Photo: SolarCity

11.7GW of US PV in 2019: Lux

The US will remain among the world’s fastest growing large solar markets in the half-decade to come, as part of an anticipated solar boom across the whole of the Americas, according to Lux Research.

26 August 2014 13:50 GMT Updated 27 September 2016 5:59 GMT

By Karl-Erik Stromsta in New York

The US solar market will hit 11.7GW in 2019, compared to the roughly 4.7GW installed last year, according to Boston-based Lux.

The South American market will grow even faster, albeit from a lower base, reaching 2.5GW in 2019.

Taken together, the Americas region will see its solar market grow at a compound annual growth rate of 16.3%.

By comparison, Asia-Pacific will grow at an annual rate of 8.2%.

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