Product ID: SQMIG45N2080
Report ID:
SQMIG45N2080 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
94 |
Figures:
76
Global Solar Power Market size was valued at USD 84.03 billion in 2019 and is poised to grow from USD 90.03 billion in 2023 to USD 146.2 billion by 2031, growing at a CAGR of 7.1% in the forecast period (2024-2031).
The solar power business is expanding due to rising environmental degradation and the provision of government incentives and tax benefits to install solar panels. Additionally, the reduced water footprint of solar power systems has increased demand for them in the electricity production sectors. Due to an increase in rooftop installations, followed by an increase in applications in the architectural sector, the demand for solar cells has significantly increased. Additionally, it is projected that an increased demand for concentrated solar power systems the use of parabolic troughs and solar power towers in the production of electricity will support the growth of the solar power market in the forecast period.
US Solar Power Market is poised to grow at a sustainable CAGR for the next forcast year.
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REQUEST FREE CUSTOMIZATIONGlobal Solar Power Market size was valued at USD 84.03 billion in 2019 and is poised to grow from USD 90.03 billion in 2023 to USD 146.2 billion by 2031, growing at a CAGR of 7.1% in the forecast period (2024-2031).
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Product ID: SQMIG45N2080