7th Edition - 2019

Preliminary reported market data shows a global annual PV market at a similar level as in 2017. At least 99,9 GW of PV systems have been installed and commissioned in the world last year. While these data will have to be confirmed in the coming months, some important trends can already be discerned:

  • The total installed capacity for PV crossed the 500 GW mark in 2018, or half a TW.
  • The global annual PV market was at least 97,9 GW in 2018. With non-IEA PVPS reporting countries, this number could grow up to 99,9 GW, compared to 76,4 GW in 2016 and 98,9 GW in 2017. The 2,0 GW difference comprises non-IEA PVPS markets countries such as most unreported African, Asian and Latin American countries.
  • This year saw the Chinese PV market contracting, from 53,0 to 45,0 GW. China is the leader in terms of total capacity with 176,1 GW installed.
  • Outside of China, the global PV market grew from 48,6 GW to 54,9 GW. 
    • India progressed significantly, as the annual market grew to 10,8 GW, becoming the second-largest PV market, including around 2 GW of distributed and off-grid installations.
    • The US market decreased slightly to 10,6 GW, with utility-scale installations accounting for roughly 60% of additions.
    • The European Union installed 8,3 GW and the rest of Europe added roughly 1,1 GW. The largest European market in 2018 was Germany (3,0 GW), followed by the Netherlands (1,3 GW), and France (862 MW).
    • Japan ranks fourth, with around 6,5 GW annual installed capacity.
    • Other markets increased spectacularly in 2018, especially Australia, with close to 3,8 GW, Mexico with close to 2,7 GW, Korea with 2,0 GW, followed by a declining Turkish market, still above 1,6 GW.
    • The MEA markets experienced growth, but a large part of this will be visible in 2019 when most plants will be commissioned, especially in the UAE and Egypt.
  • In the top 10 countries, there are now five Asia-Pacific countries (China, India, Japan, Australia and Korea), two European Union countries (Germany and the Netherlands) plus Turkey, and two countries in the Americas (the USA and Mexico).
  • The level to enter the top 10 markets in the world in 2018 was around 1,6 GW, the highest level ever and the first time significantly above the GW mark.
  • The top 10 countries represented 87% of the global annual PV market.
  • Honduras, Chile, Germany, Greece, Italy, Japan, Australia, India and Morocco now have enough PV capacity to theoretically produce more than 5% of their annual electricity demand with PV.
  • PV represents around 2,6 % of the global electricity demand and 4,3 % in Europe.
  • 32 countries had at least 1 GW of cumulative PV systems capacity at the end of 2018 and 10 countries installed at least 1 GW in 2018.

 

Report Scope and Ob­jective

The “Snapshot of Global Photovoltaic Markets” aims at providing preliminary information about how the PV market developed in the last year.

IEA-PVPS collects information from official governmental bodies and reliable industry sources. Information about countries outside the IEA-PVPS network is collected through the industry network, industrial associations, IRENA and REN21. The information is condensed in this snapshot report in order to provide the best preliminary overview of global PV market development.