Floating Solar Panel Trends and Forecast
The future of the global floating solar panel market looks promising with opportunities in the tracking and stationary markets. The global floating solar panel market is expected to reach an estimated $3.7 billion by 2030 with a CAGR of 16.0% from 2024 to 2030. The major drivers for this market are high demand for clean fuel power generation energy sources, rising focus towards reduction of water pollution, and increased government incentives and policies.A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Floating Solar Panel by Segment
The study includes a forecast for the global floating solar panel by location, product, and region.Floating Solar Panel Market by Location [Shipment Analysis by Value from 2018 to 2030]:
- Onshore
- Offshore
Floating Solar Panel Market by Product [Shipment Analysis by Value from 2018 to 2030]:
- Tracking
- Stationary
Floating Solar Panel Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Floating Solar Panel Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies floating solar panel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the floating solar panel companies profiled in this report include-- Midea
- Sharp Corporation
- Samsung
- Hitachi
- Panasonic
- Mitsubishi Electri
- Lennox International
Floating Solar Panel Market Insights
The publisher forecasts that onshore solar panel will remain the larger segment over the forecast period as it is easier to install and maintain and it possess the ability to reduce evaporation along with improving water quality.Within this market, stationary will remain the larger segment due to its easy deployment on a body of water like reservoir or a lake.
APAC will remain the largest over the forecast period due to increasing government plans to meet the growing electricity consumption with lesser damage to the environment.
Features of the Global Floating Solar Panel Market
- Market Size Estimates: Floating solar panel market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Floating solar panel market size by location, product, and region in terms of value ($B).
- Regional Analysis: Floating solar panel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different locations, products, and regions for the floating solar panel market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the floating solar panel market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the floating solar panel market size?Answer: The global floating solar panel market is expected to reach an estimated $3.7 billion by 2030.
Q2. What is the growth forecast for floating solar panel market?
Answer: The global floating solar panel market is expected to grow with a CAGR of 16.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the floating solar panel market?
Answer: The major drivers for this market are high demand for clean fuel power generation energy sources, rising focus towards reduction of water pollution, and increased government incentives and policies.
Q4. What are the major segments for floating solar panel market?
Answer: The future of the floating solar panel market looks promising with opportunities in the tracking and stationary markets.
Q5. Who are the key floating solar panel market companies?
Answer: Some of the key floating solar panel companies are as follows:
- Midea
- Sharp Corporation
- Samsung
- Hitachi
- Panasonic
- Mitsubishi Electri
- Lennox International
Answer: The publisher forecasts that onshore solar panel will remain the larger segment over the forecast period as it is easier to install and maintain and it possess the ability to reduce evaporation along with improving water quality.
Q7. In floating solar panel market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest over the forecast period due to increasing government plans to meet the growing electricity consumption with lesser damage to the environment.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the floating solar panel market by location (onshore and offshore), product (tracking and stationary), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Floating Solar Panel Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Midea
- Sharp Corporation
- Samsung
- Hitachi
- Panasonic
- Mitsubishi Electri
- Lennox International
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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