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Solar PV Module Market Size
- Report ID: GMI1563
- Published Date: May 2023
- Report Format: PDF
Solar PV Module Market Size
Solar PV Module Market size valued at USD 191.8 million in 2023 and is projected to expand at 5% CAGR between 2024 and 2032. A solar PV module, also known as a solar panel or photovoltaic module, is a device that converts sunlight directly into electrical energy using the photovoltaic effect.
Ongoing technology advancements, increasing consumer and regulatory preferences for clean energy sources, and lower solar energy prices in line with growing funding will propel the business scenario. Furthermore, favorable regulations and incentives such as auctions, tariffs, and tax exemptions will fuel the industry outlook.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Solar PV Module Market Size in 2023: | USD 191.8 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 295.2 Million |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 500 |
| Tables, Charts & Figures: | 1,916 |
| Segments covered: | Technology, Product, Connectivity, Mounting, End-Use, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Solar PV Module Market Scope
