Dublin, May 10, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Floating Solar Panels Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2013 to 2023" report to their offering.
The Global Floating Solar Panels Market is expected to reach US$ 842.0 Mn by 2023, expanding at a CAGR of 65.1% during the forecast period 2016 to 2023.
Market Insights 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).
Asia Pacific was estimated to be the largest market for floating solar panels in 2015. Growing investment in floating solar panels coupled with favourable regulatory support is expected to augment the growth of solar panels in Japan, China and India. Further, countries such as South Korea, Thailand, Malaysia, Australia and Maldives are projected to increase their investment in development of floating solar panel plants during the forecast period. Yamakura Dam project in Japan is expected to drive the demand for floating solar panels in Japan. The region is also anticipated to be the fastest growing region during the forecast period.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Floating Solar Panels Market Analysis
3.1 Floating Solar Panels Market Overview
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Bundle of Advantages Offered by Floating Solar Panels
3.2.1.2 Rent and Business Tax Earned by the Reservoir Owner
3.2.1.3 Low Management and Maintenance Costs
3.2.1 Challenges
3.2.1.1 Requirement of Large Area for Installation and Other Technical Challenges
3.3 Market Positioning of Key Players
Chapter 4 Floating Solar Panels Market, By Product
4.1 Overview
4.2 Stationary Floating Solar Panels
4.3 Solar Tracking Floating Panels
Chapter 5 Floating Solar Panels Market, By Location
5.1 Overview
5.2 Offshore Floating
5.3 Onshore Floating
Chapter 6 Floating Solar Panels Market, by Geography
Chapter 7 Company Profiles
- Ciel Et Terre International
- Solaris Synergy
- Sunengy Pty Ltd.
- KYOCERA Corporation
- Trina Solar Limited
- Sharp Corporation
- Yingli Solar
- Pristine Sun LLC
- SPG Solar
- SPI Energy Co., Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/lx3v8g/global_floating