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Market Report

Asia Pacific solar PV market outlook 2021

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13 July 2021

Asia Pacific solar PV market outlook 2021

Report summary

The Asia Pacific region offers the most substantial opportunities for solar PV investments globally. The total installed capacity is expected to triple to 1,500 GW in 2030 compared to 430 GW in 2020. China will remain the largest regional and global market, adding 619 GW between 2021-2030. India will come second, adding 138 GW between 2021-2030. Both utility-scale and distributed solar offer sizable opportunities as annual installations are shared almost equally between the two segments.


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