Market Data: Global Distributed Solar PV

Market Data: Global Distributed Solar PV
Summary
The global electric power industry is evolving from a financial and engineering model that relies on large centralized power plants owned by utilities to one that is more diverse--both in sources of generation and ownership of the generation assets.This transformation will continue to have a significant impact on the solar PV industry worldwide. Key emerging trends that will shape the trajectory of the global distributed solar PV (DSPV) market in particular include price drops, changes in financial incentives, and emerging business models.Although DSPV still represents just a small portion of overall electricity generation, the adoption of solar PV around the world will increase rapidly during the next 10 years.DSPV will lead the transition to a more decentralized power system that enables opportunities for other distributed generation technologies as well.In terms of growth opportunities, China and the United States are expected to remain key DSPV markets even though a geographic shift to other countries with high irradiation is underway.India is expected to become a major DSPV market in the next few years.Meanwhile, after years of anticipation, DSPV markets in Latin America and the Middle East are beginning to emerge.According to Navigant Research, global DSPV installed capacity is expected to reach 429.1 GW by 2026.This Navigant Research report provides a forecast of installed capacity, system prices, and revenue for the global solar PV market (distributed and non-distributed), with a focus on DSPV.The study also provides an analysis of the key market trends and regulatory mandates affecting the solar PV industry, as well as the emerging business models. Global solar PV market forecasts, broken out by region and segment (residential, commercial and industrial, and utility-scale), extend through 2026.