According to the latest report from IMS Research, PV installations in the USA in the first half of the year have reached 1.7GW, a growth of over 120% compared with the same period a year ago. With utility-scale projects typically back-end loaded, the market research firm expects installations to reach nearly 4.3GW in 2012. As a result of the massive increase in US demand, the country is expected to become the third largest PV market in 2012, accounting for 40% of new capacity growth. It its Q3 PV Demand Report, IMS predicted that the boom in the USA is expected to support the global PV market to grow by at least 3GW in 2012, despite the EU market declining by 3GW in 2012, which is being driven by FiT cuts in key markets, namely Germany and Italy. Indeed, global demand is set to accelerate in the second half of 2012, driven by China, Japan and the Americas.
