The Global Floating Solar Panels Market is expected to rise at annual rate 9.00% in the forecast period of 2021 to 2028 due to the high investments in renewable energy.
On the other hand, high cost of installation and dearth of resistance to corrosion in sea water is expected to obstruct the market growth. The easy availability of substitutes is projected to challenge the floating solar panels market.
According to Data Bridge Market Research the markets for the floating solar panels market is escalating due to the increase in demand due to shifting inclination of people towards power generation from renewable sources such as wind and solar and increase in energy demand. Additionally, rise in government initiatives to promote solar energy and cost-effective nature as well as the reductions in technology prices positively affect the floating solar panels market. Furthermore, high land acquirement cost and high capacity utilization factor extends profitable opportunities to the market players.
Now the question is which are the other regions that floating solar panels market is targeting? Data Bridge Market Research has estimated Asia-Pacific dominates due to the rise in government support, persistently increasing energy cost and rising awareness related to benefits related with the use of solar energy. Europe is expected to witness significant growth in the forecast period of 2021 to 2028 owing to the various policies such as quota requirements, production incentives and trading systems in the region.
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The floating solar panels market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Key Market Competitors Covered in the report
Above are the key players covered in the report, to know about more and exhaustive list of floating solar panels companies contact https://www.databridgemarketresearch.com/toc/?dbmr=global-floating-solar-panels-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Floating Solar Panels Market – Industry Trends and Forecast to 2028