Inventory Photovoltaic Panel Market

How do we provide a global inventory of PV installations?

Here we provide a global inventory of commercial-, industrial- and utility-scale PV installations (that is, PV generating stations in excess of 10 kilowatts nameplate capacity) by using a longitudinal corpus of remote sensing imagery, machine learning and a large cloud computation infrastructure.

How has the PV industry changed over the last quarter?

Across the four different market segments, labor and engineering costs have increased anywhere from 5-25%. Equipment component costs have also been increasing over the last few quarters due to the rise in inflation. National PV system prices are up across all segments except for the commercial segment, which witnessed a drop of 2% year over year.

How many PV solar installations are there in the world?

The resulting dataset expands the previous publicly available facility-level data for PV solar energy by 432% (in number of facilities), including 18,449 new installations in China, 9,906 in Japan, 4,525 in the United States, 2,021 in India and 17,918 in the European Economic Area.

How many GW of PV modules were produced in 2023?

In 2023, the United States produced about 7 GW of PV modules. U.S. PV Imports According to U.S. Census data, 55.6 GW dc of modules and 3.7 GW dc of cells were imported in 2023, an increase of 87% y/y and 46% y/y, respectively.

Why did PV module prices fall in 2022?

After several years of tension on material and transport costs, module prices plummeted in a massively over-supplied market, maintaining the competitivity of PV even as electricity prices decreased after historical peaks in 2022. Major trends include:

What is a 'commercial and industrial' PV installation size?

We adapt our definitions of PV installation sizes from the IEA 10, where ‘commercial and industrial’ installations are defined as those between 10 kW and 1 MW in nameplate capacity, and ‘utility-scale’ as installations in excess of 1 MW.