22nd Edition - 2017

2016 was a record year which saw the PV market jumping to 76 GW for the very first time. It has confirmed the global PV markets trends and the consolidated market development observed since 2013. The rise of PV markets in Asia and Americas has been confirmed, with China installing more than 34,55 GW alone. Overall, more than 65 GW of PV were installed in the IEA PVPS member countries during 2016, whereas the global PV market is estimated to stand just below 76 GW. The global installed total PV capacity is estimated at roughly 303 GW at the end of 2016 and will have reached close to 400 GW at the end of 2017.

PV modules and system prices have seen again a significant decline, pushed by industry overcapacities but also extremely competitive tenders on all continents. On the industry supply side, production increased again whereas competition remains high. Policy support continues to be relevant but is quickly moving towards new more market-oriented business models, even if feed-in tariffs and similar financial incentives remain the main driving force.

In many regions of the world, PV is becoming the cheapest option for electricity generation from not only new renewable energy technologies but also all conventional technologies. With bids close to 20 USD/kWh, PV has the potential to become the cheapest source of power generation everywhere in the coming years. All of these developments are accompanied by continuous technology evolution, making PV a growing player in the energy field. With its rising level of penetration within electric grids, PV is more and more affecting electricity systems as a whole and the integration into various technical and economic environments becomes crucial. Quantitatively, the number of countries experiencing PV as an essential part of their electricity supply is increasing, with more than 30 countries covering more than 1% of their electricity supply from PV, and PV has in sight a share of 2% of the global electricity supply. Altogether, these are encouraging signs of a maturing industry which is however only at the early beginning of its future market relevance, with many developments expected in the building and transport sector.

Learn all about the details of this exciting development by reading through our 22nd edition of the Trends Report!

Trends 2017 - Interactive Maps

Report Scope and Ob­jective

As part of the work of the IEA PVPS Programme annual surveys of photovoltaic (PV) power applications and markets are carried out in the reporting countries. The objective of the Trends reports is to present and interpret developments in the PV power systems market and the changing applications for these products within that market. These trends are analyzed in the context of the business, policy and non-technical environment in the reporting countries.


This report is prepared to assist those responsible for developing the strategies of businesses and public authorities, and to aid the development of medium term plans for electricity utilities and other providers of energy services. It also provides guidance to government officials responsible for setting energy policy and preparing national energy plans.


The scope of the report is limited to PV applications with a rated power of 40 W or more. National data supplied are as accurate as possible at the time of publication. Accuracy of data on production levels and system prices varies depending on the willingness of the relevant national PV industry to provide data.


This report presents the results of the 20th international survey. It provides an overview of PV power systems applications, markets and production in the reporting countries and elsewhere at the end of 2016 and analyzes trends in the implementation of PV power systems between 1992 and 2016.

Survey Method

Key data for this publication were drawn mostly from national survey reports and information summaries, which were supplied by representatives from each of the reporting countries. These national survey reports can be found on this website. Information from the countries outside IEA PVPS are drawn from a variety of sources and, while every attempt is made to ensure their accuracy, confidence in some of these data is somewhat lower than applies to IEA PVPS member countries.

Markets, Industry, Power Sector

This year's edition focuses on the PV market developments, inside and outside the IEA PVPS network. Accurate data about industry developments and the progress of PV in the power sector are highlighted. With a focus on support policies, this edition aims to delivering a wide set of information for policy makers, and all people interested in the drivers of PV development.