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Asia Pacific On Grid Solar PV Market Trends

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

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Asia Pacific On Grid Solar PV Market Trends

Growing adoption of digital technologies facilitating remote monitoring, operation, and maintenance of the systems coupled with its key features including distributed generation which contributes to enhance energy resilience by diversifying the energy mix will drive the business scenario. In addition, the major authorities are continuously adopting solar energy to fulfill clean energy requirements across multiple application, which will augment the business landscape.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

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.

Asia Pacific utility-scale grid solar PV market is anticipated to exceed USD 56 billion by 2032, owing to the increasing focus on large-scale solar projects to meet growing energy demands sustainably in the region.

China on-grid solar PV industry size will register USD 51 billion by 2032, fueled by the massive investments in solar energy infrastructure and its ambitious renewable energy targets.

Prominent Asia Pacific on-grid solar PV market players are Amplus Solar, Canadian Solar, First Solar, Havells India Ltd., Indosolar, JA SOLAR Technology Co., Ltd, JinkoSolar, LONGi, LOOM SOLAR PVT. LTD., Rays Power Infra, RISEN ENERGY Co., LTD, Sunova Solar, Trina Solar among others.