Research Nester Reviews The Global Solar Panel Market Is Estimated To Portray A CAGR Of 26.3% From 2017 To 2027
Global solar panel market is expected to reach USD 485 Billion, growing at a CAGR of 26.3% during the forecast period. Factors such as increasing solar utilities installation, favorable consumer concern with ecofriendly technology and rising environmental concerns are driving the growth of the solar panel market. Moreover, the global solar panel market is expected to garner noteworthy revenue by the end of 2027. Solar panel is an efficient form of convenient renewable solution towards global warming with its application segments like Photovoltaic power stations, Rooftop solar PV systems, Standalone PV systems, Solar hybrid power systems, Concentrated photovoltaic, Solar planes, Solar-pumped lasers, Solar vehicles. North America dominated the overall solar panel market and is expected to continue its dominance over the forecast period. This can be attributed to increasing government investment in solar PV capacities. Further, rising environmental concerns among...