Floating Solar Panels Market: Global Market Size, Industry Share, Approaches and Forecast 2018-2026, Credence Research

According to a new market research report published by Credence Research “Floating Solar Panels  (Communication Systems, Surveillance Systems and Navigation Systems) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022” the global Floating Solar Panels market was valued at US$ 2,508.6 Mn in 2014 and is estimated to expand with a CAGR of 9.5% from 2015 to 2022.

Browse the full report (Floating Solar Panels  Market – Growth, Share, Opportunities & Competitive Analysis, 2015 -2022) at https://www.credenceresearch.com/sample-request/57845

Market Insights
Floating Solar Panels  are airborne stations that are placed at an altitude ranging more than 50,000 feet from the Earth’s surface. These platforms typically operate in stratosphere which is way higher than the altitudes at which commercial aircrafts fly. Prime purpose behind placing these platforms in high altitude category is availability of larger coverage areas coupled with suitable wind speeds available at this altitude. The platforms are equipped with different payloads depending upon the desired application. These systems are also referred to as cheaper alternatives to satellites.

Based upon the product types, the market is segmented into airships, tethered aerostat systems and unmanned aerial vehicles (UAVs). Currently, UAVs segment accounts for the largest share, in terms of revenue, of the global Floating Solar Panels  market. Nevertheless, due to their extremely high costs and relatively lesser flight hours, most of the countries worldwide are now moving towards airships and tethered aerostat systems. These platforms are capable of staying aloft for several days with minimal maintenance required. Also, these systems are capable of carrying payloads weighing up to 2.5 tons. Airships also offer provision of mobility which makes its suitable for covering larger coverage areas. Thus, in the coming years, airships and aerostat systems segments are expected to expand substantially in the global market.

Competitive Insights:
The global Floating Solar Panels market is quite fragmented in nature with very few companies operating across all the three segments viz. airships, aerostat systems and UAVs. Nevertheless, the markets for individual products are competitive in nature with most of the players focusing on the betterment of their product portfolios. Most of the Floating Solar Panels  companies are located in the U.S., Israel and China. These companies primarily focus on acquiring contracts from the U.S. and China defense sectors which are among the largest consumers of Floating Solar Panels  worldwide.

Key Trends:

  • Adoption of tethered aerostat systems for delivering wireless communication services
  • Development of high altitude UAVs with longer flight hours
  • Focus on acquiring international customers for Floating Solar Panels
  • Development of solar-powered Floating Solar Panels

Browse the full report (Floating Solar Panels  Market – Growth, Share, Opportunities & Competitive Analysis, 2015 -2022) at https://www.credenceresearch.com/sample-request/57845

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