What Is the Reasonable Growth Rate of Photovoltaic Panels? Data-Driven Projections for 2025-2030
Global photovoltaic (PV) panel installations hit 430 GW in 2024 according to CPIA reports , but here's the kicker—manufacturing capacity already exceeds 1,050 GW . This supply-demand imbalance has pushed module prices down 20-40% since January 2024 , creating both opportunities and challenges. China continues dominating production with 84.8% market share in solar components , while emerging markets like Brazil and Saudi Arabia show 35% year-over-year demand growth .
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