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

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Source

Release date

2019

Region

Worldwide

Survey time period

2000 to 2018

Supplementary notes

Figures prior to 2017 are taken from previous reports.

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Statistics on "Global solar photovoltaic industry"

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