Global PV Module Market - Pune

Global PV Module Market revenue was valued US$ 32.9bn in 2019 and is expected to decline at CAGR of xx% to reach at xx Bn in forecast period.

Global PV Module Market

Global PV Module Market Overview:

Photovoltaic (PV) Cells are used for the conversion of light into electricity using semiconducting materials that exhibits the photovoltaic effect. A photovoltaic system uses solar modules, which consists of a number of solar cells. Solar panels play major role in global transition to sustainable energy, which is required to reduce the global warming effect by decaying CO2 emission. After hydro and wind power, PV has emerged as a third largest renewable energy source in terms of capacity.

The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

Global PV Module Market Dynamics:

Increasing government concern towards greenhouse gas (GHG) emissions and Favorable regulatory schemes, net metering and subsidies to enhance the adoption of solar energy will complement the market growth in forecast period. Advancements in the R&D activities to improve the operational performance, and rising prices of fossil fuels are some of the key drivers for the PV module market. Increasing energy demand due to the rising population, and need for sustainable energy resources are anticipated to provide lucrative opportunities for the market.

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