Tag Archives: Solar PV Market

Solar PV Market Is Projection To Reach 489.79 GW By 2020: Grand View Research, Inc.

The ****** solar PV market is expected to reach 489.79 GW by 2020, according to a new report by Grand View Research, Inc. Rising demand for sustainable energy resources coupled with favorable regulatory policies, is expected to drive the market growth over the forecast period.

Supportive regulations involving federal subsidy and incentives expected to be the prime factors impacting the industry growth on a positive note. Europe has been a major market for solar PV owing to early adoption of the technology in the region owing to high consumer awareness and positive government outlook in region.

Solar PV Market Share|Research Methodology, Segmentation & PESTEL Analysis 2020 By Million Insights

20 Nov 2018 – The ****** Solar PV Market size is expected to reach 489.79 gigawatts (GW) by 2020. The market is subject to witness a substantial growth due to the growing demand for sustainable energy resources, coupled with numerous local government initiatives and schemes to fulfill growing demand of electricity. Numerous benefits are obtained with the use of solar PV that include sustainability, reduction in greenhouse gas emission, and low operational cost, are further spurring the growth of the market over the forecast period. Globally, the solar PV market is predicted to grow at CAGR of 20.9% in forecast period, providing numerous opportunity for market players to invest for research and development in the solar PV industry.

Solar PV – One of the Fastest Growing Technology of Renewable Energy Source

As per the findings of a study conducted by Hexa Research, the total worldwide Solar PV (photovoltaic) installed capacity for 2020 will be more than 480GW. Key factors contributing to growth are higher ****** emphasis on clean energy production coupled with governmental support in the form of beneficial policies for development of Solar PV Market. Sunbelt countries will particularly gain from regulations like Feed in Tariff which is a preferential rate program.

Hexa Research foresees falling prices of energy generated using Solar PV in future, chiefly due to huge increase in capacity, especially in China. The ****** Solar PV market demands that companies employ innovation and differentiation strategies as a way to grow. Alliances and partnerships are crucial for gaining competitive edge.

****** Solar PV Market Set for Rapid Growth and Trend 2018-2025

In this report, the global Solar PV market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

Geographically, this report is segmented into several key Regions, with production, consumption, revenue million USD, market share and growth rate of Solar PV in these regions, from 2013 to 2025 forecast, covering

North America
Europe
China
Japan
Southeast Asia
India

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