Navigant Research expects 1,955 GW of PV to be installed between 2019 and 2028

According to a new report from US market research company Navigant Research Inc., an estimated 1,955 GW of utility-scale PV is expected to be installed between 2019 and 2028, generating $2,035.6 billion in revenue for the industry globally. China and the US continue to shape the global PV market, though the overall market is expanding as smaller, emerging countries with high irradiance develop new capacity and low prices attract new countries. Asia Pacific is projected to continue to grow at an accelerating pace, with 63 percent of total annual PV installations of 79.4 GW in 2019.
The report »Market Data: Solar PV Country Forecasts« (44 pages) covers both the distributed PV and utility-scale SPV markets. An Executive Summary is available for free download on the Navigant Research website (
Navigant Research is the research arm of consultancy Navigant, which is part of the Guidehouse company, global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting.

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