Global Floating Solar Panels Market – Increasing Investments in Renewable Energy to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–#Power–The latest market research report by Technavio
on the global
floating solar panels market predicts a CAGR of over 31%
during the period 2018-2022.

The report segments the global floating solar panels market products
such as tracking floating solar panels and stationary floating solar
panels. The report also provides an analysis of the market based on the
geographic regions such as the Americas, APAC, and EMEA. It provides a
detailed illustration of the major factors influencing the market,
including drivers, opportunities, trends, and industry-specific
challenges.

Here are some key findings of the global floating solar panels
market, according to Technavio energy
researchers:

• Increasing investments in renewable energy: a major market driver
• In 2017, the stationary floating solar panels segment dominated the
  market by occupying over 89% share
• APAC dominated the global floating solar panels market with 86% share
  in 2017
• Ciel & Terre, KYOCERA, Solaris Synergy, Trina Solar, and Yingli Solar
  are the leading players in the market

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Increasing investments in renewable energy: a major market driver

Increasing investments in renewable energy is one of the major factors
driving the global floating
solar panels market. Advancing from fossil fuels to renewable
sources, such as wind and solar, is the key to achieving economic,
social, and environmental development.

According to a senior analyst at Technavio for power
research, “Global investments in 2016 for solar power were over USD
100 billion, which was lower than 2015. However, this can be attributed
to the low cost required to manufacture PV system components due to
technological advances that have resulted in the reduction of the
overall capital expenditure per MW of power generation.”

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Stationary floating solar panels segment to dominate the market

The stationary floating solar panels segment dominated the market in
2017, with a total market share of more than 89%. The tracking floating
solar panels segment is expected to grow over the forecast period to
reach more than 16% by 2022.

APAC: largest floating solar panels market

Technavio researchers anticipate high growth for the global floating
solar panels market in the APAC, with a market share of
close to 86%. APAC was followed by the Americas with and EMEA. In 2022,
APAC is likely to continue dominating the market, with a share of close
to 52%, while Americas is expected to witness a substantial increase in
its share to reach 45%.

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floating solar panels market report free of cost

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