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Solar Energy Market Set To Grow to $1.6 Trillion by 2034
Market Intelligence Analysis
AI-Powered
Why This Matters
The global solar energy market is expected to quadruple in value to $1.6 trillion by 2034, driven by a push for carbon reduction and sustainable power generation, with a compound annual growth rate of 15.2%.
Market Impact
Market impact analysis based on bullish sentiment with 78% confidence.
Sentiment
Bullish
AI Confidence
78%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The global solar energy market, driven by a push for carbon reduction and sustainable power generation, is projected to quadruple its valuation over the next decade, despite persistent challenges related to power generation variability, according to a new report from Allied Market Research. The report estimates the market was valued at $0.4 trillion in 2024 and is forecast to reach $1.6 trillion by 2034. This growth trajectory reflects a compound annual growth rate of 15.2% from 2025 to 2034, fueled by technological advancements in photovoltaic…
Original article published by
OilPrice.com
on November 18, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.