Floating Solar Panels Market Set To Grow At Healthy CAGR Forecast By 2024 With Top Key Players Like Solaris Synergy, Ciel & Terre International, KYOCERA Document Solutions America, Inc., Pristine Sun LLC, SPI Energy, Yingli Solar

Floating solar panels market is projected to grow at a rate of over 45% by 2024. Skyrocketing pollution levels across the globe, coupled with rising environmental concerns and shifting preference towards non-conventional renewable energy resources are inducing expansion of market.

Governments of various nations are drafting strict regulations to reduce GHG emissions and encouraging the adoption of solar energy, thereby augmenting the market outlook. For instance, the German government is aiming reduce their GHG emission by 95% as compared to 1990 level by 2025. Moreover, the government of Hong Kong assigned Black & Veatch the contract of carrying out feasibility study across seventeen seized reservoirs for establishment of floating solar plants.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/692

Floating solar panels enable effective usage of water resources and offer the benefit of regulating panel temperature with ease. While PV deployment on land becomes a challenge due to lack of availability of land, floating solar panels comes out to be effective alternative. This factor coupled with numerous advancements in solar technology are positively impacting the floating solar panels market trends.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Solaris Synergy
2. Vikram Solar
3. Ciel & Terre International
4. KYOCERA Document Solutions America, Inc.
5. Pristine Sun LLC
6. SPI Energy
7. Yingli Solar

With new developments in the field of solar power, the efficiency of products is increasing, while the costs of solar components are declining. The average price of solar panel dropped by 20% in 2016 as compared to 2015 levels. Reduction in prices in fact, is a major factor responsible for the rising demand of tracking products. Floating solar panels market from tracking segment is estimated to account for over US $250 million by the year 2024.

Governments around the globe are offering tax benefits and benefits which is promoting the establishment of large-scale utility plants, thereby impelling floating solar panels market outlook. For instance, Sungrow announced its project of establishing aquaculture floating PV power plant with a capacity of 40 MW connected grid in China. Apparently, on-grid floating solar panels industry is presumed to register a growth rate of 45% through 2024.

In order to improve carbon capture across the nation, the United States government is laying stringent directives and taking initiatives for renewable integration. Inflowing investments for development of energy optimization, and expansion of micro-grid network will contribute towards the regional market growth.

While US floating solar panels industry is projected to expand more than 67% by 2024, Brazil market will also witness accelerated growth in the upcoming years, on account of increasing demand for electrification and diminishing LCOE for solar installations. The availability of vast riverbeds across the country which can used optimally, in consort with surging technological investments will further improve floating solar panels market share across the region.

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/692

Rising demand for electricity, in tandem with constant focus of government towards integration of sustainable resources is propelling the growth of China floating solar panels market, which is estimated to accumulate US $140 million by the year 2024. It is reported that China Energy Agency is set to invest US $361 billion for renewable technology by 2020.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.