Solar PV - Statistics & Facts

Solar PV - Statistics & Facts

Statistics and Facts about the Global Solar PV Industry

Global solar photovoltaic capacity has grown from around four gigawatts in 2004 to over 102 gigawatts in 2012. In that year, cumulative solar PV installations reached some 32.4 gigawatts in Germany alone. By 2015, the residential solar PV market in the United States is projected to be worth around 3.7 billion U.S. dollars.

In 2012, the global market for solar photovoltaic manufacturing was sized at just under 80 billion U.S. dollars, with China being the largest market for solar cells and modules. China was home to six of the world’s ten leading solar module manufacturers in 2012. In 2011, the country’s share of the global photovoltaic market reached 50 percent, thus eclipsing the revenue generated by Germany’s PV industry, which saw major companies leaving the market over the past four years, including Sunfilm and Q-Cells. As a result of the price war initiated by Chinese firms, the United States imposed anti-dumping tariffs against several Chinese manufacturers in 2012, while the European Union set a price floor on solar modules at 56 euro cents (or approximately 74 U.S. dollar cents) in 2013.



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