As
per Market Research Future (MRFR)’s report, the global floating solar panels
market is set to foresee significant growth in the upcoming years. Floating
solar panels is a sophisticated technology developed for overcoming issues
associated with conventional panels, such as high maintenance cost, land scarcity,
etc. These panels are poised to gain traction over the next couple of years
owing to its mobility and flexibility according to the sun’s position.
MRFR’s
report offers an unbiased commentary on the global floating solar panels market
highlighting the current market status, ongoing industry trends, and key
developments. It also analyzes the micro and macroeconomic factors that are
poised to influence the market prospects. The scope of the report covers
different products such as stationary floating solar panels and tracking
floating solar panels. It also studies the market on the basis of location,
which includes offshore and onshore. The regional analysis of the market covers
Europe, Asia Pacific, North America, and the Rest of the World.
The
demand for floating solar panel is excessively increasing in the countries that
are prone to droughts and countries with massive water bodies. Furthermore, the
initiatives undertaken by the governments across the world for promoting the
shift towards renewable energy have a favorable impact on the expansion of the
floating solar panels market. These panels can also be installed in
hydroelectric plants which is likely to drive the growth of the market in the
forthcoming years. However, high installation cost remains an impediment to the
market proliferation.
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Market Segmentation:
The
global floating solar panels market has been segmented on the basis of product
and location. Based on product, the floating solar panels market has been
segmented into stationary floating solar panels and tracking floating solar
panels. The stationary solar panels segment is expanding significantly in the
global floating solar panels market owing to the high adoption of these panels
as a result of their cost-effectiveness as compared to other types of floating
solar panels. Based on location, the floating solar panels market has been
segmented into onshore and offshore.
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Regional Analysis:
Geographically,
the global floating solar panels market has been segmented into four major
regions such as Asia Pacific, North America, Europe and the rest of the world.
Limited availability of land for building solar power plants and rapid
depletion of non-renewable energy sources such as fossil fuels are inducing
high demand for floating solar panels in the Asia Pacific region, leading to
the significant growth of the floating solar panels market in this region. High
penetration of advanced technology that is being utilized for harvesting energy
from renewable resources in order to meet the increasing energy demand is
fueling the growth of the floating solar panels market in the North America
region. Government emphasis on shifting towards renewable energy sources for
energy generation and rising environmental awareness are propelling the growth
of the floating solar panels market in the Europe region
Key players:
The
leading players operating in the global floating solar panels market are GEITS,
Yingli Solar, SPG Solar, Suntech Power Holdings Co. Ltd., Ciel & Terre,
Wuxi Suntech Power Co. Ltd., Kyocera Corporation, Trina Solar Limited, Japan
Mega Solar Power Co., Solaris Synergy, and Sharp Corporation.
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About Market Research
Future:
MRFR
team have supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help to answer all their most important
questions.
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