Solar Photovoltaic Installation Sector to Grow at 13.5% CAGR

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2026-02-16 14:25:47

The global solar photovoltaic (PV) installation market was valued at USD 279.4 billion in 2024 and is projected to reach USD 1,063.4 billion by the end of 2035, expanding at a CAGR of 13.5% from 2025 to 2035. The strong growth outlook is driven by rising adoption of clean energy, declining solar module costs, supportive government incentives, and increasing investments in utility-scale and...

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