Growth of photovoltaics

OverviewSolar PV nameplate capacityCurrent statusHistory of leading countriesHistory of market developmentSee alsoExternal links

Between 1992 and 2023, the worldwide usage of photovoltaics (PV) increased exponentially. During this period, it evolved from a niche market of small-scale applications to a mainstream electricity source. From 2016 to 2022, PV has seen an annual capacity and production growth rate of around 26%, doubling approximately every three years.

Solar Industry Research Data – SEIA

Solar energy in the United States is booming. Along with our partners at Wood Mackenzie Power & Renewables, SEIA tracks trends and trajectories in the solar industry that demonstrate the diverse

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Growth of photovoltaics

From 2016 to 2022, PV has seen an annual capacity and production growth rate of around 26%, doubling approximately every three years.

2023''s record solar surge explained in six charts

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