Energy & Green Renewable Technology Market News

Research report explores the decline in solar PV system cost to benefit the residential solar energy market

Energy Market Research

Global Residential Solar Energy Market Analysis, By Geography (Market Overview, Market Size and Demand Forecast until 2023). A detailed research report from Research Cosmos

The emergence of the solar photovoltaic (PV) industry is likely to generate strong demand for the global residential solar energy market over the forecast period. In addition, the declining price of solar panels has also encouraged the governments across various nations to take more initiatives and provide subsidies, which, in turn, is expected to help in the growth of the residential solar energy market.

As a result, countries, such as Brazil, India, Mexico, and UAE started opting for solar PV and solar thermal solutions. Moreover, the distributed rooftop market, though expensive, is in competition with the solar PV retail prices.