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| Region | Market Share (%) | Growth Rate (CAGR %) | Key Drivers | Challenges |
|---|---|---|---|---|
| North America | 35% | 15% | Government incentives, high electricity costs | High initial investment |
| Europe | 30% | 12% | Sustainability initiatives, strong regulations | Regulatory complexities |
| Asia-Pacific | 25% | 18% | Rising energy demand, rural electrification | Infrastructure challenges |
| Latin America | 7% | 10% | Exposure to sunshine, need for off-grid solutions | Economic instability |
| Middle East & Africa | 3% | 20% | Abundant sunlight, increasing investment in renewables | Political instability |