The floating solar panels market is projected to grow at a CAGR of 40.73% over the forecast period of 2017-2023. Limited availability of land for developing solar power plants is the major driver of floating panels market. Rising penetration of tracking technology in floating solar plants coupled with high investment in research and development will further propel the growth of floating panels market worldwide. Supportive government initiatives and increased funding to develop solar energy plants will continue to support the growth of floating solar panels market during the forecast period.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Floating Solar Panels value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Floating Solar Panels market.
Major industry players profiled as part of the report are KYOCERA Corporation, Trina Solar, Solaris Synergy Ltd., and Swimsol among others.
Floating Solar Panels market has been analyzed through following segments:
Stationary Floating Solar Panels
Tracking Floating Solar Panels
Middle East and Africa