The Global Floating Solar Panels Market is expected to reach
Floating solar panels market is expected to witness robust growth with rising inclination towards clean energy of various economies across the globe. Factors such as subsidies and tax benefits offered by the governments, directed with the aim of installation of the solar panels along with rent benefits offered to the owners of the reservoir are expected to provide an impetus to the growth of the solar photovoltaic (PV) panels market. Also, scarcity of land open and increasing use of water resources such as reservoirs, ponds, canals and rivers etc. for the installation of floating solar panels is expected to propel the growth of the overall market. Furthermore, the floating solar panels enables low management and maintenance costs. The buoyant photovoltaic (PV) panel carries with it several benefits such as it helps save water by water evaporation retention in places with dry climate.
Further, the floating solar photovoltaic panels offers enhanced efficiency. The cooling effect of the water helps to maintain the temperature of the silicon panels thus enhancing the efficiency levels. Moreover, the floating solar photovoltaic (PV) panels can also be planted in the hydroelectric plants. However, high cost of installation and lack of resistance to corrosion in sea water restricts the use of floating solar panels which in turn is anticipated to hamper the demand for the floating solar panels during the forecast period (2016-2023).
- Production capacity expansion
- Investment in research and development
Ciel Et Terre International
Sunengy Pty Ltd.
- KYOCERA Corporation
- Trina Solar Limited
- Sharp Corporation
Pristine Sun LLC
- SPI Energy Co., Ltd.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Floating Solar Panels Market Analysis
Chapter 4 Floating Solar Panels Market, By Product
Chapter 5 Floating Solar Panels Market, By Location
Chapter 6 Floating Solar Panels Market, by Geography
Chapter 7 Company Profiles
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Related Topics: Photovoltaics