Global Floating Solar Panel Market – Industry Trends and Forecast to 2028

  • Chemical and Materials
  • Upcoming Report
  • Feb 2021
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Floating Solar Panel Market, By Product Type (Solar-tracking Floating Solar Panels, Stationary Floating Solar Panels), Connectivity (On Grid, Off Grid), Technology (Photovoltaic, Concentrated Solar Power (CSP) and Concentrator Photovoltaics (CPV)), Capacity (Small-Scale (<100kW), Medium-Scale (100kW-10MW), Large-Scale (>10MW)), Location (Onshore, Offshore), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

Floating Solar Panel Market Market Analysis and Insights : Global Floating Solar Panel Market

Floating solar panel market will reach an estimated valuation of USD 137.08 million by 2028, while registering this growth at a rate of 25.50% for the forecast period of 2021 to 2028. Floating solar panel market report analyses the growth, which is currently being growing due to the increasing focus towards clean fuel power generation energy sources.

Floating solar panel technology has been gaining traction as a favourable and cost-effective alternative to land-based photovoltaic systems. Floating solar panels consist of panels, such as irrigation ponds, reservoirs, dams, canals, and oceans, mounted on water bodies. These panels are mounted on water bodies, helping to retain the temperature by preserving the performance of the silicon panels. These systems have various benefits over traditional power generation systems such as safe and noiseless power generation.

The growing depletion of fossil fuels and global warming caused by their usage has shifted the global interest from conventional energy resources to green energy resources, rising number of initiatives undertaken by the governments across the globe for promoting the shift towards renewable energy, surging levels of investment by the manufacturing companies to make the technology more efficient, prevalence of subsidies and tax benefits offered by the governments with the aim of installation of the solar panels along with rent benefits offered to the owners of the reservoir are some of the major as well as vital factors which will likely to augment the growth of the floating solar panel market in the projected timeframe of 2021-2028. On the other hand, cost-effective nature, reductions in technology prices, and growing networks of solar installers which will further contribute by generating massive opportunities that will lead to the growth of the floating solar panel market in the above mentioned projected timeframe.

High cost of installation along with lack of resistance to corrosion in sea water which will likely to act as market restraints factor for the growth of the floating solar panel in the above mentioned projected timeframe. Increasing need of high investment which will become the biggest and foremost challenge for the growth of the market.

This floating solar panel market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on floating solar panel market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Floating Solar Panel Market Scope and Market Size

Floating solar panel market is segmented on the basis of product type, connectivity, technology, capacity and location. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

  • On the basis of product type, the floating solar panel market is segmented into solar-tracking floating solar panels, and stationary floating solar panels.
  • Based on connectivity, the floating solar panel market is segmented into on grid, and off grid.
  • On the basis of technology, the floating solar panel market is segmented into photovoltaic, concentrated solar power (CSP) and concentrator photovoltaics (CPV).  
  • Based on capacity, the floating solar panel market is segmented into small-scale (<100kW), medium-scale (100kW-10MW), and large-scale (>10MW).
  • On the basis of location, the floating solar panel market is segmented into onshore, and offshore.

Floating Solar Panel Market Country Level Analysis

Floating solar panel market is analysed and market size, volume information is provided by country, product type, connectivity, technology, capacity and location as referenced above.

The countries covered in the floating solar panel market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the floating solar panel market due to the less availability of land along with a limited amount of fossil fuels in the region. Europe region is expected to hold the largest growth rate due to the policies such as feed-in-tariff (FIT), portfolio standard (RPS), tax credits, and pricing laws, have been developed and implemented to promote the use of solar energy in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Floating Solar Panel Market Share Analysis

Floating solar panel market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to floating solar panel market.

The major players covered in the floating solar panel market report are KYOCERA Corporation; Trina Solar; Yellow Tropus Pvt.Ltd; Wuxi Suntech Power Co., Ltd.; Yingli Solar; Ciel & Terre international; LONGi Solar; JA SOLAR Technology Co.,Ltd.; Hanwha Group.; Vikram Solar Limited; GCL-SI; Talesun; Pristine Sun Corp; SHARP CORPORATION; ITOCHU Corporation.; Ocean Sun AS; QuantSolar; SUNGROW; Swimsol; Tata Power.; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Customization Available : Global Floating Solar Panel Market

Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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