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Stock impact report

Global Solar Power Market Expected to Exceed $290 Billion In 2028 As Demand Explodes

SunPower Corporation (SPWR) 
Last sunpower corporation earnings: 2/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.sunpower.com
Company Research Source: PR Newswire
PALM BEACH, Fla., July 14, 2021 /PRNewswire/ -- The sun rises every day, and every day so does the global solar power market. Its time has come. Solar power is the cleanest and most plentiful renewable energy source present on the planet. A recent report from Grand View Research said that the U.S. solar PV market is expected to witness significant growth on account of growing demand in commercial and residential segments. Subsidies and favorable regulatory framework are anticipated to drive market growth over the next several years, plus a sharp decline in equipment cost owing to a rise in installations particularly in California and New York are expected to continue through 2028. Another report from Fortune Business Insights projected that the global solar power market is expected to grow from 184.03 billion in 2021 to 293.18 billion n 2028 at a CAGR of 6.9%. The Grand View report added: "Application segments including residential, non-residential, and utility are expected to witness Show less Read more
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