But the largest reason for the expected U.S. Prices for solar panels and other components continue to fall. The largest market for solar photovoltaics will be China, with 180 gigawatts of total capacity installed by the end of 2020, followed by the U.S. Berlin-based research firm Apricum forecasts that 54 gigawatts will be installed worldwide in 2015, with new capacity additions reaching 92 gigawatts by 2020. Worldwide, growth in solar installations is expected to rival the boom occurring in the United States. GTM Research forecasts that the market will more than double next year, reaching 15.4 gigawatts of solar power installed in 2016. That, however, is just a trickle compared to the flood of new projects expected to come online in 2016. ![]() ![]() In all, about 7.4 gigawatts of solar photovoltaics will be built in 2015, surpassing last year’s record total of 6.3 gigawatts, according to a new report released on December 9 by the Solar Energy Industries Association and produced by GTM Research. The United States solar market is wrapping up the best three-month period in its history, with a total of three gigawatts worth of solar photovoltaics capacity forecast to be installed from October through the end of the year.
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