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Floating Solar Panels - Global Market Trajectory & Analytics

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    Report

  • 189 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5302788

Global Floating Solar Panels Market to Reach 6000 MW by 2027

Amid the COVID-19 crisis, global market for Floating Solar Panels estimated at 785 MW in the year 2020 is projected to reach a revised size of 6000 MW by 2027, growing at a CAGR of 33.7% over the period 2020-2027. Stationary Panels, one of the segments analyzed in the report, is projected to record a 34.7% CAGR and reach more than 4000 MW by the end of the analysis period.

The Asia-Pacific Market is Estimated at 488 MW, While China is Forecast to Grow at more than 55% CAGRFloating Solar Panels market in Asia-Pacific is estimated at 488 MW in the year 2020 and is forecast to reach more than 3000 MW growing at a CAGR of more than 30% over the period. China is forecast to reach a projected market size of more than 1000 MW by the year 2027 trailing a CAGR of more than 55% over the period 2020-2027.

Select Competitors (Total 43 Featured)

  • Ciel & Terre international
  • GCL-SI
  • Hanwha Group.
  • JA SOLAR Technology Co.,Ltd.
  • JinkoSolar Holding Co., Ltd.
  • KYOCERA Corporation
  • LONGi Solar
  • Ocean Sun AS
  • QuantSolar
  • SUNGROW
  • Swimsol GmbH
  • Tata Power Solar Systems Ltd.
  • Topper Floating Solar PV Mounting Manufacturer Co. Ltd.
  • Trina Solar
  • Vikram Solar Limited

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?
  • Progress on Vaccinations: Why Should Businesses Care?
  • With IMF's Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback Despite a Continuing Pandemic
  • A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2019, 2020, 2021, and 2022
  • How the Clean Technologies Industry is Impacted by the Pandemic & What's the New Normal?
  • Global Clean Technologies Market Reset & Trajectory - Growth Outlook (In %) for Years 2019 through 2025
  • A Green Recovery is On the Agenda for Most Countries Worldwide: The New Normal in Global Clean Technologies Market by Major Geographies Analyzed by Annual % Growth for Years 2019 through 2025
  • COVID-19 Sharpens the Focus on the Environment
  • What's In-Store for Renewable Resources?
  • Recommendations for the Power & Energy Sector in the Post-Pandemic Era
  • Floating Solar Panels - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (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
  • World Floating Solar Panels Market by Type (2021 & 2027): Percentage Breakdown of Demand for Stationary, and Tracking
  • Regional Analysis
  • World Floating Solar Panels Market - Geographic Regions Ranked by CAGR (Volume) for 2020-2027: China, Asia-Pacific, Europe, USA, and Rest of World
  • 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
  • Global Investments (US$ Billion) in Renewable Energy by Source: 2018
  • 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
  • Global Distributed Generation Capacity in Microgrids by Type (2021): Percentage Breakdown of Capacity Installations for Diesel Generators, Fuel cells, Natural Gas Generators, Small Wind Turbines, Solar PV Systems, and Others
  • 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 2020 through 2027 and % CAGR
  • Table 2: World 7-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 2021 & 2027
  • 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 2020 through 2027 and % CAGR
  • Table 4: World 7-Year Perspective for Stationary by Geographic Region - Percentage Breakdown of Volume Demand for USA, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
  • 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 2020 through 2027 and % CAGR
  • Table 6: World 7-Year Perspective for Tracking by Geographic Region - Percentage Breakdown of Volume Demand for USA, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Floating Solar Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Table 7: 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 2020 through 2027 and % CAGR
  • Table 8: USA 7-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2021 & 2027
CHINA
  • Floating Solar Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Table 9: 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 2020 through 2027 and % CAGR
  • Table 10: China 7-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2021 & 2027
EUROPE
  • Floating Solar Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Table 11: 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 2020 through 2027 and % CAGR
  • Table 12: Europe 7-Year Perspective for Floating Solar Panels by Geographic Region - Percentage Breakdown of Volume Demand for Netherlands and Rest of Europe Markets for Years 2021 & 2027
  • Table 13: 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 2020 through 2027 and % CAGR
  • Table 14: Europe 7-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2021 & 2027
NETHERLANDS
  • Table 15: 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 2020 through 2027 and % CAGR
  • Table 16: Netherlands 7-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2021 & 2027
REST OF EUROPE
  • Table 17: 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 2020 through 2027 and % CAGR
  • Table 18: Rest of Europe 7-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2021 & 2027
ASIA-PACIFIC
  • Floating Solar Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Table 19: 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 2020 through 2027 and % CAGR
  • Table 20: Asia-Pacific 7-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 2021 & 2027
  • Table 21: 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 2020 through 2027 and % CAGR
  • Table 22: Asia-Pacific 7-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2021 & 2027
INDIA
  • Floating Solar Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Table 23: 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 2020 through 2027 and % CAGR
  • Table 24: India 7-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2021 & 2027
SOUTH KOREA
  • Table 25: 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 2020 through 2027 and % CAGR
  • Table 26: South Korea 7-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2021 & 2027
TAIWAN
  • Table 27: 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 2020 through 2027 and % CAGR
  • Table 28: Taiwan 7-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2021 & 2027
REST OF ASIA-PACIFIC
  • Table 29: 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 2020 through 2027 and % CAGR
  • Table 30: Rest of Asia-Pacific 7-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2021 & 2027
REST OF WORLD
  • Table 31: 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 2020 through 2027 and % CAGR
  • Table 32: Rest of World 7-Year Perspective for Floating Solar Panels by Type - Percentage Breakdown of Volume Demand for Stationary and Tracking for the Years 2021 & 2027
IV. COMPETITION
  • Total Companies Profiled: 43

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Ciel & Terre international
  • GCL-SI
  • Hanwha Group.
  • JA SOLAR Technology Co.,Ltd.
  • JinkoSolar Holding Co., Ltd.
  • KYOCERA Corporation
  • LONGi Solar
  • Ocean Sun AS
  • QuantSolar
  • SUNGROW
  • Swimsol GmbH
  • Tata Power Solar Systems Ltd.
  • Topper Floating Solar PV Mounting Manufacturer Co. Ltd.
  • Trina Solar
  • Vikram Solar Limited