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[Market Report] Global Market for Distributed Solar Power Generation

[Market Report] Global Market for Distributed Solar Power Generation

The rapidly growing global market for decentralized solar power is expected to reach 238.3 billion USD by 2031.

The global decentralized solar power market has experienced unprecedented growth, with sales reaching approximately $129.96 billion in 2022. Forecasts suggest that this remarkable market will continue to grow rapidly, estimated to reach $238.3 billion by 2031. This growth trajectory reflects a robust compound annual growth rate (CAGR) of 6.97% during the forecast period from 2023 to 2031. The global decentralized solar power market plays an extremely important role in the world's energy transition. It enables individuals, businesses, and communities to actively participate in sustainable energy production and reduce their environmental impact. Please check the application method via the [PDF download] button or apply directly through the related links.

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[Market Research Report] Distributed Solar Power Generation Market

[Market Research Report] Distributed Solar Power Generation Market

Prospects for Distributed Solar Power Generation: Trends and Future of the Japanese Market - Revenue of $238.3 billion by 2031, CAGR of 6.97%

The global decentralized solar power generation market is expected to see revenue growth from $129.96 billion in 2022 to $238.3 billion by 2031, with a projected compound annual growth rate (CAGR) of 6.97% during the forecast period from 2023 to 2031. Current Market Trends Japan plays a leading role in the adoption of decentralized solar power generation in the Asia-Pacific region. The government announced a basic renewable energy plan in 2021, setting a target to increase the share of electricity supply from renewable energy sources from 24% to 36% by 2030. This policy includes subsidies and tax incentives to promote the installation of decentralized solar power generation. The growth of the market is being driven by technological advancements and cost reductions. As the efficiency of solar panels improves and installation costs decrease, more households and businesses are opting to adopt solar power generation. Furthermore, advancements in battery storage technology are enhancing the convenience and economic viability of solar power generation. For application methods, please check the [PDF download] button or apply directly through the related links.

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