Solar Photovoltaic (PV) Market Size, Share, By Technology [Crystalline Silicon (Monocrystalline silicon, Multi-crystalline silicon), Thin-Film (Cadmium Telluride, Copper Indium Gallium Selenide, Amorphous Silicon), Others (Perovskite solar cells, Organic solar cells, Dye-sensitized solar cells)], By Deployment (Rooftop, Private Ground-mounted), By End User (Commercial, Industrial, and Residential), and By Region- Trends, Analysis and Forecast till 2034

By Region, the Solar Photovoltaic (PV) Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. 

Asia Pacific is the leading market leader in the solar PV sector. The goal of a significant increase in power demand in recent years has been driven primarily by two forces: large government targets set in the region, primarily in China and India, for renewable energy, which have created a massive demand for solar power; and global manufacturing overdrive, particularly in China, which has driven the cost of solar panels down while increasing their accessibility to a much broader range of consumers and businesses.

North America is a mature market with a strong history of solar adoption. Established and improved rules with incentives such as feed-in tariffs and tax credits have resulted in growth in the solar PV industry. However, this region may see some headwinds in the future. Policy changes, tough competition from other areas with lower production costs, and a degree of saturation in developed markets may all provide barriers to expansion.