Global Market Outlook for Solar Power 2025-2029
While long-term fundamentals – including continued low prices, largely based on further declining costs, cross-sectoral electrification, and strong energy security priorities – will support
While long-term fundamentals – including continued low prices, largely based on further declining costs, cross-sectoral electrification, and strong energy security priorities – will support
Explore the future of solar in 2025—key trends, new tech, and policies driving global clean energy growth.
The EIA also forecasts significant growth in solar power generation, further validating the positive long-term prospects for the solar market. The upside scenario envisions a 6% CAGR, with
In 2026, renewable developers are expected to emphasize near-term agility—diversifying inputs, stockpiling, and digitizing visibility—while investing in long-term resilience through reshoring,
Experts predict solar power generation in the U.S. will continue to grow during 2025, underscoring the technology''s rapid expansion and its critical role in achieving energy independence
To revert this potential decline, policies are changing to support the deployment of solar power systems for large-scale power generation. Furthermore, greater subsidies should be provided
Policymakers in some of the world''s largest economies are reducing support for solar power generation. Even so, Goldman Sachs Research expects rapid growth in the sector, with global
Growth in utility-scale and distributed solar PV more than doubles, representing nearly 80% of worldwide renewable electricity capacity expansion. Low module costs, relatively efficient permitting processes
Forecasts from the U.S. Solar Energy Industries Association (SEIA) show sustained growth through 2030. Solar energy continues to charge ahead, increasingly becoming an essential
We expect the combined share of generation from solar power and wind power to rise from about 18% in 2025 to about 21% in 2027. In our STEO forecast, utility-scale solar is the fastest
PDF version includes complete article with source references. Suitable for printing and offline reading.