The global solar panels market is expected to tread along an exceedingly strong growth path to reach a total value of $180.7 billion by 2021, according to “Solar Panels Market Shares, Strategy, and Forecasts, Worldwide, 2015 to 2021,” a report released by ResearchMoz, a division of Transparency Market Research, Albany, N.Y. The market was worth $24.2 billion in 2014, the base year for the statistics presented in the report.

The market for solar panels has been expanding at an increasing rate over the last decade, shedding its perception as that of an “alternate energy” source and becoming more of a mainstream power source, the study says.