The future of the global floating solar panel market looks promising with opportunities in the tracking and stationary markets. The global floating solar panel market is expected to reach an estimated $3.7 billion by 2030 with a CAGR of 16% from 2024 to 2030. The major drivers for this market are high demand for clean fuel power generation energy sources, rising focus towards reduction of water pollution, and increased government incentives and policies.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the floating solar panel
market by location (onshore and offshore), product (tracking and stationary),
and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will
grow at a faster pace and why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the
emerging trends in this market and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, onshore
and offshore are the major segments of floating solar panel market by location.
Lucintel forecasts that onshore solar panel will remain the larger segment over
the forecast period as it is easier to install and maintain and it possess the
ability to reduce evaporation along with improving water quality.Within this
market, stationary will remain the larger segment due to its easy deployment on
a body of water like reservoir or a lake.
APAC will remain the
largest over the forecast period due to increasing government plans to meet the
growing electricity consumption with lesser damage to the environment.
Midea, Sharp
Corporation, Samsung, Hitachi, Panasonic, Mitsubishi Electri, and Lennox
International are the major suppliers in the floating solar panel market.
About
Lucintel
Lucintel, the premier global management
consulting and market research firm, creates winning strategies for growth. It
offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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