Floating Solar System Market 2023-2029 Global Outlook (Demand, Shares, Trends, Growth)- Sungrow, Ciel and Terre, BayWa r.e., LS Electric Co., Ltd.
Market Insight Report is one of the world’s leading market research firms, is pleased to announce its new Floating Solar System Market report 2023-2029, covering all aspects of the market and providing up-to-date data on current trends.
The Floating Solar System Market report is a valuable source of insightful data for business strategists, it can help clients make business decisions and understand the strategies of top main companies in the commercial enterprise. It covers a whole evaluation of numerous features of industries such as market overview, size, present growing valuation, historical and unborn cost, Current trends, SWOT assessment, revenue, supply and demand information and clients operating in all counties. The report contains detailed analysis of Floating Solar System market segmentation, regional and country breakdown. The study stresses on complete evaluation of the value chain, technical improvements, prospects, future roadmaps and distributor analysis. The report gives strong and exact idea about the complete market, comprehensive data to enhance the understanding, universal Growth, to the clients to take beneficial decisions.
The global floating solar System market size was valued at USD 48.16 million in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 32.85% from 2023 to 2029.
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Market key Players: – Sungrow, Ciel and Terre, BayWa r.e., LS Electric Co., Ltd., Trina Solar, Ocean Sun, Adtech Systems, Waaree Energies Ltd, Isigenere (Isifloating), Swimsol, Yellow Tropus,
Segment by Type:
PV Modules
Floating Body and Anchoring System
Inverter
Others
Segment by Applications:
Utility
Residential & Commercial
KEY MARKET INSIGHTS
Electrical energy is the basic need today, and its demand is increasing all over the world. Also, the need for an alternate source for energy has gained importance, and as solar energy is promoted by government’s ambitious green energy targets, it has become a major attraction for investors. Over the last decade countries like China, India, Japan Germany and USA have come up as solar powerhouses and increased the production of electricity by solar energy which in turn has helped the floating solar panel market to grow.
Floating solar panel is mounted on structures that float on water body. Waterbody typically includes drinking water reservoirs, quarry lakes, irrigation canals, remediation, and tailing ponds, and hydroelectric dam reservoirs. Floating Solar Panel is a simple and affordable alternative to ground-mounted photovoltaic system is particularly suitable for countries who cannot afford to waste either land or water. Floating solar panel include floating structure, frames for PV modules, mooring lines & anchors, combiner box, photovoltaic panel, and central inverter.
On the basis of capacity, floating solar panel is segmented in Up to 500 kW, 500 kW to 1 MW, 1 MW to 3 MW and Greater than 3 MW. Majority of the floating solar installations are less than 1 MW. On the basis of type, floating solar panels can be divided into stationary panel and tracking panel. On the basis of panel type, floating solar panel are divide in Mono-crystalline, Poly-crystalline, and Thin Film.
KEY INDUSTRY DEVELOPMENTS
project developer Sunseap had announced plans to build the world’s largest PV systems floating on seawater, located in the Johor strait which separates Singapore and Malaysia. The project is supported by Singapore’s Economic Development Board and will provide power to the grid over 25 years when complete.
Eni New Energy SpA, a subsidiary of Italian oil group Eni, is planning to develop first utility-scale 14.19 MW floating solar plant on an artificial water basin in Brindisi, located in the southern region of Apulia, Italy.
The Floating Solar System Market report covers analysis of following regions:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Asia Pacific dominated the global market in 2021 and accounted for the largest revenue share of over 73.27%.In Japan, the level of penetration of floating solar panels is high due to the less availability of land tied to the limited amount of fossil fuels. As a result, the government has authorized several plans for floating panels to meet the growing electricity consumption with lesser damage to the environment. In the APAC region, the penetration of floating solar technology is expected to surge due to its high market potential. In addition, a decrease in solar panel costs in the region coupled with growing awareness about floating solar technology is anticipated to boost market growth over the coming years. For instance, in 2018, KYOCERA Corporation of Japan started its operation at Japan’s largest 13.7 MW floating solar panel plant.
The Report Covers –
-Full in-depth analysis of the Floating Solar System market and Important changes in market dynamics.
– Detailed considerate of Floating Solar System market-particular drivers, worldwide recent Trends, constraints, Restraints, Opportunities and major micro markets.
– the report focus on Complete assessment of all prospects and risk.
– In depth analysis of commercial enterprise approaches for improvement of the Floating Solar System market main players.
– Market worldwide latest inventions and utmost vital procedures.
– the Research attention on Vital changes in request angles, product development in upcoming years, Competitive Landscape.
– Conclusive study about the increase conspiracy of Floating Solar System market for following many years.
-The Research cover expansive Study of Country-wise, Existing and changing competitive scenario of worldwide market and improvement new plans in following many years.
– Report provides huge data about trending factors that will impact the progress of the Floating Solar System Market.
Browse Full Report and TOC:-
https://www.marketinsightsreports.com/reports/011511367859/global-floating-solar-system-market-research-report-2023/inquiry?mode=137
Market Main Points Covered in TOC :
Chapter 1 Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global market Production, Revenue (Value) by Region
Chapter 5 Global Consumption, Export, Import by Regions
Chapter 6 Global market Price, analysis by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Market Forecast
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