Global solar PV market outlook update: Q3 2021

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.