Floating Solar Panel Market Size Analysis by Global Business Prospects 2022: Top Countries Data Segmented By Applications and Geography Trends, Sales Channels, Technology and Production Analysis till 2031

 Kenneth Research, in its repository of market research reports, have recently added a report on Floating Solar Panel Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Floating Solar Panel Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Floating Solar Panel Market products.

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On the other hand, the increasing focus of the players in the energy and power industry to lower their cost of operations so as to enhance their profitability, is also anticipated to contribute to the market growth. The natural gas rents, which is defined as the difference between the total cost of production of natural gas and the production value at world prices, decreased significantly from 0.40% of GDP in 2001 to 0.18% of GDP in 2017. Alternatively, the oil rents, which increased from 1.09% of GDP in 2001 to 1.30% of GDP in 2019, portrays the need amongst the players to enhance their focus in reducing the cost of production of oil.

Global Floating Solar Panel Market was valued at USD 163.20 Million in the year 2017. Global Floating Solar Panel Market is further projected to grow at a CAGR of 35.42% from 2017 to reach USD 1847.69 Million by the year 2025. Asia Pacific region holds the highest Market share in 2017 and Asia Pacific Market is considered as the fastest growing Market in the forecasted period. At country level China, Japan and India hold the highest Market share in 2016 and it is projected to grow at a strongly in the coming years.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Major market players in Floating Solar Panel Market are Solaris Synergy, Sharp Corporation, Trina Solar, Yingli Solar, Pristine Sun LLC, Sino Group, KYOCERA Corporation, ITOCHU Corporation, Hanwha Group, Wuxi Suntech Power Co. Ltd., Mitsubishi Electric Corporation, JA SOLAR Co. Ltd. also other 12 companies detailed information in provided in research report.

Strength
Low operation and maintenance cost
Rising need for renewable energy

Weakness
Expensive and delicate

Opportunities
Decrease of evaporation

Threats
The availability of solar radiation can differ depending on location

The Global Solar Floating Panel is segmented by product type, by connectivity, by location, and by region in the forecasted period. The major shares of the Market come from Stationary in Global Floating Solar Panel Market. On the other hand, On-Grid type for this Market is expected to grow at the highest CAGR during the year 2018-2025.

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By Product Type
Stationary Floating Solar Panels
Tracking Floating Solar Panels

By Connectivity
On Grid Floating Solar Panel
Off-Grid Floating Solar Panel

By Location
On-Shore Floating Solar Panel
Off-Shore Floating Solar Panel

By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa

Key points covered in this report:

  • The historical and current data is provided in the report based on which the future projections are made and the industry analysis is performed.
  • The import and export details along with consumption value and production capability of every region is mentioned in the report.
  • Porter’s five forces analysis, value chain analysis, SWOT analysis are some additional important parameters used for the analysis of market growth.

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About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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