Solar Energy Industry Statistics: Growth
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Solar Energy Growth


Solar Electric Energy demand has grown consistently by 20-25% per annum over the past 20 years. This has been against a backdrop of rapidly declining costs and prices.

This decline has been driven by a) increasing efficiency of solar cells b) manufacturing technology improvements, and c) economies of scale. The photovoltaic solar industry now globally generates around $10bn revenues. This includes the sale of solar modules, its associated equipment and the installation of those systems. In 2001, just under 350 Megawatts of solar equipment were sold to add to the solar equipment already generating clean energy.

In 2005, 1,460 Megawatts of PV were installed. This increased to 1744 Megawatts in 2006.

Rapid growth of on-grid sales in 2003 led them to be almost double those to off-grid customers, including both industrial (including telecommunications) and habitational applications (mainly in developing countries). In both these off-grid markets, solar power is the 'fuel of choice', and is usually fully justified by its own economics.

The majority of on-grid applications are 'distributed' - namely solar installed at the point of use (e.g. residential and commercial buildings).

The largest on-grid market by far to date has been Japan, where demand has been stimulated by large government funding programs. This is followed by Germany, where grid-connected applications are also stimulated by major market incentive programs.

Centralized on-grid applications are those of utilities for inclusion with their portfolio of primary energy sources. The best examples of these installations are in Italy, USA and Spain. However, they are few and far between and are generally heavily subsidized pilot facilities.




Cumulative installed PV power by application area in IEA reporting countries (MWp).
Source: IEA


The European Photovoltaic Industries Association (EPIA) represents the PV industry in Europe. Its latest views on the future, the European PV Road Map may be found at this link.

Companies


There a four major manufacturers of solar modules. They are Sharp, Kyocera, BP Solar, and Shell Solar.  Together, these four companies represent over 50% of solar electric module production.  Sharp and Kyocera have major cell manufacturing facilities in Japan.  BP Solar has cell manufacturing facilities in Australia, India, Spain and the USA. 
Shell Solar's main cell manufacturing facilities are in the United States and Germany. 

The fastest growing of the major manufacturers in recent years has been Sharp Electronics. The pie chart below is measured in Megawatts manufactured in 2003. The annual world PV market review, Marketbuzz 2007 addresses this matter and updates the data to 2006 in detail.

Year: 2003

Solar Energy Growth
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