China, Japan and the US – the largest consumers of Solar PV Modules in 2015

Global annual installations increased considerably to 48.67 GW in 2015, due to a rise of installations in China, Japan, the US and India. China became the largest consumer of solar Photovoltaic (PV) modules in 2015 – overtaking Japan and the US. Annual installations in China grew from 500 Megawatts (MW) in 2010, to 18.43 GW in 2015, while Japan and the US held the second and third largest annual installations, with around 10 GW and 6.2 GW respectively. China held around 30% of the world’s crystalline silicon (c-Si) installed capacity share, followed by Japan with a 25% share, while in the thin-film market the US contributed to about 40% of the world’s installed capacity, followed by Japan with a 31% share. Annual additions grew moderately in the US and Japan, while they fell sharply in Italy and Germany.

GlobalData’s latest report “Solar PV Module Market, Update 2015 – Market Size, Average Price, Market Share and Key Country Analysis to 2020”  provides detailed information on the current solar PV module market, focusing on key countries as well as the global scenario. The report analyses annual module installation trends, module production volume and capacity, module production share, average module price and market size for global and key countries.

Published: Jan’16 – Single user price: $3,996

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