Brazil floating solar panel market is anticipated to observe a substantial growth over the coming timeframe, driven by high investments in PV systems installations across the nation’s large water bodies. Substantial reduction in solar panel costs will escalate China floating solar panel industry size by 2024.
U.S. floating solar panel market value is projected to surpass USD 250 million by 2024, due to the beneficial government regulations promoting the use of renewable energy sources as well as clean energy technologies. Limited land availability along with scarcity of natural resources will boost the demand for PV systems deployment, thereby stimulating Japan floating solar panel market growth over the coming seven years, having attained a revenue of USD 14 million in 2015.
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Stationery and Tracking are the major floating solar panel products. Stationary floating solar panels accounted for 90% of the overall floating solar panel market share in 2015 and is expected to witness lucrative gains over the coming years. The growth can be attributed to the high popularity of these products across emerging economies, owing to its cost-effectiveness. Tracking floating solar panel industry revenue is expected to hit USD 250 million by 2024, primarily driven by its durability and proficiency.
Floating solar panels are connected via off grid and on grid systems. On grid floating solar panel market share, which accounted for 75% of the overall revenue in 2015, is expected to grow notably over the coming timeframe. Rapid expansion of the utility projects along with tax concessions offered by government will favorably impact the business growth.
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.
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Glimpse of Table of Content (ToC): –
Chapter 4 Floating Solar Panel Market, By Product
4.1 Floating solar panels industry share by product, 2015 & 2024
4.2.1 Tracking floating solar panels industry, 2013 – 2024
4.2.2 Tracking Floating solar panels industry volume, by region, 2013 – 2024
4.2.3 Tracking Floating solar panels industry revenue, by region, 2013 – 2024
Chapter 5 Floating Solar Panel Market, By Capacity
5.1 Floating solar panels industry share by capacity, 2015 & 2024
5.2 0.1 – 1 MW
5.2.1 0.1 – 1 MW floating solar panels industry, 2013 – 2024
5.2.2 0.1 – 1 MW Floating solar panels industry volume, by region, 2013 – 2024
5.2.3 0.1 – 1 MW Floating solar panels industry revenue, by region, 2013 – 2024
5.3 1 – 5 MW
5.4 ≥ 5 MW
Chapter 6 Floating solar panels industry, By Connectivity
6.1 Floating solar panels industry share by connectivity, 2015 & 2024
6.2 On Grid
6.2.1 On Grid floating solar panels industry, 2013 – 2024
6.2.2 On Grid Floating solar panels industry volume, by region, 2013 – 2024
6.2.3 On Grid Floating solar panels industry revenue, by region, 2013 – 2024
6.3 Off Grid
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