Solar Panel Market Size Was Valued at USD 34.16 Billion in 2023 and is Projected to Reach USD 54.84 Billion by 2032, Growing at a CAGR of 5.4% From 2024-2032. A Solar Panel is an apparatus that transforms Sunlight into Electricity with the help of Photovoltaic cells which generate electrons when sun's rays fall on them. They are usually installed in groups which are referred to as arrays or...