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Rethink Energy predicts sustained growth in the global solar industry, with the pace of annual installations doubling from 2023 to 2030, resulting in a 6 TW global solar fleet. China’s solar generation in that year will equal the output it currently draws from its coal fired power plants.

This forecast covers the total scale of the global solar industry through 2030, starting off with the latest figures from 2024 for twenty leading national markets. This includes updates to our solar module price forecast, and to our perovskite adoption forecast.

Other topics include examinations of transmission constraints, the state of Chinese overcapacity and non-Chinese reshoring efforts in different supply chain segments. Other limiting factors on the solar industry’s scale are workforce constraints, land availability, and reshoring strategies.

Who should buy this report?

Anyone looking to invest in solar power needs to buy this report, whether you are a developer, manufacturer, installer, or even just a business looking to invest in commercial-scale solar power.

Policymakers also need this report if they are to understand the nature of the future industry. Large sections of the commentary found in this report, both on specific markets and the nature of the industry worldwide on the manufacturing and quality side, won’t be found elsewhere.

Qualitative changes in the solar industry include the further reduction in price, and increase in quality, of solar modules – plus reshoring efforts and trade disruptions, especially for the US and India. Our commentary includes the developing shortages of silver and high-purity-quartz, but the most radical change will be the introduction of perovskite-based solar modules, both single-junction and tandem.

The adoption of perovskites begins well within this report’s 2030 time frame, and will change the face of the rooftop market first. If you are in the rooftop business in any capacity, you need to get to grips with perovskites now.