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Floating Solar Panels Market By Product (Stationary Floating Solar Panels, Solar Tracking Floating Panels), By Location (Offshore Floating, Onshore Floating) - Growth, Future Prospects And Competitive Analysis, 2016 - 2023

Floating Solar Panels Market

This report titled “Floating solar Panels Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2023” offers strategic insights into the floating solar panels market trends along with the market size and forecast for the duration of 2013 to 2023. The said research study incorporates an in-depth analysis of multiple market segments based on product type, location, and geographical distribution.

The global floating solar panels market is becoming increasingly competitive, with many startups entering the market. In addition, several players are also focused on developing their niche in the market. The rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America, MEA, and Asia Pacific.

Based on product type, the global floating solar panels market is categorized into stationary floating solar panels and solar-tracking floating panels. In addition, floating solar panels manufacturing companies, distributors, and academic organizations form the major client types for the floating solar panels market. Market size (US$ Mn) and forecast for all the considered segmentation are presented in this report for 2013-2023, along with their respective CAGRs (%) for 2016-2023.

Regarding geographical distribution, the global floating solar panels are studied for five major regions: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Market size and forecast for each regional and country-level market are included in the report for the considered periods. 

The geographical distribution of the global floating solar panels market is performed as follows:

  • North America
  • US.
  • Canada
  • Europe
  • Italy
  • France
  • UK.
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of Asia-Pacific
  • Latin America
  • Brazil
  • Chile
  • Rest of Latin America
  • Middle East and Africa (MEA)

Along with the quantitative information sets, this report provides qualitative information such as market dynamics and an executive summary of the global floating solar panels market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. Finally, this study concludes with the company profiles section. This section includes major information about the key companies engaged in developing and providing floating solar panels.

Based on the product type, the global floating solar panels market is segmented as follows:

  • Stationary Floating Solar Panel
  • Tracking Floating Solar Panel

Solar photovoltaic (PV) panels are used as an eco-friendly and renewable source of energy-based power generation technology worldwide. Solar panels are installed on rooftops and free land, but the land was a major issue due to high occupancy of space and unavailability of large free space issue. However, these issues were resolved by introducing floating solar panel technology.

Based on product type, the floating solar panels market is segmented into stationary and solar-tracking floating panels. Between the two, stationary floating solar panels accounted for a larger revenue share and are expected to retain their position in the global floating solar panels market during the forecast period. Stationary floating solar panels have many benefits over the solar tracking floating panels, for instance, increased evaporation control and efficiency owing to the cooling effect of water.

Based on the location, the global floating solar panels market is segmented as follows:

  • Offshore Floating
  • Onshore Floating

By location in 2015, onshore floating accounted for the largest market share of the global floating solar panels market in terms of revenue and is projected to maintain its dominance over the forecast period. It is also projected to be the fastest-growing segment. The segment is expected to witness high growth due to the increased efficiency of solar PV coupled with the associated advantage of floating solar PV to prevent evaporation loss of water. Furthermore, increasing private and utility investors’ investments in deploying large-scale photovoltaic projects across various ponds, dams, and riverbeds will further complement the industry outlook.

For this study, the global floating solar panels market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

For this study, the floating solar panels market is categorized into regional markets, viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2015, Asia Pacific was observed to be the largest market for floating solar panels. The Asia Pacific is also anticipated to witness high demand for floating solar panels. Growing investment in floating solar panels coupled with favorable regulatory support is expected to augment the growth of solar panels in Japan, China, and India. Further, countries such as South Korea, Thailand, Malaysia, Australia, and the Maldives are projected to increase their investment in the development of floating solar panel plants during the forecast period. In addition, the Yamakura Dam project in Japan is expected to drive the demand for floating solar panels over the forecast period. In Europe, U.K. was estimated to be the largest country-level market in 2015 and is also anticipated to witness high growth during the forecast period. Upcoming projects, such as the construction of Europe’s largest floating solar power farm with 23,000 solar panels on the Queen Elizabeth II reservoir at Walton-on-Thames, are anticipated to drive the demand for floating solar panels in the region during the forecast period. North America, Latin America, and Middle East & Africa are also projected to witness strong growth during the forecast period.

Frequently asked questions :

The market for Floating Solar Panels Market is expected to reach US$ XX Bn by 2023.

The Floating Solar Panels Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2016-2023.

The base year of this report is 2021.

Ciel Et Terre International, Solaris Synergy, Sunengy Pty Ltd., KYOCERA Corporation, Trina Solar Limited are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Mar 2017
Category:  Energy Utilities
Report ID:   57845
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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