Research on the development trend of household solar container power supply

Why are cost-related factors important in the adoption of solar PV?

2. Methodology

Are market-related factors influencing consumers' adoption of solar PV?

Market-related factors are also found to be playing an important role in influencing consumers' adoption of solar PV. Approximately 12% of studies included in the review have examined the effect of such factors.

What factors influence solar PV adoption?

This paper systematically reviews the evidence presented in 146 peer-reviewed studies to identify the factors influencing solar PV adoption. The identified factors are grouped into eight factors: economic, environmental, personal, social, demographic, technical, market-related and regulatory.

Why are cost-related factors important in the adoption of solar PV?

The reviewed literature firstly reveals that cost-related factors are among the most important in the adoption of solar PV, due at least in part to the high cost of the technology .

Will the global solar PV market grow in 2025?

Despite these headwinds, the global solar PV market is still expected to grow by 10% in 2025, reaching 655 GW under the Medium Scenario (see Fig. 4). This would mark a continuation of the deceleration trend following the extraordinary 85% growth in 2023 and the more moderate 33% in 2024.

Do regulatory factors influence consumers' willingness to adopt solar PV?

Approximately 32% of studies included regulatory aspects when assessing consumers' willingness to adopt solar PV. Research conducted by Jirakiattikul et al. assessed the effectiveness of governments’ motivation in promoting solar energy and reported it to be an important factor in influencing widespread adoption.

Do high energy prices affect solar PV adoption?

However, the net value or overall economic benefit potentially brought by solar energy is closely linked to prevailing energy prices, with evidence suggesting that high energy prices positively affect the adoption of solar PV.