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Floating Solar Panels Market by Top Companies, Global Market Evaluation & Forecast Period 2020-2024

Author : Ronak Bora | Published Date : 2020-08-28 

Tracking floating solar panels market share is anticipated to reach over USD 250 million by 2024. Increasing product efficiencies along with declining solar component costs will upsurge the market share. In 2016, global average panel price dipped by over 20% from 2015 levels.

U.S. floating solar panels Market is set to grow over 67% by 2024. Federal and state government initiatives towards renewable integration and stringent norms pertaining to carbon capture will augment the industry growth. Rising investments towards development of energy optimized technology along with micro-grid network expansion will further stimulate the business outlook.

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For Europe, UK floating solar panels market was valued over 1 MW in 2015. In 2016, of UK Government introduced its floating solar project across Queen Elizabeth II reservoir. The project incorporates over 23,000 solar panels worth USD 7.8 million investment to electrify local water treatment plants and residential establishments.

China floating solar panels market is anticipated to exceed USD 140 million by 2024. Government measures towards sustainable resource integration coupled with increasing demand for electrification will complement the industry growth. China Energy Agency has declared an investment of USD 361 billion towards renewable technology by 2020.

Floating solar panels market for Japan is set to grow over 400 MW by 2024. Rising investments towards development of cost competitive and efficient technology. In 2016, Kyocera Corp announced the successful grid synchronization of its 14.5 MW floating solar power plant across the country. Government initiatives to encourage large scale utility PV projects will further complement the industry outlook.

Floating solar panels market for Brazil is set to exceed 34% by 2024. Rising demand for electrification coupled with declining LCOE for solar installations will drive the market. In 2016, Government of Brazil declared the successful grid synchronization of their utility based 10 MW floating solar power project. Rising technological investments to optimally utilize country's vast river beds will further augment the industry growth.

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Market players are heavily investing in product development and R&D to obtain a competitive edge in terms of cost and reliability. Key industry participants include Kyocera Corporation, Solaris Synergy Limited, Pristine Sun LLC, SPI Energy Company Limited, Yingli Solar, Sunengy Private Limited, Novaton AG, Vikram Solar Private Limited, and Ciel & Terre International.

Table of Contents (ToC) of the report:

Chapter 1    Methodology & Scope

1.1    Methodology

1.1.1    Initial data exploration

1.1.2    Statistical model and forecast

1.1.3    Industry insights and validation

1.1.4    Scope & assumptions

1.2    Data Sources

1.2.1    Primary

1.2.2.   Secondary

Chapter 2    Executive Summary

2.1    Floating solar panels industry 3600 synopsis, 2013 - 2024

2.1.1   Business trends

2.1.2   Regional trends

2.1.3   Product trends

2.1.4   Capacity trends

2.1.5   Connectivity trends

Chapter 3    Floating Solar Panels Market Insights

3.1     Industry segmentation

3.2     Industry size & forecast, 2013 - 2024

3.3     Industry ecosystem analysis

3.4     Innovation & sustainability

3.5     Regulatory landscape

3.5.1   Japan

3.5.2   Europe

3.5.3   China

3.5.4   U.S.

3.5.5   India

3.5.6   Brazil

3.5.6   Australia

3.6     Price trend analysis

3.7     Industry impact forces

3.7.1    Growth drivers

3.7.1.1    Increasing adoption of clean energy sources

3.7.1.2    High land acquisition cost

3.7.1.3    High capacity utilization factor

3.7.2    Industry pitfalls & challenges

3.7.2.1 High initial installation cost

3.8     Growth potential analysis

3.9      Porter’s analysis

3.10    Competitive landscape, 2015

3.10.1   Strategy dashboard

     3.11    PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/floating-solar-panels-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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