According to the recent research report titled ‘Global Floating Solar Market Analysis, 2020’, available with Market Study Report, global floating solar market is expected to expand at 45% CAGR over 2021-2026.
 

As per the report, rising investments, increasing government initiatives towards renewable energy generation, coupled with surging product demand across countries susceptible to droughts and have enormous water bodies are primarily driving global floating solar market growth.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3583532/
 

Moreover, shifting preferences from fossil fuels to solar power generation, along with mounting expenditure in research & development by leading firms, and escalating smart city projects are enhancing the overall market outlook.
 

For those unaware, floating solar refers to floating photovoltaic (FPV), a sort of solar array that floats on top of a waterbody.
 

With respect to type, stationary segment held major portion of global floating solar market share in 2019, owing to affordability of stationary floating solar as they rarely require restructuring. Also, stationary panel has minimal impact on natural water currents.
 

Based on technology, worldwide floating solar market is divided into concentrated solar power, and photovoltaic. As per location, the industry is classified into offshore, and onshore. While various capacity ranges are above 5MW, 1-5MW, and 0.1-1MW. Insights pertaining to industry share held by each segment, and their benefaction towards the overall growth are provided in the report.
 

From regional perspective, key contributors to worldwide floating solar industry remuneration are South America (Argentina, Brazil), North America (Mexico, Canada, United States), Europe (Italy, Spain, France, Germany, United Kingdom), Asia Pacific (Australia, South Korea, India, Japan, China), and Middle East & Africa (South Africa, UAE, Saudi Arabia).
 

Major firms profiled in global floating solar market report are Swimsol GmbH, Tata Power Solar System Ltd., Sharp Corporation, Quant Solar, Ocean Sun AS, JA Solar Technology Co. Ltd., Yingli Solar (Yingli Green Energy Holding Co. Ltd.), SPI Energy Co. Ltd., Pristine Sun LLC, Novaton AG, Kyocera Corporation, Ciel & Terre International, Vikram Solar Energy Company, Sunengy Pty Ltd., and Solaris Synergy.