Solar Power Market Size, Share, Growth and Forecast 2029
Solar Panels Market was valued to be USD 155.3 billion in 2021 and is reported to reach USD 289.6 billion in 2029, growing at a CAGR of 8.1% during 2022-2029 The factors driving the growth of Solar Panels Market includes growing consumption of electricity around the world, increasing use of solar panels to utilize maximum amount of sunlight, rising awareness about the benefits of using low carbon-intensive technologies and improvements in the living standards. Moreover, increase in Government’s expenditure on solar projects around the world, technological advancements in solar panels, rise in the launch of innovative products, tax incentives on the deployment of solar panels and rapid urbanization, are some of the additional factors supplementing the Solar Panel Market size . In addition, the increasing investments by major corporations on research and development, strategic partnerships between companies, rising disposable incomes and growing population growth rates, are further...