A Snapshot of the Global PV Markets - 2024

The objective of this paper is to propose a reliable and accurate perspective on key markets and policies related to PV development in 2024 and previously. It aims at offering a clear analysis of how PV markets have developed in 2024, with updated numbers, along with an analysis of the policies behind the development. In this paper are displayed and analyzed survey results for the calendar year 2024 concerning PV markets and policies, as well as other key issues. An increasing number of national markets experienced notable growth in 2024 with impacts on policy development. Figures show that over 601 GW of PV systems have been installed in the world last year. Consequently, cumulative capacity crossed the 2.3 TW mark in 2024.