Solar PV - new installed capacity worldwide 2000-2018

The solar photovoltaic (PV) market has seen enormous growth in recent years and in 2018, more solar PV capacity was added than all other renewable sources combined. Global solar PV capacity reached 102.4 gigawatts in this year, with the Asia Pacific region and China as leaders in the global market. One of the main reasons for solar’s dominance is due to decreasing generation costs. However, prices can vary by region, where solar power prices tend to be much higher in developing countries than in other countries. The growth in the solar market represents a shift of global markets towards renewable and distributed energy technologies.

Largest solar markets

As of 2018, China had over 176 gigawatts of solar PV capacity installed, however, China’s utility-scale solar subsidy program was halted in May 2018, and experts project that the market demand will slow. The United States has the next largest solar market in the world, with a cumulative solar PV capacity of almost 50 gigawatts in 2018. Utility-scale installations continue to dominate the U.S. market and account for most installations.

Global new installed solar PV capacity from 2000 to 2018

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

only $59 / month *
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in

Release date




Survey time period

2000 to 2018

Supplementary notes

Figures prior to 2017 are taken from previous reports.

Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 / Month *
Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract; Prices do not include sales tax.

Statistics on "Global solar photovoltaic industry"

Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.