Press release
What's Driving the Floating Solar Panels Market Outlook by 2026? | Key Players: - Solaris Synergy, KYOCERA Corporation, Novaton, Yingli Solar
Floating Solar Panels Market
Japan floating solar panels market, which collected a revenue of USD 14 million in 2015, is expected to experience a noticeable surge over the next few years. Low availability of natural resources and lack of land space for solar panel installation are a couple of factors that will propel the regional demand. In 2016, Mitsubishi Research Institute, Kyocera Corporation, and Tokyo Century Corporation collaborated to build a 14.5 MW solar power plant in Japan. This plant is expected to generate nearly 16,060 MW of power per year, fulfilling the energy requirements of nearly 4,930 homes in the country.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Vikram Solar
2. KYOCERA Document Solutions America, Inc.
3. Yingli Solar
4. Ciel & Terre International
5. Solaris Synergy
6. Pristine Sun LLC
7. SPI Energy
Stationary and Tracking are the major floating solar panel products. Stationary floating solar panels accounted for 90% of the overall floating solar panels market share in 2015, and is expected to witness lucrative gains over the coming years. The growth can be attributed to the high popularity of these products across emerging economies, owing to its cost-effectiveness. Tracking floating solar panels market revenue is expected to hit USD 250 million by 2024, primarily driven by its durability and proficiency.
Floating solar panels are connected via off grid and on grid systems. On grid floating solar panels market share, which accounted for 75% of the overall revenue in 2015, is expected to grow notably over the coming timeframe. Rapid expansion of the utility projects along with tax concessions offered by government will favorably impact the business growth.
Off grid floating solar panels market is expected to witness a noteworthy expansion over the coming seven years. Implementation of distributed power generating systems across the emerging economies will influence the business.
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