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 from same 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
About Us:
Credence
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We offer our customers some assistance with making enduring enhancements to
their execution and understand their most imperative objectives. Over almost a
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