Solar PV Market Is Expected To Reach $ 604.83 Billion By 2030
San Francisco, 17 December 2024: The Report Solar PV Market Size, Share & Trends Analysis Report By Connectivity, By Mounting (Ground Mounted, Roof Top), By End Use (Residential, Commercial & Industrial, Utility), By Region, And Segment Forecasts, 2024 - 2030 The global solar PV market size is expected to reach 604.83 billion by 2030, expanding at a CAGR of 10.6% from 2024 to 2030, 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 the early adoption of the technology in the region owing to high consumer awareness and positive government outlook in the region. Increasing demand for renew...