Latest
industry research report on: Floating Solar Panels Market | Industry
Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth,
Segmentation, Parameters, Forecasts
Over
the years photovoltaic systems have been successfully deployed on land
and in free space to generate energy. These commonly used solar energy
systems have two weaknesses: cost associated with the solar cells
fabrication & maintenance and requirement of vast land area. These
challenges are recovered by the new floating solar panels systems. In
past few years, a myriad of solar systems have been installed on rivers,
canals, reservoirs, ponds and oceans; augmenting the global market for floating solar panels.
The leading companies in the solar market struggle to find land to
install solar panels, and hence deploying solar panels over the
industrial water basins or on the rivers will give a win-win situation
to them. Countries with scare land space such as Singapore, which has
population of around 5.4 million in 2013 and 714 square kilometers of
total land area demands floating solar panels thereby, embellishing the
global floating solar panels market.
One
of the drivers of the global floating solar panels is the rents and
business tax earned by the reservoir owner. Further, it also allows the
plant operators to rent the reservoir cheaply and with no reclamation
cost. Moreover, the floating solar panel enables low maintenance and
management cost. Floating solar panels can also be easily moved
according to the sun’s position. The buoyant photovoltaic panel brings
several benefits such as water evaporation prevention thereby saving
water, especially in places with dry climate. Furthermore, another
driver of the global floating solar panels market is the higher
efficiency provided by the floating panels. The cooling effect produced
by the water helps to maintain the temperature of the silicon panels
thereby upholding the efficiency. Apart from maintaining constant
temperature, the placement of solar cells in water inhibits algae
growth. One of the restraints of the global floating solar panels market
is the large cost of installation and securing profitability at the
same time. The floating solar panel market has several opportunities as
it can be placed in industrial ponds such as water treatment plant and
it can provide electricity to the treatment plant. Moreover, it can also
be planted in the hydroelectric plants. Additionally, the installation
of floating panels cannot be done in sea as the waves will prevent the
angular position of sun and the wind speed will also affect the amount
of electricity generation.
The global market for floating solar panels can be segmented on the basis of product types as:
- Solar-tracking floating solar panels
- Stationary floating solar panels
The
Floating panels can be installed on different canals, ponds, reservoirs
and the global market for floating solar panels can be segmented as:
- Off-shore floating solar panels
- On-shore floating panels
The
solar panels are deployed in the industries such as in the water
treatment plant. Also these panels are installed on the rivers and
various on-shore resources. The global market for floating solar panels
can be segmented on the basis of geography as:
- North America
- Europe
- Asia-Pacific
- Rest of the World
Countries
such as Japan, Singapore and India in the Asia-Pacific region are
contributing towards higher demand for the floating solar panels market.
Some
of the major players in the global floating solar panels market are:
GEITS, SPG Solar, Kyocera Corporation, Japan Mega Solar Power Co.,
Suntech Power Holdings Co., Ltd., Trina Solar Limited, Yingli Solar and
Sharp Corporation.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for the
coming years. It includes analysis of recent developments in technology,
Porter’s five force model analysis and detailed profiles of top
industry players. The report also includes a review of micro and macro
factors essential for the existing market players and new entrants along
with detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It
helps in making informed business decisions by having complete insights
of market and by making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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