The global demand for Solar Pontoon Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX K Units in 2021 and forecast to touch XX K Units by 2028 with a CAGR of XX% during 2022-2028.
Floating PV module installation has increased during the last two years. Pontoons are used to install PV modules. Solar pontoons have a higher level of energy efficiency than land-based solar PV facilities. This can be attributed to the cooling process found in floating PVs due to the water beneath them. Additionally, these solar pontoon systems reduce evaporation, which aids in reducing algae levels in bodies of water.
In the near future, the solar pontoon market is expected to be driven by an increase in the use of renewable energy such as solar, wind, and hydro. Several businesses are investing in renewable energy sources. This is expected to increase demand for solar pontoons. As a result, an increase in renewable energy utilisation is likely to drive the global solar pontoon market throughout the research period. The implementation of stringent government laws to minimise carbon emissions into the atmosphere is a primary driver of the solar pontoon market. Favorable government incentive programmes to encourage the installation of solar pontoon systems are also propelling the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of solar pontoon. The growth and trends of Solar Pontoon Industry provide a holistic approach to this study.
This section of the solar pontoon market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By System Type
- Cable Floating Solution
- Anchoring System
This section covers the regional outlook, which accentuates current and future demand for the Solar Pontoon market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Solar Pontoon Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the solar pontoon market include SUNGROW, SUMITOMO MITSUI CONSTRUCTION CO., LTD, Mibet Energy, SCG Chemicals Co., Ltd., Zhongshan Jintin Plastic & Hardware Products Co., Ltd., Vari Pontoons Pvt. Ltd., Zhejiang Hisea Plastic Co.,Ltd, Adtech Systems, Vikram Solar, REC Solar Holdings AS. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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