Increasing demand for clean energy and technological advancements are likely to drive the Market in the forecast period.

According to TechSci Research report, “Solar Panels Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Solar Panels Market to Grow with a CAGR of 27.19% through 2029. A primary driver propelling the global solar panels market is the increasing emphasis on environmental sustainability and the urgent need to mitigate climate change. As the detrimental effects of fossil fuel consumption become more apparent, governments, businesses, and individuals are actively seeking cleaner and renewable alternatives. Solar panels offer a sustainable energy solution by harnessing the power of the sun, a virtually limitless and eco-friendly resource. The reduction of greenhouse gas emissions and the mitigation of climate change impacts are key motivators behind the growing adoption of solar panels globally.

Major companies operating in the Global Solar Panels Market are:

LONGi Green Energy Technology Co. Ltd
JinkoSolar Holding Co., Ltd.
First Solar, Inc.
Canadian Solar Inc.
Trina Solar Co. Ltd.
JA Solar Holdings Co., Ltd.
Hanwha Corporation
SunPower Corporation
GCL Technology Holdings Ltd.
Renhe Commercial Holdings Co., Ltd.