Solar Energy Market Business Prospects and Growth Projections

The solar energy market size is projected to reach US$ 58,3518.25 million by 2031 from US$ 28,0731.90 million in 2023. The market is expected to register a CAGR of 9.6% in 2023–2031. A key contributor of GHG (greenhouse gas) emissions that lead to climate change is power generation using fossil fuels. The utilization of solar energy is growing due to rising concern towards more sustainable and green energy alternatives, growing climate change concerns, and government initiatives towards boosting the usage of renewable energy across the globe.

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Top Key Major Players:-

  • JinkoSolar Holding Co Ltd
  • Canadian Solar Inc
  • Trina Solar Co. Ltd
  • First Solar Inc
  • ADT Solar
  • ACCIONA Energía
  • BrightSource
  • Abengoa SA
  • Heliogen Inc
  • Nextera Energy
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