Global Solar Electric Power Generation Market is Estimated to Reach $435 b

   2019-09-06       102        Business
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Global Solar Electric Power Generation Market is expected to grow at a CAGR of 12.2% from 2017 to 2025. The report highlights the key trends, market outlook

Global Solar Electric Power Generation Market report published by Accurize Market Research forecast that the global market is expected to reach $435 billion by 2025; growing at a CAGR of 24.3% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

 

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Rising demand for energy along with growing part of renewable in power generation across the globe to drive the growth of the market

Rising demand for energy along with growing part of renewable power generation fuels the demand for the global solar electric power generation market. Furthermore, government support and supervision for solar energy projects in several countries also boosts the growth of the market.

 

Market Segmentation

 

The global solar electric power generation market has been bifurcated on the basis of technology, solar module, application, generation, and geography. By technology, the segmentation is given as photovoltaic cells, inorganic, organic, concentrated solar power systems, parabolic troughs, solar towers, and others. By solar module, the segmentation is given as mono-crystalline silicon cells,

 

polycrystalline silicon cells, cadmium telluride, amorphous silicon cells, and others. Further, agriculture & horticulture, architecture, transportation, and others are covered under the application segment. Furthermore, first-generation, second generation and third generation are covered under the application

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