Floating Solar Panels - MARKET ADVISORY SERVICES
Floating solar panels are also referred as floating solar farms or floating solar arrays, referring to an array of photovoltaic (PV) panels on a structure that floats on a water body typically a lake or a reservoir.
A Floating solar panels system built on water conserves land space increases the overall efficiency of the solar panel, and provides several environmental benefits, including reduced evaporation of water.Our market research analysts have predicted that based on products, the stationary solar panels segment will account for the maximum share of the floating solar panels market throughout the next few years.In terms of geographic regions, APAC was the major contributor to the market.
Though the region will experience a reduction in its market shares in the coming years, it will continue to account for the major shares of the floating solar panels market till.
Global Floating Solar Panels market size will increase to 1847.69 Million US$ by 2025, from 163.20 Million US$ in 2017, at a CAGR of 36.1% during the forecast period 2018-2025.
In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Floating Solar Panels.This report researches the worldwide Floating Solar Panels market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.This study categorizes the global Floating Solar Panels breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the onshore floating solar market include Ciel and Terre International, Swimsol, Yellow Tropus Pvt.
Ltd., Adtech Systems Limited, Sungrow, EDP S.A. (China Three Gorges Corporation), Ocean Sun AS, KYOCERA Corporation, and Waaree Energies Ltd..
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Onshore Floating Solar Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/onshore-floating-solar-market/download-sampleMarket DynamicsThe rapid depletion of fossil fuel, increasing popularity of solar panels, and rising demand for uninterrupted power supply from industries and the rapidly growing population are the key driving factors for global onshore floating solar panel market growth.
Manufacturers in Asia are planning to set up renewable energy plants and integrate them with power grids in order to achieve universal electrification, which will, in turn, increase the demand for solar panels.
Furthermore, the growing interest in the commercial sector and the tax rebate given by the government on floating solar panels will expand the solar panel market.
