What is a snapshot of global PV markets?

This 12th edition of the “Snapshot of Global PV Markets” aims at providing preliminary information on how the PV market developed in 2023. The 29th edition of the PVPS complete “Trends in Photovoltaic Applications” report will be published in Q4 2024.

Are PV market estimates valid?

are valid at the date of publication and should be considered as estimates in several countries due to the publication date. After a year of market stabilization, preliminary reported market data shows a global annual PV market at a slightly higher level than 2018 and 2017.

How big is solar PV mounting systems market?

Solar PV Mounting Systems Market size surpassed USD 21.24 billion in 2023 and is anticipated to expand at 3.6% CAGR from 2024 to 2032. Rising off-grid solar installation throughout emerging nations, coupled with higher investments in the public & private sectors for the deployment of renewable solutions, will propel business scenario.

How big is the global PV market?

After a year of market stabilization, preliminary reported market data shows a global annual PV market at a slightly higher level than 2018 and 2017. At least 114,9 GW of PV systems have been installed and commissioned in the world last year. The total cumulative installed capacity for PV at the end of 2019 reached at least 627 GW.

How did the global PV market perform in 2019?

Asian markets represented around 57% of the global PV market in 2019, a significant decrease compared to levels experienced in previous years. In the Americas, the market increased slightly, mainly through the US market which experienced accelerated growth (13,3 GW) in 2019.

When will PVPS complete 'trends in photovoltaic applications' report be published?

The 26th edition of the PVPS complete “Trends in Photovoltaic Applications” report will be published in Q4 2020. In 2019, the PV market broke the 100 GW threshold for the third time in a row and the market grew 12% YoY.