Infinium Global Research has added a new report on Global Floating Solar Panels Market. The report covers the analysis of global as well as regional markets of floating solar panels. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. According to the report, the global floating solar panels market is projected to grow at a CAGR of 44% over the forecast period of 2019-2025.
Floating Solar Panels Market: Drivers and Restraints
Availability of limited land space for the deployment of new PV systems is the major driving factor of the global floating solar panels market. Furthermore, factors such as increasing demand for renewable alternatives for energy harvesting, strict government measures for reducing carbon emissions are also driving the growth of the market. Technological advancement coupled with declining solar component cost will fuel the market growth in the future. However, the high installation cost associated with the floating solar panel hamper market growth. Moreover, the increasing demand for renewable energy owing to the exhaustion of natural resources such as crude oil, coal, and natural gas is expected to provide growth opportunities to the market players.
Floating Solar Panels Market: Segmentation
The global floating solar panels market is segmented on the basis of product and deployment. On the basis of product, the market is segmented into stationary floating solar panels and tracking floating solar panels. The stationary solar panels segment holds the large market share of the global floating solar panels market due to the high adoption of these panels as a result of their cost-effectiveness as compared to other types of floating solar panels. Based on deployment, the market is segmented into onshore and offshore.
Floating Solar Panels Market: Regional Insight
Among the geographic regions, Asia-pacific holds a large market share of the global floating solar panels market followed by North America. Limited availability of land for building solar power plants and rapid exhaustion of non-renewable energy sources such as fossil is driving the growth of the market in this region. The high penetration of advanced technology that is being utilized for harvesting energy from renewable resources in order to meet the growing energy demand drives the market in North America.
Floating Solar Panels Market: Competitive Analysis
Some of the industry participants of the global floating solar panels market are Sharp Corporation JA Solar Co., Ltd., Trina Solar Limited, Yingli Solar, Kyocera Corporation, Ciel & Terre International, SPG Solar, Inc., NOVATON AG, Solaris Synergy, Pristine Sun LLC among the others.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/energy-mining-infra/global-floating-solar-panels-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Floating Solar Panels.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
