Market Size of France Distributed Solar Power Generation Industry
|Study Period||2019 - 2028|
|Base Year For Estimation||2022|
|Forecast Data Period||2023 - 2028|
|Historical Data Period||2018 - 2021|
|CAGR||> 12.00 %|
*Disclaimer: Major Players sorted in no particular order
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France Distributed Solar Power Generation Market Analysis
France distributed solar power generation market is expected to grow at a CAGR of more than 12% during the forecast period of 2020 - 2025. Factors such as rising environmental concerns and high cost of grid expansion are expected to be major drivers driving the market. Also, advancement in technology leading to solar panel manufacturing cost reduction and increase in efficiency has been a major factor for the growth of France's distributed solar power generation market. However, the widespread generation of electricity from nuclear power in the country has somewhat hampered the growth of the market.
- The gradual shift from energy generation from conventional sources such as coal and natural gas to clean energy is expected to help grow France distributed solar power generation market.
- Commercial and industrial sectors are showing a growing interest in distributed solar power generation due to various economic benefits and a constant source of energy to eliminate downtimes and equipment damage due to voltage fluctuations in conventional power grids. This has created a huge opportunity for distributed solar power generation market in the region.
- France is expected to witness significant growth in the forecast period, over rising environmental concerns, and economic benefits of domestic distributed solar power generation.