IEA PVPS：2025年全球光伏市场快照（英文版）

The global PV cumulative capacity grew to significantly over 2.2 TW at the end of 2024, up from 1.6 TW in 2023, with over 600 GW of new PV systems commissioned. After several years of tension on material and transport costs, module prices continued to drop through 2024 in a still massively over-supplied market, putting tremendous financial pressure on all industrial actors on one hand but stimulating markets on the other. Major trends include: With active development policies, China’s annual