3Q 2019

Market Data: Solar PV Country Forecasts

Installed Capacity, Regulatory Environment, System Prices, and Revenue for Distributed and Non-Distributed Solar PV

The global market for annual solar PV (SPV) installations has crossed the 100 GW milestone. As the market for SPV has grown in the past decade, the need for transparency and grid stability has forced state and regional governments to adopt new processes and regulations. These changes coupled with accelerating decline in technology CAPEX are expected to drive the global market for SPV over the forecast.

Continuing on its the growth surge, annual global SPV capacity additions increased from around 109.1 GW in 2018 to 124.6 GW in 2019. This equals about 3.9 million projects. The global SPV market in 2019 generated $154.3 billion, about $66.2 billion of which came from distributed installations. Regulatory and legislative structures are evolving away from structures that incentivize widespread solar deployment to more nuanced mechanisms that enable solar growth to be controlled and directed. These mechanisms aim to avoid negative outcomes at the system level as renewable penetration increases. They also aim to ensure that resources are allocated to new generation projects as efficiently as possible in a competitive, technology-agnostic manner.

This Navigant Research report presents a forecast of installed capacity, system prices, application segments, and revenue for the global SPV market through 2028. It covers both the distributed SPV (DSPV) and utility-scale SPV markets. Navigant Research also examines key legislative and regulatory trends that affect the SPV industry across each region and in selected countries that influence its growth.

Pages 44
Tables | Charts | Figures 29
  • What are the key drivers of solar PV (SPV) deployments?
  • What are the primary applications of SPV globally as well as regionally?
  • Which markets will offer the most growth between 2019 and 2028?
  • How quickly will global SPV energy revenue grow through 2028?
  • Which SPV application market segments are growing fastest and in which regions?
  • How do market opportunities compare between different countries in the region?
  • SPV technology vendors
  • Microgrid project developers, systems integrators, and financiers
  • Distributed energy resources vendors and solutions providers
  • Demand response technology manufacturers
  • Energy service companies
  • Energy and sustainability managers
  • Energy as a service solutions providers and technology manufacturers
  • Investor community

1. Executive Summary

1.1   Introduction

1.2   Key Trends in the SPV Market

1.3   SPV Market Forecast

2. Market Issues

2.1   Introduction

2.2   North America

2.2.1   Canada

2.2.2   US

2.3   Europe

2.3.1   Germany

2.3.2   Italy

2.3.3   UK

2.3.4   France

2.3.5   Netherlands

2.3.6   Poland

2.3.7   Spain

2.4   Asia Pacific

2.4.1   Australia

2.4.2   India

2.4.3   Japan

2.4.4   China

2.4.5   South Korea

2.5   Latin America

2.5.1   Brazil

2.5.2   Mexico

2.6   Middle East & Africa

2.6.1   Saudi Arabia

3. Market Forecasts

3.1   Introduction

3.1.1   Segmentation

3.2   Global SPV Forecasts

3.2.1   North America

3.2.2   Europe

3.2.3   Asia Pacific

3.2.4   Latin America

3.2.5   Middle East & Africa

3.3   Conclusions and Recommendations

3.3.1   Develop Favorable Incentives and Policies

3.3.2   Identify New Business Models

3.3.3   Undertake Distribution Planning

3.3.4   Update Interconnection Standards

3.3.5   Invest in Solar Plus Technologies

3.3.6   Expect the Proliferation of Microgrids

4. Acronym and Abbreviation List

5. Table of Contents

6. Table of Charts and Figures

7. Scope of Study, Sources and Methodology, Notes

  • Annual SPV Installed Capacity and Revenue by Region, World Markets: 2019-2028
  • DSPV Installed System Prices (Non-Weighted Average) by Component, World Markets: 2011-2028
  • Annual SPV Installed Capacity by Type of Installation, World Markets: 2019-2028
  • Annual SPV Installed Capacity and Revenue by Country, North America: 2019-2028
  • Annual SPV Installed Capacity by Segment, North America: 2019-2028
  • Annual SPV Installed Capacity and Revenue by Country, Europe: 2019-2028
  • Annual SPV Installed Capacity by Segment, Europe: 2019-2028
  • Annual SPV Installed Capacity and Revenue by Country, Asia Pacific: 2019-2028
  • Annual SPV Installed Capacity by Segment, Asia Pacific: 2019-2028
  • Annual SPV Installed Capacity and Revenue by Country, Latin America: 2019-2028
  • Annual SPV Installed Capacity by Segment, Latin America: 2019-2028
  • Annual SPV Installed Capacity and Revenue by Country, Middle East & Africa: 2019-2028
  • Annual SPV Installed Capacity by Segment, Middle East & Africa: 2019-2028
  • Estimated Levelized Cost of Energy at Different System Costs and Irradiance Levels (Pre-Tax)
  • SPV System Prices (Non-Weighted Average) by Component, World Markets: 2011-2028
  • Average SPV Installed Price (Non-Weighted) by System Size and Region, World Markets: 2011-2028
  • Estimated Levelized Cost of Energy at Different System Costs and Irradiance Levels (Pre-Tax)
  • Countries at Grid Parity, World Markets: 2016
  • Annual SPV Installed Capacity by Country and Segment, World Markets: 2011-2028
  • Annual SPV Revenue by Country, World Markets: 2011-2028
  • Annual DSPV Installed Capacity by Region, World Markets: 2011-2028
  • Annual DSPV Revenue by Region, World Markets: 2011-2028
  • Annual Utility-Scale SPV Installed Capacity by Region, World Markets: 2011-2028
  • Annual Utility-Scale SPV Revenue by Region, World Markets: 2011-2028
  • Percentage of Annual DSPV Installed Capacity by Region, World Markets: 2011-2028
  • Percentage of Annual Utility-Scale SPV Installed Capacity by Region, World Markets: 2011-2028
  • Annual DSPV and Utility-Scale SPV Installed Capacity, World Markets: 2011-2028
  • Annual Total SPV Installed Capacity by Region, World Markets: 2011-2028
  • Annual Total SPV Revenue by Region, World Markets: 2011-2028
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