Solar PV Market Growing At A CAGR Of 20.9% Through 2020 : Grand View Research Inc.
San Francisco, 16 October 2019: The Report Solar PV Market Size, Share & Trend Analysis Report By Application (Residential, Non-Residential/Commercial, Utility), Value Chain Analysis, Market Dynamics, And Segment Forecasts, 2012 – 2020 The global 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. Increasing demand for renewable energy sources owing to rising consumer awareness towards cost benefits associated with the technology is expecte