1 / 3

Global Solar Energy Panel Market 2021

Global Solar Energy Panel market is anticipated to worth USD 52,491 million by 2018, with a CAGR of 21% during 2019-2025.

priyanka25avhad
Download Presentation

Global Solar Energy Panel Market 2021

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Global Solar Energy Panel Market

  2. According to BlueWeave Consulting, the Global Solar Energy Panel market is anticipated to worth USD 52,491 million by 2018, with a CAGR of 21% during 2019-2025. The Global Solar Energy Panel Market is expected to witness a significant growth rate over the forecast period. Owing to the increasing government incentives for the adoption of solar panels along with the cost economics of polysilicon has expected to be the major driving factor of the global solar panel market. The solar panels convert solar energy into electricity, which creates a pollution-free environment and is more efficient than combustion technologies. The rapid expansion of solar photovoltaic (PV) installation capacities coupled with increasing demand for renewable power sources, is boosting the solar energy panel market in the coming years. Moreover, raising awareness about the benefits of solar panels and depletion of fossil fuels is expected to surge the demand for solar panels. The other key factors supporting the growth of the market are future energy supply security, increasing investment in clean energy, and low operating cost of the solar power plant.

  3. Commercial Sector Is Projected To Be the Most Lucrative Application Segment Of Global Solar Energy Panel Market During The Anticipated Period In terms of applications, commercial sectors accounted for the largest market share in past years owing to factors such as high efficiency & utilization of direct current, etc. The emerging-market provides various opportunities to the market players, owing to a rise in disposable incomes and rapid growth in the global economy. Moreover, the residential segment is expected to witness significant growth during the forecast period due to the increasing awareness and adoption of roof-top panels. Besides, the utility-scale solar photovoltaic (PV) will grow at a high rate, owing to improving the cost competitiveness of solar photovoltaic (PV). Furthermore, the residential segment also witnessed sluggish growth in terms of the installation of solar energy due to discrepancies in sales strategies such as high installation and maintenance costs. Get the Sample Copy of the Report: https://www.blueweaveconsulting.com/global-solar-energy-panel-market-bwc19132/report-sample

More Related