Top 20 Key Points Analysis! SolarPower Europe has released its report titled ‘2025-2029 Solar Market Outlook’. This report outlines significant trends and projections for the solar industry.
On May 14, 2025, SolarPower Europe published its latest report, ‘2025-2029 Solar Market Outlook’, which highlights the following key insights:
- By 2024, the global solar capacity is expected to reach 597 gigawatts, with new installations comprising 81% of this capacity.
- The electricity generated by solar power is anticipated to exceed all other forms of energy generation.
- By 2025, the forecast for global solar capacity is projected to surpass 750 gigawatts.
- By 2028, solar capacity is expected to exceed 1 terawatt.
The report indicates that the market is likely to grow by more than 10%, with regulatory support enhancing the trajectory of solar energy. Additionally, detailed assessments and forecasts have been made for the top 20 solar markets, including countries and regions within the EU.
Here are the highlights for these 20 countries/regions:
- Germany: Solar energy has become the primary source of energy transition.
- China: By 2025, the solar market is projected to undergo significant advancements.
- United States: Solar installations are anticipated to grow rapidly, maintaining a strong momentum.
- India: The solar market is set for substantial growth, supported by favorable policies.
For 2024, the solar market in China is expected to grow by over 30%, reaching 329 gigawatts, significantly exceeding previous leading markets. This growth trajectory is primarily driven by increasing demand for solar installations.
In 2025, it is forecasted that global solar energy capacity will reach 774 gigawatts, indicating a remarkable growth rate in the industry. This outlook is essential for understanding the potential future advancements in solar energy technology.
Moreover, the assessment suggests that by 2030, the total global solar capacity could reach 11 terawatts, contingent upon significant policy support and technological advancements.
Overall, the report emphasizes the necessity for continuous investment in solar technology and infrastructure to achieve these ambitious targets and addresses the challenges posed by market fluctuations and regulatory changes.
For more detailed insights and data, refer to the full report by SolarPower Europe: 2025-2029 Solar Market Outlook.
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