BMI View: The United States will drive global solar power capacity growth over the coming decade, with
robust capacity growth in China and India cementing Asia Pacific's position as the biggest solar regional
market globally over the coming decade. The impact of intensifying competition in the solar market on
equipment manufacturers and project developers, as well as the increasing importance of distributed solar
capacity, are key themes we highlight in this edition of the Global Solar Power Report.
In this bi-annual Global Solar Power Reportt, which is the newest addition to BMI's Renewables service, we
aggregate our forecast for the global solar power sector and take a top-down perspective in order to identify
global trends, opportunities and risks. Our global solar power forecasts are a bottom-up aggregate of the 117
markets we cover, making up more than 99% of the global market.
The report is divided into five different areas, which we outline below, together with a number of our views:
- Global Solar Forecast: We forecast total global installed solar capacity to increase by almost 96% between 2016 and 2026 - from 338.4GW to 662.3GW - of which the United States will make up almost 29% of total additions. China and India will be the second and third largest markets, with 22% and 16% of total additions respectively. As such, Asia-Pacific will drive global solar capacity growth with an annual average growth rate of 12.5% between 2017 and 2026.
Table of Contents
Executive Summary
- Global Power & Renewables Forecasts
- BMI Industry View
Global Industry Forecast
- Global - Global Solar Power Forecasts: US To Drive Global Capacity Growth
- Table: Headline Solar Power Forecast
Investment Hotspots
- Global - Solar Investment Hotspots: Americas To The Fore
- Table: Substantial Cost Reductions In UAE's Solar Tenders
Technology Trends
- UAE - Government Push To Ensure Smart Uptake Of Distributed Solar
- Peru - Renewables Opportunities To Be Limited To Off-Grid Solar
- China - Large-Scale Floating Solar To Gain Traction
Project Analysis
- Global - Solar Project Round-Up
- Table: Top 10 Solar Projects Globally By Capacity
- Table: India Renewables: State Of Play
Competitive Landscape
- Table: China Dominating Solar Module Manufacturer Top Five
Appendix
- Table: Global Solar Power Capacity Forecast
- Table: Global Solar Power Capacity Forecast
- Table: Global Solar Generation Forecasts
- Table: Global Solar Generation Forecasts