Floating Solar Panels Market: Rise in Renewable Energy Investments to Drive Market in Asia Pacific

Published onAugust 21, 2019

The global floating solar panels market was valued at US$ 240.65 Mn in 2018 and is anticipated to expand at a CAGR of 43.02% from 2019 to 2027. In terms of type, stationary floating solar panels constituted more than 90% share of the global floating solar panels market in 2018. As far as limit, over 5 MW comprised over half portion of the worldwide floating solar panels market in 2018. In view of area and nation, Asia Pacific overwhelmed the worldwide floating solar panels market in 2018. China, Japan, South Korea, and India mutually comprised over 80% portion of the worldwide market in 2018. Yingli Solar and KYOCERA Corporation are the prevailing players offering solar panels for seaward floating solar power plants.

Source: https://newsregal.com/2019/08/19/floating-solar-panels-market-rise-in-renewable-energy-investments-to-drive-market-in-asia-pacific/