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ALBANY, New York,
April 10, 2013 /PRNewswire/ --
According to a new market report published by Transparency Market Research (
Solar Photovoltaic (PV)Installation Marketby Grid Type (Grid-connected, Off-grid), by Technology (Thin film PV, Crystalline PV, Others), by End Use (Residential, Commercial, Utility-scale)-Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," the global solar PV installation was 29.6 GW in 2011 and is expected to reach 60.05 GW in 2018, growing at a CAGR of 10.7% from 2012 to 2018. In terms of revenue, the market is expected to grow at a CAGR of 5.6% from 2012 to 2018.