India, Aug. 4 -- The market value for key energy technologies - solar PV, wind, batteries, electric vehicles, heat pumps and electrolysers - has reached record levels last year after sustaining average annual growth of around 20 percent over the past decade, according to the International Energy Agency.
The market value surpassed $1.1 trillion in 2025 despite continued price declines for many technologies. During the period 2023-2025 alone, solar PV module prices fell by around 50 percent and battery pack prices by around 30 percent.
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