According to a new market report published by Credence Research
“Floating Solar Panels Market - Growth, Share, Opportunities,
Competitive Analysis, and Forecast 2015 - 2022,” the floating solar
panels market was valued at US$ 0.16 Bn in 2016, and is expected to
reach US$ 1.58 Bn by 2022, expanding at a CAGR of 113.9% from 2016 to
2022.
Browse the full Floating Solar Panels Market
(Stationary Floating Solar Panels, Solar Tracker Floating Panels) for
Off-Shore and On-Shore Locations- Growth, Share, Opportunities,
Competitive Analysis, and Forecast 2015 – 2022 report at http://www.credenceresearch.com/report/floating-solar-panels-market
Market Insights:
Photovoltaic
panels are known to be eco-friendly source of energy based on power
generation technology. However, as they provide us with huge benefits,
they do have drawback as they occupy large land areas. Many countries
worldwide do not have sufficient free-land areas therefore solar PV
systems cannot be installed in those countries. This drawback was
addressed by introducing floating solar panels to the market worldwide.
These floating solar panels can be installed upon lakes, ponds,
reservoir and rivers among other water bodies. These floating solar
panels have many benefits over land-mounted solar panels which include
evaporation control and increased efficiency. These floating solar
panels work efficiently at low temperature and hence have increased
efficiency due to cooling effect of water.
On the basis of
product type, floating solar panels market is segmented into stationary
floating solar panels and solar-tracking floating panels. Among these,
stationary floating solar panels dominated the global floating solar
panels market worldwide. These floating panels have number of advantages
over solar tracking panels in the market. These panels make use of
water surface for the process of installation of solar panels. Asia
Pacific is the largest consumer of floating solar panels in the market.
Solar tracking floating panel occupy huge land space which is not
available in some of the countries globally. In addition, high
investment and low efficiency is another factor leading to steady demand
for solar tracking floating panels in the market. A number of benefits
provided by stationary floating solar panels over solar tracking
floating panels have led to growth of global floating solar panels
market globally.
Browse All Reports of This Category @ http://www.credenceresearch.com/industry/energy-and-power-market
Competitive Insights:
Floating
solar panels, on the basis of location are segmented into off-shore and
on-shore floating solar panels. Off-shore floating solar panels
accounted for the larger share of the global floating solar panels
market. Presence of large water bodies worldwide has been a boon for the
growth of stationary floating solar panels. As these panels have high
efficiency of power generation, stationary floating solar panels are on
high demand as off-shore floating solar panels in the market. On-shore
floating solar panels are expected to experience steady demand due to
limited land available for its installation. Asia Pacific dominated the
global floating solar panels market. Stringent regulations and
government investment are the major factors driving the growth of global
floating solar panels in the region. North America followed Asia
Pacific in terms of growth and use of floating solar panels in the
global market. Other regions such as Europe, Middle East and Africa and
Rest of the World are also expected to boost market growth of floating
solar panels in the market during the forecast period from 2015 to 2022.
Key Trends:
High demand from Asia Pacific
Cost efficient
High power generation
Opportunities from increase in research and development activities
Blog URL - http://www.mobilecomputingtoday.co.uk/3663/global-floating-solar-panels-market-expected-reach-1-58-2022-credence-research/
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