Solar energy industry outlook
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U.S Solar Market Growth Predictions for 2025
According to the latest Short-Term Energy Outlook from the U.S. Energy Information Administration (EIA), solar power generation in the U.S. is projected to skyrocket by 75% from 163 billion kilowatt-hours (kWh) in 2023
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Solar: predictions for 2025 | Wood Mackenzie
After years of exponential growth in global solar buildout could policy uncertainty, protectionist measures and interconnection and transmission bottlenecks halt that trend? A look at the solar industry outlook, costs, tech
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Solar Power Market Size, Share, Trends | Growth
Solar power utilizes the sun''s energy as either thermal energy (heat) or photovoltaic cells in solar boards and clear photovoltaic glass to create power. The aggregate sum of solar energy incidents on Earth is vastly
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Global Market Outlook for Solar 2024-2028
Global Market Outlook for Solar 2024-2028 Built on comprehensive historical market data to measure past progress, including a solid 5-year forecast for the key global markets to anticipate future trends as well as a chapter on the GW
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New Energy Outlook
The New Energy Outlook presents BloombergNEF''s long-term energy and climate scenarios for the transition to a low-carbon economy. Anchored in real-world sector and country transitions, it provides an independent set of credible
Read moreFAQs 6
What is a solar market report?
With comprehensive historical market data, 5-year forecasts for the key global markets, as well as analysis of the segmentation between rooftop and ground-mounted systems, this report is an indispensable tool for the solar industry and energy stakeholders alike.
How will solar impact the energy industry?
The industry remains optimistic about the role of solar in achieving energy dominance and meeting rising electricity demand. State-level initiatives and corporate demand will gain more relevance and drive solar development, potentially mitigating the impact of federal mandates.
Will the solar industry continue to grow?
A significant portion of the increase came from China, which deployed around 250 GWdc of solar. Overall, analysts expect the industry to continue to grow, however the range of near-term growth projections is substantial. Notes: E = estimate; P = projection.
How will the residential solar market grow over the next decade?
The residential solar market will continue to grow steadily, driven by retail rate inflation, resiliency concerns, product innovation, and third-party ownership momentum with a focus on ITC adder qualification. In our Base case forecast, the segment will more than triple over the next decade, adding more than 96 GWdc by 2035. 3.2. Commercial PV
How will the solar industry grow in 2027?
The segment will eventually recover and grow at an average annual rate of 12% from 2027 to 2030, driven by increasing electricity rates and growth from emerging state markets in the Midwest and Southeast. Commercial solar installations and forecast, 2020-2030 3.3. Community solar PV
What will the solar market look like in 2025?
We anticipate some stabilization for the residential solar market in 2025 as the California market levels out and the third-party ownership segment continues to grow rapidly with a focus on qualifying projects for the domestic content adder. Looking at all the segments combined, we expect installations in 2025 to remain relatively flat at 49 GWdc.