Floating Solar Panels Growth, Demand, Segments and Forecast by 2029.
Author : Ashwini Sute | Published On : 14 Dec 2023
Floating Solar Panels market research report makes available the market insights about the business scenario with which better business strategies can be built to thrive in this industry. According to this market report, global market is supposed to witness a moderately higher growth rate during the forecast period. This renovation will mainly take place due to the actions of key players or brands like developments, product launches, joint ventures, mergers and acquisitions. This also leads to change the view of the global face of this industry. The data of this Floating Solar Panels report is represented with the tables, charts and graphs for better understanding.
In this market research report, a market study and overview is carried out by taking into account market drivers, market restraints, opportunities and challenges for a particular business. Geographical scope of the products is also taken into consideration methodically for the major global areas such as Asia, North America, South America, and Africa. This helps delineate strategies for the product distribution in those areas. Floating Solar Panels market report estimates the size of the market with respect to the information on key retailer revenues, development of the industry by upstream and downstream, industry progress, key companies, key developments, along with market segments and application. This superior Floating Solar Panels market report is presented with a full devotion and dedication to the clients that extend their reach to success.
Data Bridge Market Research analyses that the floating solar panels market, valued at USD 39.98 million in 2022, will reach USD 381.58 million by 2030, growing at a CAGR of 32.57% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Driver:
- Water savings boost market growth for floating solar panels from a reduction in evaporation losses
The system can reduce evaporation losses by up to 70% and provides shade to protect the water from direct sunlight. The international journal for innovative research in science and technology recently published a study on the potential of floating solar photovoltaics in large reservoirs. Installing floating solar panels in a reservoir can reduce annual water evaporation losses by an average of 1250 million liters per square km, or about 4 million gallons per acre. By obstructing sunlight, which is necessary for photosynthesis and promotes the growth of algae in the water, floating solar systems also aid in improving water quality. As a result, shading the water in reservoirs slows algae growth. This lowers the expense of labor and related medical care and creates growth in floating solar panel demand.
Some key players mentioned in the report are:
Ciel et Terre International (France), Hanwha Group. (South Korea), JA SOLAR Technology Co., Ltd. (China), KYOCERA Corporation (Japan), LONGi (China), Trina Solar (China), VIKRAM SOLAR LTD. (U.S.), Wuxi Suntech Power Co., Ltd. (China), Yingli Solar (China), Satkar Softwares Solutions Pvt. Ltd. (India), Baroda Polyform Pvt Ltd. (India), ADTECH Systems (India), Waaree Energies Ltd. (India), Jain Irrigation Systems Ltd. (India), SHARP CORPORATION (Japan)
Key Insights that Study is going to provide:
- The 360-degree Floating Solar Panels overview based on a global and regional level
- Market Share & Sales Revenue by Key Players & Emerging Regional Players
- A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
- May vary depending upon availability and feasibility of data with respect to Industry targeted
- Patent Analysis** No of patents / Trademark filed in recent years.
- A complete and useful guide for new market aspirants
- Forecast information will drive strategic, innovative and profitable business plans and SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations
- Various Floating Solar Panels industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
Key Market Segmentation:
Ciel et Terre International (France), Hanwha Group. (South Korea), JA SOLAR Technology Co., Ltd. (China), KYOCERA Corporation (Japan), LONGi (China), Trina Solar (China), VIKRAM SOLAR LTD. (U.S.), Wuxi Suntech Power Co., Ltd. (China), Yingli Solar (China), Satkar Softwares Solutions Pvt. Ltd. (India), Baroda Polyform Pvt Ltd. (India), ADTECH Systems (India), Waaree Energies Ltd. (India), Jain Irrigation Systems Ltd. (India), SHARP CORPORATION (Japan)
The countries covered in the Global Floating Solar Panels Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer Landscape
Geographic Landscape
Key leading countries
Vendor Landscape
Vendor Analysis
Appendix
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