Floating Solar Panels Market Forecast by Key Players: Solaris Synergy, SPI Energy, KYOCERA, Yingli Solar, Ciel & Terre International, Novaton AG, Pristine Sun, Sunenergy and Vikram Solar
Floating solar panels market for Brazil is set to exceed 34% by 2024. Rising demand for electrification coupled with declining LCOE for solar installations will drive the market.
(EMAILWIRE.COM, August 06, 2018 ) Market Overview:-
Global Floating Solar Panels Market is expected to grow at over 42% CAGR to surpass USD 920 million by 2024. On-grid floating solar panels Market is anticipated to witness a grow over 45% by 2024. In 2017, Sungrow announced the establishment of its 40 MW grid connected aquaculture floating PV power project in China. Rising focus towards large scale utility projects along with government funded incentives and tax benefits will stimulate the industry growth.
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Stringent government norms to reduce GHG emissions coupled with adoption of sustainable energy sources will augment the floating solar panels market growth. Government of Germany aims at curtailing GHG emissions by 40% until 2020 and about 95% by 2050 below 1990 levels. UK government declared its target to curb carbon emissions by 80% until 2050 below 1990 levels under the Climate Change Act 2008.
Top Key Players:-
Key industry player includes Solaris Synergy, SPI Energy, KYOCERA, Yingli Solar, Ciel & Terre International, Novaton AG, Pristine Sun, Sunenergy and Vikram Solar.
Market share calculation in this report is not done based on companies covered in it. The calculation of floating solar panels market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
U.S. floating solar panels Market is set to grow over 67% by 2024. Federal and state government initiatives towards renewable integration and stringent norms pertaining to carbon capture will augment the industry growth. Rising investments towards development of energy optimized technology along with micro-grid network expansion will further stimulate the business outlook.
For Europe, UK floating solar panels market was valued over 1 MW in 2015. In 2016, of UK Government introduced its floating solar project across Queen Elizabeth II reservoir. The project incorporates over 23,000 solar panels worth USD 7.8 million investment to electrify local water treatment plants and residential establishments.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/692
Partial Chapter of the Table of Content
Chapter 3 Floating Solar Panels Industry Insights
3.1 Industry segmentation
3.2 Industry size & forecast, 2013 - 2024
3.3 Industry ecosystem analysis
3.4 Innovation & sustainability
3.5 Regulatory landscape
3.5.1 Japan
3.5.2 Europe
3.5.3 China
3.5.4 U.S.
3.5.5 India
3.5.6 Brazil
3.5.6 Australia
3.6 Price trend analysis
3.7 Industry impact forces
3.7.1 Growth drivers
3.7.1.1 Increasing adoption of clean energy sources
3.7.1.2 High land acquisition cost
3.7.1.3 High capacity utilization factor
3.7.2 Industry pitfalls & challenges
3.7.2.1 High initial installation cost
3.8 Growth potential analysis
3.9 Porter’s analysis
3.10 Competitive landscape, 2015
3.10.1 Strategy dashboard
3.11 PESTEL analysis
Browse Full Report @ https://www.gminsights.com/industry-analysis/floating-solar-panels-market
Limited availability of land for PV system deployment along with advancing solar technology will embellish the floating solar panels market share. Effective utilization of water resources coupled with ease of regulating panel temperature will further foster the industry outlook. In 2017, Hong Kong government appointed Black & Veatch to conduct a feasibility study for floating solar establishments across seventeen impounded reservoirs. Economic benefits including rent and business tax from plant operators to local reservoir owners along with Feed in tariff schemes will further complement the business landscape.
Tracking floating solar panels market share is anticipated to reach over USD 250 million by 2024. Increasing product efficiencies along with declining solar component costs will upsurge the market share. In 2016, global average panel price dipped by over 20% from 2015 levels.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Global Floating Solar Panels Market is expected to grow at over 42% CAGR to surpass USD 920 million by 2024. On-grid floating solar panels Market is anticipated to witness a grow over 45% by 2024. In 2017, Sungrow announced the establishment of its 40 MW grid connected aquaculture floating PV power project in China. Rising focus towards large scale utility projects along with government funded incentives and tax benefits will stimulate the industry growth.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/692
Stringent government norms to reduce GHG emissions coupled with adoption of sustainable energy sources will augment the floating solar panels market growth. Government of Germany aims at curtailing GHG emissions by 40% until 2020 and about 95% by 2050 below 1990 levels. UK government declared its target to curb carbon emissions by 80% until 2050 below 1990 levels under the Climate Change Act 2008.
Top Key Players:-
Key industry player includes Solaris Synergy, SPI Energy, KYOCERA, Yingli Solar, Ciel & Terre International, Novaton AG, Pristine Sun, Sunenergy and Vikram Solar.
Market share calculation in this report is not done based on companies covered in it. The calculation of floating solar panels market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
U.S. floating solar panels Market is set to grow over 67% by 2024. Federal and state government initiatives towards renewable integration and stringent norms pertaining to carbon capture will augment the industry growth. Rising investments towards development of energy optimized technology along with micro-grid network expansion will further stimulate the business outlook.
For Europe, UK floating solar panels market was valued over 1 MW in 2015. In 2016, of UK Government introduced its floating solar project across Queen Elizabeth II reservoir. The project incorporates over 23,000 solar panels worth USD 7.8 million investment to electrify local water treatment plants and residential establishments.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/692
Partial Chapter of the Table of Content
Chapter 3 Floating Solar Panels Industry Insights
3.1 Industry segmentation
3.2 Industry size & forecast, 2013 - 2024
3.3 Industry ecosystem analysis
3.4 Innovation & sustainability
3.5 Regulatory landscape
3.5.1 Japan
3.5.2 Europe
3.5.3 China
3.5.4 U.S.
3.5.5 India
3.5.6 Brazil
3.5.6 Australia
3.6 Price trend analysis
3.7 Industry impact forces
3.7.1 Growth drivers
3.7.1.1 Increasing adoption of clean energy sources
3.7.1.2 High land acquisition cost
3.7.1.3 High capacity utilization factor
3.7.2 Industry pitfalls & challenges
3.7.2.1 High initial installation cost
3.8 Growth potential analysis
3.9 Porter’s analysis
3.10 Competitive landscape, 2015
3.10.1 Strategy dashboard
3.11 PESTEL analysis
Browse Full Report @ https://www.gminsights.com/industry-analysis/floating-solar-panels-market
Limited availability of land for PV system deployment along with advancing solar technology will embellish the floating solar panels market share. Effective utilization of water resources coupled with ease of regulating panel temperature will further foster the industry outlook. In 2017, Hong Kong government appointed Black & Veatch to conduct a feasibility study for floating solar establishments across seventeen impounded reservoirs. Economic benefits including rent and business tax from plant operators to local reservoir owners along with Feed in tariff schemes will further complement the business landscape.
Tracking floating solar panels market share is anticipated to reach over USD 250 million by 2024. Increasing product efficiencies along with declining solar component costs will upsurge the market share. In 2016, global average panel price dipped by over 20% from 2015 levels.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Information:
Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results