The Annual Installed Capacity of Global Distributed Solar PV is Expected to Exceed 429 GW by 2026

Key emerging trends expected to shape the trajectory of distributed solar PV include price drops, changes in financial incentives, and emerging business models

A new report from Navigant Research projects the installed capacity, system prices, and revenue for the global solar photovoltaic (PV) market, offering an analysis of key market trends and business models, through 2026.

As the global electric power industry continues to diversify, the adoption of solar PV is expected to increase rapidly during the next decade. Distributed solar PV in particular is expected to lead the transition to a more decentralized power system that enables opportunities for other distributed generation technologies as well. Click to tweet: According to a new report from @NavigantRSRCH, global distributed solar PV installed capacity is expected to reach 429.1 GW by 2026.

“In 2016, annual distributed solar PV capacity additions dropped slightly by 3 percent to 21.9 GW, accounting for 29 percent of the 74.8 GW total global solar installed capacity that year,” says Roberto Rodriguez Labastida. “Navigant Research expects that this ratio will increase between 2017 and 2026, when 429 GW of distributed solar PV will be installed globally, producing $528 billion in revenue for the industry.”

Key emerging trends expected to ultimately shape the trajectory of this market include price drops, changes in financial incentives, and emerging business models. China and the United States are expected to remain key markets, even though a geographic shift to other countries with high irradiation is underway. Additionally, India is expected to become a major market in the next few years as markets in Latin America and the Middle East begin to emerge.

The report, Market Data: Global Distributed Solar PV, provides a forecast of installed capacity, system prices, and revenue for the global solar PV market (distributed and non-distributed), with a focus on DSPV. The study also provides an analysis of the key market trends and regulatory mandates affecting the solar PV industry, as well as the emerging business models. Global solar PV market forecasts, broken out by region and segment (residential, commercial and industrial, and utility-scale), extend through 2026. An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Lindsay Funicello-Paul

+1.781.270.8456

lindsay.funicello.paul@navigant.com

* The information contained in this press release concerning the report, Market Data: Global Distributed Solar PVis a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Data Services

An interactive data visualization platform with online access to global forecasts spanning the energy, utility, transportation, and buildings industries.

More Information

Research News

Rss
Global Advanced Battery Pack Revenue for Traction and Propulsion Energy in Drones Expected to Reach $225 Million by 2026
Advanced battery chemistries experiencing price declines are replacing traditional lead-acid batteries and nickel-metal hydride chemistries…
Read More »
Revenue for Utility-Offered IoT Intelligent Building Value-Added Services Expected to Reach up to $1.2 Billion in North America in 2026
Creating new value-added services for commercial customers around IoT will help utilities bridge the gap…
Read More »
Global LED Lamp Shipments Are Expected to Reach Nearly 2 Billion in 2026
LED uptake in the commercial segment is outpacing adoption in the residential and industrial segments…
Read More »
View All News

{"userID":"","pageName":"The Annual Installed Capacity of Global Distributed Solar PV is Expected to Exceed 429 GW by 2026","path":"\/newsroom\/the-annual-installed-capacity-of-global-distributed-solar-pv-is-expected-to-exceed-429-gw-by-2026","date":"8\/20\/2017"}