Product ID: UCMIG55F2035
Report ID:
UCMIG55F2035 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for floating solar panels was worth USD 30.16 million in 2021 and is expected to grow at a CAGR of 22.5% from 2022 to 2030. The market growth is attributed to the increasing demand for clean fuel power generation and the limited availability of land. Governments across the globe are establishing clean energy targets to control pollution levels, which is expected to further boost the market growth. The technical aspect of floating solar technology is anticipated to witness significant growth due to the rising demand for reliable renewable energy sources for power generation.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Renewable Electricity by segment aggregation, the contribution of the Renewable Electricity in Diversified Utilities Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG55F2035