Global Non-Volatile Memory Market Research Report: Forecast to 2023
Floating Solar Panels Market Research Report: Global Forecast to 2023
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Summary Market Research Future (MRFR) in its latest report reveals that the global floating solar panels market is set to expand rapidly in the forthcoming years. Floating solar panels are witnessing a strong commercial interest. Solar energy is an alternative solution to rapidly depleting fossil fuel. Floating solar panel also referred to as floating photovoltaic (FPV) is a well-organised array of solar panel on water body on a lake or artificial basin. The land base alternative in case of floating solar panel reduces that cost and maintenance efforts that makes it economical and beneficial renewable energy solution. The rapid depletion in fossil fuel today is creating an extensive market for alternative renewable energy resources in which the contribution of floating solar panel seems outstanding in future. Initiatives taken by various governments around the world to adopt clean technology and promote the use of sustainable energy has made a positive impact on the market. In addition, installation of the panels in hydroelectric plants has led to the expansion of renewable energy generation business. Installation of floating solar panels is a constraint in floating solar panels market expansion to some extent. No floating solar panel installation can be done on the sea as it reduces the maximum amount of power generation. Implementation of new technologies in installing a floating solar panel is demanding thrice the investment to land-based solar panels. This continues to undermine the market potential of floating solar panels to some extent. The floating solar panels installation is creating scope for the reservoir owner to earn rents and business tax from plant operator. The floating solar panel has highly efficient silicon solar panels. This efficiency is maintained by the cooling effect of evaporating water on the silicon panels. The floating solar panels can be adjusted according to the position of the sun. The environmental benefit of floating solar panels is that it inhibits algae growth in water. These factors reduce the management and maintenance cost of floating solar panels and are the key drivers of the floating solar panels market. Investment in research and development by enterprises and tracking technology in a floating solar panel is leveraging the floating solar panels market.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Market Segmentation Segmentation of the global floating solar panel market is based on product, location and region. Based on the product, the floating solar panel market is segmented into the stationary floating solar panel and tracking floating solar panel. Based on location, the floating solar panel market is segmented into onshore and offshore. The tax relaxation offered by the government is driving the growth of the onshore floating solar panel segment. The offshore floating solar panel is responsible for renewable decentralized distribution of energy. This, in turn, is creating sustainable development in power generating systems. Hence an advantage to global floating solar panel market growth. Based on region Market Research Future studied the floating solar panel market in North America, Europe, Asia Pacific and rest of the world (ROW). Increased demand for floating solar panel is observed in countries prone to drought and countries with massive water bodies.
Regional Analysis The Asia Pacific region dominates the floating solar panels market, heading with the ample availability of water bodies, including large oceans and rivers. Skyrocketing demand for the energy, rapid depletion of non-renewable energy sources such as fossil fuels and scarcity of land are driving the demand for floating solar panels in the region. Furthermore, government initiatives to promote utilization of renewable energy, rapid growth in the utility sector, and the presence of flourishing solar panel manufacturing units are some of the other factors impacting the growth of the regional market. The floating solar panels market in North America is another lucrative market globally. Large advances in technology related to harvesting energy from renewable resources to meet the increasing energy demand are fueling the growth of the floating solar panels market in the region. The Europe floating solar panels market is predominantly driven by the government emphasis on renewable energy sources for energy generation and rising environmental awareness.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Competitive Landscape GEITS, Wuxi Suntech Power Co., Ltd., Yingli Solar, SPG Solar, Ciel & Terre, Kyocera Corporation, Japan Mega Solar Power Co., Suntech Power Holdings Co., Ltd., Solaris Synergy, Trina Solar Limited, and Sharp Corporation are the key companies operating in the floating solar panel market.
Industry Updates: April 10, An agreement has been signed between The Power, Energy and Business Development Ministry and Canadian Commercial Corporation at the Presidential Secretariat to set up a 100-megawatt floating solar power plant in the Maduru Oya reservoir, Sri Lanka.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools.
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Copyright Š 2017 Market Research Future.