San Francisco, 16 January, 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 Full Research
Report On Floating Solar Panels Market Analysis:
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 Full Press Release of this Report:
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.
For more information: www.grandviewresearch.com/
