Photovoltaics is a fast growing market: The Compound Annual Growth Rate (CAGR) of PV installations was about 27% between 2014 to 2024. The intention of the »Photovoltaics Report« is to provide up-to-date information on the PV market and on efficiencies of solar cells, modules. This is roughly the equivalent of adding China, the European Union and Japan's power generation capacity combined to the global energy mix. Solar PV accounts for almost 80% of the global increase, followed by wind, hydropower, bioenergy and geothermal. Moreover. For the 29th consecutive year, the IEA-PVPS Trends report is now available. This document provides the most comprehensive global overview of the development of the Photovoltaics sector, covering policies, drivers, technologies, statistics and industry analysis. · Global PV Installations: A. IEA PVPS has released its latest Trends in Photovoltaic Applications 2025 report, revealing that the world's cumulative installed PV capacity surpassed 2 260 GW by the end of 2024, marking a 29% year-on-year increase. According to the report, 2024 was another record year for solar PV, with between. The International Energy Agency's (IEA) Photovoltaic Power Systems (PVPS) programme has published its Trends Report for 2024.