Commodity Market Report
Global solar PV market outlook update: Q4 2022
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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 10-year outlook of the solar market. Wood Mackenzie forecasts global solar PV installations will grow at an annual average of 7% from 2022 to 2031, with annual capacity to total 206 GWdc in 2022 and growing to 371 GWdc by 2031.
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