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Solar Energy Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029) The Solar Energy Market Report is Segmented by Technology (Solar Photovoltaic (PV) and Concentrated Solar Power (CSP)) and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa).
17 de jun. de 2024 · The global solar power market size was valued at USD 253.69 billion in 2023 and is projected to be worth USD 273 billion in 2024 and reach USD 436.36 billion by 2032, exhibiting a CAGR of 6% during the forecast period. North America dominated the solar power industry with a market share of 41.30% in 2023.
The global solar energy market size was valued at $94.6 billion in 2022, and solar energy industry is projected to reach $300.3 billion by 2032, growing at a CAGR of 12.3% from 2023 to 2032.
The global solar energy market size reached nearly 205.13 GW in 2023. The market is assessed to grow at a CAGR of 7.7% between 2024 and 2032, reaching around 400.22 GW by 2032. Key Takeaways. Three-quarters of all renewable capacity additions globally in 2023 came from solar PV alone.
Solar PV generation increased by a record 270 TWh (up 26%) in 2022, reaching almost 1 300 TWh. It demonstrated the largest absolute generation growth of all renewable technologies in 2022, surpassing wind for the first time in history.
The global solar market is growing exponentially. It took around a decade for world-wide solar capacity to reach 1 TW, from 100 GW in 2012. In just 3 years, SolarPower Europe predicts global solar to more than double to 2.3 TW in 2025.
EU electricity consumers are set to save an estimated EUR 100 billion during the 2021-2023 period thanks to newly installed solar PV and wind capacity. Accelerating renewable energy deployment in Europe since 2021 has mitigated the economic impact of the energy crisis.
