Global solar PV market outlook update: Q2 2023 Report

Commodity Market Report 29 June 2023

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Report summary

Wood Mackenzie's Q2 2023 Global solar market outlook update presents our latest view on global and regional solar PV installation forecasts through 2032. We project global solar PV installations will grow at an annual average of over 5% from 2022 to 2032, with annual capacity hitting almost 270 GWdc in 2023. Global annual solar PV installations will reach 333 GWdc in 2032. Bringing together our regional expertise in the Americas, Europe, APAC, the Middle East and Africa, this quarterly report examines 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.