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Floating Solar Panels - Global Strategic Business Report

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    Report

  • 189 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5302788
The global market for Floating Solar Panels is estimated at 3.2 Thousand MW in 2023 and is projected to reach 18.6 Thousand MW by 2030, growing at a CAGR of 24.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Stationary Floating Solar Panels segment, which is expected to reach 15.8 Thousand MW by 2030 with a CAGR of 25.2%. The Tracking Floating Solar Panels segment is also set to grow at 22.5% CAGR over the next 8 years.

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

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Floating Solar Panels - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Floating Photovoltaic (FPV) Systems: A Prelude
  • An Introduction to Floating Solar Panels
  • History and the Future
  • Floating PVs: More Advantages over Land-Based Systems
  • Global Market Prospects & Outlook
  • Analysis by Type
  • Regional Analysis
  • Asia: The Juggernaut
  • Japan: The Leader in Floating Solar Power Generation
  • China Launches the World’s Biggest Floating Solar Plant
  • India Commissions the Country’s Largest Floating Solar Power Plant
  • Thailand’s ‘Largest’ Project is Up and Running
  • The US Solar Power Industry Looking Up To FPVs
  • Competitive Scenario
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Floating Solar Panels Technology: Highly Efficient than Land Based Solar Plants
  • Environmental Concerns and Floating Solar
  • Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries
  • Global CO2 Emissions: Percentage Breakdown of Volume Emissions by Fuel Type (2015, 2020, 2040 & 2050)
  • Significance of Floating Solar Power Plants in Cooling Down Lakes in the face of Climate Change
  • Floating Solar Panels and the Use of Reservoirs and Manmade Water Bodies
  • Floating Solar System Plays Pivotal Role in Cleaning Water
  • Offshore Floating Solar: A Potential Solar Energy Generation Medium in High Seas
  • Growing Focus on Renewable Energy: A Strong Growth Driver
  • Government Boost to Solar Energy Adoption to Spur Market Momentum
  • Leading Countries with Renewable Energy as % of Total Energy
  • Targets for Electricity Production from Renewable Energy Sources in Select Countries
  • Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030
  • Robust Demand for Electricity Closer to the Point of Consumption Drives Proliferation of FPVs
  • Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
  • Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
  • Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
  • Microgrids and Distributed Generation Transform Electricity Management Forever
  • Distributed Generation Complemented with FPVs: Futuristic Enabler of Smart Cities
  • Number of Smart Cities Worldwide by Geographic Region (2025E)
  • Favorable Demographic and Urbanization Trends Strengthens Market Prospects
  • World Population by Geographic Region (2000-2050) (in Millions)
  • Rapid Urbanization: A Mega Growth Driver for Floating Solar Panels
  • World Population Urbanization Rate (%) by Region/Country: 2016 & 2040
  • Challenges and Issues
  • Challenges Faced by Designers of Floating Solar Panels
  • Installation of Floating PVs versus Other Photovoltaic Systems
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Floating Solar Panels by Geographic Region - USA, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Demand in MW for Years 2023 through 2030 and % CAGR
  • Table 2: World 10-Year Perspective for Floating Solar Panels by Geographic Region - Percentage Breakdown of Volume Demand for USA, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020, 2024 & 2030
  • Table 3: World Recent Past, Current & Future Analysis for Stationary by Geographic Region - USA, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Demand in MW for Years 2023 through 2030 and % CAGR
  • Table 4: World 10-Year Perspective for Stationary by Geographic Region - Percentage Breakdown of Volume Demand for USA, China, Europe, Asia-Pacific and Rest of World for Years 2020, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Tracking by Geographic Region - USA, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Demand in MW for Years 2023 through 2030 and % CAGR
  • Table 6: World 10-Year Perspective for Tracking by Geographic Region - Percentage Breakdown of Volume Demand for USA, China, Europe, Asia-Pacific and Rest of World for Years 2020, 2024 & 2030
  • Table 7: World Floating Solar Panels Market Analysis of Annual Sales in MW for Years 2020 through 2030
  • Table 8: World Historic Review for Floating Solar Panels by Geographic Region - USA, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Demand in MW for Years 2020 through 2022 and % CAGR
  • Table 9: World Historic Review for Stationary by Geographic Region - USA, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Demand in MW for Years 2020 through 2022 and % CAGR
  • Table 10: World Historic Review for Tracking by Geographic Region - USA, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Demand in MW for Years 2020 through 2022 and % CAGR
III. MARKET ANALYSIS
UNITED STATES
  • Floating Solar Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Table 11: USA Recent Past, Current & Future Analysis for Floating Solar Panels by Type - Stationary and Tracking - Independent Analysis of Annual Demand in MW for the Years 2023 through 2030 and % CAGR
  • Table 12: USA 10-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2020, 2024 & 2030
  • Table 13: USA Historic Review for Floating Solar Panels by Type - Stationary and Tracking Markets - Independent Analysis of Annual Demand in MW for Years 2020 through 2022 and % CAGR
CHINA
  • Floating Solar Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Table 14: China Recent Past, Current & Future Analysis for Floating Solar Panels by Type - Stationary and Tracking - Independent Analysis of Annual Demand in MW for the Years 2023 through 2030 and % CAGR
  • Table 15: China 10-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2020, 2024 & 2030
  • Table 16: China Historic Review for Floating Solar Panels by Type - Stationary and Tracking Markets - Independent Analysis of Annual Demand in MW for Years 2020 through 2022 and % CAGR
EUROPE
  • Floating Solar Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Table 17: Europe Recent Past, Current & Future Analysis for Floating Solar Panels by Geographic Region - Netherlands and Rest of Europe Markets - Independent Analysis of Annual Demand in MW for Years 2023 through 2030 and % CAGR
  • Table 18: Europe 10-Year Perspective for Floating Solar Panels by Geographic Region - Percentage Breakdown of Volume Demand for Netherlands and Rest of Europe Markets for Years 2020, 2024 & 2030
  • Table 19: Europe Recent Past, Current & Future Analysis for Floating Solar Panels by Type - Stationary and Tracking - Independent Analysis of Annual Demand in MW for the Years 2023 through 2030 and % CAGR
  • Table 20: Europe 10-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2020, 2024 & 2030
  • Table 21: Europe Historic Review for Floating Solar Panels by Geographic Region - Netherlands and Rest of Europe Markets - Independent Analysis of Annual Demand in MW for Years 2020 through 2022 and % CAGR
  • Table 22: Europe Historic Review for Floating Solar Panels by Type - Stationary and Tracking Markets - Independent Analysis of Annual Demand in MW for Years 2020 through 2022 and % CAGR
NETHERLANDS
  • Table 23: Netherlands Recent Past, Current & Future Analysis for Floating Solar Panels by Type - Stationary and Tracking - Independent Analysis of Annual Demand in MW for the Years 2023 through 2030 and % CAGR
  • Table 24: Netherlands 10-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2020, 2024 & 2030
  • Table 25: Netherlands Historic Review for Floating Solar Panels by Type - Stationary and Tracking Markets - Independent Analysis of Annual Demand in MW for Years 2020 through 2022 and % CAGR
REST OF EUROPE
  • Table 26: Rest of Europe Recent Past, Current & Future Analysis for Floating Solar Panels by Type - Stationary and Tracking - Independent Analysis of Annual Demand in MW for the Years 2023 through 2030 and % CAGR
  • Table 27: Rest of Europe 10-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2020, 2024 & 2030
  • Table 28: Rest of Europe Historic Review for Floating Solar Panels by Type - Stationary and Tracking Markets - Independent Analysis of Annual Demand in MW for Years 2020 through 2022 and % CAGR
ASIA-PACIFIC
  • Floating Solar Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Table 29: Asia-Pacific Recent Past, Current & Future Analysis for Floating Solar Panels by Geographic Region - India, South Korea, Taiwan and Rest of Asia-Pacific Markets - Independent Analysis of Annual Demand in MW for Years 2023 through 2030 and % CAGR
  • Table 30: Asia-Pacific 10-Year Perspective for Floating Solar Panels by Geographic Region - Percentage Breakdown of Volume Demand for India, South Korea, Taiwan and Rest of Asia-Pacific Markets for Years 2020, 2024 & 2030
  • Table 31: Asia-Pacific Recent Past, Current & Future Analysis for Floating Solar Panels by Type - Stationary and Tracking - Independent Analysis of Annual Demand in MW for the Years 2023 through 2030 and % CAGR
  • Table 32: Asia-Pacific 10-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2020, 2024 & 2030
  • Table 33: Asia-Pacific Historic Review for Floating Solar Panels by Geographic Region - India, South Korea, Taiwan and Rest of Asia-Pacific Markets - Independent Analysis of Annual Demand in MW for Years 2020 through 2022 and % CAGR
  • Table 34: Asia-Pacific Historic Review for Floating Solar Panels by Type - Stationary and Tracking Markets - Independent Analysis of Annual Demand in MW for Years 2020 through 2022 and % CAGR
INDIA
  • Floating Solar Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
  • Table 35: India Recent Past, Current & Future Analysis for Floating Solar Panels by Type - Stationary and Tracking - Independent Analysis of Annual Demand in MW for the Years 2023 through 2030 and % CAGR
  • Table 36: India 10-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2020, 2024 & 2030
  • Table 37: India Historic Review for Floating Solar Panels by Type - Stationary and Tracking Markets - Independent Analysis of Annual Demand in MW for Years 2020 through 2022 and % CAGR
SOUTH KOREA
  • Table 38: South Korea Recent Past, Current & Future Analysis for Floating Solar Panels by Type - Stationary and Tracking - Independent Analysis of Annual Demand in MW for the Years 2023 through 2030 and % CAGR
  • Table 39: South Korea 10-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2020, 2024 & 2030
  • Table 40: South Korea Historic Review for Floating Solar Panels by Type - Stationary and Tracking Markets - Independent Analysis of Annual Demand in MW for Years 2020 through 2022 and % CAGR
TAIWAN
  • Table 41: Taiwan Recent Past, Current & Future Analysis for Floating Solar Panels by Type - Stationary and Tracking - Independent Analysis of Annual Demand in MW for the Years 2023 through 2030 and % CAGR
  • Table 42: Taiwan 10-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2020, 2024 & 2030
  • Table 43: Taiwan Historic Review for Floating Solar Panels by Type - Stationary and Tracking Markets - Independent Analysis of Annual Demand in MW for Years 2020 through 2022 and % CAGR
REST OF ASIA-PACIFIC
  • Table 44: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Floating Solar Panels by Type - Stationary and Tracking - Independent Analysis of Annual Demand in MW for the Years 2023 through 2030 and % CAGR
  • Table 45: Rest of Asia-Pacific 10-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2020, 2024 & 2030
  • Table 46: Rest of Asia-Pacific Historic Review for Floating Solar Panels by Type - Stationary and Tracking Markets - Independent Analysis of Annual Demand in MW for Years 2020 through 2022 and % CAGR
REST OF WORLD
  • Table 47: Rest of World Recent Past, Current & Future Analysis for Floating Solar Panels by Type - Stationary and Tracking - Independent Analysis of Annual Demand in MW for the Years 2023 through 2030 and % CAGR
  • Table 48: Rest of World 10-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2020, 2024 & 2030
  • Table 49: Rest of World Historic Review for Floating Solar Panels by Type - Stationary and Tracking Markets - Independent Analysis of Annual Demand in MW for Years 2020 through 2022 and % CAGR
IV. COMPETITION

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