Data and Facts

Photovoltaics Report

Dr. Simon Philipps, Fraunhofer ISE and Werner Warmuth, PSE Projects GmbH | Last updated: July 29, 2024

Photovoltaics is a fast growing market: The Compound Annual Growth Rate (CAGR) of PV installations was about 26% between 2013 to 2023. The intention of the »Photovoltaics Report« is to provide up-to-date information on the PV market and on efficiencies of solar cells, modules and systems. Moreover, data on inverters, energy payback time and price developments are presented.