Global Floating Solar Panels Market, By Product Type (Tracking Floating Solar Panels, Stationary Floating Solar Panels), Capacity (0.1-1 MW, 1-5 MW, ≥ 5 MW), Connectivity (On Grid, Off Grid), Location (Onshore, Offshore), Technology (Photovoltaic, Concentrated Solar Power (CSP), Concentrator Photovoltaics (CPV)), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Floating solar panels market size is expected to grow at a compound annual growth rate of 9.00% for the forecast period of 2021 to 2028. Data Bridge Market Research report on floating solar panels market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Floating solar panels generally consists of panels that are installed on water bodies such as ocean, lakes, irrigation ponds, canals and reservoirs. These panels are installed on water bodies which help to sustain the temperature of the silicon panels by keeping the effectiveness. These systems have a variety of benefits over traditional power generation systems such as secure and noiseless power generation.
The floating solar panels market is rising in demand due to shifting inclination of people towards power generation from renewable sources such as wind and solar. The high investments in renewable energy, increasing energy demand, and rising government initiatives to promote solar energy are also highly impacting the growth of the floating solar panels in the forecast period of 2021 to 2028. The cost-effective nature as well as the reductions in technology prices are also anticipated to flourish the demand of the floating solar panels market owing to the above mentioned reasons and is also is projected to grow substantially during the forecast period. Furthermore, the high land acquirement cost and high capacity utilization factor are also expected to push the growth of floating solar panels market in the above mentioned forecast period.
The major factor which actively drives the demand of floating solar panels market is the rapid increase in disposable incomes as well as growing networks of solar installers. Likewise, the growing environmental concerns and rapidly increasing investment in clean energy will further offer various growth opportunities for the growth of floating solar panels market over the forecast period of 2021 to 2028.
However, the high cost of installation and dearth of resistance to corrosion in sea water which restricts the use of floating solar panels are expected to impede the growth of the floating solar panels market in the above mentioned forecast period, whereas the easy availability of substitutes have the potential to challenge the growth of the floating solar panels market.
This floating solar panels market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on floating solar panels market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Floating Solar Panels Market Scope and Market Size
Floating solar panels market is segmented on the basis of product type, capacity, connectivity, location and technology. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the floating solar panels market is segmented into tracking floating solar panels and stationary floating solar panels.
- On the basis of capacity, the floating solar panels market is segmented into 0.1-1 mw, 1-5 mw and ≥ 5 mw.
- On the basis of connectivity, the floating solar panels market is segmented into on grid and off grid.
- Based on location, the floating solar panels market is segmented into onshore and offshore.
- The technology segment for floating solar panels market is segmented into photovoltaic, concentrated solar power (CSP) and concentrator photovoltaics (CPV).
Floating Solar Panels Market Country Level Analysis
Floating solar panels market is analyzed and market size, volume information is provided by country, product type, capacity, connectivity, location and technology as referenced above.
The countries covered in the floating solar panels market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the floating solar panels market because of the increasing government support, persistently increasing energy cost and rising awareness related to benefits related with the use of solar energy within this region. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the various policies such as quota requirements, production incentives and trading systems in the region.
The country section of the floating solar panels market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Floating Solar Panels Market Share Analysis
Floating solar panels market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to floating solar panels market.
The major players covered in the floating solar panels market report are Sulzer Ltd., KYOCERA Corporation, Trina Solar, Yellow Tropus Pvt. Ltd., Wuxi Suntech Power Co., Ltd., Solaris Green Energy, NOVATON, Pristine Sun Corp, Ciel & Terre International, LONGi Solar, Solaris Synergy, Sunengy, Vikram Solar Limited, JA SOLAR Technology Co., Ltd., Hanwha Group, Talesun, Suniboat, AKUO ENERGY, NRG Island, SUNGROW, Adtech Systems and SHARP CORPORATION among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Floating Solar Panels Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.