New York – December 10, 2023- Research Nester’s recent market research analysis on “Solar Pontoon Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global solar pontoon market in terms of market segmentation by type, system type, location, and by region.

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Growing Struct Emission Regulations to Promote Global Market Share of Solar Pontoon
The global solar pontoon market is estimated to grow majorly on account of the increased strict emission regulations. Fuel-powered boats are gradually being replaced by electric and solar-powered boats due to government regulations limiting carbon emissions and rising environmental awareness. Boats that are conventional or traditional generate a lot of exhaust gasses, such as CO2, sulfur oxide, and nitrogen oxide. There has been more focus on lowering emissions from boats and ships because cargo ships are one of the major causes of pollution in seaports. Additionally, during the forecast period, the International Maritime Organization (IMO) and other organizations will likely enact a number of laws aimed at reducing emissions, which will encourage the use of electric and solar-powered boats.

Some of the major growth factors and challenges that are associated with the growth of the global solar pontoon market are:
Growth Drivers:
• Surge in Support by Government
• Rising Awareness about Climate Change
Challenges:
Obtaining permits and navigating complex regulations related to water usage, construction and electricity grid connection can be lengthy and cumbersome process. This can cause delays and increase project costs. are some of the major factors anticipated to hamper the global market size of Solar Pontoon.

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By type, the global solar pontoon market is segmented into plastic and non-plastic. The plastic segment is to garner a highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. Plastic solar pontoons are affordable, durable, and resistant to corrosion. These major advantages could result in an increased need for plastic pontoons based on solar PV during the forecast period. Moreover, the significant adoption of renewable energy can also be credited with the rise. When comparing the plastic solar pontoons to the conventional land-based solar installation, there are numerous benefits. Additionally, solar pontoons can be erected on bodies of water like reservoirs or lakes, freeing up land for other use.

By region, the North America solar pontoon market is to generate the substantial revenue by the end of 2036. Solar pontoons provide a clean, renewable energy source for a variety of uses, which companies and customers are increasingly looking for in sustainable solutions in the region. In addition, the need for renewable energy solutions is being driven by corporate sustainability initiatives and regulatory mandates. Furthermore, advances in technology have reduced the cost and increased the efficiency of solar panels, offering investors in solar pontoons an enticing payback period.

This report also provides the existing competitive scenario of some of the key players of the global solar pontoon market which includes company profiling of Vari Pontoons Pvt. Ltd. Zhejiang Hisea Plastic Co.,Ltd, Adtech Systems, Vikram Solar, REC Solar Holdings AS, and others.

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