Floating Solar Panels Market by Product (Stationary Floating Solar Panels, Tracking Floating Solar Panels), Component (Cabling, Combine Box, Floaters), Capacity, Deployment, Implementation - Global Forecast 2023-2030
The Floating Solar Panels Market size was estimated at USD 220.47 million in 2022 and expected to reach USD 248.65 million in 2023, at a CAGR 13.22% to reach USD 595.55 million by 2030.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Floating Solar Panels Market.
- Based on Product, market is studied across Stationary Floating Solar Panels and Tracking Floating Solar Panels. The Tracking Floating Solar Panels is projected to witness significant market share during forecast period.
- Based on Component, market is studied across Cabling, Combine Box, Floaters, Mooring System, PV Modules, Transformer, and Transmission System. The PV Modules is further studied across Monocrystalline and Polycrystalline. The Cabling is projected to witness significant market share during forecast period.
- Based on Capacity, market is studied across 1-50MW, Less than 1MW, and More than 50MW. The Less than 1MW is projected to witness significant market share during forecast period.
- Based on Deployment, market is studied across Off-Grid and On-Grid. The On-Grid is projected to witness significant market share during forecast period.
- Based on Implementation, market is studied across Integrated and Standalone. The Standalone is projected to witness significant market share during forecast period.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 40.14% in 2022, followed by Europe, Middle East & Africa.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Floating Solar Panels Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Floating Solar Panels Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Floating Solar Panels Market, highlighting leading vendors and their innovative profiles. These include Adtech Systems, AKUO ENERGY, Ciel & Terre International, GCL System Integration, Hanwha Group, HelioRec, JA SOLAR Technology Co. Ltd., Kyocera Corporation, LERRI Solar Technology Co., Ltd., NRG ISLAND s.r.l., Ocean Sun AS, Pristine Sun LLC, SPG Solar, Inc., Sunengy Pty Ltd., Sungrow Power Supply Co., Ltd., Suntech Power Holdings Co., Ltd., Talesun Solar Germany GmbH, Trina Solar Co., Ltd., Vari Pontoons, Vikram Solar Limited, Wuxi Suntech Power Co., Ltd., and Yellow Tropus Pvt. Ltd..
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the Floating Solar Panels Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Floating Solar Panels Market?
- What is the competitive strategic window for identifying opportunities in the Floating Solar Panels Market?
- What are the latest technology trends and regulatory frameworks in the Floating Solar Panels Market?
- What is the market share of the leading vendors in the Floating Solar Panels Market?
- Which modes and strategic moves are suitable for entering the Floating Solar Panels Market?
Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Floating Solar Panels Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rising demand for energy with urbanization and industrialization
- 5.1.1.2. Increasing government investments in solar power across economies
- 5.1.2. Restraints
- 5.1.2.1. High cost associated with installation and deployment
- 5.1.3. Opportunities
- 5.1.3.1. Continuous improvements and introduction of advanced floating solar panels
- 5.1.3.2. Development of IoT and AI-based predictive analytics and maintenance technologies
- 5.1.4. Challenges
- 5.1.4.1. Problems related to anchoring & mooring of panels in case of water level variations and extreme weather situations
- 5.2. Market Segmentation Analysis
- 5.2.1. Product: Increasing scope for tracking floating solar panels with technological advancements
- 5.2.2. Implementation: Growing demand for integrated solar power projects along with hydroelectric power
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 6. Floating Solar Panels Market, by Product
- 6.1. Introduction
- 6.2. Stationary Floating Solar Panels
- 6.3. Tracking Floating Solar Panels
- 7. Floating Solar Panels Market, by Component
- 7.1. Introduction
- 7.2. Cabling
- 7.3. Combine Box
- 7.4. Floaters
- 7.5. Mooring System
- 7.6. PV Modules
- 7.7.1. Monocrystalline
- 7.7.2. Polycrystalline
- 7.7. Transformer
- 7.8. Transmission System
- 8. Floating Solar Panels Market, by Capacity
- 8.1. Introduction
- 8.2. 1-50MW
- 8.3. Less than 1MW
- 8.4. More than 50MW
- 9. Floating Solar Panels Market, by Deployment
- 9.1. Introduction
- 9.2. Off-Grid
- 9.3. On-Grid
- 10. Floating Solar Panels Market, by Implementation
- 10.1. Introduction
- 10.2. Integrated
- 10.3. Standalone
- 11. Americas Floating Solar Panels Market
- 11.1. Introduction
- 11.2. Argentina
- 11.3. Brazil
- 11.4. Canada
- 11.5. Mexico
- 11.6. United States
- 12. Asia-Pacific Floating Solar Panels Market
- 12.1. Introduction
- 12.2. Australia
- 12.3. China
- 12.4. India
- 12.5. Indonesia
- 12.6. Japan
- 12.7. Malaysia
- 12.8. Philippines
- 12.9. Singapore
- 12.10. South Korea
- 12.11. Taiwan
- 12.12. Thailand
- 12.13. Vietnam
- 13. Europe, Middle East & Africa Floating Solar Panels Market
- 13.1. Introduction
- 13.2. Denmark
- 13.3. Egypt
- 13.4. Finland
- 13.5. France
- 13.6. Germany
- 13.7. Israel
- 13.8. Italy
- 13.9. Netherlands
- 13.10. Nigeria
- 13.11. Norway
- 13.12. Poland
- 13.13. Qatar
- 13.14. Russia
- 13.15. Saudi Arabia
- 13.16. South Africa
- 13.17. Spain
- 13.18. Sweden
- 13.19. Switzerland
- 13.20. Turkey
- 13.21. United Arab Emirates
- 13.22. United Kingdom
- 14. Competitive Landscape
- 14.1. FPNV Positioning Matrix
- 14.2. Market Share Analysis, By Key Player
- 14.3. Competitive Scenario Analysis, By Key Player
- 14.3.1. Agreement, Collaboration, & Partnership
- 14.3.1.1. Mibet Energy Forms Strategic Partnership With Zing Energy For Solar Floating Solutions
- 14.3.2. Investment & Funding
- 14.3.2.1. Zimbabwean Energy Group To Raise USD 250m For Floating Solar Plant
- 14.3.3. Award, Recognition, & Expansion
- 14.3.3.1. BASF SE And Noria Energy Install First of Its Kind Floating Solar System At BASF’s Manufacturing Site In the United States
- 15. Competitive Portfolio
- 15.1. Key Company Profiles
- 15.1.1. Adtech Systems
- 15.1.2. AKUO ENERGY
- 15.1.3. Ciel & Terre International
- 15.1.4. GCL System Integration
- 15.1.5. Hanwha Group
- 15.1.6. HelioRec
- 15.1.7. JA SOLAR Technology Co. Ltd.
- 15.1.8. Kyocera Corporation
- 15.1.9. LERRI Solar Technology Co., Ltd.
- 15.1.10. NRG ISLAND s.r.l.
- 15.1.11. Ocean Sun AS
- 15.1.12. Pristine Sun LLC
- 15.1.13. SPG Solar, Inc.
- 15.1.14. Sunengy Pty Ltd.
- 15.1.15. Sungrow Power Supply Co., Ltd.
- 15.1.16. Suntech Power Holdings Co., Ltd.
- 15.1.17. Talesun Solar Germany GmbH
- 15.1.18. Trina Solar Co., Ltd.
- 15.1.19. Vari Pontoons
- 15.1.20. Vikram Solar Limited
- 15.1.21. Wuxi Suntech Power Co., Ltd.
- 15.1.22. Yellow Tropus Pvt. Ltd.
- 15.2. Key Product Portfolio
- 16. Appendix
- 16.1. Discussion Guide
- 16.2. License & Pricing
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