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Floating Photovoltaic Solar Panels Market Report 2021: Global Industry Share, Top Key Players, Regional Study, Upcoming Trends and Growth Segments 2027

10-21-2021 11:49 AM CET | Energy & Environment

Press release from: UnivDatos Market Insights (UMI)

Floating Photovoltaic Solar Panels

Floating Photovoltaic Solar Panels

A comprehensive overview of the Floating Photovoltaic Solar Panels market is recently added by UnivDatos Market Insights to its humongous database. The Floating Photovoltaic Solar Panels market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Floating Photovoltaic Solar Panels market. The Floating Photovoltaic Solar Panels market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Floating Photovoltaic Solar Panels market at the global and regional levels.

Market Overview
The floating photovoltaic solar panels market is expected to grow at a significant CAGR from US$ X billion in 2020 to US$ X billion in 2027. Key reasons driving the market growth are its higher efficiency compared to on-land solar panels and reduction in land use. According to the manager of corporate communications at Q-Cells. Floating solar panels can generate up to 10% more power as compared to land-based arrays. This is because the cooling effect of water acts as a sink, ensuring peak power output to be achieved more easily. Furthermore, installations in water are increasingly encourage not only by densely populated countries but also in developing and developed countries where the land used by solar fields can be used for other purposes. Additionally, the unused space in water bodies such as dams can easily be used for installation of floating PVs. All this is expected to aid in the growth of the floating photovoltaic solar panels market. A few drawbacks of FVPs include its higher costs of installations but they are expected to decrease with time and its harder installation and maintenance as they are in water.

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COVID-19 Impact
The Covid-19 pandemic has impacted the growth of many industries which include manufacturing, education, agriculture, finance, healthcare, sports, education, food, and tourism. It has a profound impact on the energy industry. According to International Energy Agency (IEA), the energy demand decline in 2020 is the largest in the last 70 years. As compared to 2019, the global energy demand in 2020 declined by 6% which is a 7 times greater fall than the 2009 financial crisis. From 2015-2019, the mean electricity generation of 16 European countries dropped 9% (25 GW) in April 2020. Due to this the floating photovoltaic Solar Panels industry was also impacted as the developing projects were postponed and there wasn’t enough work force to complete the ongoing projects. However, the overall percentage of renewable energy usage increased by 15% (15 GW) during this time, this is an opportunity for renewable energy to increase in dominance during the post covid recovery.

Floating Photovoltaic Solar Panels market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Type, the market is primarily segmented into
• Stationary
• Solar Tracking

Amongst Type, the Stationary segment of the Floating Photovoltaic Solar Panels market was valued at US$ X billion in 2020 and is likely to reach US$ X billion by 2027 and is growing at a CAGR of X% from 2021-2027.

By Location, the market is primarily segmented into
• Inland
• Offshore

Amongst Location, Inland segment accounted for a market valuation of US$ X billion in 2020 and is expected to reach US$ X billion by the year 2027, at a CAGR of X% over the analyzed period.

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By Technology, the market is primarily segmented into
• Photovoltaic (PV)
• Concentrated Solar Power (CSP)

Amongst Technology, the Photovoltaic (PV) segment of the Floating Photovoltaic Solar Panels market was valued at US$ X billion in 2020 and is likely to reach US$ X billion by 2027 and is growing at a CAGR of X% from 2021-2027.

Floating Photovoltaic Solar Panels Market Geographical Segmentation Includes:
• North America
• Europe
• Asia-Pacific
• Rest of the World

Based on the estimation, the Asia-Pacific region dominated the Floating Photovoltaic Solar Panels market with almost X% revenue share in 2020. Asia-Pacific also saw the highest CAGR of X% in the forecast period due to the decreasing land availability.

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The major players targeting the market includes
• Sulzer Ltd.
• KYOCERA Corporation
• Trina Solar
• Yellow Tropus Pvt. Ltd.
• Wuxi Suntech Power Co., Ltd.
• Yingli Solar
• Ciel & Terre International
• LONGi Solar
• JA SOLAR Technology Co. Ltd.
• Hanwha Group

Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analysing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Floating Photovoltaic Solar Panels market. The leading players have been analysed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Floating Photovoltaic Solar Panels market?
• Which factors are influencing the Floating Photovoltaic Solar Panels market over the forecast period?
• What are the global challenges, threats, and risks in the Floating Photovoltaic Solar Panels market?
• Which factors are propelling and restraining the Floating Photovoltaic Solar Panels market?
• What are the demanding global regions of the Floating Photovoltaic Solar Panels market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

Final Report will add the analysis of the impact of COVID-19 on this industry.”
In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.

The report provides a snapshot of the syringes & needles market. It begins with the introduction section which mentions the features and uses of syringes & needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes & needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.

An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes & needles and problems associated with usage. Government legislation in the market has been discussed in the next section.

The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.

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A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:

What is the aim of the report?
• The market report presents the estimated market size of Floating Photovoltaic Solar Panels market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
• Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
• An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
• The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
• The various parameters accelerating the growth of Market are incorporated in the research report.
• The report analyzes growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?
• Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
• The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
• The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
• Based on what factors are the key market players assessed in this report?
• The report offers detailed analysis of leading companies in the market across the globe.
• It provides details of the major vendors involved in the Market including Key Playes
• A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
• the manufactured products is incorporated in the report.
• The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
• The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?
• Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
• The report offers the present scenario and future growth prospects Market in various geographical regions.
• The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
• The SWOT analysis is conducted along with Porter's Five Force analysis.
• The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

Contact us:
UnivDatos Market Insights (UMI)
Ph: +91 7838604911

About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

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