Solar PV Supply Chain Market Set to Soar, Reaching $318.3 Billion by 2030
The global solar PV supply chain market is poised for remarkable growth, with a forecasted valuation of $318.3 billion by 2030, a substantial increase from the $125.8 billion achieved in 2022. The market is projected to witness a Compound Annual Growth Rate (CAGR) of 12.3% between 2023 and 2030, according to a recent report by Fairfield Market Research.
Key Trends Fueling Market Growth
Rising Demand for Renewable Energy: The increasing global demand for renewable energy sources, driven by concerns about climate change and environmental sustainability, is a key driver for the solar PV supply chain market.
Technological Advancements: Rapid technological advancements, especially in solar cells and inverters, have boosted supply chain efficiency and reduced costs, making solar energy more co...