(MENAFN- America News Hour)In a recent published report, Kenneth Research has updated the market report for Floating Solar Panels Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Floating Solar Panels Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Floating Solar Panels Market is estimated to reach $1,186 million by 2024; growing at a CAGR of 64.7% from 2016 to 2024. The continual depletion of fossil fuels, increasing demand for energy, and electricity crisis in several regions have led the focus to renewable energy sources. A floating solar panel is an arrangement of photovoltaic panels that floats on water bodies. This new concept is a combination of PV plant technology and floating technology. Moreover, it will be also a revolutionary step to solve the perennial problem of land. These panels increase the effort to reduce greenhouse gases, as they are considered as clean energy and efficient source of electricity.
The global floating solar panels market is driven by factors such as shortage of land, growing initiatives of mega projects by government, falling cost of panels, and its high production capacity. Though, high initial cost would hamper the growth of the market. Besides, increasing research and development need for high stability photovoltaic devices, and untapped markets would provide opportunities for the market in years to come.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The global floating solar panels market is bifurcated as product type, location, and geography. Product type is segmented into solar-tracking floating solar panels, and stationary floating solar panels. Location is categorized as on-shore floating solar panels, and off-shore floating solar panels.
Based on geography, floating solar panels market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consists of UK, Germany, France, Italy, and rest of Europe. Asia-Pacific is segmented into China, Japan, India, Australia, and rest of Asia-Pacific, while RoW is bifurcated into South America, Middle East, and Africa.
The key market players include Sharp Corporation, Kyocera Corporation, SPG Solar, Inc., Yingli Solar, Trina Solar Limited, Novaton AG, Pristine Sun LLC, Ciel Et Terre International, SPI Energy Co., Ltd., and Wuxi Suntech Power Co., Ltd., among others.
The key takeaways from the report:
The report will provide detailed analysis of Global Floating Solar Panels Market with respect to major segments such as product type, location, and geography
The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Floating Solar Panels Market will be included in the report
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Profile of the key players in the Global Floating Solar Panels Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Floating Solar Panels Market:
Product Type Segments
Solar-Tracking Floating Solar Panels
Stationary Floating Solar Panels
Location Segments
On-Shore Floating Solar Panels
Off-Shore Floating Solar Panels
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
Table of Contents
Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company's Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities
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