SOLAR PHOTOVOLTAIC (PV) MARKET ANALYSIS

Regional Analysis

Global Solar Photovoltaic (PV) Market: Regional Insights

Based on geography, the global solar photovoltaic (PV) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Regionally, Asia Pacific is the largest market for solar PV and will grow at a strong pace during the forecast period. The region is witnessing a significant rise in the adoption of solar photovoltaic panels due to growing awareness about using clean energy. In addition, a number of governments in the Asia Pacific region have launched various policies to encourage the use of solar energy.

Europe is also a major market for solar PV and will continue to expand at a rapid pace during the forecast period. The region is characterized by high levels of sunshine and favorable policies for promoting solar energy. In addition, a number of European countries are offering incentives to promote the adoption of solar energy.

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Middle East & Africa: GCC Countries, Israel,  South Africa, North Africa, and Central Africa and Rest of Middle East