Photovoltaic Market Report 2028

Photovoltaic market is estimated to be worth US$ 62970 million in 2022 and is forecast to a readjusted size of US$ 188980 million by 2028 with a CAGR of 20.1% - Valuates Reports
 
BANGALORE, India - Aug. 1, 2022 - PRLog -- Photovoltaic market is estimated to be worth US$ 62970 million in 2022 and is forecast to a readjusted size of US$ 188980 million by 2028 with a CAGR of 20.1% during the forecast period.

Photovoltaic Market Analysis and Insights

Based on type, the multi-silicon segment is expected to dominate in the photovoltaic market share due to widescale adoption in the industrial, commercial, and residential sectors. However, the mono silicon segment will grow the fastest due to large-scale solar PV installations owing to their durability, flexibility, design, and efficiency.

Based on application, the commercial segment will grow the highest in the photovoltaic market share owing to the rapid commercialization and adoption of solar panels in several industry verticals.

Based on region,  Asia-Pacific will witness considerable growth in the photovoltaic market share due to favorable government policies, cheaper production costs, and ambitious decarbonization targets set by emerging economies like India, China, Japan, etc.

Photovoltaic Market Scope and Segment

Photovoltaic market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Photovoltaic market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028

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