Global Market Outlook for Solar Power 2025-2029
Across all regions, developing a skilled workforce and setting ambitious solar and storage targets are essential tasks. In these times of political uncertainty, low-cost solar power could turn into
Across all regions, developing a skilled workforce and setting ambitious solar and storage targets are essential tasks. In these times of political uncertainty, low-cost solar power could turn into
The solar thermal market size crossed USD 16.1 billion in 2024 and is estimated to grow at a CAGR of 9% from 2025 to 2034, driven by rising environmental awareness and government efforts to reduce
Electricity generation by the U.S. electric power sector totaled about 4,260 billion kilowatthours (BkWh) in 2025. In our latest Short-Term Energy Outlook (STEO), we expect U.S.
It is expected to continue growing at a CAGR of 7.07%, reaching USD 10.89 billion by 2032. The solar thermal landscape has matured beyond early adopter projects and now spans a diverse array of
The Concentrated Solar Thermal Power Generation System Market was valued at 8.34 billion in 2025 and is expected to expand at a CAGR of 14.28% during 2026–2033, reaching an
2025 has been a challenging year for renewables. The new tax law, commonly referred to as the One Big Beautiful Bill Act, rolled back many clean energy tax credits and imposed new restrictions,
From 2024 to 2035, the market is projected to experience significant growth due to increasing energy demands, environmental concerns, and regulatory support. Solar thermal energy
Solar Generation as a Percentage of Total Generation, 2014–2024 In addition to the 11 states generating more than 10% of their electricity from solar in 2024, another eight states and
Each presentation focuses on global and U.S. supply and demand, module and system price, investment trends and business models, and updates on U.S. government programs
Policymakers in some of the world''s largest economies are reducing support for solar power generation. Even so, Goldman Sachs Research expects rapid growth in the sector, with global
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