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Solar is the most abundantly available permanent energy source on earth. The energy content of solar radiation can be optimally utilized by using solar technologies such as Solar Photovoltaic (PV). The global solar PV market has observed tremendous growth over the years with the total installed capacity augmenting from 1.3 GW in the year 2001 to 15.2 GW by 2008.
The Global Solar Industry, Market Size and Growth
Solar PV is the world’s fastest growing energy source. From 1.3 GW in the year 2001, the global solar PV installed capacity reached to 15.2 GW by 2008, growing at a CAGR of 42.6%. The stupendous growth observed by the global Solar PV market has been affected by the perilous financial crisis. The impact of the financial crisis will be witnessed in the year 2009 with the dip in the annual solar PV installations of most of the countries engaged in the Solar PV electricity generation.
This latest solar power data and analysis was taken from the research report "Global Solar Photovoltaic Market Analysis and Forecasts to 2020published by Global Markets Direct - for more information on this report, Click Here

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