Solar Power Station Market Report

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 did the solar industry perform in the third quarter?

This was a record third quarter for the industry, continuing the installation momentum of the last few quarters. Solar accounted for 48% of all new electricity-generating capacity added to the US grid through the first three quarters of 2023. Cumulative operating solar capacity now stands 161 GWdc and 4.7 million systems.

What are the key factors driving the solar PV market?

The solar PV segment is anticipated to hold the leading share in this market during the forecast period. What are the key factors driving the market? Countries to achieve green energy targets and the growing adoption of renewable sources for power generation are the major factors driving the market growth.

Which region has the largest market for portable power stations?

North America has the world's largest regional market for portable power stations, predominantly due to the U.S. The trend is predicted to continue during the projected period. A growing emphasis on recreational activities, such as fishing and camping, can be observed in this region.

How much do solar installations increase in the near-term?

On an annual basis, the increase is smaller in the near-term, averaging 13% over the next five years. Near-term installations are less sensitive to our assumptions given typical project timelines, particularly for utility-scale solar. But this annual increase grows to roughly 30% by the end of the outlook.