San Francisco, 14 January 2019: The Report Floating Solar Panels Market Size & Trend Analysis, By Product (Tracking
Floating Solar Panels, Stationery Floating Solar Panels), By Region (U.S.,
Europe, Asia Pacific, Japan, Central & South America, Rest of World), And
Segment Forecasts, 2018 - 2025
The global floating solar panels market is expected to reach USD 2.70 billion by 2025, according
to a new report by Grand View Research, Inc. The technology is expected to
witness significant growth over the forecast period owing to rising demand for
reliable renewable power generation. Furthermore, the ability to mitigate land
cost is expected to favor demand over the projected period.
The growing focus of various governments
towards the use of renewable energy for power generation coupled as well as
lower environmental pollution by reducing the dependence on fossil fuels is
expected to have a positive impact over the projected period.
Declining panel cost leading to lower per
unit cost of generation is a key factor promoting the use of solar technology
for power generation. Furthermore, lack of availability of suitable land for
installation coupled with its ability to lower the impact of evaporation is a
key factor driving the market over the forecast period.
Access
Research Report of Floating Solar Panels Market @ www.grandviewresearch.com/industry-analysis/floating-solar-panels-market
Further key findings from the report suggest:
· The penetration of stationary floating
solar technology is expected to grow, particularly in developing and emerging
economies owing to the low cost of installation as compared to its counterpart.
· Tracking floating solar panels are expected
to grow over the next nine years owing to the increased efficiency of the
panels with tracking technology. The growing R&D investments by the
installers and panel manufacturers to reduce the cost of this particular technology
are likely to bolster market growth.
· Japan accounted for over 75% of the overall
revenue share in 2015 owing to the low availability of land and favorable
initiatives taken by the government to promote the use of renewable sources of
energy. In addition, the industry is expected to grow substantially on account
of the numerous plans sanctioned by the Japanese government.
· Europe is one of the leading installers of
the technology owing to the rising market penetration in the UK with around six
plants and an installed capacity of over 10,000 kW of the overall installations
in Europe.
· Key players in the industry include Kyocera
Corporation, Trina Solar, Sharp Corporation and Yingli Solar. Ciel & Terre
is expected to be the largest installer of floating panels across the globe.
The company accounts for over 50% of the overall floating panels installations.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/renewable-energy
Grand View Research has segmented the
floating solar panels market on the basis of product and region:
Product Outlook (Installed Capacity,
Kilowatt; Revenue, USD Million, 2014 - 2025)
·
Tracking Solar Floating Panels
·
Stationery Solar Floating Panels
Regional Outlook (Installed Capacity,
Kilowatt; Revenue, USD Million, 2014 - 2025)
·
U.S.
·
Europe
·
Asia Pacific
·
Japan
·
Central & South America
·
Rest of the World
Access Press Release of
Floating Solar Panels Market@ www.grandviewresearch.com/press-release/global-floating-solar-panels-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
