Pv Module Market: Future Growth And Forecast With Significant Players 2020-2030
According to a new market report on the PV module market, published by Transparency Market Research, the global PV module market is expected to reach US$ 15.13 Bn by 2026, expanding at a CAGR of -7.7% from 2018 to 2026. According to the report, the global PV module market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at about -6.6% through 2026. Increasing residential use of PV module is anticipated to significantly drive the global PV module market across Middle East & Africa. Rising cost of electricity generation and government subsidies driving the global PV module market In the global PV module market, the rising cost of electricity generation and the subsidies offered by governments is leading to noteworthy growth in the market around the globe. Further, the global PV module market is showing significant growth i...