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| Region | Market Share (%) | Growth Rate (2023-2028) (%) | Key Drivers | Challenges |
|---|---|---|---|---|
| North America | 35 | 8 | Government incentives, Growing demand for renewable energy | High installation costs |
| Europe | 30 | 7 | Strong regulatory support, Increased solar adoption | Market saturation in some regions |
| Asia-Pacific | 25 | 10 | Rapid urbanization, Investment in renewable energy | Regulatory hurdles, Infrastructure challenges |
| Latin America | 5 | 9 | Growing interest in sustainability | Economic instability |
| Middle East & Africa | 5 | 6 | Abundant sunlight, Increasing awareness about solar solutions | High dependency on fossil fuels |