Global Market Outlook for Solar Power 2025-2029
Global solar installations reached nearly 600 GW – an impressive 33% increase over the previous year – setting yet another record. Solar accounted for 81% of all new renewable energy
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Global solar installations reached nearly 600 GW – an impressive 33% increase over the previous year – setting yet another record. Solar accounted for 81% of all new renewable energy
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OverviewAsiaGlobal use figuresAfricaEuropeNorth AmericaOceaniaSouth America
Armenia due its geographical and climate properties is well-suited for the solar energy utilization. According to the Ministry of Energy Infrastructure and Natural Resources of Armenia the country is capable of producing 1850 kWh/m per year. For comparison European countries are capable of around 1000 kWh/m per year on average. Two main panel types utilized in Armenia are the photovoltaic
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Global solar photovoltaic capacity has grown from around 40 gigawatts in 2010 to approximately 2.2 terawatts in 2024. Only in that last year, installations increased by almost 40
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The US solar industry installed 7.5 gigawatts-direct current (GWdc) of capacity in the second quarter of 2025, a 24% decline from Q2 2024 and a 28% decrease compared with Q1 2025.
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Continuous support for all PV segments will be needed for annual solar PV capacity additions to increase to about 900 GW, in order to reach 6 700 GW of total installed capacity in 2030 envisaged
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It is one of the fastest-growing renewable energy technologies and is playing an increasingly important role in the global energy transformation. The total installed capacity of solar PV reached 1 865 GW
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We expect cumulative US solar capacity to more than triple from 236 GWdc installed at year-end 2024, to 739 GWdc installed by 2035, with average annual capacity additions of more than 45 GWdc. This
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The report breaks down global capacity installations and technology trends over the past 12 months and highlights the rapid growth in PV installations in markets around the world.
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Installed solar energy capacity Cumulative installed solar capacity, measured in gigawatts (GW).
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Photovoltaic systems account for the great majority of solar capacity installed in the world. CSP represents a minor share of solar power capacity, and is present in significant quantities only in a few
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Solar accounted for 58% of all new electricity-generating capacity added to the US grid through the third quarter of 2025, with more than 30 GW installed. Solar and storage, combined,
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