Asia Pacific On Grid Solar PV Market Size

Report ID: GMI8871
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Published Date: April 2024
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Report Format: PDF

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Asia Pacific On Grid Solar PV Market Size

Asia Pacific On Grid Solar PV Market was valued at USD 71.5 billion in 2023 and is set to grow at a CAGR of 4% from 2024 to 2032.

 

Asia Pacific On Grid Solar PV Market

Large scale renewable energy deployment owing to growing sustainable energy targets in line with falling prices of solar panels, inverters, and balance of system components will stimulate the product adoption. For instance, in January 2024, the Government of India launched its first on grid solar project with battery energy storage system at Lakshadweep islands. Rapid urbanization, industrialization, and economic growth will eventually increase the energy demand, thereby influencing the market dynamics.

 

 
Authors: Ankit Gupta, Srishti Agarwal
Frequently Asked Question(FAQ) :
What is the size of the Asia Pacific on-grid solar PV market?
Asia Pacific market size for on-grid solar PV was reached USD 71.5 billion in 2023 and will exhibit a 4% CAGR from 2024 and 2032, attributed to rising energy demands, coupled with efforts to reduce carbon emissions and declining costs of solar technology.
What factors are driving the demand for utility-scale grid solar PV in APAC?
How big is the on-grid solar PV market in China?
Which are the leading firms operating in the Asia Pacific on-grid solar PV market?
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    Authors: Ankit Gupta, Srishti Agarwal
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    Base Year: 2023

    Companies covered: 13

    Tables & Figures: 250

    Countries covered: 10

    Pages: 150

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