SolarPower Europe – Global Market Outlook for Solar Power, 2025-2029

The main theme of the report is the global solar power market from 2025 to 2029.

Key findings include that in 2024, global solar power installations reached nearly 600 GW, a 33% increase compared to the previous year. Solar power accounted for 81% of all new renewable energy capacities added worldwide. The share of solar power in total electricity production grew to 7% in 2024. Market growth is expected to slow but continue, with installations projected to increase to 655 GW in 2025 and reach 930 GW by the end of the forecast period. Major challenges include uneven distribution of solar power market growth, with concentration in the Asia-Pacific region, particularly in China.