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Worldwide demand for solar photovoltaics outlook 2015-2024
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Worldwide demand for solar photovoltaics outlook 2015-2024
Forecast of demand for solar photovoltaic power globally from 2015 to 2024 (in gigawatts)*
by T. Wang,
last edited
Aug 21, 2019
This statistic represents the demand for solar photovoltaic (PV) power worldwide from 2015 to 2018 with a forecast for 2019 to 2024. In 2024, solar PV demand is expected to total 125.2 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 2018, the largest solar PV power plants were predominantly from the India. The Bhadla Industrial Solar Park in India represented one the world’s largest solar photovoltaic power plant with a capacity of 2.26 gigawatts.
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 2018, China and the United STates were the world’s leader in terms of newly installed solar PV capacity. China accounted for around 45 percent of the world’s total new installed grid-connected PV capacity, with United States and India ranked second at 11 percent each. Global cumulative installed solar PV capacity increased more than twofoldbetween 2015 and 2018 to approximately 509,000 megawatts. China, the United States, Japan, and Germany were the most important markets for solar photovoltaic installations at the end of 2018.
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by T. Wang,
last edited
Aug 21, 2019
This statistic represents the demand for solar photovoltaic (PV) power worldwide from 2015 to 2018 with a forecast for 2019 to 2024. In 2024, solar PV demand is expected to total 125.2 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 2018, the largest solar PV power plants were predominantly from the India. The Bhadla Industrial Solar Park in India represented one the world’s largest solar photovoltaic power plant with a capacity of 2.26 gigawatts.
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 2018, China and the United STates were the world’s leader in terms of newly installed solar PV capacity. China accounted for around 45 percent of the world’s total new installed grid-connected PV capacity, with United States and India ranked second at 11 percent each. Global cumulative installed solar PV capacity increased more than twofoldbetween 2015 and 2018 to approximately 509,000 megawatts. China, the United States, Japan, and Germany were the most important markets for solar photovoltaic installations at the end of 2018.
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- Release date
- August 2019
- Region
- Worldwide
- Survey time period
- 2015 to 2018
- Supplementary notes
- * Figures between 2019 and 2024 are projection.
Source
- Show sources information
- As a Premium user you get access to the detailed source references and background information about this statistic.
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- Release date
- August 2019
More information
- Region
- Worldwide
- Survey time period
- 2015 to 2018
- Supplementary notes
- * Figures between 2019 and 2024 are projection.
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Statistics on "Global solar photovoltaic industry"
- Overview
The most important statistics
- Global new installed solar PV capacity from 2000 to 2018 (in megawatts)Solar PV - new installed capacity worldwide 2000-2018
- Largest solar photovoltaic power plants worldwide as of August 2018, by capacity (in megawatts)World's largest solar PV power plants worldwide 2018
- Distribution of cumulative solar photovoltaic installations globally as of 2017, by region*Cumulative share of solar PV installations worldwide by region 2017
- Percentage of new installed solar PV capacity worldwide in 2018, by countrySolar PV capacity - new installations worldwide by country 2018
- Cumulative solar photovoltaic capacity globally as of 2018, by select country (in gigawatts)Global cumulative solar PV capacity by select country 2018
- Leading countries based on global share of solar energy consumption in 2018*Countries with the highest share of solar consumption 2018
- Solar PV market
The most important statistics
- Global investment in solar energy technologies from 2004 to 2017 (in billion U.S. dollars)Renewable energy - investment in solar energy technologies 2004-2017
- Major solar companies in FY 2018, based on revenue (in million U.S. dollars)Solar industry - revenue of major firms 2018
- Ranking of solar companies based on market capitalization globally as of November 29, 2018 (in million U.S. dollars)Global solar firms based on market capitalization 2018
- Global market share of solar module manufacturers based on revenue in 2017*Solar PV module manufacturers - market share based on revenue 2017
- Leading solar module manufacturers worldwide in 2017, based on production (in megawatts)*The world's biggest solar module manufacturers: production 2017
- Cost of solar
The most important statistics
- Levelized cost of electricity for solar photovoltaics globally as of 2018, by select country (in U.S. dollars megawatt hour)*Global LCOE in solar PV systems by key country 2018
- Benchmark capital expenditure for utility-scale solar photovoltaics worldwide from 2010 to 2018 (in U.S. dollars per watt)*Global benchmark capex for utility-scale solar PV 2010-2018
- Average installed cost for solar photovoltaics worldwide from 2010 to 2018 (in U.S. dollars per kilowatt)*Global solar PV installed cost 2010-2018
- Average installation cost for utility-scale solar PV systems worldwide from 2010 to 2017 (in U.S. dollars per kilowatt)*Global solar PV installation cost 2010-2017
- Average installation cost for concentrated solar power (CSP) worldwide from 2010 to 2018 (in U.S. dollars per kilowatt)*Global CSP installed cost 2010-2018
- Solar components
The most important statistics
- Annual solar module production globally from 2000 to 2017 (in megawatts)Global module manufacturing production 2000-2017
- Leading solar PV manufacturers based on module shipments 2018 (in gigawatts)Global solar companies based on PV cell and module shipments 2018
- Leading solar module manufacturers worldwide in 2017, based on production (in megawatts)*The world's biggest solar module manufacturers: production 2017
- Market share of the solar PV inverter market worldwide in 2018, based on shipmentsGlobal PV inverter market share by shipments 2018
- Outlook
The most important statistics
- Forecast new worldwide installations of solar PV capacity from 2013 to 2023 (in gigawatts)*New installations of solar PV capacity - forecast 2013-2023
- Forecast of cumulative installations of solar PV capacity worldwide from 2015 to 2023 (in gigawatts)Total global solar PV capacity forecast 2015-2023
- Projected new installations of solar PV capacity worldwide between 2019 and 2023, by select country (in gigawatts)Global new solar PV capacity forecast by select country 2019-2023
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Further Content: Statistics, Studies, and Topic Pages
Statistics
- Key country's demand for solar PV 2014
- Worldwide demand for solar photovoltaics 2009-2014
- U.S. demand for solar photovoltaics outlook 2007-2020
- Canada's demand for solar photovoltaics outlook 2009-2020
- U.S. build of solar PV under current policy by segment 2011-2022
- U.S. cumulative build of utility-scale solar photovoltaics 2009-2014
- Global benchmark capex for utility-scale solar PV 2010-2018
- U.S. venture capital/private equity solar PV investment 2009-2018
- Latin America's projected demand for solar PV by country 2015-2021
- Latin America's installed solar PV capacity 2010-2021
- U.S. states' co-located solar PV and storage projects 2018
- New Brunswick's photovoltaic power capacity 2012-2016
- Alberta's utility-connected photovoltaic power systems 2012-2016
- Global utility-scale solar PV O&M market by plant activation year pre-2010-2014
- U.S. export shipments of PV cells and modules to Central America
- United States: solar energy demand 2008-2012
- U.S. photovoltaic module exports: shipments to European countries '12
- Germany: solar energy demand 2008-2012
- China: solar energy demand 2009-2012
Studies
- Solar power industry in Europe
- Global solar photovoltaic industry
- Solar photovoltaic industry in the United States
- Renewable energy in Australia
- Hanwha Corporation - 2018 Annual Report
- National Survey Report of Photovoltaic Applications in Italy 2017
- IEA Photovoltaic Power Systems Programme - Annual Report 2017
- Tracking the Sun - 2018 Edition
- Solar photovoltaic industry in the UK
- Renewable energy in Germany
- Renewable Energy in Europe
- Renewable energy in the United Kingdom (UK)
- Hydropower industry
- Renewable energy in Italy
- Hydropower in the UK
Statistics on "Global solar photovoltaic industry"
- Global new installed solar PV capacity from 2000 to 2018 (in megawatts)
- Largest solar photovoltaic power plants worldwide as of August 2018, by capacity (in megawatts)
- Distribution of cumulative solar photovoltaic installations globally as of 2017, by region*
- Percentage of new installed solar PV capacity worldwide in 2018, by country
- Cumulative solar photovoltaic capacity globally as of 2018, by select country (in gigawatts)
- Leading countries based on global share of solar energy consumption in 2018*
- Global investment in solar energy technologies from 2004 to 2017 (in billion U.S. dollars)
- Major solar companies in FY 2018, based on revenue (in million U.S. dollars)
- Ranking of solar companies based on market capitalization globally as of November 29, 2018 (in million U.S. dollars)
- Global market share of solar module manufacturers based on revenue in 2017*
- Leading solar module manufacturers worldwide in 2017, based on production (in megawatts)*
- Levelized cost of electricity for solar photovoltaics globally as of 2018, by select country (in U.S. dollars megawatt hour)*
- Benchmark capital expenditure for utility-scale solar photovoltaics worldwide from 2010 to 2018 (in U.S. dollars per watt)*
- Average installed cost for solar photovoltaics worldwide from 2010 to 2018 (in U.S. dollars per kilowatt)*
- Average installation cost for utility-scale solar PV systems worldwide from 2010 to 2017 (in U.S. dollars per kilowatt)*
- Average installation cost for concentrated solar power (CSP) worldwide from 2010 to 2018 (in U.S. dollars per kilowatt)*
- Annual solar module production globally from 2000 to 2017 (in megawatts)
- Leading solar PV manufacturers based on module shipments 2018 (in gigawatts)
- Market share of the solar PV inverter market worldwide in 2018, based on shipments
- Forecast new worldwide installations of solar PV capacity from 2013 to 2023 (in gigawatts)*
- Forecast of cumulative installations of solar PV capacity worldwide from 2015 to 2023 (in gigawatts)
- Projected new installations of solar PV capacity worldwide between 2019 and 2023, by select country (in gigawatts)
- Demand for solar photovoltaic power worldwide in 2014, by major country (in gigawatts)
- Demand for solar photovoltaic power globally from 2009 to 2014 (in gigawatts)
- Forecast of demand for solar photovoltaic power in the U.S. from 2007 to 2020 (in megawatts)
- Forecast of demand for solar photovoltaic power in Canada from 2009 to 2020 (in megawatts)
- Outlook of solar photovoltaic build under current policies from 2011 to 2022, by customer segment (in gigawatts)
- Cumulative build of utility-scale solar photovoltaic power from 2009 to 2014 (in gigawatts)
- Solar PV venture capital or private equity investments in the U.S. from 2009 to 2018 (in billion U.S. dollars)
- Market share projection of solar photovoltaic demand in Latin America from 2015 to 2021, by country
- Annual installed capacity of solar photovoltaic power in Latin America from 2010 to 2021 (in megawatts)*
- Capacity of announced and commissioned co-located solar and storage projects in the U.S. in 2018, by select state (in megawatts)
- Solar energy capacity in New Brunswick from 2012 to 2016 (in megawatts)
- Number of utility-connected solar PV systems in Alberta from 2012 to 2016
- Distribution of utility-scale photovoltaics O&M market globally from pre-2010 to 2014, by plant activation year
- Total U.S. export shipments of photovoltaic cells and modules to selected Central American countries in 2009 (in peak kilowatts)
- Solar energy demand in the U.S. from 2008 to 2012 (in gigawatts)*
- U.S. export shipments of photovoltaic modules to selected European countries in 2012, by country (in peak kilowatts)*
- Solar energy demand in Germany from 2008 to 2012 (in gigawatts)*
- Solar energy demand in China from 2009 to 2012 (in gigawatts)*
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