Floating solar, also referred to as floating photovoltaic (FPV), is any kind of solar battery that floats on top of a body of water. Solar panels got to be affixed to a buoyant structure that keeps them above the surface. If you come upon a floating solar installation, its possibly located in a lake or basin because the waters are generally calmer than the ocean. Its also common to put in floating solar structures on large, man made bodies of water, like reservoirs.Floating solar is a relatively new concept. The primary patents for this sort of technology registered in 2008. Since then, floating solar has predominately been installed in countries like China, Japan, and the U.K.Source: Secondary Databases, Primary Interviews and Pan Global Research AnalysisGlobal Floating Solar Panels Industry Dynamics Increasing focus towards clean fuel power generation energy sources, including the insufficiency of land area, will boost the market growth during the projected period.
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Regulatory boards across the planet are fixing several targets associated with clean energy, which can help to regulate the pollution level. Heating and therefore the rapid depletion of fossil fuels instigated by their usage have shifted the worldwide attention to green energy resources from conventional sources of energy. Changing preferences for power generation from renewable sources of energy, like solar and wind, various government initiatives to market solar power, high energy demand, and increased investments in renewable energy are a number of the main factors expected to spice up the expansion of the market. Besides, cost effective nature, growing networks of solar installers, and reductions in technology prices are projected to propel the market growth.
Global Floating Solar Panels Market Key Segment
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Global Floating Solar Panels Market
By Capacity
• Up to 1MW
• 1MW 5MW
• Above 5MW
Global Floating Solar Panels Market
• By Capacity
• Stationary
Solar TrackingGlobal Floating Solar Panels Market Geographical Analysis By geography, the global Floating Solar Panels Market is segmented into North America, Asia Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).Asia Pacific accounted for the most important revenue share of in 2019 ,Additionally ,In Japan, the extent of penetration of the floating solar panels is high because of its less availability of land, in conjunction with a limited amount of fossil fuels. As a result, the government has authorized several plans for floating panels to satisfy the growing electricity consumption with lesser damage to the environment.In the APAC region,
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the penetration of the floating solar technology is predicted to surge due to its high market potential. Besides, decrease in solar array cost within the region, including growing awareness of floating solar technology, is anticipated to endorse growth over the upcoming years. as an example , in 2018, KYOCERA Corporation of Japan started its operation at Japans largest 13.7 MW floating solar array plant.Global Floating Solar Panels Market

Competitive Analysis

Some of the key leaders companies in the market include

• KYOCERA Corporation
• Trina Solar
• Yellow Tropus Pvt.Ltd
• Wuxi Suntech Power Co. ltd
• Hanwala Group
• Vikaram SolarLimited
• GCL
• SI
• TalesuN
• Sharp corporation
• Pristine Sun Corp
• Ciel & Terr International
• LONGi Solar.
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