Global solar PV market outlook update: Q1 2021

This quarterly report provides insight into major developments for the global solar landscape, offering an assessment of the trajectory and key trends in the global market and providing scenario-based demand forecasts, insights on project pipelines, financing conditions, and supply-chain dynamics at the regional and country level. The analysis spans across market segments - residential, commercial, industrial and utility-scale - and includes deep-dive analyses on each regional market. Global solar PV markets had the biggest year in 2020, in spite of some lost momentum in first half of the year due to COVID-19 related shutdowns and disruptions. 134 GW of solar PV was installed globally in 2020, a 23% increase compared to 2019 and reaching a cumulative installed base of almost 750 GW.