Commodity Market Report

Global solar PV market outlook update: Q3 2021

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30 September 2021

Global solar PV market outlook update: Q3 2021

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. After a record-breaking year in 2020, Wood Mackenzie forecasts the global solar market will see another year of strong growth in 2021 with 153 GW of capacity installations, a 12% increase vs. 2020, and the cumulative installed base to reach 898 GW.

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    Global solar PV market outlook update - Q3 2021_v2_PR.pdf

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    Global solar PV market outlook update - Q3 2021_v2_Data.xlsx

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