Worldwide demand for solar photovoltaics outlook 2007-2022
Forecast of demand for solar photovoltaic power globally from 2007 to 2022 (in gigawatts)*
This statistic represents the demand for solar photovoltaic (PV) power worldwide from 2007 to 2016 with a forecast for 2017 to 2022. In 2017, solar PV demand is expected to total 85 gigawatts around the world. The United States has started a process to implement taxes on solar products from China and Taiwan, which has initiated trade disputes around the world.
Solar energy demand – additional information
Worldwide solar photovotalic (PV) power demand has been experiencing exponential growth in the last decade. During this period, PV evolved from a niche market of small scale applications to becoming one of the main renewable electricity sources. Solar photovoltaics systems today are recognized as a promising renewable energy technology. As of the beginning of 2016, the largest solar PV power plants were predominantly from the United States. Charanka Solar Park in India represented one the world’s largest solar photovoltaic power plant with a capacity of 345 megawatts.
For several years, the growth of solar PV was mainly driven by Germany and other pioneering European countries. Cost of solar declined significantly due to improvements in technology and economies of scale when production of solar cells and modules began to ramp up around the world due to rising solar PV demand. As of 2015, China and Japan were the world’s leader in terms of newly installed solar PV capacity. China accounted for around 30 percent of the world’s total new installed grid-connected PV capacity, with Japan ranked second at 22 percent. Global cumulative installed solar PV capacity increased by more than fivefold between 2010 and 2015 to almost 230,000 megawatts. China, Germany, Japan, United States and Italy were the most important markets for solar photovoltaic installations at the end of 2015.
Forecast of demand for solar photovoltaic power globally from 2007 to 2022 (in gigawatts)*
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