Floating
Solar Panels Market Synopsis
Market Research Future (MRFR) in
its latest report reveals that the global floating solar panels market is set to
expand rapidly in the forthcoming years. Floating solar panels are witnessing a
strong commercial interest. Solar energy is an alternative solution to rapidly
depleting fossil fuel. Floating solar panel also referred to as floating
photovoltaic (FPV) is a well-organised array of solar panel on water body on a
lake or artificial basin. With rapid depletion of fossil fuels and other
non-renewable energy sources, research has increased to develop new techniques
for harvesting energy from renewable sources. Photovoltaic systems are being
vastly utilized for harvesting solar energy with the help of solar panels that
are installed on large land areas.
Market
Segmentation
Segmentation of the global floating
solar panel market is based on product, location and region.
Based on the product, the floating
solar panel market is segmented into the stationary floating solar panel and
tracking floating solar panel.
Based on location, the floating
solar panel market is segmented into onshore and offshore. The tax relaxation
offered by the government is driving the growth of the onshore floating solar
panel segment.
The offshore floating solar panel
is responsible for renewable decentralized distribution of energy. This, in
turn, is creating sustainable development in power generating systems. Hence an
advantage to global floating solar panel market growth.
Based on region Market Research
Future studied the floating solar panel market in North America, Europe, Asia
Pacific and rest of the world (ROW). Increased demand for floating solar panel
is observed in countries prone to drought and countries with massive water
bodies.
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.
The
Prominent Companies
GEITS, Wuxi Suntech Power Co.,
Ltd., Yingli Solar, SPG Solar, Ciel & Terre, Kyocera Corporation, Japan
Mega Solar Power Co., Suntech Power Holdings Co., Ltd., Solaris Synergy, Trina
Solar Limited, and Sharp Corporation are the key companies operating in the
floating solar panel market.
About
Market Research Future:
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