According to our latest research, Global solar PV installations will reach a new high of 114.5 GW in 2019, up 17.5% over 2018. The market is now back on a strong growth trajectory – 2018’s slow-down was just a blip – and we expect annual installations to rise to around 125 GW per year by the early 2020s.
Which solar markets are on the cusp of a boom?
The global PV market continues to diversify rapidly. Countries installing between 1 and 5 GW annually will be the market’s growth engine. In 2018 there were 7 such markets, by 2022 there’ll be 19, with new names including Saudi Arabia, France and Taiwan.
Our latest Global solar market outlook provides the industry's most in-depth view of the global solar landscape. Download the report's free executive summary to get access to:
- Our year-by-year forecast through 2024
- Ranking and forecast for the top 15 markets through 2024
- Installation share by system size by country
- Global policy spotlights
- A dive into the latest Brazil auction
Complete the form to download the free executive summary. To purchase the full 44-slide report, click here.