According to a new research report published by Glob Market Research, titled, "GLOBAL SOLAR ENERGY MARKET – SIZE, TRNEDS OVERVIEW, COMPONENTS, TYPE, MATERIALS, APPLICATIONS AND FORECAST 2023" the global solar energy market was valued at $60 billion USD in 2015, and is projected to reach $366 billion USD by 2023, growing at a CAGR of 19.82% from 2015 to 2023.
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The global solar energy market is on it’s boom. In recent 5 years the market have experience a massive growth of investment in the industry. Researchers have noticed a huge proportion of demand for solar energy in the power sector. Solar energy account around 50 percent of the total natural energy produced all over the world.
Sun provides an enough amount of energy in one minute that will fulfil the electricity requirement of whole world for almost one year. The energy we receive from sun in one day, can be consumed by the world population for next 27 years. Solar energy is free and inexhaustible resource of energy.
Consumers now a days are becoming more aware of renewable energy sources. Hence more and more businesses have started thinking solar energy as source of energy to run their day to day business activities. Investors have started thinking investing in newly started solar energy business.
Geographically, the global solar energy market is divided into north America, Europe, APAC (Asia-Pacific) and LAMEA (Latin America Middle East Africa). Out of all, USA, India and China are leading countries is solar energy market. China has been recorded as the top leader in renewable energy market. China is expected to contribute around 30% of the total renewable energy market globally by 2025. China is also a global leader in hydropower generation, bioenergy and electric vehicles.
Our Global solar energy market research report 2018 offers a comprehensive review of current levels of adoption of the solar renewable power and of likely future trends. It provides a multi-stakeholder view of the industry, considering both the experience and perspective of companies that have exploited the technology, complemented by case studies, as well as reflecting financial developments on the supplier side. The study incorporates the findings of Glob Market Research’s solar energy market global Survey, conducted in well professional research environment.About Us:
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