SMPP Software
 
Apac Solar Panel Market Research and Forecast 20182023
SMPP Software ProviderThe APAC solar panel market is expected to grow at a high CAGR during 2018-2023.A variety of factors such as environmental concern, lack of oil and gas resources, and demand for energy due to rise in population are driving the APAC solar panel market. Increased carbon emission due to the fossil fuel and need of unlimited clean energy are reasons behind the growth of APAC solar panel market. Government as well as other big players are investing in the market and government incentives is another motivating factor in this region. Competition with well-established oil and gas market and lack of proper energy storage and energy transportation facility is a major restraint of market which hindered the growth of the APAC solar panel market. China is the leading market in APAC region. In 2016, the cumulative photovoltaic capacity of China was increased by 34 gigawatt (GW) and reached at 77 GW. The region has as many diversified solar policy environments as its number of countries.
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  • JoinedSeptember 5, 2018
  • Country India

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