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| Region | 2021 Market Share (%) | 2022 Market Share (%) | Projected Growth Rate (2023-2028) (%) | Key Drivers |
|---|---|---|---|---|
| North America | 30 | 32 | 15 | Government incentives, increasing energy costs |
| Europe | 45 | 46 | 12 | Renewable energy policies, environmental awareness |
| Asia-Pacific | 20 | 22 | 20 | Urbanization, increased electricity demand |
| Latin America | 3 | 4 | 25 | Increasing solar energy adoption |
| Middle East & Africa | 2 | 3 | 18 | Abundant solar resources, energy security |