Floating Solar Panel Market to Witness Astonishing Growth by 2028
The global floating solar panel market is anticipated to grow at a considerable CAGR of 24.5% during the forecast period. Solar photovoltaic power is a green, clean and renewable source of power that is increasingly needed to reduce the effects of greenhouse gas emissions and prevent global warming. For instance, one of the largest solar farms, Benban Solar Park in Egypt with a total capacity of 1,650 megawatts was completed in November 2019.To Request a Sample of our Report on Floating Solar Panel Market: https://www.omrglobal.com/request-sample/floating-solar-panel-market
Another factor includes that, the solar panel systems do not have to be fixed on land, and roof-tops, solar panels can be mounted on platforms that float on water-bodies like lakes, reservoirs, and the surface of the ocean under the right conditions. Compared to land-based solar panels, floating solar panels are more expensive to build and challenging to operate. But the capacity of floating solar panels is growing quickly, from being able to provide a peak power of 70 megawatts in 2015 to be 1,300 megawatts in the year 2018. Also, as per the International Finance Corporation (IFC), more than 300 floating solar power systems have been installed globally in 2020. A global research firm report by wood Mackenzie has estimated the floating solar panel market to grow by 22% year-over-year on an average from 2019 through 2024.
Market Coverage
The market number available for - 2021-2027
Base year- 2021
Forecast period- 2021-2028
Segment Covered-
By Product Type
By Capacity
By Connectivity
By Technology
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including KYOCERA Corp., Trina Solar Co. Ltd., Yellow Tropus Pvt.Ltd, and Wuxi Suntech Power Co.Ltd.
A full Report of Floating Solar Panel Market is Available at: https://www.omrglobal.com/industry-reports/floating-solar-panel-market
Floating Solar Panel Market Report Segment
By Type
Stationary
Tracking
By Capacity
0.1-1MW
1-5MW
?5MW
By Connectivity
On-Grid
Off-Grid
By Technology
Monocrystalline
Polycrystalline
Floating Solar Panel Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East & Africa
Company Profiles
Ciel & Terre international
GCL-SI
Hanwha
ITOCHU Corp.
JGC
LONGi Solar
Ocean Sun AS
Pristine Sun Corp.
QuantSolar
Raytheon Technologies Corp.
SHARP
SPI Groups
SUNGROW
Suzhou Talesun Solar Technology Co., Ltd
Tata Power
wimsol
WTWH Media, LLC
Yingli Solar
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
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