Photovoltaic bracket statistical report

What is the growth rate of photovoltaics market in 2019?

Photovoltaics is a fast growing market: The Compound Annual Growth Rate (CAGR) of cumulative PV installations including off-grid was 35% between year 2010 to 2019. Concerning PV module production in 2019, China (mainland) hold the lead with a share of 66%, followed by Rest of Asia-Pacific & Central Asia (ROAP/CA) with 18%.

How much is the photovoltaic market worth?

The photovoltaic market is forecast to have a value of 251.4 billion U.S. dollars by 2030, growing at a CAGR of 10.1 percent from 2020 to 2030. Get notified via email when this statistic is updated. *Forecast. Access All Statistics.

What raster data is used to calculate photovoltaic power potential (pvout)?

The primary input is a global raster data layer, representing the long-term average of photovoltaic power potential (PVOUT), calculated by the Solargis approach. We consider a typical large-scale PV power plant.

How much does photovoltaics contribute to the world's electricity demand?

In total, PV contribution amounts to over 8% of the electricity demand in the world. Public policies with regards to photovoltaics tend to change as governments seek to promote solar or react to changing costs to investors or even state aid programs.

What is the IEA photovoltaic power systems programme?

The IEA Photovoltaic Power Systems Programme (IEA PVPS) is one of the TCPs within the IEA and was established in 1993. The mission of the programme is to “enhance the international collaborative efforts which facilitate the role of photovoltaic solar energy as a cornerstone in the transition to sustainable energy systems.”