The booming revival of solar industry is the sign of global awareness from its diversified and prominent attributes. This promising sector has its roots infused into the socio-economic structure of every state. By the year 2013, the solar industry has broken all of its past records by mounting their growth rate at 41% that gives more exposure to the industry. According to world metrological organization, “This is the great news as emissions have already encircled the environment by posing injurious impacts over the society and in 2013, these carbon emissions has become more strengthen at a robust pace since 30 years.” The report also enlightens the facts that greenhouse gases have also been emerged and grew by 142% relatively to 1750, when the industry revolution didn’t commence.
The Obama administration and EPA have passed certain regulations for reducing carbon emission primarily generated through exploiting coal energy, considering largest producer of carbon pollution that tends to be liable by 30% till 2030. Therefore, research firms have taken a study and come up at a consensus point renewable energy sector such as solar system, wind turbines are the best solution to overcome on severe carbon emissions but the adoption rate is still not as high as expected. However, the renewable energy sector is moving at right direction.
Following are some of the most essential statistics to understand the stance of solar power industry that is continuously GROOMING:-
Industry got high penetration in 2011:
The solar industry has experienced dramatic boom as up to two-third of the global solar capacity was equipped with Solar PV in the year 2011. It is comparatively notable trend because; the industry generated only 50 gigawatts from solar energy during the last four decades as reported by Green tech media.
Solar energy adds up 20% more employment in the U.S:
According to research organization, the solar power sector has augmented the employment by 20% in the U.S reflecting high growth rates as compared to 2012. The report also reveals that solar industry is a flourishing that has been raised by 53% in last four years, generating more than 50,000 employments injected into the U.S. economy. At this time, solar industry is catering the nation by offering 143,000 employment opportunities.
Frequency of Solar PV installation:
Currently, the solar PV is frequently installing at a gap of every 4 minutes all across the globe as stated by GTM research. The report also shed light over future prospects where it is forecasted, if the industry would be able to keep the grow with the same pace then by 2016, the frequency of solar PV installation will be more efficient setting up in every 20 seconds. That would be a great achievement since the time when one system used to install at every 80 minutes.
California dominates the solar industry:
California leads the market by positioning at a leader in the world of solar industry. As directed by state’s officials, the state is heavily funding to this industry by running 242000 solar projects that can make up 2279 megawatts through installed. Los Angeles is a leading city generating 238 megawatts, followed by San Diego contributing 182 megawatts. The subsequent leading states having huge solar power systems are classified as under:
- New York
- Georgia
- Arizona
- New Jersey
- North Carolina
- Texas
- Massachusetts
- Hawaii
U.S. is the Major Spot for advancing solar industry:
The US market was proven to be a heaven for solar industry where Photovoltaic installations grew by 41% in the year 2012. Solar energy is among the top energy production alternatives in the United States, where natural gas placed at first spot and 410 megawatts through concentrating solar power came online, according to Solar Market Insights Report of 2013.
We will discuss some more quick and essential stats for solar industry in our forthcoming article for better understanding the clear stance of the industry.
