Global Solar PV Market Outlook Update Q3 2025

Report Summary:

Bringing together our regional expertise in the Americas, Europe, Asia Pacific, the Middle East and Africa, Wood Mackenzie's "Global solar PV market outlook Q3 2025" breaks down how the key policy, supply chain, finance and other market developments from the past quarter will affect solar PV buildout across all segments in all territories in the next 10 years. Despite local content requirements for modules, India installed 27 GWdc of capacity in the first seven months of 2025, This signals that the country is well positioned to install 32 GWdc annually over the next six years - the volume required to meet its 2030 solar target of 345 GWdc. India's robust module and cell manufacturing expansion and an ambitious strategy in deploying storage to overcome transmission constraints justifies a 52% upgrade for our 10-year utility-scale PV outlook.