The 2013 cumulative total represents an increase of nearly 200GW over the past five years.

However, the annual market dropped by almost 10GW to 35.4GW on the previous year because of the precipitous drop in US installations due to the policy hiatus of 2012.

While last year marked another difficult year for the industry with ‘only’ 12.5% cumulative growth, the prospects for 2014 and beyond look much brighter, GWEC said.

“Outside