According to a recently published report by Brisk Insights, the Global Floating Solar Panels Market is expected to grow at the CAGR of 55.2% during 2017-2025. The global floating solar panels market is segmented on the basis of products type, applications and geography. The report on global floating solar panels market (by product type, application and geography) provides a detailed overview and predictive analysis of the market.
Full report available on Floating Solar Panels Market: Global Industry Size, Growth, Share and Forecast to 2025 report at http://www.briskinsights.com/report/floating-solar-panels-market
The global floating solar panels market is projected to witness high growth due to increasing concerns over the emission of greenhouse gases along with growing initiatives of various governments towards the clean energy anticipated to fuel the demand for floating solar panels over the forecast period. Tax benefits, subsidies and rent aids offered by governments to encourage the installation of floating solar panels pumping the infrastructure projects of floating solar panels which in turn is fueling the demand for floating solar panels. Moreover, features such as low maintenance and management cost provides added advantage over the installation of solar panels on land. Increasing installation of floating solar panels on water resources including rivers, canals, ponds and reservoirs not only saves land required for the installation of solar panel but also prevents water evaporation loss. Furthermore, floating solar panels offer better efficiency over normal solar PVs installed on land due to the cooling provided by water minimize the temperature of solar panel which in turn enhance the efficiency of the solar panels. However, factors such as limitation of floating solar panels for the installation on sea water due to lack of noncorrosive properties and high initial cost of installation are expected to restrain the growth of global floating solar panels market over the forecast period (2017-2025).
Rising investment in renewable energy along with growing inclination of key consuming economies to reduce dependency on fossil fuel has urged the investment in installation of floating solar panels. Land scarcity in the region such as Japan, India and others are fueling the installation of floating solar panels. The demand for floating solar panels is anticipated to be the highest due to increasing investment in developing the floating solar panels plants especially in Japan, India and China. Other countries including the U.K., France, Thailand, South Korea and others are also projected to increase investment in floating solar panels market.
Scope of the report
1. Global Floating solar panels Market, by Product Type, 2015–2025 (US$ Mn)
1.1. Stationary Floating Solar Panel
1.2. Tracking Floating Solar Panel
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2. Global Floating solar panels Market, by Geography, 2015-2025 ($ Mn)
2.1. North America
2.2.4. Rest of Europe
2.3. Asia Pacific
2.3.5. Rest of Asia Pacific
2.4. Latin America (LATAM)
2.4.3. Rest of Latin America
2.5. Middle East and Africa (MEA)
3. Company Profiles
3.1. Ciel Et Terre International
3.2. Solaris Synergy
3.3. Sunengy Pty Ltd.
3.4. Sharp Corporation
3.5. KYOCERA Corporation
3.6. Trina Solar Limited
3.7. Yingli Solar
3.8. Pristine Sun LLC
3.9. SPG Solar
3.10. SPI Energy Co., Ltd.
3.11. Other Major Players
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