DSC Solar Technologies: Global Markets
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The global market for installed photovoltaic power reached 42,000 MW in 2014. The market is expected to reach 70,000 MW by 2020 from 50,000 MW million in 2015, increasing at a compound annual growth rate (CAGR) of 70.0% from 2015 to 2020.
Silicon monocrystalline technology is expected to grow from 22,500 MW in 2015 to 28,000 MW in 2020 at a CAGR of 4.5% for the period 2015-2020.
CIGS technology will grow from 1,500 MW in 2015 to 9,000 MW in 2020 at a CAGR of 43.1% for the period 2015-2020.