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In 2024, Asia-Pacific solar power capacity saw a remarkable boost with the installation of 1156.4 GW, marking an impressive growth rate of 37.43% compared to the previous year. As a result, the total Asia-Pacific renewable energy capacity has reached 48.53 % of the Asia-Pacific's energy mix.

In the last decade, solar power capacity has grown tremendously to become the fastest-growing source of renewable energy in the world.

Solar power directly contributes to the Asia-Pacific ’s energy security and independence, as well as helping to meet rising electricity demand and CO2 emission reduction goals.

The rapid solar photovoltaic installations were primarily due to ongoing supportive government policies and initiatives and a sharp decline in technology and PV system costs.

Further, a growing number of governments and companies are setting up and pursuing climate-neutral/net-zero emissions targets, commitments and goals that are propelling both solar photovoltaic (PV) market and wind power installation growth, globally.

According to Blackridge Research, the outlook for solar PV installation remains strong in the medium term, and the market is expected to expand during the forecast period due to compelling economics, and decarbonization commitments by various stakeholders.

Blackridge Research’s Asia-Pacific Solar Power Market Outlook report consolidate the developments and build a perspective on growth from the point of view of the solar sector, in its current and future role.

The report provides a comprehensive analysis of the historical development, the current state of solar power installation scenario, and its outlook.

The majority of data in the report have been derived from multiple bottom-up and top-down analyses, as well as proprietary models, databases, and offerings – Solar Intelligence Hub and Global Project Tracker Service built from public and exclusive sources over the years.

The insights include but are not limited to the market data, solar PV installation data and capacity additions data and forecast, government policies and regulations, project data (upcoming solar power projects, under-construction projects, and operating/commissioned solar power plants), company profiles of major players, and competitive landscape analysis.

The market research report covers market dynamics, growth potential of the photovoltaic (PV) and concentrated solar power (CSP) markets, economic trends, and investment & .

Further, the report looks at the current state and assesses the potential of residential, and non-residential solar PV deployment.