![Global Photovoltaic Modules Market](https://res.cloudinary.com/devmoveo/image/upload/v1684310847/skyquest/gallery/Global-Photovoltaic-Modules-Market.jpg)
Report ID: SQMIG10B2059
Report ID:
SQMIG10B2059 |
Region:
Global |
Published Date: March, 2024
Pages:
178
|
Tables:
65 |
Figures:
75
Asia Pacific dominated the global market. The growth of this region is attributed to the increasing demand for clean energy and the favorable government policies and initiatives to promote the adoption of solar energy in countries such as China, India, and Japan. For instance, China's National Energy Administration aims to install 60 GW of solar power by 2024, and India plans to achieve a target of 100 GW of solar power by 2024. Additionally, the declining cost of solar energy and the growing investment in renewable energy projects are further driving the growth of the photovoltaic modules market in the region.
The fastest-growing region in the global market is the Middle East and Africa. The growth of this region is attributed to the rising demand for energy and the increasing focus on diversifying the energy mix towards renewable sources. For instance, in 2019, the UAE launched the Emirates Water and Electricity Company (EWEC) tender for a 2 GW solar photovoltaic project, which is one of the largest solar projects in the world. Additionally, the governments in countries such as Saudi Arabia and Egypt are also investing heavily in solar energy projects to reduce their dependence on fossil fuels and promote sustainable development.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG10B2059