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The solar photovoltaic(PV) market size is forecast to increase by USD 53.5 billion and is estimated to grow at a CAGR of 8.79% between 2023 and 2028. The market outlook report encompasses historical market data spanning from 2018 to 2022. This period witnessed a swell in demand driven by the escalating emphasis on decarbonization among companies, breakthroughs in thin-film solar photovoltaic cells and photovoltaic inverters, and the expansion of grid electrification initiatives. However, the market faces challenges including competition from alternative energy sources, the intermittent nature of the systems, and the substantial initial investment and maintenance costs associated with them. Despite these hurdles, the market's trajectory remains promising as advancements continue to enhance the efficiency and affordability of solar technology. With a growing global focus on sustainability and renewable energy, these systems are poised to play a pivotal role in shaping the future energy landscape, driving further innovation and adoption worldwide.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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