The Global Market Outlook for Photovoltaics 2013-2017 includes PV market figures for 2012 and makes forecasts for the next five years for global and European markets. The PV market has grown over the past decade at a remarkable rate - even during difficult The year 2012 was another historic one for solar photovoltaic (PV) technology, which has experienced remarkable growth over the past decade and is on the way to becoming a mature and mainstream source of electricity. The world's cumulative PV capacity surpassed the impressive 100-gigawatt (GW) installed electrical power mark, achieving just over 102 GW. This capacity is capable of producing as much annual electrical energy as 16 coal power plants or nuclear reactors of 1 GW each. Each year these PV installations save more than 53 million tons of CO2. economic times - and is becoming a major source of power generation for the world.