Global solar PV market outlook update: Q1 2022
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. Starting from Q3 2021, Wood Mackenzie offers a 10-year outlook of the solar market. Wood Mackenzie forecasts global solar PV installations to grow at an annual average of 8% from 2022 to 2031, annual capacity to grow 25% in 2022, and cumulative solar installations to surpass the 1,000 GWdc threshold.