Global PV demand to hit 469 GW and 533 GW this year, says PV Infolink
Global PV demand to hit 469 GW and 533 GW this year, says PV Infolink
Global solar markets show complex supply-demand dynamics, with module prices nearing historic lows. Future growth depends on installation capacity and policy support. Emerging markets like Brazil, South Africa, the Middle East, and Southeast Asia are seeing rising demand, while countries such as Saudi Arabia, the United Arab Emirates, Oman, Thailand, Malaysia, and Vietnam implement supportive policies. In Africa, large-scale projects continue despite infrastructure and grid challenges that may limit installations through 2025.
Although global growth may slow after 2025, emerging markets provide essential momentum, supporting stable development in the solar industry worldwide.
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