Floating Solar Panels Market to cross 2.5 GW by 2024

U.S. floating solar panels market share is expected to exceed US$250 million by 2024 propelled by federal government initiatives to encourage the deployment of clean energy technologies coupled with strong pipeline projects with high potential.

SELBYVILLE, Del., Feb. 26, 2018 /PRNewswire-iReach/ -- Floating Solar Panels Market share is estimated to surpass 2.5 GW by 2024, according to a new research report by Global Market Insights, Inc. On grid floating solar panels market volume could witness a significant growth of over 45% from 2016 to 2024. Development of large utility scale projects coupled with numerous financial incentives and tax benefits offered by the regulators will influence the global business size.

Measurers to reduce greenhouse gas emissions have seen a sincere effort from policy makers towards the adoption of sustainable energy. Government of China under its 13th five-year plan has set up a target to reduce the existing GHG emission level to 18% by 2020. Regulators of UK has also established numerous frameworks under the country's climate change act 2008. The country is targeting to curb the GHG emission level to 80% by 2050 from 1990 level.

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Availability of limited land space for the deployment of new PV systems will significantly drive the floating solar panels market share across the globe. Numerous countries have allowed the reservoir owner to collect rent and business tax from the plant operators. Feed in tariff schemes by several other countries will further enhance the industry landscape.

Tracking floating solar panels market size is predicted to exceed USD 250 million by 2024. Technological advancement coupled with declining solar component cost will positively influence the business growth.

U.S. floating solar panels market volume share is predicted to grow over 67 % by 2024. Federal government initiatives to encourage the deployment of clean energy technologies will further complement the industry outlook.

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For Europe, UK floating solar panels market share was valued over 1.12 MW in 2015. Synchronization of Queen Elizabeth II project over Walton-on-Thames has significantly driven the industry growth across the region.

China is predicted to reach over USD 140 million by 2024. Increasing investments towards the deployment of large scale PV projects will enhance the country's business landscape. Japan floating solar panels market is anticipated to exceed over 400 MW by 2024. Accessibility with limited resources will significant drive the demand across the country. In 2016 Kyocera Corp of Japan had successfully synchronized the world's largest floatovoltaics power plant having capacity of 14.5 MW.

Brazil floating solar panels market share is set to witness momentous growth of over 34% from 2016 to 2024. Government of Brazil is making significant investments to fully utilize the country's vast river beds which in turn will drive the industry size. In 2016 Brazil, has completed the grid synchronization of the region's largest floatavoltaic plant of capacity 10 MW.

Key industry player includes SPI Energy, Solaris Synergy, KYOCERA CORPORATION, Novaton AG, Ciel & Terre International, Pristine Sun, Yingli Solar, Vikram Solar and Sunengy

Browse key industry insights spread across 145 pages with 244 market data tables & 11 figures & charts from the report, "Floating Solar Panels Market Size, By Product (Tracking, Stationary), By Capacity (0.1-1 MW, 1-5 MW, ≥ 5 MW), By Connectivity (On Grid, Off Grid), Industry Analysis Report, Regional Outlook (U.S., UK, Italy, Netherlands, Japan, South Korea, China, India, Taiwan, Malaysia, Singapore, Australia, Brazil, Israel), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/floating-solar-panels-market

Chapter 5    Floating Solar Panels Market, By Capacity

5.1     Floating solar panels market share by capacity, 2015 & 2024

5.2     0.1 – 1 MW

5.2.1    0.1 – 1 MW floating solar panels market, 2013 – 2024

5.2.2    0.1 – 1 MW floating solar panels market volume, by region, 2013 – 2024

5.2.3    0.1 – 1 MW floating solar panels market revenue, by region, 2013 – 2024

5.3     1 – 5 MW

5.3.1    1 – 5 MW floating solar panels market, 2013 – 2024

5.3.2    1 – 5 MW floating solar panels market volume, by region, 2013 – 2024

5.3.3    1 – 5 MW floating solar panels market revenue, by region, 2013 – 2024

5.4     ≥ 5 MW

5.4.1    5 MW & above floating solar panels market, 2013 – 2024

5.4.2    5 MW & above floating solar panels market volume, by region, 2013 – 2024

5.4.3    5 MW & above floating solar panels market revenue, by region, 2013 – 2024

Browse Full TOC @ https://www.gminsights.com/toc/detail/floating-solar-panels-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Media Contact: Arun Hegde, Global Market Insights, Inc., +13028467766, sales@gminsights.com

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SOURCE Global Market Insights, Inc.



2018

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