What are the Industry Opportunities and Threats Faced by the Floating Solar PanePosted by Nicky Arora on October 24th, 2019 The Global Floating Solar Panels Market is expected to reach USD 2.70 billion by 2025, according to a new report by Grand View Research, Inc. The technology is expected to witness significant growth over the forecast period owing to rising demand for reliable renewable power generation. Furthermore, the ability to mitigate land cost is expected to favor demand over the projected period. The growing focus of various governments towards the use of renewable energy for power generation coupled as well as lower environmental pollution by reducing the dependence on fossil fuels is expected to have a positive impact over the projected period. Declining panel cost leading to lower per unit cost of generation is a key factor promoting the use of solar technology for power generation. Furthermore, lack of availability of suitable land for installation coupled with its ability to lower the impact of evaporation is a key factor driving the market over the forecast period. Further key findings from the report suggest:
Grand View Research has segmented the floating solar panels market on the basis of product and region: Product Outlook (Installed Capacity, Kilowatt; Revenue, USD Million, 2014 - 2025)
Regional Outlook (Installed Capacity, Kilowatt; Revenue, USD Million, 2014 - 2025)
Sample Copy https://www.grandviewresearch.com/industry-analysis/floating-solar-panels-market/request/rs1 About Grand View Research: Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide. Contact: Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105 United States Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Like it? Share it!More by this author |