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2024 Floating Solar Panel Market Report, Size, Share, Growth, Trends, Forecast To 2033
Floating Solar Panel Market Report
As per the report, the floating solar panel market size has grown exponentially in recent years. It will grow from $3.24 billion in 2023 to $3.94 billion in 2024 at a compound annual growth rate (CAGR) of 21.8%. The floating solar panel market size is expected to see exponential growth in the next few years. It will grow to $8.73 billion in 2028 at a compound annual growth rate (CAGR) of 22.0%.
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What Is Driving The Growth Of The Global Floating Solar Panel Market?
Rising Renewable Energy Generation To Propel Floating Solar Panel Market Growth
The rising inclination towards renewable energy generation is expected to propel the growth of the floating solar panel market going forward. Renewable energy generation is rising due to increasing environmental awareness and the need to reduce greenhouse gas emissions. Floating solar panels enhance renewable energy generation by utilizing water surfaces for solar installations, increasing efficiency through cooling effects, and conserving valuable land resources, making them ideal for areas with limited land availability.
What Is The Key Trend In The Global Floating Solar Panel Market?
Innovative Advancements In Floating Solar Technology
Major companies operating in the floating solar panel market are focusing on developing advanced products with floating photovoltaic technology to enhance energy efficiency, reduce costs, and improve durability. Floating photovoltaic technology involves installing solar panels on floating platforms or bodies of water that enhance efficiency by cooling the panels and reducing land use, making it ideal for areas with limited land availability.
How Is The Global Floating Solar Panel Market Segmented?
The floating solar panel market covered in this report is segmented -
1) By Product: Stationary Floating Solar Panels, Tracking Floating Solar Panels
2) By Technology: Photovoltaic (PV), Concentrated Solar Power (CSP)
3) By Station Location: Onshore, Offshore
4) By Application: Utility, Residential
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How Is The Competitive Landscape Of The Global Floating Solar Panel Market?
Major companies operating in the floating solar panel market are Mitsubishi Electric Corporation, Sharp Corporation, LONGi Solar, JinkoSolar Holding Co. Ltd., Kyocera Corporation, Trina Solar Limited, JA Solar Technology Co. Ltd., Sungrow Power Supply Co. Ltd., Tata Power Solar Systems Ltd., Risen Energy Co. Ltd., SunPower Corporation, Adani Green Energy Ltd, Akuo Energy, SPI Energy Co., Ltd., Hanwha Q CELLS, BayWa r.e. renewable energy GmbH, Adtech Systems, LS Electric Co., Ltd., Pristine Sun Corporation, Sinovoltaics Group, Ciel & Terre International, Yingli Green Energy Holding Company Limited, Solaris Synergy
Contents Of The Global Floating Solar Panel Market
1. Executive Summary
2. Floating Solar Panel Market Report Structure
3. Floating Solar Panel Market Trends And Strategies
4. Floating Solar Panel Market - Macro Economic Scenario
5. Floating Solar Panel Market Size And Growth
…..
27. Floating Solar Panel Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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