The global floating solar panels market was valued at $3.89 million in 2014, and it is expected to grow with a CAGR of 116.1% during 2015 - 2020. The factors driving the growth of the market include increased government initiatives and stringent environmental regulations, no need for acquisition of large land areas, and increased efficiency of power generation. The rapid depletion of fossil fuels and global warming caused by their usage has shifted the global interest from conventional energy to green energy. The different governments across the globe have initiated several projects and schemes to promote and encourage the generation of renewable energy. With the advent of floating solar technology, several countries such as Japan, the U.S., the U.K., France, Australia, India, and Brazil have started taking initiatives to develop floating solar power plants.
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Geographically, the Asia-Pacific market
accounted for the largest share in the global floating solar panels market in
2014. The floating solar panels market in Asia-Pacific is growing mainly, due
to increased government initiatives in promoting the usage of floating solar
panels. The stringent environmental regulations and high energy demand at lower
cost are also supporting the demand for cost effective and efficient floating
solar panels. The installation of ground-based solar systems requires large
land, the acquisition of which increases the cost of solar power installation.
Therefore, floating solar panel technology and presence of abundant water
bodies (such as ponds, lakes, rivers, waste water bodies and industrial
effluent ponds) are creating ample growth opportunities for the solar panel
industry in Asia-Pacific during the coming years.
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The key companies operating in the global
floating solar panels market include Novaton AG, Ciel & Terre
International, DNV GL AS, Infratech Industries Inc., KYOCERA Corporation, SPI
Solar, Pristine Sun, Yingli Green Energy Holding Company Limited, Trina Solar
Limited and Sharp Corporation.
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TABLE OF CONTENT
Chapter 1. Research Scope &
Methodology
Market Definition
Market Scope
Floating solar panels market breakdown by product type
Chapter 2. Executive Summary
Key Findings
Research Summary
Chapter 3. Market
Outlook
Introduction
Value chain analysis
Opportunities in the Floating Solar Panels Market
Massive unexplored floating solar panels market across the globe
Chapter 4. Economic Analysis of Floating Solar Panels
Introduction
Investment
Cost of Components
Expense and Revenue Analysis
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