PV Module Market to Grow at 7.7 % CAGR as Solar Becomes Mainstream Power Source
In 2024, the global PV module market is valued at US$ 162.4 billion, and it is projected to expand at a CAGR of 7.7% from 2025 to 2035, reaching approximately US$ 371.6 billion by 2035. The demand surge is further propelled by global net-zero commitments and increasing integration of solar energy into national power grids.
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