Floating Solar Panels - Reducing the dependence on Fossil Fuels and Ability to Mitigate Land Cost

The Global Floating Solar Panels Market size was estimated at USD 13.8 million in 2015 and is expected to reach USD 2.70 Billion by 2025, according to a new report by Grand View Research, Inc.

As compared to regular solar plants, floating solar panels are easier to install and do not consume much time owing to the absence of a lengthy process of land acquisition. In addition, floating solar plants are efficient than the regular solar plants as the solar panels installed on the roofs and on buildings are prone to dust & pollution and shadow effect during sunrise and sunset. However, floating solar panels can be installed in the center of large water bodies where the pollution is minimal, and shadow effect is nearly absent. The stationery floating solar panels is expected to grow exponentially owing to the low cost of the installation coupled with high efficiency. In addition, high durability of stationery floating solar panels coupled with low maintenance cost is expected to bolster the industry growth, which in turn is expected to have a positive impact on the overall growth.

Key players in the industry include Kyocera Corporation, Trina Solar, Sharp Corporation and Yingli Solar. Ciel & Terre is expected to be the largest installer of floating panels across the globe. The company accounts for over 50% of the overall floating panels installations.

Get Exclusive PDF Brochure Here: Floating Solar Panels Market

Did you enjoy this episode? If so, please leave a short review. Connect with us on Twitter- @GrandViewInc