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Market Research Future Insights
The Global Floating Solar Panels Market is estimated
to be worth USD 4.3 Billion by 2030, registering a 24.40% CAGR during the
forecast period (2023- 2030).
The solar panels are attached to a structure that
floats on a body of water; generally, a reservoir or lake is referred to as
floating solar panels or floating photovoltaics.
The primary benefit of floating photovoltaic plants
is that they do not need any land, with the anomaly of the small areas required
for the electric cabinet and grid connections.
Their cost equals land-based plants, but they
provide a smart option to avoid using up the land. The usage of floating solar
panels has been highlighted as a feasible and cost-effective alternative to
land-based photovoltaic systems. It's a unique way to generate solar energy by
utilizing the available water surface on dams, reservoirs, and other bodies of
water.
The espousal of renewable energy and the
initiatives taken by governments of diverse nations are prominent drivers in
the global market. Floating solar panels are significantly superior to
conventional panels as their maintenance costs are low, and they do not demand
land for installation purposes. These aspects also act as drivers that boost
the floating solar panels market growth.
Due to the reduction of natural resources such as
crude oil, coal, and natural gas and the negative environmental effects of
fossil resources, demand for renewable energy has been increasing. Solar energy
is considered a renewable form of energy due to its widespread availability.
Floating solar panels have several advantages over land-based solar panels.
This is anticipated to increase demand for floating solar panels, especially in
nations and regions with numerous bodies of water.
The Global Floating Solar Panels Market report
provides an integrated evaluation of the market. The report provides a
comprehensive analysis of key segments, trends, drivers, restraints,
competitive landscape, and factors that are playing a significant role in the
market.
Key Players
·
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
·
Sharp
Corporation
Regional Analysis
The Global Floating Solar Panels Market is divided
into five regions; North America, Asia Pacific, Europe, Latin America, and the
Middle East & Africa.
The Asia Pacific market region is likely to
dominate the global Floating Solar Panels market landscape during the forecast
period. The key reason for the solid performance of the region is the
introduction of various initiatives by governments that promote the usage of
solar panels.
North America is estimated to develop at the
fastest rate during the forecast period. The factors such as the ability to
float solar technology to diminish evaporation and land availability are
expected to raise the demand for floating solar in the region over the
projection period.
Market Segmentation
The Global Floating
Solar Panels Technology Size is segmented into
the following types;
By Capacity
By Type
By Connectivity
By Location
Related Reports
US nuclear decommissioning market
Managed Pressure Drilling Market Size
Air Handling Units (AHU) Market
Market Research Future Insights
The Global Floating Solar Panels Market is estimated
to be worth USD 4.3 Billion by 2030, registering a 24.40% CAGR during the
forecast period (2023- 2030).
The solar panels are attached to a structure that
floats on a body of water; generally, a reservoir or lake is referred to as
floating solar panels or floating photovoltaics.
The primary benefit of floating photovoltaic plants
is that they do not need any land, with the anomaly of the small areas required
for the electric cabinet and grid connections.
Their cost equals land-based plants, but they
provide a smart option to avoid using up the land. The usage of floating solar
panels has been highlighted as a feasible and cost-effective alternative to
land-based photovoltaic systems. It's a unique way to generate solar energy by
utilizing the available water surface on dams, reservoirs, and other bodies of
water.
The espousal of renewable energy and the
initiatives taken by governments of diverse nations are prominent drivers in
the global market. Floating solar panels are significantly superior to
conventional panels as their maintenance costs are low, and they do not demand
land for installation purposes. These aspects also act as drivers that boost
the floating solar panels market growth.
Due to the reduction of natural resources such as
crude oil, coal, and natural gas and the negative environmental effects of
fossil resources, demand for renewable energy has been increasing. Solar energy
is considered a renewable form of energy due to its widespread availability.
Floating solar panels have several advantages over land-based solar panels.
This is anticipated to increase demand for floating solar panels, especially in
nations and regions with numerous bodies of water.
The Global Floating Solar Panels Market report
provides an integrated evaluation of the market. The report provides a
comprehensive analysis of key segments, trends, drivers, restraints,
competitive landscape, and factors that are playing a significant role in the
market.
Key Players
·
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
·
Sharp
Corporation
Regional Analysis
The Global Floating Solar Panels Market is divided
into five regions; North America, Asia Pacific, Europe, Latin America, and the
Middle East & Africa.
The Asia Pacific market region is likely to
dominate the global Floating Solar Panels market landscape during the forecast
period. The key reason for the solid performance of the region is the
introduction of various initiatives by governments that promote the usage of
solar panels.
North America is estimated to develop at the
fastest rate during the forecast period. The factors such as the ability to
float solar technology to diminish evaporation and land availability are
expected to raise the demand for floating solar in the region over the
projection period.
Market Segmentation
The Global Floating
Solar Panels Technology Size is segmented into
the following types;
By Capacity
By Type
By Connectivity
By Location
Related Reports
US nuclear decommissioning market
Managed Pressure Drilling Market Size
Air Handling Units (AHU) Market
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