Global Floating Solar Market Outlook for 2021-26
Markntel Advisors has conducted a comprehensive study on the Global Floating Solar Market is projected to grow at a CAGR of around 45% during the forecast period, i.e., 2021-26. The growth of the market is likely to be driven primarily by the mounting focus of various countries worldwide on producing clean & renewable energy and various government initiatives associated with floating solar plant installations, including tax rebates & incentives.
In addition, the Global Floating Solar Market Study highlights the impact of domestic and localized market players, emerging revenue opportunities, strategic market growth analysis, product approvals, product launches, geographic expansions, and technological innovations. The objective of the report is to provide a detailed understanding of the industry, including its features, factors, and elements, along with insights into the regulatory scenario & regional dynamics that may impact market growth.
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Key Driver: Increasing Number of Renewable Energy Sources
With the swiftly depleting fossil fuel reserves, the demand for sustainable power generation like floating solar technology is increasing at an astronomical pace. Solar energy is the fastest growing renewable source due to the ample amount of sunlight globally. Besides, benefits like sustainability, cost-effectiveness, low maintenance, excellent durability, & minimal effect on the environment are significantly propelling the use of floating solar plants worldwide, which, in turn, would drive the global market in the coming years.
Global Floating Solar Industry Breakdown: Key Revenue Generating Segments
To facilitate focused analysis, the Floating Solar Market has been divided into different segments, providing shareholders with the opportunity to identify their areas of interest and the most profitable opportunities within the market. By incorporating technical trends, comprehensive analysis of the downstream & upstream value chain, as well as Porter's five forces analysis, we have diligently forecasted the industry landscape for specific regions/countries, presenting critical pointers for informed decision-making. The segments are as follows:
-By Type
-Stationary
-Solar Tracking
-By Technology
-Photovoltaic
-Concentrated Solar Power
-By Location
-Onshore
-Offshore
-By Capacity
-0.1-1 MW
-1-5 MW
-≥ 5 MV
-By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
Each sections offer valuable insights into the Floating Solar Market. The report includes essential pillars of the industry study, such as drivers, restraints, opportunities, and challenges. The report also provides information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, and technological advancements, potential for improvement, applications, among others.
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Competitive Analysis of the Global Floating Solar Industry
-Solaris Synergy
-Sunengy Pty Ltd
-Vikram Solar
-Ciel & Terre International
-KYOCERA Corporation
-Novaton AG
-Pristine Sun LLC
-SPI Energy Co., Ltd.
-Yingli Solar
-JA Solar Technology Co. Ltd.
-Ocean Sun AS
-Quant Solar
-Sharp Corporation
-Tata Power Solar System Ltd.
-Swimsol GmbH
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Global Floating Solar Market Research Report Answers the Following Key Questions
- How big is the Global Floating Solar Market?
- What is the projected growth rate or CAGR of the Global Floating Solar Market during 2021-26?
- What are the key trends or growth opportunities for the key players in the Global Floating Solar Market?
- Which ‘segment’ seems promising for companies operating in the Global Floating Solar Market?
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