Global floating solar panels market was valued over USD1015 million in 2019 and is anticipated to grow at a CAGR of more than 39% during the forecast period. The growth of the market is backed by increasing investments in renewable energy coupled with the technological advancements. Floating solar or FPV (Floating photovoltaic), refers to an array of solar panels on a structure that floats on a body of water, typically an artificial basin or a lake. Factors like growing energy crisis, high rate of carbon emissions, and rising concerns about environmental protection are stimulating the need for sustainable power generation, globally. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=4091 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/floating-solar-panels-market/4091.html Additionally, growing number of renewable energy pacts, especially focusing on solar projects, across the world, is supporting the increased installation of solar panels or PV modules, which, in turn, is driving the floating solar panels market. In terms of capacity, the global floating solar panels market is categorized into up to 1MW, 1MW-5MW and above 5MW. Of these, the above 5MW category occupied the largest share in the market and expected to lead the market during the forecast period as well on account of growing utility-scale investments towards the development of large-scale photovoltaic projects.