#growth_of_photovoltaics
Growth of photovoltaics
Worldwide growth of photovoltaics
Between 1992 and 2023, the worldwide usage of photovoltaics (PV) increased exponentially. During this period, it evolved from a niche market of small-scale applications to a mainstream electricity source. From 2016-2022 it has seen an annual capacity and production growth rate of around 26%- doubling approximately every three years.
Sat 10th
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