Solar Photovoltaic Cumulative Installations to Grow by Robust 33% CAGR (2010-2020) to Reach 732 Gigawatts
Industry Experts has today added a new market research report on Solar Photovoltaics. The report ‘ Solar Photovoltaic Installations – A Global Market Overview ’ reveals that the global annual photovoltaic installations is projected to grow by massive 24% CAGR during the period 2010-2020 to reach 146 Gigawatts by 2020 while global cumulative installations will reach 732 GW. Global cumulative operating capacity of solar photovoltaic (PV) installations crossed over 135 GW in 2013, driven primarily by Europe and significant late-year additions in Asia-Pacific. Declining prices has led to solar PV’s expansion in new markets, ranging from Africa and the Middle East region to Asia and Latin America. The year also witnessed growing interest in community-owned and self-generated PV systems, with the number and scale of large PV projected also going up. High levels of competition and declining prices and margins left PV cell and module manufacturers in a precarious position, l...