Global Floating Solar Panels Market is Expected to Reach US$ 1.58 Bn by 2022: Credence Research

According to a new market report published by Credence Research “Floating Solar Panels Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022,” the floating solar panels market was valued at US$ 0.16 Bn in 2016, and is expected to reach US$ 1.58 Bn by 2022, expanding at a CAGR of 113.9% from 2016 to 2022.

Browse the full Floating Solar Panels Market (Stationary Floating Solar Panels, Solar Tracker Floating Panels) for Off-Shore and On-Shore Locations- Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022 report at http://www.credenceresearch.com/report/floating-solar-panels-market

Market Insights:

Photovoltaic panels are known to be eco-friendly source of energy based on power generation technology. However, as they provide us with huge benefits, they do have drawback as they occupy large land areas. Many countries worldwide do not have sufficient free-land areas therefore solar PV systems cannot be installed in those countries. This drawback was addressed by introducing floating solar panels to the market worldwide. These floating solar panels can be installed upon lakes, ponds, reservoir and rivers among other water bodies. These floating solar panels have many benefits over land-mounted solar panels which include evaporation control and increased efficiency. These floating solar panels work efficiently at low temperature and hence have increased efficiency due to cooling effect of water.

On the basis of product type, floating solar panels market is segmented into stationary floating solar panels and solar-tracking floating panels. Among these, stationary floating solar panels dominated the global floating solar panels market worldwide. These floating panels have number of advantages over solar tracking panels in the market. These panels make use of water surface for the process of installation of solar panels. Asia Pacific is the largest consumer of floating solar panels in the market. Solar tracking floating panel occupy huge land space which is not available in some of the countries globally. In addition, high investment and low efficiency is another factor leading to steady demand for solar tracking floating panels in the market. A number of benefits provided by stationary floating solar panels over solar tracking floating panels have led to growth of global floating solar panels market globally.

Browse All Reports of This Category @ http://www.credenceresearch.com/industry/energy-and-power-market

Competitive Insights:

Floating solar panels, on the basis of location are segmented into off-shore and on-shore floating solar panels. Off-shore floating solar panels accounted for the larger share of the global floating solar panels market. Presence of large water bodies worldwide has been a boon for the growth of stationary floating solar panels. As these panels have high efficiency of power generation, stationary floating solar panels are on high demand as off-shore floating solar panels in the market. On-shore floating solar panels are expected to experience steady demand due to limited land available for its installation. Asia Pacific dominated the global floating solar panels market. Stringent regulations and government investment are the major factors driving the growth of global floating solar panels in the region. North America followed Asia Pacific in terms of growth and use of floating solar panels in the global market. Other regions such as Europe, Middle East and Africa and Rest of the World are also expected to boost market growth of floating solar panels in the market during the forecast period from 2015 to 2022.

Key Trends:

High demand from Asia Pacific
Cost efficient
High power generation
Opportunities from increase in research and development activities

Blog URL – http://www.mobilecomputingtoday.co.uk/3663/global-floating-solar-panels-market-expected-reach-1-58-2022-credence-research/

About Credence Research:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

For More Information, Visit: Credence Research

Media Contact
Company Name: Credence Research
Contact Person: Chris Smith,
Designation: Global Sales Manager
Phone: 1-800-361-8290 FREE
Address: 105 N 1st ST #429, SAN JOSE,
CA 95103
E-mail: sales@credenceresearch.com