Floating Solar Panels Market
Floating Solar Panels Market Global Industry Assessment & Forecast
#
Pages:
136
2021
Nov - 2021
VMR-2021-0846
Segments Covered
By
Product Photovoltaic, Concentrated Solar Power (CSP) & Concentrator Photovoltaics (CPV)
-
By
Application Residential, Commercial, Other
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
647.51 Million |
 Revenue 2028:
|
3002.94 Million |
 Revenue CAGR
(2021 - 2028): |
21.14 |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Floating Solar Panels Market - Global Market Assessment, 2021 - 2028
We at Vantage Market Research, employ comprehensive methodology for each market study, and Floating Solar Panels Market is not an exception. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. We were connected with more than 145 primary respondents adequately distributed across the five regions to procure required Floating Solar Panels market-related information.
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements
Data Triangulation and Market Size Estimations
At the later stage and after procuring data from secondary and primary research, top-down and bottom-up approaches are used to validate and estimate the market size of the Floating Solar Panels market. After the determination of the overall market size, the market is divided into various segments and sub-segments. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and also considering key market trends from supply as well as the demand side of the market.
FAQ
Frequently Asked Question
What is the global demand for Floating Solar Panels in terms of revenue?
-
The global Floating Solar Panels valued at 647.51 Million in 2020 and is expected to reach 3002.94 Million in 2028 growing at a CAGR of 21.14%.
Which are the prominent players in the market?
-
The prominent players in the market are Renesola, Solarworld, Sharp, Yingli Solar, Canadian Solar, Kyocera, LDK Solar, Gintech, Panasonic/Sanyo, Motech, Suntech, SunPower, Hanwha Solar One, JA Solar, GCL Poly, REC Solar..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 21.14% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Floating Solar Panels include
- The increasing focus towards clean fuel power generation energy sources coupled with strict regulations to limit GHG emissions is anticipated to augment the growth of the global floating solar panels market over the forecast period.
- Additionally, the increased investments in renewable energy and rapid reduction in fossil fuel reserves has formed a need for the utilization of renewable sources of power generation is also expected to fuel the growth of the market in the near future.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Floating Solar Panels in 2020.
