Solar Panels Market Size, Revenue Analysis, Opportunities, Trends, Product Launch, 2030
Solar Panels Market Analysis Solar Panels Market is projected to be worth USD 1,46,080 Million, registering a CAGR of 7.10% during the forecast period. COVID-19 Impact on the Worldwide Market COVID-19 has had a significant impact on all businesses across the world. Due to the rapid growth, government worldwide have taken stronger measures for the operation of industrial plants and offices, resulting in stricter lockdowns. The lockdown had a major influence on the power sector overall, as power demand from commercial and industrial sectors had reduced significantly. Strong Demand for Energy Generation from Renewable Energy Sources Since sunlight is a plentiful and unrestricted energy source, solar power is one of our planet's most important energy sources. The amount of sunlight-based energy that arrives at the Earth's surface in one hour exceeds the planet's total energy requirements for an entire year. Because of the increased emphasis on decreasing carbon emissions and...