Market Report
Global solar PV market outlook update Q4 2025
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Bringing together our regional expertise in the Americas, Europe, Asia Pacific, the Middle East and Africa, Wood Mackenzie's Global solar PV market outlook Q4 2025 examines how the key policy, supply chain, finance and other market developments from the past quarter will affect our global solar PV decade outlooks for the 2025-2034 period. Global PV cumulative installations will surpass 8 TWdc by 2034. China will remain the top solar market in the world, followed by India, the US and Germany. Saudi Arabia will become the fastest growing market, propelled by giga-scale project procurement through tenders and a local supply chain. Peru, Uzbekistan and Iraq will see the fastest growth out of all emerging markets.
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