Lucintel’s analysis of the global solar PV industry claimed that the compound annual growth rate in installations from 2011 to 2016 would be 28%.
That would take the industry to a market value of $105 billion in that year, based on 33,600MW of installations.
Cumulative installations by the end of 2016 would be 190,800MW, Lucintel said.
In 2010, installations were 16,565MW, valued at $75 billion.
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