IEA Highlights Trade Barriers and Surplus Capacity in Energy Technology Manufacturing
The International Energy Agency (IEA) reports that trade barriers and surplus capacity are reshaping the global energy technology manufacturing landscape. The market for key energy technologies, such as solar PV, wind, and batteries, reached record levels in 2025, despite trade restrictions. The global market value of these technologies is projected to reach USD 1.9 trillion by 2035. However, increased tariffs and local-content provisions are affecting trade patterns. Investment in manufacturing is cooling, with China continuing to dominate global investment. The report emphasizes the need for effective trade and industrial policies to balance domestic manufacturing with international trade.