Market Size of Italy Distributed Solar Power Generation Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 10.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Italy Distributed Solar Power Generation Market Analysis
The market for distributed solar power generation in Italy is expected to grow at a CAGR of more than 10% during the forecast period of 2020 - 2025. Factors such as rising environmental concerns, ambitious solar PV targets, and supportive incentives are the major drivers driving the market. Also, advancement in technology leading to solar panel manufacturing cost reduction and increase in efficiency have been a major factor for the growth of distributed solar power generation market. On the other hand, high initial costs, lack of general awareness, and constitutional issues are some of the factors that hinder the market growth over the forecast period.
- The residential sector is expected to witness significant demand for distributed solar power generation in Italy over the forecast period.
- The innovation of new technologies and the capability of manufacturing solar PVs domestically are likely to create immense opportunities for the market studied.
