Press release
Floating Solar Panels Market Analysis By Top Manufacturers - Olaris Synergy, Ciel & Terre International, KYOCERA Document Solutions America, Inc., Pristine Sun LLC, SPI Energy, Yingli Solar
Floating Solar Panels Market
Stationary and Tracking are the major floating solar panel products. Stationary floating solar panels accounted for 90% of the overall floating solar panel 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 panel industry revenue is expected to hit USD 250 million by 2024, primarily driven by its durability and proficiency.
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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
Floating solar panels market in China is forecast to register significant gains of 30% over the coming timeframe, owing to the considerable reduction in the price of solar panels. To further boost the business, the Chinese government has raised funds for developing large PV systems.
Japan floating solar panels industry, 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.
Floating solar panels market in the UK is forecast to observe a robust development by 2024, driven by implementation of strict rules restricting greenhouse gas emissions in the atmosphere. In 2016, the nation constructed Europe's biggest PV power plant with a total power generation capacity of more than 6 MW.Brazil floating solar panels market is predicted to generate more than 100 MW of electricity by 2024, owing to high government spending on large PV systems installations. In 2016, Brazil launched the initial phase of its 10MW floating solar panel farm.
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