Floating Solar Panels Market | Emerging Trends, Competitive Landscape and Regional Forecast 2023

Floating Solar Panels Market Research Report – Global Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023

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Global Floating Solar Panels Market Forecast to 2023 Global Floating Solar Panels Market - Overview 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.

Floating solar panels/ floating photovoltaic (FPV) refers to a solar energy generation system floating on the top of water bodies such as oceans, lakes, or ponds. These systems are more commonly installed on a lake, basin, or man-made water bodies as reservoirs, as these waters are generally calmer than the oceans. Floating solar is a relatively new technology that since its patented inception in 2008 has predominately been installed across the globe, especially in countries such as Japan, China, and the UK. Ask for Sample @ https://www.marketresearchfuture.com/sample_request/6564 Attributable to the rapid depletion of fossil fuels and other non-renewable sources of energy, the research has witnessed propulsion for the development of new techniques for the harvesting of energy from renewable sources. Photovoltaic systems are used vastly for the harvesting solar energy with the help of solar panels which are installed on large land areas. New technological advancements have enabled the development of floating solar panels which are installed on a structure which floats on a water body and does not occupy land area.

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.

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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.

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Global Floating Solar Panels Market Forecast to 2023 MARKET SEGMENT Global Floating Solar Panels Market - Segments The global floating solar panels market is studied for various segments by product, location, and region.

By product, the floating solar panels market is segmented into stationary floating solar panels and tracking floating solar panels. Among these, the stationery floating solar panels segment is expected to hold a substantial share of the global market owing to cost-effectiveness of these panels, as compared to other types of floating solar panels.

By location, the floating solar panels market is segmented into onshore and offshore.

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Global Floating Solar Panels Market Forecast to 2023 KEY PLAYER Key Players:

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GEITS, Yingli Solar, SPG Solar, Suntech Power Holdings Co. Ltd., Ciel & Terre, Wuxi Suntech Power Co. Ltd., Kyocera Corporation, Trina Solar Limited, Japan Mega Solar Power Co., Solaris Synergy, and Sharp Corporation.

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