Home >> News >> Science >> Floating Solar Panels Market size to reach US$ 842.0 Mn by 2023 analysis by Credence Research

Floating Solar Panels Market size to reach US$ 842.0 Mn by 2023 analysis by Credence Research

The Floating Solar Panels Market Report is a professional and in-depth study on the current state of the Floating Solar Panels Industry. Floating Solar Panels Market expected to exhibit steady growth during the forecast period.

Firstly, this research report presents a basic outline of the Floating Solar Panels industry covering boundaries, purposes, classifications and market chain structure. The growth policies and strategies are presented as well as manufacturing processes and cost structures.

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Secondly, this research study shows the Floating Solar Panels market size (volume and value), and the share markets by types, regions, applications, and companies are also discussed. Third, the Floating Solar Panels market report is presented for major regions including USA, Europe, China, and Japan, and other regions can be added.

Then, the research report especially concentrates on global major leading industry players with data such as company product pictures, profiles and terms, trades, market share, and contact information.

Market Insights

Floating solar panels market is expected to witness robust growth with rising inclination towards clean energy of various economies across the globe. Factors such as subsidies and tax benefits offered by the governments, directed with the aim of installation of the solar panels along with rent benefits offered to the owners of the reservoir are expected to provide an impetus to the growth of the solar photovoltaic (PV) panels market. Also, scarcity of land open and increasing use of water resources such as reservoirs, ponds, canals and rivers etc. for the installation of floating solar panels is expected to propel the growth of the overall market. Furthermore, the floating solar panels enables low management and maintenance costs. The buoyant photovoltaic (PV) panel carries with it several benefits such as it helps save water by water evaporation retention in places with dry climate. Further, the floating solar photovoltaic panels offers enhanced efficiency. The cooling effect of the water helps to maintain the temperature of the silicon panels thus enhancing the efficiency levels. Moreover, the floating solar photovoltaic (PV) panels can also be planted in the hydroelectric plants. However, high cost of installation and lack of resistance to corrosion in sea water restricts the use of floating solar panels which in turn is anticipated to hamper the demand for the floating solar panels during the forecast period (2016-2023).

Competitive Insights:

Global floating solar panel market is segmented on the basis of product type, location and geography. By product type, in 2015 stationary floating solar panel segment was the most dominant segment accounting for the largest revenue share in global floating solar panels market. By application, onshore floating accounted largest share of the market in terms of revenue and projected to maintain its dominance over the forecast period. On the basis of geography, Asia Pacific was estimated to be the largest market for floating solar panels in 2015. Growing investment in floating solar panels coupled with favourable 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 Maldives are projected to increase their investment in development of floating solar panel plants during the forecast period. Yamakura Dam project in Japan is expected to drive the demand for floating solar panels in Japan. The region is also anticipated to be the fastest growing region during the forecast period.

Company Profiles
7.1 Ciel Et Terre International
7.2 Solaris Synergy
7.3 Sunengy Pty Ltd.
7.4 KYOCERA Corporation
7.5 Trina Solar Limited
7.6 Sharp Corporation
7.7 Yingli Solar
7.8 Pristine Sun LLC
7.9 SPG Solar
7.10 SPI Energy Co., Ltd.

Research Methodology

Credence Research has used various sources of information and study to determine the market wealth of the global Floating Solar Panels market. In series to give the industry value forecast till 2026 end, Credence Research analysts have first searched Floating Solar Panels solutions by services, end user, product type and purpose. After this, the analysts aimed to arrive at the stated market figures so they have done primary and secondary research. In the primary research, consultations with industry specialists were carried out and the secondary research consists of qualitative information collecting through journals, various articles, industry association data, blogs, company websites, and other secondary sources. In the data study phase, adoption of Floating Solar Panels solutions across various industries was examined, along with value chain analysis.

Report content

  • Qualitative Analysis
  • Industry overview
  • Industry trends
  • Key market opportunities prioritized
  • Market size
  • Growth prospects
  • Product benchmarking
  • Competitive landscape
  • Company overview
  • Financial performance
  • Market drivers and restraints
  • Latest strategic developments

Quantitative Analysis

  • Floating Solar Panels Market size, estimates, and forecast from 2018 to 2026
  • Floating Solar Panels Market estimates and forecast for product segments up to 2026
  • Regional market size and forecast of Floating Solar Panels for product segments up to 2026
  • Market valuations and the outlook for demand segments up to 2026
  • Regional business size and forecast for application segments up to 2026

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About Us

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