Rising Renewable Energy Adoption Driving Expansion of the Photovoltaics Market Worldwide The global photovoltaics market, valued at USD 604.02 billion in 2024 and projected to grow at a CAGR of 9.2% from 2025 to 2034, reflects one of the most transformative shifts in global energy systems. As governments, corporations, and households intensify their commitments toward decarbonization, solar photovoltaic (PV) technologies have emerged as the backbone of clean energy expansion. The...
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