According to the market research report released by Technavio, the global floating solar panels market is expected to accelerate at a CAGR of over 31% during the forecast period. The increasing investments in renewable energy is one of the key factors triggering the growth of the market.
This research report titled ˜Global Floating Solar Panels Market 2018-2022 provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global floating solar panels market into the following products:
- Stationary floating solar panels
- Tracking floating solar panels
In 2017, the stationary floating solar panels segment accounted for 89% of the global market and is projected to decline to 84% by 2022, exhibiting almost 5% decrease in market share.
Global floating solar panels market: An emerging trend
The increasing conversion efficiency of solar PVs is an emerging trend in the floating solar panels market space. Solar power is an abundant and clean source of energy. However, it is low on efficiency as compared with other sources of electricity generation. The conversion rate of solar PVs is low, as only 15% of the sunlight that falls on the panel gets converted into electrical power. Though the technology is constantly evolving, the conversion rate of solar PVs is extremely lower than the energy generated by burning fossil fuels.
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Technavios sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavios report provides expert market research on the following topics:
- Market Outline
- Global Floating Solar Panels Market Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by product (stationary floating solar panels and tracking floating solar panels)
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Ciel & Terre, KYOCERA, Solaris Synergy, Trina Solar, Yingli Solar)
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