Asia Pacific industry is estimated to hold largest revenue share by 2037, backed by abundance of sunlight all around the year in countries, such as, China, Japan, Vietnam, India, and others. The growing government investment in renewable energy sources, in countries such as China, India, Japan, and Thailand, is further projected to boost the market growth.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the technological advancement, growing public awareness, increasing adoption of solar farms as a commercial activity, and growing government investment in renewable energy sources.
Author Credits: Dhruv Bhatia
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