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On-Grid Solar PV Market Size
- Report ID: GMI5975
- Published Date: Jun 2023
- Report Format: PDF
On-Grid Solar PV Market Size
On-Grid Solar PV Market size valued at USD 157.5 billion in 2022 and is projected to grow at over 5.2% CAGR from 2023 to 2032. On-Grid Solar PV refers to a solar photovoltaic system that is connected to the electrical grid. It generates electricity from sunlight using solar panels and feeds the power directly into the grid. This type of solar system is commonly used in urban and suburban areas where there is access to an existing electrical grid infrastructure.
Growing adoption of clean and renewable energy along with requirement to reduce dependence on fossil fuels will drive the industry growth. Moreover, rising concern about climate change and need to transition to sustainable energy sources have increased the demand for solar power which will complement the business scenario
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| On-Grid Solar PV Market Size in 2022: | USD 157.5 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5.2 % |
| 2032 Value Projection: | USD 255.6 Billion |
| Historical Data for: | 2019 to 2021 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 531 |
| Segments covered: | End-Use, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
On-Grid Solar PV Market Scope
