Solar Equipment Market Share

North America Market Statistics

On the basis of regional analysis, the global solar power equipment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa regions. North America industry is estimated to hold largest revenue share by 2036, attributed to growing deployment of solar farms in several nations in the region, followed by lucrative federal tax credit incentives initiated by the government of the U.S. for the greater adoption of solar equipment.

APAC Market Analysis

Alternatively, the market in the Asia Pacific is projected to grow with the highest CAGR during the forecast period, backed by the growing awareness amongst the customers, and the rising concern for the environment.