Insight
Coronavirus: Disruption will reduce 2020 global solar PV additions by 18%
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The outbreak of the coronavirus (COVID-19) pandemic will have a significant impact on the global solar PV market. Construction and development activities are slowing down as countries around the world enforce unprecedented lockdowns. Against the backdrop of severe economic disruption, we have downgraded our forecast for 2020 installations from 129.5 GW to 106.4 GW, a reduction of 18%. Next year will be a challenging one for solar as well. We assume that the economic damage caused by the pandemic and concurrent crash in oil prices will tip the world into recession in 2020. Although we expect a strong economic recovery next year, projects that should be delivered in 2021 are being developed and financed today. When the recession hits, not all activity will go ahead as planned.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Market Report
Global solar PV inverter state of the market report 2025
This report provides insight into the global and regional PV inverter markets, presenting a detailed breakdown of 2024 shipment data.
$5,990
Asset Report
Ilo copper smelter
A detailed analysis of the Ilo copper smelter.
$2,250
Market Report
Global solar PV O&M economics H1 2025
The Global solar PV O&M economics report offers a detailed analysis of the non-residential solar O&M market using data from the RACM tool.
$5,990
