The technology research report “Floating
Solar Panels Market
Size By Product (Tracking, Stationary), By Capacity (0.1-1 MW, 1-5 MW, ≥ 5 MW),
By Connectivity (On Grid, Off Grid), Industry Analysis Report, Regional Outlook
(U.S., UK, Italy, Netherlands, Japan, South Korea, China, India, Taiwan,
Malaysia, Singapore, Australia, Brazil, Israel), Growth Potential, Price
Trends, Competitive Market Share & Forecast, 2016 – 2024”,
by Global Market Insights, Inc. says Floating
Solar Panels Market size is set to exceed 2.5 GW by 2024; fuelled by increasing adoption of clean energy sources.
The
world has been observing a linear shift toward the adoption of renewable
energy, a factor that is majorly fueling floating solar panels market. Subject
to deforestation and global warming, not to mention, the tremendous rise of
urbanization and industrialization, the land availability across the globe has
reduced drastically. This will lead to an increase in the adoption of floating
panels, given the difficulty level for installing ground-mounted panels,
thereby stimulating floating solar panels industry.
Major corporations across the globe have been
striving to develop highly efficient and economical products to encourage
increased adoption of these panels. The remarkable efforts by key participants
such as Pristine Sun, Ciel & Terre, Solaris Synergy, Novaton AG, SPI
Energy, Sunengy Pty, Yingli Solar, Vikram Solar, and Kyocera Corporation will
lead global floating solar panels market to grow at a remarkable compound
annual growth rate over the next few years. In fact, Kyocera Corporation
recently completed the installation of the world’s largest solar power plant in
Japan with a capacity of 14.5 MW. More than 4,900 of the country’s homes are
likely to be powered with this plant in the years to come. In addition, the
availability of less land coupled with the reduced availability of natural
resources will also drive Japan floating solar panels industry, which earned
over USD 14 billion in 2015.
APAC floating solar panels market will be
propelled mainly by China, Japan, and India. Driven by the rising investments
on the installation of PV systems, China floating solar panels industry will earn
USD 140 million by 2024, with a CAGR estimation of 30% over 2016-2024. U.S.
floating solar panels market, on the other hand, is forecast to generate a
revenue of USD 250 million by 2024, with a staggering CAGR of 67% over
2016-2024.
Primarily augmented by the
cost-effectiveness, floating stationary solar panels industry held over 90% of
the overall revenue in 2015, and is expected to grow significantly over
2016-2024. Solar panels with a capacity between 1 to 5 MW are extensively
utilized for large-scale photovoltaic projects, which will propel floating
solar panel market size from 1 to 5 MW capacity. Owing to the huge investments
by private and public parties, this industry is slated to surpass an
installation volume of 700 MW by 2024.
Floating
solar panels, being a viable, efficient, and cost-friendly alternative to
ground-mounted PV systems, are being adopted extensively all over, boosting
floating solar panels market. In addition, stringent government rules to curb
the GHG emissions will also propel this industry in the next few years.
Report
Content
1.1
Methodology
1.1.1
Initial data exploration
1.1.2
Statistical model and forecast
1.1.3
Industry insights and validation
1.1.4
Scope & assumptions
1.2
Data Sources
1.2.1
Primary
1.2.2.
Secondary
Chapter
2 Executive Summary
2.1
Floating solar panels industry 3600 synopsis, 2013 - 2024
2.1.1
Business trends
2.1.2
Regional trends
2.1.3
Product trends
2.1.4
Capacity trends
2.1.5
Connectivity trends
Chapter
3 Floating Solar Panels Industry Insights
3.1
Industry segmentation
3.2
Industry size & forecast, 2013 - 2024
3.3
Industry ecosystem analysis
3.4
Innovation & sustainability
3.5
Regulatory landscape
3.5.1
Japan
3.5.2
Europe
3.5.3
China
3.5.4
U.S.
3.5.5
India
3.5.6
Brazil
3.5.6
Australia
3.6
Price trend analysis
3.7
Industry impact forces
3.7.1
Growth drivers
3.7.1.1
Increasing adoption of clean energy sources
3.7.1.2
High land acquisition cost
3.7.1.3
High capacity utilization factor
3.7.2
Industry pitfalls & challenges
3.7.2.1
High initial installation cost
3.8
Growth potential analysis
3.9
Porter’s analysis
3.10
Competitive landscape, 2015
3.10.1
Strategy dashboard
3.11 PESTEL analysis
Browse key industry insights spread across 145 pages with 244 market data
tables & 11 figures & charts from the report Floating Solar Panels Market
in detail along with the table of contents:
This
latest Floating Solar Panels Market
research report offers in-depth analysis, key industry insights, market sizing
& forecast on a granular level for key products, applications across number
of regional markets. The report also analyzes the Floating Solar Panels industry from business strategy
perspective, describing in detail growth drivers, pitfalls &challenges for
participants, accompanied by a detailed competitive benchmarking including
company market share analysis and detailed business profiles.
Reasons to Buy This Report
·
Global
Floating Solar Panels Market
size & forecast by product & application.
·
Growth
drivers, pitfalls & industry challenges.
·
Key
Floating Solar Panels Market
growth opportunities & emerging business models.
·
Competitive
benchmarking with market share analysis and company profiles.
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