Market environment – Solar Power Generation

The transition to clean energy is no longer just a distant vision—it is unfolding rapidly all around us. By the beginning of 2026, the global solar market achieved a monumental feat, surpassing 3 terawatts (TW) of installed capacity worldwide.

To understand the sheer scale of this achievement, consider this: solar energy now generates roughly 9% of all electricity consumed globally. Even more impressively, it accounts for over three-quarters (77%) of all newly built renewable power worldwide, proving that the sun is firmly powering our future.

The Powerhouses Driving the Transition

This unprecedented momentum is a global team effort, though a few key regions are currently doing the heavy lifting to meet ambitious climate and energy goals:

• China: The undisputed engine of global solar, deploying a massive 382 GW in 2025 alone—representing well over half of all new panels installed worldwide.
• India: Experiencing a spectacular 49% surge in growth, India added 45.7 GW last year, stepping into the number two spot for global solar markets.
• The European Union: Driven by a strong push for energy security, the EU added over 67 GW collectively.
• The United States: Backed by sweeping clean energy investments, the US market remains incredibly strong, adding 43.2 GW.