Global Floating Solar Market is likely to grow at a CAGR of 45% in the forecast period of 2021-2026

According to MarkNtel Advisors' research report, "Global Floating Solar Market Analysis, 2021," the market is likely to grow at a CAGR of 45% in the forecast period of 2021-26. The growth of the Floating Solar market owes to multiple supporting factors like the burgeoning demand for solar panels in countries prone to droughts and have gigantic water bodies, surging governments initiatives towards renewable energy, and the rising investments in floating solar panels projects. Furthermore, the rapidly escalating expenditure in the R&D by market players, a gradual shift from fossil fuels to solar source, and flooding smart city projects are likely to propel the demand for Floating Solar Panels and fuel the overall market growth in the forecast period.

Get the sample copy of the market research: https://bit.ly/3AA3pft

Key questions answered in the study
1. What are the current and future trends in the Global Floating Solar Market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Global Floating Solar Market?
5. What is the customer orientation, purchase behavior, and expectations from the Global Floating Solar Market service providers across various regions?

Impact of Covid-19

The outbreak of the Covid-19 pandemic negatively affected almost all types of industries, yet it affected the Global Floating Solar Market moderately. The lockdown imposition & movement restrictions leading to the shutting down of manufacturing units hindered the supply chain, thereby impacting the market negatively. Yet, in the coming years, the Global Floating Solar Market shall recover from losses and regain its usual pace. It is likely to bring suitable changes in the administration and recover from challenges like the growing panel prices with manufacturers facing material supply shortages, stagnant international trading impacting the export market, and labor shortages. Furthermore, the market is likely to eliminate project execution delays and work at a double pace in the forecast period.

"Global Floating Solar Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Floating Solar providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

For detailed analysis: https://bit.ly/36iPj4o

Stationary Type to Witness the Fastest Growth
Based on Type, the Global Floating Solar classifies into Stationary, Solar Tracking. Here, the Stationary Type is likely to dominate the Global Market with the fastest growth in the forecast period. It owes critically to the rapidly flooding demand for stationary floating solar because of its cost-effectiveness. Besides, the segment is restructuring a fixed panel, which is significantly low and has a reduced effect of damages from water currents. Hence, it is likely to propel the growth of the Global Floating Solar Market in the forecast period at a robust pace, reveals MarkNtel Advisors in their research report, "Global Floating Solar Market Analysis, 2021."

According to MarkNtel Advisors, the leading players in the Global Floating Solar Market are Solaris Synergy, Sunengy Pty Ltd., Vikram Solar, Ciel & Terre International, KYOCERA Corporation, Novation AG, Pristine Sun LLC, SPI Energy Co., Ltd., Yingli Solar, JA Solar Technology Co. Ltd., Ocean Sun AS, Quant Solar, Sharp Corporation, Tata Power Solar System Ltd., Swimsol GmbH, etc.

Market Segmentation:
1. By Type (Stationary, Solar Tracking)
2. By Technology (Photovoltaic, Concentrated Solar Power)
3. By Location (Onshore, Offshore)
4. By Capacity (0.1-1 MW, 1-5 MW, ≥ 5 MV)
5. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
6. By Country (US, Canada, Mexico, Brazil, Argentina UK, Germany, France, Italy, Spain, UAE, Saudi Arabia, South Africa, China, Japan, India, South Korea, Australia),
7. By Company (Solaris Synergy, Sunengy Pty Ltd., Vikram Solar, Ciel & Terre International, KYOCERA Corporation, Novation AG, Pristine Sun LLC, SPI Energy Co., Ltd., Yingli Solar, JA Solar Technology Co. Ltd., Ocean Sun AS, Quant Solar, Sharp Corporation, Tata Power Solar System Ltd., Swimsol GmbH, etc.)

MarkNtel Advisors
1147 88AVE, Delta, British Columbia, BC,V4C,3B8, CANADA
Email: sales@marknteladvisors.com
Tel: +1613-707-5086
Website: https://www.marknteladvisors.com

MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.