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Solar Photovoltaic (PV) Market Trends, Revenue, Major Players, Share Analysis & Forecast Till 2028

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The global  Solar Photovoltaic (PV) market  is expected to reach USD 40.76 Billion by 2028, according to a new report by Reports and Data. A rooftop solar photovoltaic setup is a photovoltaic system that finds application in the generation of electricity from the solar panel installed on the rooftop of a commercial or residential building. The market demand is propelled by various policies and efforts undertaken by governments across the world for the installation of Rooftop Solar Photovoltaic setups to reduce the consumption of energy generated from fossil fuels which is non-renewable source of energy. Solar photovoltaic setups can share a certain percentage of the rising demand for electricity owing to rise in automation, growth in industrialization as well as rise in the living standards of the people. Various policies and endeavors of governments across the world for the installation of Rooftop Solar Photovoltaic setups to reduce the consumption of energy generated from fossil fu