- Table 1-5 U.S. Revenue And Average Value Per Peak Watt For Photovoltaic Supply By Type Of Crystalline Silicon Technology, 2006 and 2007 (dollars): Single Crystal And Cast And Ribbon; Modules And Cells
- Table 1-6 Share Of U.S. Photovoltaic Dollar Supply For The Top Nine Countries Of Origin, 2002-2009 (percent)
- Table 1-7 U.S. Solar Thermal Collector Supply, 1987-2015 (dollars and square feet)
- Table 1-8 U.S. Quantity Solar Thermal Collector Supply By Technology Type, 1987-2010 (square feet): Low-Temperature, Medium-Temperature, And High-Temperature
- Table 1-9 U.S. Solar Thermal Collector Supply By Detail Type, 2006 And 2007 (square feet and dollars): Liquid And Air, ICS/Thermosiphon, Flat Plate, Evacuated Tube, Concentrator, And Parabolic Dish And Trough
- Table 1-10 U.S. Supply Of Complete Photovoltaic Module And Solar Thermal Collector Systems, 2005-2007 (number and dollars)
- SCOPE AND METHODOLOGY
- SECTION 2 U.S. SOURCE OF SUPPLY: DOMESTIC MANUFACTURING AND IMPORTS
- Summary Of Major Findings
- U.S. Photovoltaic Supply And Price Trends
- Source Of Supply
- Technology Trends And Innovations
- Table 2-1 Value Of U.S. Photovoltaic Supply By Source, 1992-2015 (dollars): U.S. Plant Shipments And Imports
- Table 2-2 Quantity U.S. Photovoltaic Supply By Source, 1987-2015 (peak megawatts): U.S. Plant Shipments And Imports
- Table 2-3 U.S. Average Value Per Peak Watt Supplied By U.S. Manufacturers And Importers Of Photovoltaics, 1992-2015 (dollars)
- Table 2-4 Value Of U.S. Photovoltaic Cell And Module Imports And Share Of U.S. Supply, 1992-2010 (dollars and percent): Total, Modules, And Cells
- Table 2-5 Quantity U.S. Photovoltaic Cell And Module Imports, 1992-2010 (peak megawatts): Total, Modules, And Cells
- Table 2-6 Imports’ Share Of U.S. Quantity Photovoltaic Cell And Module Supply, 1992-2010 (percent): Total, Modules, And Cells
- Table 2-7 U.S. Photovoltaic Cell And Module Imports By Technology, 1999-2007 (peak kilowatts): Crystalline Silicon, Thin-Film Silicon, And Concentrator Silicon
- Table 2-8 Value Of U.S. Photovoltaic Cell And Module Imports For The Top Ten Countries Of Origin, 2002-2009 (dollars)
- Table 2-9 U.S. Photovoltaic Cell Versus Module Imports By Major Country Of Origin, 2008 And 2009 (number and dollars)
- Table 2-10 Quantity U.S. Thermal Collector Supply By Source, 1987-2007 (square feet): U.S. Plant Shipments And Imports
- Table 2-11 U.S. Solar Thermal Collector Imports And By Technology, 1987-2007 (square feet): Low-Temperature, Medium-Temperature, And High-Temperature
- SOLAR TECHNOLOGIES AND RECENT INNOVATIONS
- Solar Technologies: Photovoltaic And Thermal Concentrators
- Solar Photovoltaic Technologies
- Thermal Concentrator Technologies
- Recent Trends In Crystalline Silicon Technologies
- Recent Trends In Thin-Film Technologies
- Developments In Organic (Plastic) Photovoltaics
- Recent Trends In Thermal Technologies
- SECTION 3 DOMESTIC SALES, END-USE MARKETS AND DISTRIBUTION
- Summary Of Major Findings
- U.S. Photovoltaic Sales And Installed Capacity Trends
- End-Use Markets And Usage
- Utility Market Trends
- Building Integrated Photovoltaics
- Residential System Costs
- Distribution Channels, Installers, And Financing
- Regional Markets
- Export Shipments
- Table 3-1 Value Of U.S. Photovoltaic Cell And Module Sales, 1997-2015 (dollars): Total, Modules, And Cells
- Table 3-2 Quantity U.S. Photovoltaic Cell And Module Sales, 1999-2015 (peak megawatts): Total, Modules, And Cells
- Table 3-3 U.S. Installed Base Of Photovoltaic Equipment And Average Selling Prices, 1998-2015 (megawatts and dollars)
- Table 3-4 U.S. Photovoltaic Cell And Module Sales By Market Sector And End-Use, 2002 And 2007 (peak kilowatts): Commercial, Residential, Electric Power, Industrial, And Transportation; Grid Interactive, Remote, Cells/Modules To OEM, Transportation, Water Pumping, Communication, Consumer Goods, And Health And Other
- Table 3-5 U.S. Photovoltaic Cell And Module Sales By Market Sector, End-Use Market, And Type Of Cell Technology, 2007 (peak kilowatts): Commercial, Residential, Electric Power, Industrial And Transportation; Grid Interactive, Remote, Cells/Modules To OEM, Transportation, Water Pumping, Communication, Consumer Goods, Health And Other; Crystalline Silicon, Thin-Film Silicon, And Concentrator Silicon
- Table 3-6 U.S. Solar Thermal Collector Manufacturer Domestic Sales By Market Sector And End-Use, 2006 And 2007 (square feet): Residential, Commercial, Industrial, And Electric Power; Pool Heating, Hot Water, Space Heating, Process Heating, Space Cooling, And Electricity Generation
- Table 3-7 Distribution Of U.S. Photovoltaic And Solar Thermal Collector Sales By Type Of Customer, 2007 (peak kilowatts and square feet): Installers, Wholesalers, End-Users, Retailers, Exporters, And OEM
- Table 3-8 U.S. Photovoltaic Cell And Module Sales By State Of Destination, 2007 (peak kilowatts)
- Table 3-9 U.S. Solar Thermal Collector Sales By State Of Destination, 2007 (square feet)
- Table 3-10 Value Of U.S. Photovoltaic Cell And Module Exports And Share Of U.S. Supply, 1987-2015 (peak kilowatts and dollars): Total, Modules, And Cells
- Table 3-11 Quantity U.S. Photovoltaic Cell And Module Exports, 1987-2010 (peak kilowatts): Total, Modules, And Cells
- Table 3-12 U.S. Photovoltaic Cell And Module Exports By Technology, 1999-2007 (peak kilowatts): Crystalline Silicon, Thin-Film Silicon, And Concentrator Silicon
- Table 3-13 Value Of U.S. Photovoltaic Cell And Module Exports For The Top Twelve Countries Of Destination, 2002-2009 (dollars)
- Table 3-14 U.S. Photovoltaic Cell Versus Module Exports By Major Country Of Destination, 2008 And 2009 (number and dollars)
- Table 3-15 U.S. Solar Thermal Collector Exports And By Technology, 1987-2007 (square feet): Low-Temperature, Medium-Temperature, And High-Temperature
- Table 3-16 Value Of U.S. Thermal Collector Exports For The Top Ten Countries Of Destination, 2007 (square feet)
- SECTION 4 U.S. SOLAR ENERGY CONSUMPTION AND FACTORS DRIVING DEMAND
- Summary Of Major Findings
- U.S. Solar Energy Consumption
- Solar Energy Usage By Type Of Facility
- U.S. Electric Energy Costs And Markets
- Solar Industry Incentives
- Table 4-1 U.S. Solar Energy Consumption And By Market, 1992-2015 (BTU): Residential And Nonresidential Buildings And Electric Utilities
- Table 4-2 U.S. Solar Thermal/PV Electricity Generation Capacity, 2002-2015 (megawatts)
- Table 4-3 U.S. Energy Production By Source, 1997-2015 (quadrillion BTU): Total, Coal, Natural Gas, Crude Oil, Nuclear, Hydro-Electric, And Other Renewables
- Table 4-4 U.S. Energy Consumption By Source, 1997-2015 (quadrillion BTU): Total, Coal, Natural Gas, Crude Oil, Nuclear, Hydro-Electric, Other Renewables, And Net Electricity Imports
- Table 4-5 U.S. Energy Imports By Source, 1997-2015 (quadrillion BTU): Total, Crude, Petroleum Products, Natural Gas, And Others
- Table 4-6 U.S. Energy Consumption By User Sector, 1997-2015 (quadrillion BTU): Residential, Commercial, Industrial, Transportation, And Electric Utilities
- Table 4-7 U.S. Average Retail Electricity Prices By End-Use Sector, 1997-2015 (quadrillion BTU): Total, Residential, Commercial, Industrial, And Transportation
- Table 4-8 U.S. Electricity Sales By End-Use Sector, 1997-2015 (kilowatt hours): Total, Residential, Commercial, Industrial, And Transportation
- Table 4-9 U.S. Consumer Spending On Household Energy And Price Trends, 1992-2015 (dollars and index)
- Table 4-10 U.S. Consumer Spending On Household Energy By Income And Region And Percent Of Total Household Income, 2007 (dollars and percent)
- Table 4-11 Average U.S. Retail Residential Electricity Prices By Region And State, January 2009 (cents per kilowatt hour)
- SECTION 5 SOLAR INDUSTRY PROFITABILITY AND THE COMPETITIVE ENVIRONMENT
- Summary Of Major Findings
- Number Of U.S. Competitors And Expansion Plants
- Global Sourcing
- U.S. Solar Industry Market Shares
- Industry Profitability And Pricing Pressures
- Developing A Competitive Advantage
- Table 5-1 Number Of U.S. Photovoltaic And Solar Thermal Collector Suppliers And Average Sales Per Company, 1997-2010 (number and dollars)
- Table 5-2 Employment In U.S. Solar Equipment Industry, 1998-2010 (number): Photovoltaic And Thermal Equipment Suppliers
- Table 5-3 Share Of U.S. Photovoltaic Cell And Module Sales For Ten Leading Suppliers, 2008 (percent)
- Table 5-4 Global Production Capacity For 26 Top Solar Product Manufacturers, 2008 (megawatts)
- Table 5-5 Announced U.S. Plant Investments In Solar Energy Production Facilities, 2009 (megawatts)
- Table 5-6 Global Research And Development Spending For 19 Companies, 2007-2009 (dollars)
- Table 5-7 Sales And Profit Trends For Twelve U.S.-Based Solar Energy Companies, 2004-2009 (dollars and percent)
- Table 5-8 Energy Conversion Device Sales By Country Of Customer, 2007-2009 (dollars)
- Table 5-9 Sales And Profit Trends For Eight European-Based Solar Energy Companies, 2004-2009 (dollars and percent)
- Table 5-10 Sales And Profit Trends For Nine Asian-Based Solar Energy Companies, 2004-2009 (dollars and percent)
- SECTION 6 PROFILES OF U.S.-BASED PHOTOVOLTAIC MANUFACTURERS AND LEADING FOREIGN-BASED SUPPLIERS
- BP Solar International, Ltd.
- Solar Products And Technologies
- Sales Trends And Market Share
- Canadian Solar
- Solar Products And Technologies
- Sales And Profit Trends
- Conergy Inc.
- Solar Products And Technologies
- Sales Trends And Market Share
- Emcore Corp
- Solar Products And Technologies
- Sales Trends, Profitability, And Market Share
- Energy Conversion Devices, Inc.
- Solar Products And Technology
- Manufacturing And Distribution
- Sale, Trends, Profitability, And Market Share
- Evergreen Solar, Inc.
- Solar Products And Technologies
- Manufacturing And Distribution
- Sales Trends, Profitability, And Market Share
- First Solar, Inc
- Solar Products And Technologies
- Manufacturing And Distribution
- Sales Trends, Profitability, And Market Share
- Global Solar Energy, Inc.
- Solar Products And Markets
- Manufacturing
- Q-Cells SE
- Solar Products And Technology
- Sales Trends, Profitability, And Market Share
- Sanyo Energy (U.S.A.) Corp
- Solar Products And Technologies
- Sales And Market Share
- SolarWorld California
- Solar Products And Technologies
- Sales Trends And Market Share
- Solyndra, Inc
- Solar Products And Technologies
- Manufacturing And Distribution
- SunPower Corp
- Solar Products And Technologies
- Manufacturing And Distribution
- Sales Trends, Profitability, And Market Share
- Suntech America
- Solar Products And Technologies
- Sales And Market Share
- SECTION 7 PHOTOVOLTAIC EQUIPMENT MANUFACTURER TRENDS
- Photovoltaic Equipment Sales Trends
- Leading Equipment Manufacturer Technologies
- Table 7-1 Sales Trends And Profit Margins For Three Photovoltaic Equipment Manufacturers, 2006-2009 (dollars and percent)
- PROFILES OF THREE PHOTOVOLTAIC EQUIPMENT MANUFACTURERS
- Applied Materials, Inc.
- Solar Products And Technologies
- Sales And Profit Trends
- Centrotherm Photovoltaics AG
- Solar Products And Technologies
- Sales And Profit Trends
- GT Solar International, Inc.
- Solar Products And Technologies
- Sales And Profit Trends
- SECTION 8 U.S. SOLAR PHOTOVOLTAIC CELL/MODULE AND THERMAL COLLECTOR MANUFACTURERS AND SUPPLIERS
- Table 8-1 U.S. Solar Photovoltaic Cell/Module Manufacturers And Suppliers
- Table 8-2 U.S. Solar Thermal Collector Manufacturers
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