The global market for Floating Solar Panels is estimated at 3.2 Thousand MWs in 2023 and is projected to reach 18.6 Thousand MWs by 2030, growing at a CAGR of 28.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the floating solar panel market is driven by several factors, including the rising demand for renewable energy and the need to optimize land use. As global efforts to combat climate change intensify, there is a growing push for renewable energy sources that can be deployed quickly and efficiently. Floating solar panels offer a viable solution by utilizing existing water bodies, thus avoiding the land-use challenges associated with traditional solar farms. Technological advancements have made FPV systems more cost-effective and resilient, encouraging broader adoption. Additionally, government policies and incentives aimed at promoting clean energy are playing a crucial role in the expansion of the FPV market. The increasing recognition of the ancillary benefits of floating solar panels, such as reduced water evaporation and improved water quality, further drives their adoption. As more countries and companies invest in floating solar technology, the market is expected to continue its rapid growth, contributing significantly to the global renewable energy landscape.
The growth in the floating solar panel market is driven by several factors, including the rising demand for renewable energy and the need to optimize land use. As global efforts to combat climate change intensify, there is a growing push for renewable energy sources that can be deployed quickly and efficiently. Floating solar panels offer a viable solution by utilizing existing water bodies, thus avoiding the land-use challenges associated with traditional solar farms. Technological advancements have made FPV systems more cost-effective and resilient, encouraging broader adoption. Additionally, government policies and incentives aimed at promoting clean energy are playing a crucial role in the expansion of the FPV market. The increasing recognition of the ancillary benefits of floating solar panels, such as reduced water evaporation and improved water quality, further drives their adoption. As more countries and companies invest in floating solar technology, the market is expected to continue its rapid growth, contributing significantly to the global renewable energy landscape.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Stationary Floating Solar Panels segment, which is expected to reach 15.8 Thousand MWs by 2030 with a CAGR of a 29.3%. The Tracking Floating Solar Panels segment is also set to grow at 26.1% CAGR over the analysis period.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Floating Solar Panels Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Floating Solar Panels Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Floating Solar Panels Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Kyocera Corporation, Bharat Heavy Electricals Ltd., First Solar, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 43 Featured):
- Kyocera Corporation
- Bharat Heavy Electricals Ltd.
- First Solar, Inc.
- Jain Irrigation Systems Ltd.
- NTPC Ltd.
- Tata Group
- JA Solar Technology Co., Ltd.
- Sungrow Power Supply Co., Ltd.
- Ciel & Terre International
- Jakson Group
- LONGi Solar Technology Co., Ltd.
- GCL System Integration Technology Company Ltd.
- LA Solar Group
- Glint Solar
- Conrexx Technology
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CHINA
EUROPE
NETHERLANDS
REST OF EUROPE
ASIA-PACIFIC
INDIA
SOUTH KOREA
TAIWAN
REST OF ASIA-PACIFIC
REST OF WORLD
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Kyocera Corporation
- Bharat Heavy Electricals Ltd.
- First Solar, Inc.
- Jain Irrigation Systems Ltd.
- NTPC Ltd.
- Tata Group
- JA Solar Technology Co., Ltd.
- Sungrow Power Supply Co., Ltd.
- Ciel & Terre International
- Jakson Group
- LONGi Solar Technology Co., Ltd.
- GCL System Integration Technology Company Ltd.
- LA Solar Group
- Glint Solar
- Conrexx Technology
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 189 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value in 2023 | 3.2 Thousand MWs |
| Forecasted Market Value by 2030 | 18.6 Thousand MWs |
| Compound Annual Growth Rate | 28.7% |
| Regions Covered | Global |
