By Kathie Zipp Solar photovoltaic (PV) installations saw a surge in global deployment reaching 75 GW in 2016, a 49% year-over-year growth. Looking ahead to 2021, demand growth will steady with PV slated to grow at a 6% compound annual growth rate (CAGR), with cumulative installations reaching nearly 800 GW by 2021, according to Lux Research, a leading provider of intelligence services, helping clients drive growth through technology innovation.
Geographical distribution of PV deployment has shifted away from European markets since 2009, and in 2016 was dominated by China, which had a 46% share of all installations. Now it is set to shift again,
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