Commodity Market Report
Global solar PV market outlook update: Q1 2024
Report summary
Bringing together our regional expertise in the Americas, Europe, Asia Pacific, the Middle East and Africa, this quarterly report evaluates how key policy, supply chain, finance and other market developments from the past quarter will affect solar PV buildout across all segments in all territories in the next decade. We estimate global solar PV cumulative capacity will reach 5.6 TWdc globally. Our installation forecast for 2024 has increased by 20%, up to 427 GWdc. This first global solar market outlook update of the year incorporates the year 2033 into our forecast horizon.
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