Floating Solar Panels Market Size, Competitive Landscape, Regional Outlook and COVID-19 Impact Analysis 2022

  Floating Solar Panels Market Synopsis

Market Research Future (MRFR) in its latest report reveals that the global floating solar panels market is set to expand rapidly in the forthcoming years. Floating solar panels are witnessing a strong commercial interest. Solar energy is an alternative solution to rapidly depleting fossil fuel. Floating solar panel also referred to as floating photovoltaic (FPV) is a well-organised array of solar panel on water body on a lake or artificial basin.

With rapid depletion of fossil fuels and other non-renewable energy sources, research has increased to develop new techniques for harvesting energy from renewable sources. Photovoltaic systems are being vastly utilized for harvesting solar energy with the help of solar panels that are installed on large land areas. Recent technological advancement has led to the development of floating solar panels that are installed on the structure that floats on a water body, which does not occupy much of the land area.

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Floating Solar Panels Market Segmentation

Segmentation of the global Floating Solar Panels Market Analysis is based on product, location and region.

Based on the product, the floating solar panel market is segmented into the stationary floating solar panel and tracking floating solar panel.

Based on location, the floating solar panel market is segmented into onshore and offshore. The tax relaxation offered by the government is driving the growth of the onshore floating solar panel segment.

The offshore floating solar panel is responsible for renewable decentralized distribution of energy. This, in turn, is creating sustainable development in power generating systems. Hence an advantage to global floating solar panel market growth.

Based on region Market Research Future studied the floating solar panel market in North America, Europe, Asia Pacific and rest of the world (ROW).

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Report Attribute

Details

Forecast Period

2022 - 2030

Market Growth value

XX % CAGR

Revenue forecast in 2022-2030

USD XX billion

Base year for estimation

2021

Historical data

2019 – 2020

Unit

USD Billion, CAGR (2021 – 2030)

Segmentation

By Application, By End-Use, and By Region

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About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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