
According to a new market report published by Transparency Market Research "Solar Photovoltaic (PV) Installation Market by 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.