Global Floating Solar Panels Market is expected to reach USD 2.70 billion by 2025, according to a new report by Grand View Research, Inc. The technology is expected to witness significant growth over the forecast period owing to rising demand for reliable renewable power generation. Furthermore, the ability to mitigate land cost is expected to favour demand over the projected period.
The growing focus of various governments towards the use of renewable energy for power generation coupled as well as lower environmental pollution by reducing the dependence on fossil fuels is expected to have a positive impact over the projected period.
Declining panel cost leading to lower per unit cost of generation is a key factor promoting the use of solar technology for power generation. Furthermore, lack of availability of suitable land for installation coupled with its ability to lower the impact of evaporation is a key factor driving the market over the forecast period.
Access for full Detail of Report and TOC: http://www.grandviewresearch.com/industry-analysis/floating-solar-panels-market
Further key findings from the report suggest:
View all related reports from same category: http://www.grandviewresearch.com/industry/renewable-energy
Grand View Research has segmented the floating solar panels market on the basis of product and region:
Product Outlook (Installed Capacity, Kilowatt; Revenue, USD Million, 2014 – 2025)
Regional Outlook (Installed Capacity, Kilowatt; Revenue, USD Million, 2014 – 2025)
Browse Press Release of this Report@ http://www.grandviewresearch.com/press-release/global-floating-solar-panels-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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