Floating solar panels are also referred as floating solar farms or floating solar arrays, referring to an array of photovoltaic (PV) panels on a structure that floats on a water body typically a lake or a reservoir. A floating solar panel system built on water conserves land space increases the overall efficiency of the solar panel, and provides several environmental benefits, including reduced evaporation of water.

MIR analysts forecast the global floating solar panels market to grow at a CAGR of 31.16% during the period 2018-2022.

The report covers the present scenario and the growth prospects of the global floating solar panels market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of floating solar panels.

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Global Floating Solar Panels Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Floating Solar Panels Market Key Vendors Are: KYOCERA, Solaris Synergy, Trina Solar, Yingli Solar.

Floating Solar Panels Market Driver:

  • Growing investments in renewable energy 
  • For a full, detailed list, view our report

 Floating Solar Panels Market Trends:

  • increasing conversion efficiency of solar PVs
  • For a full, detailed list, view our report

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 The Floating Solar Panels Market is divided into the following segments based on Geography:

  • Americas
  • APAC
  • EMEA

This independent 118-Page report guarantees you will remain better informed than your competition. With approx 210 tables and figures examining the Floating Solar Panels Market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.

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Commenting on the report, an analyst from MIR team said: “The latest trend gaining momentum in the market is increasing conversion efficiency of solar PVs. Though solar energy is a clean source of energy, its conversion efficiency when compared to the other sources is quite low. This is inducing solar panel companies to focus more on improving the efficiency of solar panels. Panasonic has already introduced a new series of solar panels that have high efficiency than its older models. Since solar panels that operate at low temperatures have a higher efficiency, this need for enhancing the efficiency will drive the adoption of floating solar panels since they use water as a cooling medium.”

According to the report, one of the major drivers for this market is growing investments in renewable energy. The recent years witnessed a significant shift in preference towards power generation from renewable sources such as wind and solar and it has been observed that the global investment in solar power was more than USD 100 billion in 2016. Owing to technological advancements that led to a reduction in the overall expenditure, there is a considerable decrease in costs required to manufacture PV system components. This will result in increased investments in renewable energy, which will subsequently augment the growth prospects of this solar panel market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key Highlights of The Floating Solar Panels Market Report:

  • The key details related to Floating Solar Panels Market like the product definition, cost, variety of applications, demand and supply statistics are covered in this report.
  • Competitive study of the major Floating Solar Panels Market players will help all the market players in analyzing the latest trends and business strategies.
  • The study of emerging Floating Solar Panels Market segments and the existing market segments will help the readers in planning the business strategies.
  • Figure Global Production Market Share of Floating Solar Panels Market by Types and by Applications in 2017.

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