Press Release / Business / 2018 Floating Solar Panels Market - Global Industry Analysis, Size and Development Report

2018 Floating Solar Panels Market - Global Industry Analysis, Size and Development Report

Floating Solar Panels Market: Description

Floating solar panels generation requires implementation of photovoltaic technologies over water bodies. In the past few years, it has appeared as one of the favorable substitutes to ground mounted PV systems. The deployment PV components over water surface not only enhance the over CUF of the architecture but also helps in decreasing the effect of draught across the nearby area by preventing water evaporation. Floating panels holds low maintenance cost and can be easily moved according to the sun’s position. The global floating solar panels market is expected to grow at a CAGR of 35% to 40% from 2019 to 2024.

Several factors including land availability as well as the ability of floating solar technology to decrease the impact of evaporation is expected to boost demand. The installation of floating solar plants reduces the evaporation rate of water, which in turn aids in decrease the possibility of drought in regions with high temperatures such as central states of the U.S. However, high maintenance costs of stationary solar panels may significantly hamper the growth of floating solar panels market in the coming years.

Get the Sample Report:
https://axiommrc.com/request-for-sample/?report=1702

Floating Solar Panels Market: Growth
The primary reason for this growth is attributed to its increasing deployment in the U.S., Canada, France, and Germany, and Japan. The implementation of floating panels in Japan is high, as the country is densely populated with low land availability for installation of solar energy plants. Furthermore, lack of natural resources coupled with high dependence of the country on renewable power generation for meeting its energy requirements is expected to propel market growth.

Floating Solar Panels Market: Segmentation
The global floating solar panels market is segmented based on product, location, and geography
Based on product
The global floating solar panels market has been segmented into
Stationary
Solar tracking
Based on location
The global floating solar panels market has been segmented into
Offshore floating
Onshore floating
Based on geography,
The global floating solar panels market is segmented into
North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Browse For More:
https://axiommrc.com/product/1702-floating-solar-panels-market/

Floating Solar Panels Market: Top Leading Manufacturers
The global floating solar panels market is concentrated with leading manufacturers such as
Trina Solar
Wuxi Suntech Power Co., Ltd.
Solaris Synergy
Sunengy Pty
Vikram Solar
Ciel & Terre
Novaton AG
Pristine Sun
SPI Energy

Media Contact:
Ganesh Sai
616 Corporate Way, Suite 2-4268
Valley Cottage, NY, United States
Email: sales@axiommrc.com
Tel: +1(845)875-9786, +44(0) 20 23869707