DUBLIN--(BUSINESS WIRE)--The "Global Residential Solar PV Systems Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The residential solar PV systems market will register a CAGR of closed to 22% by 2022.
Development of zero-energy buildings to gain traction in the market
The concept of zero-energy buildings (ZEBs) is an energy efficient technology, in which the building produces its energy using renewables. The energy produced is equal to the amount of energy consumed on an annual basis.
Several countries in Europe such as Norway, Iceland, and Sweden rely on renewable sources for more than half of their total annual power demand due to the implementation of strict emission norms..
As solar power is necessary to change the battery in a power system, the low efficiency will require more solar PV panels, which will add to the cost of the entire system.
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