all report title image

GLOBAL FLOATING SOLAR PANELS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Global Floating Solar Panels Market, By Product (Tracking Floating Solar Panels, Stationary Floating Solar Panels), By End User (Agriculturale, Commercial, Industrial, Residential, Government), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

  • Published In : Jan 2024
  • Code : CMI6568
  • Pages :130
  • Formats :
      Excel and PDF
  • Industry : Energy
Ingographics Image

A floating solar panel is a solar power generation system that floats on the surface of water sucas a lake, reservoir, quarry pond, or estuary. It helps generate solar power without consuming valuable land space and also offers a variety of environmental benefits. Continuously falling solar panel prices  and increasing awareness of renewable energy sources are driving the global adoption of floating solar panel systems.

This market is expected to grow significantly in the near future due to supportive regulatory framework and reduced energy costs for floating solar power systems. Floating solar panels are photovoltaic  panels that are mounted on floating structures in bodies of water, usually lakes or reservoirs. This new technology offers several important advantages over traditional ground-mounted solar panels.Installing solar panels on water saves valuable land  for other uses. Large bodies of water also act as natural heat sinks, helping the panels function efficiently as they cool.

Additionally, the reflective water surface reflects more sunlight to the bottom of the panel, improving performance by approximately 10%. As countries strive to meet renewable energy goals and combat climate change, floating solar energy is gaining interest as a promising complementary approach.

Market Dynamics:

The key drivers contributing to the growth of floating solar panels market are decline in solar module prices, growing focus on reduction of carbon footprint, technological advancements in floating technology, rise in water surface area suitable for floating solar installations, dual usage of water reservoirs, and government incentives and investments. However, higher installation costs as compared to ground mounted systems, lack of standard design methodologies and uncertainty related to performance are some challenges restraining the growth of this market. The development of innovative floating structures, use of lightweight and durable materials and increased investment in research & development is expected to create new revenue opportunities in the coming years.

Key features of the study:

  • This report provides in-depth analysis of the global floating solar panels market, and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market .
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players .
  • It profiles key players in the global floating solar panels market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies .
  • Key companies covered as a part of this study include Ciel & Terre International, Hanwha Group, JA SOLAR Technology Co. Ltd., KYOCERA Corp., LONGi Solar , Trina Solar, Vikram Solar Ltd., Wuxi Suntech Power Co., Ltd., Yellow Tropus Pvt. Ltd., and Yingli Solar.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics .
  • Global floating solar panels market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts .
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global floating solar panels market.

Detailed Segmentation:

Global Floating Solar Panels Market

  • By Product
    • Tracking Floating Solar Panels
    • Stationary Floating Solar Panels
  • By End Use
    • Agriculturale
    • Commercial
    • Industrial
    • Residential
    • Government
  • By Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East
    • Africa
  • Top Companies in the Global Floating Panel Market:
    • Ciel & Terre International
    • Hanwha Group
    • JA SOLAR Technology Co. Ltd.
    • KYOCERA Corp.
    • LONGi Solar
    • Trina Solar
    • Vikram Solar Ltd.
    • Wuxi Suntech Power Co., Ltd.
    • Yellow Tropus Pvt. Ltd.
    • Yingli Solar

Global Floating Solar Panels Market Segmentation:

  • By Product
    • Tracking Floating Solar Panels
    • Stationary Floating Solar Panels
  • By End Use
    • Agriculturale 
    • Commercial
    • Industrial
    • Residential
    • Government
  • By Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
  • Need a Custom Report?

    We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

    Customize Now
Logo

Credibility and Certifications

ESOMAR
DUNS Registered

860519526

Clutch
Credibility and Certification
Credibility and Certification

9001:2015

Credibility and Certification

27001:2022

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo
© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.