Browsing: BCC Research

BCC Research has developed a new analysis to investigate the market potential for solar power as the demand for solar energy continues to increase in the public, private, and political spheres.

The solar energy consulting company forecasts that the global market for solar power will be worth more than 182 billion dollars in 2022, and the Solar Power Industry to Generate US$372 Billion by 2027.

  • BCC Research forecasts that the global market for solar power will be worth more than 182 billion dollars in 2022 and grow to approximately 372 billion dollars by 2027
  • This year, the value of the need for photovoltaics (PV) will account for around 93 per cent of the total
  • The remaining portion of the market is occupied by concentrated solar power (CSP) systems, which focus on the sun’s rays using lenses, mirrors, and tracking devices

PV dominates the market while CSP remains marginal

This year, …