Solar PV - Statistics & Facts

Global solar photovoltaic capacity has grown from around five gigawatts in 2005 to a approximately 509.3 gigawatts in 2018. Cumulative solar PV installations reached some 42.4 gigawatts in Germany alone. The value of the solar power market is expected to continue growing quickly. Solar energy technologies remain one of the most heavily funded renewable source.

The capacity of newly installed solar PV has continued to steadily grow over the last decades, with China being one of the largest market for solar cells and modules. China was home to nine of the world’s ten leading solar module manufacturers in 2017. The country’s share of the global installed photovoltaic capacity reached 54.1 percent in recent years. At this time, solar PV capacity only accounted for about one percent of the country’s energy output. However, China continues to place a larger focus towards moving to clean energy sources and is expected to continue adding solar capacity. Since the industry’s beginnings in the country, China has moved from a small, rural-oriented solar program to one of the largest markets in the world. The market may have largely emerged in the late 1990s when demand for solar panels in Germany began to rise.

Despite its quick rise globally, the number of solar installations in China has decreased largely due to a reduction in feed-in tariffs. The cost of solar PV modules continues to decrease in international markets. Thus, weaker demand and prices may put heavy pressure on some solar companies. The election of Donald Trump will likely alter the regulatory environment of the solar energy industry which may cause repercussions across the world.

Interesting statistics

In the following 5 chapters, you will quickly find the 24 most important statistics relating to "Global Solar Photovoltaics".

Global solar photovoltaic industry

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Important key figures

The most important key figures provide you with a compact summary of the topic of "Global Solar Photovoltaics" and take you straight to the corresponding statistics.

The global solar PV market

The U.S. solar PV market

Interesting Statista reports

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