This report titled “Floating solar Panels Market - Growth, Future Prospects, and Competitive Analysis, 2020 - 2028” offers strategic insights into the trends in floating solar panels market along with the market size and forecast for the duration 2018 to 2028. The said research study incorporates in-depth analysis of multiple market segments based on product type, location and geographical distribution.
The global floating solar panels market is becoming increasingly competitive with growing number of startups entering into the market. In addition, several players are also focused on developing their niche in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America, MEA and Asia Pacific.
Based on product type, the global floating solar panels market is categorized into stationary floating solar panels and solar-tracking floating panels. In addition, floating solar panels manufacturing companies, distributors and academic organizations form the major client types for floating solar panels market. Market size (US$ Mn) and forecast for all the considered segmentation is presented in this report for the period 2018-2028 along with their respective CAGRs (%) for the forecast period 2020-2028.
In terms of geographical distribution, the global floating solar panels is studies for five major regions namely, North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Market size and forecast for each regional and country-level market are included in the report for the considered periods.
To further elucidate, the geographical distribution of the global floating solar panels market is performed as follows:
Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global floating solar panels market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in development, and provision floating solar panels.
Based on the product type, the global floating solar panels market is segmented as follows:
Solar photovoltaic (PV) panels are used as an eco-friendly and renewable source energy based power generation technology worldwide. Solar panels are installed on roof tops and free land, but due to high occupancy of space and unavailability of large free space lands was a major issue. However, these issues were resolved by introduction of floating solar panel technology.
On the basis of product type, floating solar panels market is segmented into stationary floating solar panels and solar-tracking floating panels. Between the two, stationary floating solar panels accounted for larger revenue share and is expected to retain its position in global floating solar panels market during the forecast period. Stationary floating solar panels have quite a lot of benefits over the solar tracking floating panels for instance, increased evaporation control and efficiency owing to cooling effect of water.
Based on the location, the global floating solar panels market is segmented as follows:
By location, in 2019, onshore floating accounted for largest market share of the global floating solar panels market in terms of revenue and projected to maintain its dominance over the forecast period. It is also projected to be the fastest growing segment. The segment is expected to witness high growth due to increased efficiency of solar PV coupled with associated advantage of floating solar PV to prevent evaporation loss of water. Furthermore, increasing investments by private and utilities investors towards the deployment of large scale photovoltaic projects across various ponds, dams and riverbeds will further complement the industry outlook.
For the purpose of this study, the global floating solar panels market is categorized into:
For the purpose of this study, the floating solar panels market is categorized into regional markets viz., North America, Europe, Asia Pacific and Latin America, and Middle East and Africa. In 2019, Asia Pacific was observed to be the largest market for floating solar panels. Asia Pacific is also anticipated to witness high growth in demand for floating solar panels. Growing investment in floating solar panels coupled with favorable regulatory support is expected to augment the growth of solar panels in Japan, China and India. Further, countries such as South Korea, Thailand, Malaysia, Australia and Maldives are projected to increase their investment in development of floating solar panel plants during the forecast period. Yamakura Dam project in Japan is expected to drive the demand for floating solar panels over the forecast period. In Europe, U.K. was estimated to be the largest country level market in 2019 and is also anticipated to witness high growth during the forecast period. Upcoming projects such as construction of Europe’s largest floating solar power farm with 23,000 solar panels on the Queen Elizabeth II reservoir at Walton-on-Thames is anticipated to drive the demand for floating solar panels in the region during the forecast period. North America, Latin America and Middle East & Africa are also projected to witness strong growth during the forecast period.
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The global floating solar panels market is becoming increasingly competitive with growing number of startups entering into the market. In addition, several players are also focused on developing their niche in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America, MEA and Asia Pacific.
Based on product type, the global floating solar panels market is categorized into stationary floating solar panels and solar-tracking floating panels. In addition, floating solar panels manufacturing companies, distributors and academic organizations form the major client types for floating solar panels market. Market size (US$ Mn) and forecast for all the considered segmentation is presented in this report for the period 2018-2028 along with their respective CAGRs (%) for the forecast period 2020-2028.
In terms of geographical distribution, the global floating solar panels is studies for five major regions namely, North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Market size and forecast for each regional and country-level market are included in the report for the considered periods.
To further elucidate, the geographical distribution of the global floating solar panels market is performed as follows:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- Rest of Asia-Pacific
- Rest of the World (Row)
- Latin America
- Middle East and Africa (MEA)
Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global floating solar panels market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in development, and provision floating solar panels.
Based on the product type, the global floating solar panels market is segmented as follows:
- Stationary Floating Solar Panel
- Tracking Floating Solar Panel
Solar photovoltaic (PV) panels are used as an eco-friendly and renewable source energy based power generation technology worldwide. Solar panels are installed on roof tops and free land, but due to high occupancy of space and unavailability of large free space lands was a major issue. However, these issues were resolved by introduction of floating solar panel technology.
On the basis of product type, floating solar panels market is segmented into stationary floating solar panels and solar-tracking floating panels. Between the two, stationary floating solar panels accounted for larger revenue share and is expected to retain its position in global floating solar panels market during the forecast period. Stationary floating solar panels have quite a lot of benefits over the solar tracking floating panels for instance, increased evaporation control and efficiency owing to cooling effect of water.
Based on the location, the global floating solar panels market is segmented as follows:
- Offshore Floating
- Onshore Floating
By location, in 2019, onshore floating accounted for largest market share of the global floating solar panels market in terms of revenue and projected to maintain its dominance over the forecast period. It is also projected to be the fastest growing segment. The segment is expected to witness high growth due to increased efficiency of solar PV coupled with associated advantage of floating solar PV to prevent evaporation loss of water. Furthermore, increasing investments by private and utilities investors towards the deployment of large scale photovoltaic projects across various ponds, dams and riverbeds will further complement the industry outlook.
For the purpose of this study, the global floating solar panels market is categorized into:
- North America
- Europe
- Asia Pacific
- Latin America (LATAM)
- Middle East and Africa (MEA)
For the purpose of this study, the floating solar panels market is categorized into regional markets viz., North America, Europe, Asia Pacific and Latin America, and Middle East and Africa. In 2019, Asia Pacific was observed to be the largest market for floating solar panels. Asia Pacific is also anticipated to witness high growth in demand for floating solar panels. Growing investment in floating solar panels coupled with favorable regulatory support is expected to augment the growth of solar panels in Japan, China and India. Further, countries such as South Korea, Thailand, Malaysia, Australia and Maldives are projected to increase their investment in development of floating solar panel plants during the forecast period. Yamakura Dam project in Japan is expected to drive the demand for floating solar panels over the forecast period. In Europe, U.K. was estimated to be the largest country level market in 2019 and is also anticipated to witness high growth during the forecast period. Upcoming projects such as construction of Europe’s largest floating solar power farm with 23,000 solar panels on the Queen Elizabeth II reservoir at Walton-on-Thames is anticipated to drive the demand for floating solar panels in the region during the forecast period. North America, Latin America and Middle East & Africa are also projected to witness strong growth during the forecast period.
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Table of Contents
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Floating Solar Panels Market Analysis
Chapter 4 Floating Solar Panels Market, By Product
Chapter 5 Floating Solar Panels Market, By Location
Chapter 6 Floating Solar Panels Market, by Geography
Chapter 7 Company Profiles
List of Figures
List of Tables
Companies Mentioned
- Ciel Et Terre International
- Solaris Synergy
- Sunengy Pty Ltd.
- KYOCERA Corporation
- Trina Solar Limited
- Sharp Corporation
- Yingli Solar
- Pristine Sun LLC
- SPG Solar
- SPI Energy Co. Ltd.
