Global Floating Solar Panels Market Size Of USD 180.21 Billion By 2030Posted by rahul nikade on August 5th, 2022 Floating Solar Panels Industry Overview The global floating solar panels market size is expected to reach USD 180.21 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 22.5% from 2022 to 2030. The technical aspect of floating solar technology is projected to observe substantial growth over the estimated period owing to the growing demand for dependable renewable sources of energy for power generation. In addition, the reduction in land-related costs is likely to boost the demand over the forecast period. The stationary floating solar panels segment led the market in 2021. The segment is expected to keep its leading position over the forecast period. Stationary floating solar panels do not take up land area and are easy to install. These panels can be deployed easily on a body of water, such as a reservoir or a lake. Floating Solar Panels Market Segmentation Grand View Research has segmented the global floating solar panels market based on product and region: Based on the Product Insights, the market is segmented into Tracking Floating Solar Panels, Stationary Floating Solar Panels.
Floating Solar Panels Regional Outlook
Key Companies Profile & Market Share Insights The global market is highly competitive due to the presence of major industries across the region as these companies are fairly concentrated and highly competitive. Ciel & Terre is one the biggest installer in the market. The company operates in almost all parts of the world with a well-established track record of over 180 floating solar PV farms. Some prominent players in the global floating solar panels market include
Order a free sample PDF of the Floating Solar Panels Market Intelligence Study, published by Grand View Research.
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