Global solar PV market outlook update: Q1 2022 Report

Commodity Market Report 24 March 2022

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Report summary

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.