Albany, New York, October 20, 2014: As governments and the industry focus on harnessing the maximum potential of solar energy in view of mounting energy demand, the solar photovoltaic (PV) installation market will receive a massive impetus. A latest report by Transparency Market Research reveals that the solar PV installation market will be worth US$145.9 billion by 2018, charting a CAGR of 10.7% between 2012 and 2018.
Browse Report :http://www.transparencymarketresearch.com/solar-photovoltaic-market.html
According to the findings of the market research report, in 2011 the global solar photovoltaic installation market was recorded at 29.6 gigawatts. The market, with an estimated growth rate of CAGR of 10.7%, will likely have installed capacity of 60.05 gigawatts by 2018. In revenue terms, the global market for solar photovoltaic (PV) installation is projected to be valued at US$145.9 billion by 2018.
The key growth drivers in the solar PV installation market, according to the report,
