Market Report
Global solar PV market outlook update Q2 2026
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Read this report for our impact analysis on the key global solar PV market developments last quarter. Both China and the US are expected to see contraction in annual installed capacity in 2026, while India will be the only top global solar PV market to see higher deployments in 2026 than 2025. China's market reform continues to erode project revenue prospects, while large-scale solar PV permitting and the expiration of tax credits and ongoing installed bankruptcies and financial challenges jeopardise growth in the US residential segment. The war in the Middle East has cut our regional outlook, as Saudi Arabia deals with significant project delays. Iran, Iraq and Lebanon are most impacted within the region. But the repercussions of the war go well beyond the Middle East, as increased LNG and power prices are expected to activate additional solar PV in different South and Southeast Asian and European markets.
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