Huge Demand for Floating Solar Panels
Floating solar panels are also known as floating photovoltaic (FPV); it is a solar array that floats on the body of water. Changing preferences for power generation from renewable sources of energy, such as wind and solar, several government initiatives to promote solar energy, and increased investments in renewable energy sources are some of the major factors boosting the growth of the floating solar panels market.
An increasing focus towards clean fuel electricity generation sources, coupled with scarcity of land, drives the floating solar panels market over the forecast period. Benefits associated with the setting up of floating panels plants as comparing with conventional plants are likely to fuel the floating solar panels market growth. However, the overall cost of floating solar panels is higher than the stationary type, which act as a major restraint for the floating solar panels market growth. Further, high energy demand, growing networks of solar installers, and reductions in technology prices are expected to propel the floating solar panels market growth.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global floating solar panels market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The floating solar panels market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
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