Floating Solar Panel Market 2018-2028 by Size, Share, Trends, Growth, Forecast | TechSci Research

Floating Solar Panel Market is anticipated to develop rapidly during the forecast period at an impressive CAGR. The global floating solar panels market includes players, consumers, and other stakeholders that deal with the manufacturing, installation, and maintenance of solar panels that are specifically designed to float on water bodies, such as lakes, reservoirs, ponds, and lagoons. These solar panels are designed to harness solar energy and convert it into electricity, just like traditional solar panels that are installed on rooftops or the ground. Floating solar panels are an innovative solution to address land scarcity for solar power generation and offer several advantages, such as increased efficiency, reduced evaporation of water bodies, and potential for combined use with hydropower facilities.

Market Segmentation

The global floating solar panel market is classified based on capacity and type. Based on the capacity, the market is categorized into Up to 1MW, 1MW-5MW, and above 5MW. Based on type, the market is divided into stationary and solar tracking. Based on connectivity, the market is segmented into on grid and off grid.

Market Players

Ciel & Terre International, Kyocera Corporation, JA Solar Co., Ltd., Trina Solar Limited, Sharp Corporation, Yingli Solar, SPG Solar, Vikram Solar, Solaris Synergy, and Novaton AG are the key players in the global floating solar panels market. Companies are actively investing in the development and innovations of floating solar panels.
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