Photovoltaic Materials Market Share, Size Global Trend Factor, Segmentation, Business Growth, Top Key Players Analysis Industry, Opportunities and Forecast to 2027
Photovoltaic Materials Market–Market Overview Globally, photovoltaic materials market was valued at USD 15 billion in 2016 and is likely to reach USD 25 billion in 2022, expanding at CAGR of 8% between 2016 and 2022. This is attributed to the growing concerns regarding depleting natural resource and increasing carbon footprint has driven the innovation in the field of green energy. On the backdrop of increasing pollution resulted from overutilization of non-renewable energy sources the need for green source of energy is strongly felt by the world. In addition to this, with rapid industrialization, emerging economies in Asia Pacific, Latin America, and Africa are craving for energy. Moreover, Paris Agreement, Marrakesh Treaty, and other climate pacts are propelling the countries to adopt greener energy solutions. Additionally, with rising awareness about green trends, the future will lie in technologies that offer enhanced energy-efficient solutions at a low cost. Manufacturers who