Global Floating Solar Panels Market: Industry and Analysis and Forecast (2019-2027) maximizemarketresearch.com
Floating solar panel can be placed in industrial ponds such as water treatment plant and can be planted in the hydroelectric plants adding a land availability. Technological advancements have resulted into decline in panel cost and hence resulted into lower per unit cost of generation in the overall expenditure, promoting the use of solar technology for power generation. High cost of installation constrains the market. Installation of floating panels cannot be done in sea as the waves will prevent the angular position of sun and the wind speed will also affect the amount of electricity generation adding a shortcoming to market growth.
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