Global Floating Solar Panels Market Research Report Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.) Global Floating Solar Panels Market Forecast to 2023 Global Floating Solar Panels Market - Overview Market Research Future (MRFR) in its latest report reveals that the global floating solar panels market is set to expand rapidly in the forthcoming years. Floating solar panels are witnessing a strong commercial interest. Solar energy is an alternative solution to rapidly depleting fossil fuel. Floating solar panel also referred to as floating photovoltaic (FPV) is a well-organised array of solar panel on water body on a lake or artificial basin. The land base alternative in case of floating solar panel reduces that cost and maintenance efforts that makes it economical and beneficial renewable energy solution. The rapid depletion in fossil fuel today is creating an extensive market for alternative renewable energy resources in which the contribution of floating solar panel seems outstanding in future. Initiatives taken by various governments around the world to adopt clean technology and promote the use of sustainable energy has made a positive impact on the market. In addition, installation of the panels in hydroelectric plants has led to the expansion of renewable energy generation business. Ask for Sample @ https://www.marketresearchfuture.com/sample_request/6564 Floating solar panels can provide a reliable electricity supply without requiring a large site and compatibility with the water types. It is a mobile asset that can be relocated or traded, and most importantly, it provides a secure power supply in the event of earthquakes or floods. Additional factors substantiating the market growth are augmenting demand for uninterrupted power supply and rising population, world economy, urbanization, and industrialization. Conversely, high installation cost and lack of natural resources such as solar energy or water bodies are two of the major factors obstructing the growth of the market. Also, the complexity in the designing of the systems is impeding the growth of the floating solar panels market. The floating solar panels installation is creating scope for the reservoir owner to earn rents and business tax from plant operator. The floating solar panel has highly efficient silicon solar panels. This efficiency is maintained by the cooling effect of evaporating water on the silicon panels. The floating solar panels can be adjusted according to the position of the sun. The environmental benefit of floating solar panels is that it inhibits algae growth in water. These factors reduce the management and maintenance cost of floating solar panels and are the key drivers of the floating solar panels market. 2 www.marketresearchfuture.com Global Floating Solar Panels Market Forecast to 2023 Global Floating Solar Panels Market - Competitive Analysis Highly competitive, the floating solar panels market looks fragmented with the presence of several well-established and notable players. Matured market players incorporate strategic initiatives such as acquisition, collaboration, expansion, and technology launch to gain a competitive advantage. In a scenario, especially where the energy market is confronting the geopolitical issues floating solar panels is a viable technology to be rolled out on an industrial scale. Market players are continually striving for new ways to utilize their expertise in the energy industry and exploring opportunities in the new energy. April 10, An agreement has been signed between The Power, Energy and Business Development Ministry and Canadian Commercial Corporation at the Presidential Secretariat to set up a 100megawatt floating solar power plant in the Maduru Oya reservoir, Sri Lanka. July 19, 2018 – Jan De Nul Group (Luxembourg), a leading global construction engineering company for maritime infrastructure, announced its partnership with a group of Belgian companies for the development and construction of the first offshore photovoltaic (Floating Solar Panels) project in the North Sea. Browse Full Report @ https://www.marketresearchfuture.com/reports/floating-solar- panels-market-6564 3 www.marketresearchfuture.com Global Floating Solar Panels Market Forecast to 2023 MARKET SEGMENT Global Floating Solar Panels Market - Segments The report segments the market into three key dynamics to widen the scope of understanding, By Product : Stationary floating solar panels and Tracking floating solar panels By Location : Onshore and Offshore. By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World. 4 www.marketresearchfuture.com Global Floating Solar Panels Market Forecast to 2023 KEY PLAYER Key Players: • • • • • • • • • • • Wuxi Suntech Power Co., Ltd., GEITS, Yingli Solar, Ciel & Terre, SPG Solar, Kyocera Corporation, Suntech Power Holdings Co., Ltd., Japan Mega Solar Power Co., Solaris Synergy, Sharp Corporation, and Trina Solar Limited 5 www.marketresearchfuture.com ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at [email protected] Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future. 6 www.marketresearchfuture.com MARKET RESEARCH FUTURE THANK YOU [email protected] Ph: +1-646-845-9349 (US) Ph: +44 208 133 9349 (UK) 7 www.marketresearchfuture.com
Floating solar panels systems do not require valuable land space for installations, which is one of their biggest advantages. Resultantly, their installations are multiplying, and its market demonstrates a huge growth potential. According to Market Research Future (MRFR), the market is set to witness significant growth during the forecast period (2017-2023). The market is poised to garner fabulous traction over the next couple of years owing to solar panels’ mobility and flexibility according to the sun’s position.
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