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NEW YORK, May 21, 2021 /PRNewswire/
The Global Solar Panels market will grow by USD 29 Billion as we reach 2024. This is due to the impact of the COVID-19 pandemic in 2020. However, a healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 11%.
Solar Panels Market Procurement Research Report
Read the 120-page research report with TOC and LOE on Global Solar Panels Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend.
by Type (Single Girder and Double Girder), Business Type (OEM and Aftersales), and End User (Automotive, Metal & Mining, Paper, Utility, Aerospace, Shipyards, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global overhead cranes industry generated $3.77 billion in 2019, and is expected to generate $5.04 billion by 2027, witnessing a CAGR of 4.9% from 2020 to 2027.
Drivers, restraints, and opportunities
Rise in government investment in development of infrastructure activity, growth in need for workplace safety in industrial applications, and higher time optimization and reduced labor cost drive the growth of the global overhead cranes market. However, limited availability of skilled workforce to complete operation and time requirement for supply chain restrain the market growth. On the other hand, surge in investment in the manufacturing sector present new opportunities in the coming years.