Market Research Report
Floating solar panels generation requires implementation of photovoltaic technologies over water bodies. Global floating solar panels market is expected to grow at a CAGR of 35% to 40% from 2019 to 2024. The primary reason for this growth is attributed to its increasing deployment in the U.S., Canada, France, and Germany, and Japan. The market is segmented based on product, location, and geography.
Global solar pump market is segmented on the basis of, types of pump, power rating of pumps, application and by region/country. On the basis of Power Rating, they are segmented into Upto 3HP, 3.1 HP – 10 HP and Above 10 HP. By Type of solar pump, the market is segmented as DC surface suction solar pumps, AC submersible solar pumps, DC submersible solar pumps and AC floating solar pumps. Further the market is segmented on the basis of End Use such as agriculture, water management and others.
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