• – Advantages like the elimination of a large land requirement, reduction in evaporation, and a vast amount of power generation are assisting the floating solar panels market to flutter its wings across the horizon of growth

 

  • – A robust CAGR of 43.02 percent is anticipated to be recorded for the global floating solar panels market between 2019 and 2027

 

Transparency Market Research, New York: Technologies related to renewable energy generation are creating ripples across the globe. Various countries around the world are adopting renewable energy methods for preserving valuable non-renewable resources. The floating solar panels market will grow at a rapid rate on these factors. In addition, the various benefits provided by floating solar panels will serve as a cherry on the cake.

The analysts at Transparency Market Research (TMR) foresee the global floating solar panels market to expand at a strong CAGR of 43.02 percent during 2019-2027. The global floating solar panels market was valued at US$ 240.65 mn in 2018.

Request for Covid-19 Impact Analysis on Floating Solar Panels Market: https://www.transparencymarketresearch.com/Covid19.php

The emergence of innovations in the floating solar panels market is bringing tremendous growth prospects for the floating solar panels market. Novel concepts like photovoltaic-hydropower hybrid plants are adding feathers of growth in the cap of the floating solar panels market. The exploration of untapped regions like Azerbaijan and Russia for growth prospects is also proving to be a boon for the floating solar panels market.

Floating Solar Panels Market: Prominent Findings

  • – Based on type, the stationary floating solar panels acquired more than 90 percent share of the global floating solar panels market in 2018

 

  • – Above 5 MW segment acquired more than 50 percent share of the global floating solar panels market on the basis of capacity

 

  • – Asia Pacific emerged as the largest growth-contributing region in 2018 with more than 92 percent share of the global floating solar panels market in 2018

 

  • – Japan and China constituted more than 80 percent of the global market share in 2018

 

  • – Asia Pacific is anticipated to continue the same dominance during the forecast period of 2019-2027

 

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php

Floating Solar Panels Market: Growth Strengtheners

Zero dependence on large swathes of land for installing solar panels will serve as an expansive growth generator for the floating solar panels market. The cooling effect caused by water bodies on solar panels enables them to perform better on water bodies as compared on land, thus bringing massive growth opportunities for the floating solar panels market.

  • – As floating solar panels are anchored at a specific location, they can be easily transported across the water body, thus providing the portability factor, further increasing the growth rate

 

  • – Floating solar panels help in reducing evaporation across the water bodies and, hence, this factor can bring magnifying growth

 

  • – Maintenance of floating solar panels is low as compared to a land-based system

 

  • – Rising investments across the renewable sector may serve as growth multipliers for the floating solar panels market

 

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/2952

India’s Role as Goldmine of Growth for Floating Solar Panels Market

India is prominently bringing extensive growth opportunities for the floating solar panels market. The government initiatives regarding the utilization of renewable energy resources are assisting India to become an epicenter of growth. The formation of the International Solar Alliance (ISA) comprising the countries lying partially or completely between the Tropic of Cancer and Tropic of Capricorn has added extra muscle to the growth of the floating solar panels market.

Purchase Premium Research Report on Floating Solar Panels Market @ https://www.transparencymarketresearch.com/checkout.php

The first floating solar panels project in India was launched at Kolkata, a city in India in 2014. After the success of the project, various floating solar panels projects are underway across the country. Madhya Pradesh, a state in India is planning a 1GW floating solar plant on the Indira Sagar Dam and is pegged to be the world’s largest floating solar plant after completion. Such initiatives are developing a strong bond of growth with the floating solar panels market.

Browse More Press Releases: https://www.transparencymarketresearch.com/press-releases.htm

 

Global Floating Solar Panels Market: Segmentation

By Type

  • – Stationary Floating Solar Panels
  • – Solar-Tracking Floating Solar Panels

 

By Capacity

  • – Up to 1MW
  • – 1MW – 5MW
  • – Above 5MW

 

By Region

  • – Asia Pacific
  • – Americas
  • – Europe
  • – Rest of the World

 

Browse Latest Reports by TMR: https://www.transparencymarketresearch.com/latest.htm

 Explore Transparency Market Research’s award-winning coverage of the global Energy & Natural Resources Industry,

 Shale Gas Hydraulic Fracturing Market – Due to the fragmented scenario of the global shale gas hydraulic fracturing market, the players are facing a tough competition in the forecast period of 2019 to 2027. This nature of the market is attributed to the presence of the several prominent players. These players are constantly updating their product portfolio which further enables them to capture a considerable share in the global shale gas hydraulic fracturing market.

Sintered Steel Market – The global sintered steel market is likely to experience moderate growth over the period of assessment primarily due to the expansion of the construction industry. In addition, with the development of the transportation industry and phenomenal rise in the adoption of consumer electronics and electrical products, the market is poised for growth.

Subsea Well Access System Market – The global subsea well access system market is primarily driven by plummeting production from the oil and gas reserves together with ageing offshore fields. A quick shift toward subsea regions is the emerging trend in oil and gas production sector, marking an important divergence from the usual methods of production. Some of the subsea environment exists in most unexplored and extremely remote parts of the earth. Working in such an environment renders intervention and monitoring extremely difficult. It poses some environmental issues and unique challenges for the workers and the companies alike.

Coal Water Slurry Market – Growth of the global power sector is expected to be another major driver of the global coal water slurry market during the forecast period, as increase in the demand for uninterrupted power supply in developing countries such as China and India led by frequent blackouts, power cuts, and load shedding calls for usage of steam turbines for power generation, wherein CWS is used as an alternative source of fuel.

Explore More Upcoming Reports: https://www.transparencymarketresearch.com/upcoming.htm

 

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

 

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Press Release Source: https://www.transparencymarketresearch.com/pressrelease/floating-solar-panels-market.htm

Website: http://www.transparencymarketresearch.com