Photovoltaic Market Trends, COVID-19 Impact, and Forecasts 2021-2027

Global Photovoltaic Market size was valued at US$ 76.60 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 8.1% through 2021 to 2027, reaching nearly US$ 132.13 Bn.
Global Photovoltaic Market Overview:

The global Photovoltaic market was valued at US $76.60 Bn. in 2020, and it is expected to reach US $132.13 Bn. by 2027 with a CAGR of 8.1% during the forecast period. Photovoltaic (PV) is the technology or a process of converting light (Sunlight) into electricity by using certain types of material such as semiconductors. These semiconducting materials exhibit the photovoltaic effect.

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