Conceived to surmount land availability issues, floating solar panels have started to grab attention globally for solar companies and land speculators have gobbled up scarce land. Floating solar photovoltaic (PV) installations aim to solve the perennial problem of land. In addition, floating solar projects set up in the proximity of consumption centers or reservoirs of hydro-electric dams help utilize existing transmission infrastructure.
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These insights are according to the intelligence report, titled, "Floating Solar Panels Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2027," which has been freshly added to Market Research Reports Search Engine’s (MRRSE) overarching armamentarium.
The chances of adding floating solar capacity to existing hydropower has gained traction, preferably in the case of large hydropower sites that can be flexibly operated. The solar capacity has been used to propel the energy yield and manage periods of low water availability by leveraging the hydropower plant to function in peaking mode.
Of late, plants with capacity of tens and hundreds of megawatts have been installed in China with more conceptualization going on in India and Southeast Asia. While the first plant larger than 10 MWp was installed in 2016, the world witnessed the first several plants larger than 100 MWp in 2018—the largest being 150 MWp. With the introduction of new markets, annual new additions and cumulative installed floating solar capacity are growing robustly.
High upfront cost loom with floating solar panels which is mainly attributed to the existence of components such as pontoons, floats; submerged water cables and mooring systems. Besides, floats are a considerable cost component majorly due to soaring logistics cost linked with import and transportation.
Floating Solar Panels Market: Report Content
Quantitative and qualitative assessment exhort intelligence and overarching report on the floating solar panels market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the floating solar panels market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on floating solar panels.
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An insightful and deep-dive assessment of the competitive assessment of the floating solar panels market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the floating solar panels market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Floating Solar Panels Market: Research Methodology
Primary sources and secondary sources propel intelligence report on floating solar panels market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst. Report on floating solar panels market further acknowledges secondary sources—namely—Factiva, EC filing, press release, trade journals, resourceful database and governmental websites.
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Albeit High Upfront Cost, Floating Solar Panels Set to Solve the Perennial Problem of Land
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