The market for floating solar panels continues to witness widespread adoption as it helps to save water through decrease in evaporation and augments power generation owing to cooling effect of solar panels. Moreover, increase in awareness about floating solar panels & solar power generation is estimated to boost the floating solar panels market. These facts combined with other important data are assembled from the market research report, included in Market Research Hub’s (MRH) all-inclusive repository, titled, "Floating Solar Panels Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027." The market for floating solar panels is estimated to clock a CAGR of ~43% during the forecast period 2019 – 2027. Installation of floating solar panels requires high cost, which in turn jeopardizes the profitability of the system & brings in light problems related to project investment. This, in turn, may restrict the market growth of floating solar panels. Solar energy being a renewable source of energy is available in abundant quantity. Availability of government regulations and trained manpower are further helping in prompting investors’ confidence in the technology. On the basis of region, Asia Pacific accounts for the largest share in the floating solar panels market owing to the fact that the region is investing highly in renewable energy sources. However, floating solar panels market in rest of the globe is predicted to grow at a fast pace during the forecast period.
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Floating Solar Panels Market: Report’s Overview
Market research report provides thorough research of floating solar panels market for years between 2019 and 2027. All-important technologies & trends, which significantly impact floating solar panels market’s growth are assessed in the study. Segmental examination on floating solar panels market is offered to provide clients complete details of the past as well as upcoming avenues for floating solar panels market.
A detailed perspective on floating solar panels market’s growth, connected to volume & revenue is covered all over different regions, which is inclusive of South America, Middle East & Africa, Europe, Asia-Pacific, and North America. Significant aspects affecting floating solar panels market at global as well as regional level is also offered in the market research study. Nation-wide estimations are also covered for all the nations examined in the study.
Research report analyses competitive landscape of floating solar panels market, where key manufacturers backing the market’s growth is identified and mentioned. Detailing on key manufacturers comprises of a SWOT analysis, combined with key financials’ investigation, recent advancements, and company portfolio.
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Floating Solar Panels Market: Process of Research Methodology
The market research study is accumulated through a detailed and robust research process, which includes detailed primary and secondary researches. Secondary research sources comprises of external & internal regulatory databases, proprietary databases, national government documents, investor presentations, and financial reports.
Primary research includes detailed communications via email, telephonic & face-to-face interviews with prominent industry players, & opinion leaders. Furthermore, information & insights gathered via researches are confirmed by in-house expert group, to offer clients with authentic data on floating solar panels market.
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Asia Pacific to Spearhead the Floating Solar Panels Market for the Forecast Period 2019 – 2027
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