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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

Global Floating Solar Panels Market to Reach 18.6 Thousand MW by 2030

The global market for Floating Solar Panels estimated at 3.2 Thousand MW in the year 2023, is projected to reach 18.6 Thousand MW by 2030, growing at a CAGR of 24.7% over the analysis period 2023-2030.

Stationary Floating Solar Panels, one of the segments analyzed in the report, is projected to record 25.2% CAGR and reach 15.8 Thousand MW by the end of the analysis period. Growth in the Tracking Floating Solar Panels segment is estimated at 22.5% CAGR for the next 8-year period.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

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 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