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Global Market Outlook for Solar Power 2016-2020

By Kristina Thoring @SolarPowerKris

SolarPower Europe's annual Global Market Outlook 2016-2020 publication was launched at the Intersolar Europe Conference. 

The publication gives a five-year market forecast, covering winner and looser among anticipated growth markets, identifies key drivers and how markets can be secured in future. In addition, it gives an outlook on how the global PV power market is expected to evolve in the coming years, including emerging technology trends.

Key findings:

  • Global market grows over 25% YOY to >50 GW in 2015 - with China/Japan covering >50%
  • Europe still in transition phase. 15% YOY growth in 2015, first time up after 3 years of decline
  • Europe first region surpassing impressive 100 GW mark. Over 170 GW possible by 2020.
  • In 2016, solar also became cheaper than on-shore wind power in parts of the globe

On 7 July SolarPower Europe is hosting a free webinar on the Global Market Outlook report, register for free here

Download Global Market Outlook 2016-2020