Global Floating Solar Panels Market Analysis:
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.
The land base alternative in case of floating solar panel reduces that
cost and maintenance efforts that makes it economical and beneficial renewable
energy solution. The rapid depletion in fossil fuel today is creating an
extensive market for alternative renewable energy resources in which the
contribution of floating solar panel seems outstanding in future.
The floating solar panel has highly efficient silicon solar panels. This
efficiency is maintained by the cooling effect of evaporating water on the
silicon panels. The floating solar panels can be adjusted according to the
position of the sun. The environmental benefit of floating solar panels is that
it inhibits algae growth in water.
Investment in research and development by enterprises and tracking
technology in a floating solar panel is leveraging the floating solar panels market.
Global
Floating Solar Panels Market Segmentation
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.
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.
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