Global Market Outlook For Solar Power 2023 - 2027Supported by: www.solarpowereurope.orgFOCUS ON SOUTHEAST ASIASteel protected byWith its unique composition and excellent protective performance, Magnelis® is the leading galvanised steel for long-lasting solar mounting structures.For racks, purlins or tubes, Magnelis® steel (ZM310) offers an expected lifetime of more than 30 years in C3 environments. This performance has been certified by several independent bodies.For posts and columns, Magnelis® steel (ZM620) can be used for foundations in soil or concrete with a guarantee up to 25 years based upon a local soil analysis.As a key product for reducing climate impact for energy transition, Magnelis® is available with XCarb® recycled and renewably produced and leads to circa 70% CO2 footprint reduction.As your investment deserves a long lifeThe mounting system of this solar field has been designed in Magnelis® and manufactured by CWF.industry.arcelormittal.com/magnelis© Kristof Poggel / CWF GmbH3Foreword Welcome to the Global Market Outlook for Solar Power 2023-2027. Solar is on the fast track. In 2022, the world installed 239 GW of new solar, finally surpassing the TW-scale. That’s 45% more solar power capacity than the year before. The positive market developments in the first months of 2023 promise another solar boom year, expected to result in 341 GW of newly-added solar to the grid, by the end of the year – equal to 43% growth. This solar rush comes after more modest progress in preceding years, which were characterised by pandemic triggered lockdowns, supply chain turbulence, and high product prices along the value chain. However, even in trickier times, the solar industry demonstrated very strong...
