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Wood Mackenzie

PV Modules Wood Mackenzie MENA region solar Middle East North Africa
Solar manufacturing expanding in ‘tariff haven’ Middle East, North Africa

Note 1. CAGR – compound annual growth rate. (Source: Wood Mackenzie.) The Middle East and North Africa (MENA) region is emerging ...

May 8, 2025
Projects
Record 1.7 GW of U.S. community solar installed in 2024

The U.S. community solar market installed a record-breaking 1.7 GWdc of capacity in 2024, a 35% increase from 2023, according to a new ...

February 24, 2025
Projects Wood Mackenzie global solar four things in 2025 graph
4 things to look for in global solar market in...

Global solar installations per region, 2020-2025 (GWdc). Source: Wood Mackenzie Installed solar capacity reached new heights in 2024, but th...

January 22, 2025
PV Modules solar storage market report
U.S. adds record solar module manufacturing capacity in Q3

The United States added a record-breaking 9.3 GW of new solar module manufacturing capacity in Q3 2024, according to a new report. At full c...

December 4, 2024
Projects Wood Mackenzie Energy Transition Outlook report solar
Report: Decisive action needed to achieve net zero by 2050

An investment of $78 trillion USD is needed to meet global net-zero goals by 2050, according to a new report. A string of global shocks has ...

October 30, 2024
Projects Wood Mackenzie community solar installation
Cumulative U.S. community solar installed capacity on track to break...

U.S. cumulative community solar installations are forecasted to break 14 GWdc in existing state markets by 2028. According to the latest rep...

February 22, 2024
Projects energy storage deployments
Report: U.S. energy storage installations set new record in Q3...

Source: U.S. Energy Storage Monitor Report | Q4 2023 (ACP/Wood Mackenzie) The U.S. storage market hit a new high in the third quarter o...

December 14, 2023
+ Storage battery crystal ball
Residential battery storage market competition is heating up

As noted in our 2024 Energy Storage System Buyer’s Guide, the market is jam packed with new solutions and new companies vying for thei...

December 12, 2023
Projects solar energy market
Report: Solar poised for record-setting 2023 as economic challenges mount

The U.S. solar industry added 6.5 GW of new electric generating capacity in Q3 2023, a 35% year-over-year increase as federal clean energy p...

December 7, 2023
PV Modules Wood Mac China Supply Modules
Report: China to retain 80% of global solar manufacturing capacity...

Despite local manufacturing policies in overseas markets, China’s expansion will dominate the global solar supply chain for the next f...

November 7, 2023
Inverters and eBOS global solar
Top 10 global inverter brands by 2022 market share

The top 10 global solar photovoltaic (PV) inverter vendors accounted for 86% of market share in 2022, increasing by 4% year-over-year since ...

August 14, 2023
Projects Wood Mackenzie community solar report
U.S. community solar capacity expected to break 6 GW in...

A new report shows that cumulative U.S. community solar capacity is expected to exceed 6 GW this year, despite a slowdown in growth. U.S. co...

August 9, 2023
News united states battery graphic
New EV charger capacity will overtake distributed solar installs this...

The US Distributed Energy Resource (DER) market is expected to nearly double in capacity from 2022 to 2027, with capital expenditure reachin...

June 20, 2023
Projects residential solar installers
A new era for U.S. residential solar finance: ITC, loan...

Last year was a record-breaking but chaotic year for the residential solar industry. The market installed 1,687 MWdc in Q4 to reach 5.9 GWdc...

April 27, 2023
Projects Wood Mackenzie annual storage
Report: U.S. energy storage market continues to expand rapidly

A new report shows that the energy storage market is on the rise. According to the American Clean Power Association (ACP) and Wood Mackenzie...

March 15, 2023
Projects seia solar market insights
Policy-driven supply constraints cause steep drop in solar installations in...

The United States added 20.2 GW of new solar capacity in 2022, a 16% decrease from 2021. This was due in large part to an investigation into...

March 9, 2023
Projects wood mackenzie community solar
Report: U.S. community solar growth expected to double by 2027...

U.S. community solar installed capacity declined 16% in 2022 compared to last year, primarily driven by interconnection delays hindering gro...

February 15, 2023
News earth energy storage
Energy storage installations top record in third quarter despite rising...

The U.S. energy storage market continues to grow, seemingly impervious to rising costs and supply chain challenges. The U.S. Energy Storage ...

December 22, 2022
News Global Solar PV inverter Top 10 - growth in shipments
Solar inverter global market share ranking for 2021 and future...

Solar buyers continue to gravitate to the top manufacturers in terms of market share, according to new global rankings released by Wood Mack...

July 11, 2022
News build back better
Solar Market Insight: 2022 forecast is down, but Build Back...

For the second quarter in a row, trade policy uncertainty and supply chain constraints are driving solar price increases across all market s...

December 14, 2021
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