Global Photovoltaics (PV) Market

Regarding the executive Summary in the PHOTOVOLTAICS (PV) REPORT of the Fraunhofer Institute for Solar Energy Systems (ISE) with the support of the PSE GmbH the following facts can be drawn up (cf. Fraunhofer 2019, p. 5):

  • Between 2010 to 2018 the CAGR of PV installations was 36.8%.
  • In PV module production (2017) China&Taiwan hold the lead with 70% share;
  • Rest of Asia-Pacific & Central Asia (ROAP/CA) with 14.8%
  • Europe with share of 3.1%(4% in 2016)
  • USA/CAN with 3.7%0
  • In 2018 Europe contributed 25% (26% in 2017) to the total cumulative PV installations.
  • Installations in China accounted for 36% (32% in 2017).
  • In 2017, of the total production, Si-wafer based PV technology accounted around 95% and multi-crystalline technology now occupies 62% (70% in 2016).
  • Market shifts into competitive pricing models (Power Purchase Agreements PPA).
  • The importance of batteries and storage solutions is increasing.