Stationary Floating Solar Panels to Witness High Demand until 2024
Increasing
demand for power and growing focus on renewable energy coupled with favorable
government regulations to drive global floating solar panels market through
2024
According to a report published by TechSci Research on “Global
Floating Solar Panels Market By Type, By Capacity,
By Connectivity, By Region, Competition, Forecast & Opportunities, 2024”, the global floating solar panels market
is anticipated
to grow at a CAGR of around 39% during the
forecast period on account of growing focus towards clean fuel electricity
generation sources coupled with scarcity of land. Moreover, regulators across
the globe are setting up numerous targets pertaining to renewable energy
capacity addition to curb the environmental pollution level, which is further
boosting the demand for floating solar panels globally.
Browse market data Tables and Figures
spread through 110 Pages and an in-depth TOC on " Global Floating Solar Panels Market "
https://www.techsciresearch.com/report/floating-solar-panels-market/4091.html
On the basis of type, the global floating
solar panels market has been categorized into stationary and solar tracking, of
which, stationary category is expected to account for a significant portion of
the global floating solar panels market during the forecast period. Stationary floating
solar panels are in demand in the developing and emerging economies owing to
the low cost of installation as compared to their counterpart. However, the
solar tracking floating panels are expected to grow at a faster rate throughout
the forecast period owing to their increased efficiency with tracking
technology.
In terms of region, the global floating solar
panels market is categorized into Asia-Pacific, Europe, North America, South
America and Middle East & Africa. Among the regions, Asia-Pacific is expected
to account for a significant portion of the global floating solar panels market
until 2024. The major factor driving the Asia-Pacific floating solar panels market
is growing investment in floating solar panels coupled with favorable
regulatory support of solar panels in countries like Japan, China and South
Korea.
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“The global floating solar panels market
is anticipated to witness a favorable growth landscape over the course of next
five years. Growing energy crisis and high rate of carbon footprints in the
atmosphere are boosting the need for sustainable power generation across the
globe, thereby resulting in the adoption of solar panels, which in turn, is
boosting the growth of floating solar panels market.” said, Mr. Karan Chechi
Research Director with TechSci Research, a research based global management
consulting firm.
“Global Floating Solar Panels Market By Type,
By Capacity, By Connectivity, By Region, Competition, Forecast &
Opportunities, 2024” has evaluated the future growth
potential of the global floating solar panels market and provides statistics
and information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges and opportunities
in the global floating solar panels market.
About TechSci Research
TechSci Research is a leading global
market research firm publishing premium market research reports. Serving 700
global clients with more than 600 premium market research studies, TechSci
Research is serving clients across 11 different industrial verticals. TechSci
Research specializes in research-based consulting assignments in high growth
and emerging markets, leading technologies and niche applications. Our
workforce of more than 100 fulltime Analysts and Consultants employing
innovative research solutions and tracking global and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
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