Global Market Outlook For Solar Power 2019 - 2023

SolarPower Europe’s annual award-winning Global Market Outlook for Solar Power provides comprehensive historical market data, 5-year forecasts for the main global markets, as well as an analysis of the segmentation between rooftop and ground-mounted systems.

In this year’s the report has a special focus on the GW-scale solar power markets in 2018 around the globe.

Moreover, the Trends chapter explores the developments that will shape the solar power sector in the coming years, covering solar mobility, storage, corporate sourcing and emerging markets, amongst other topics.

In 2018, 11 countries installed more than 1 GW of solar; that’s two more compared to the nine GW-scale solar markets in 2017. SolarPower Europe’s Medium Scenario estimates that the number will significantly increase to 16 countries in 2019.

Europe as a whole added 11.3 GW in 2018, a 21% increase over the 9.3 GW installed the year before mainly because of the EU’s binding national 2020 targets.

In 2019, SolarPower Europe’s Medium Scenario sees demand surge by over 80% to 20.4 GW, and an 18% growth to 24.1 GW in 2020, which would be a new installation record, surpassing the 22.5 GW Europe added in 2011.