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Technavio has been monitoring the crystalline silicon solar PV modules market and it is poised to grow by $ 46.90 bn during 2021-2025, progressing at a CAGR of almost 19% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio has announced its latest market research report titled Global Crystalline Silicon Solar PV Modules Market 2021-2025 (Graphic: Business Wire)
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the crystalline silicon solar PV modules market. The market growth in 2021 is likely to Increase compared to the market growth in 2019.