Global Floating Solar

Global Floating Solar Market Research Report: Forecast (2021-2026)

By Type (Stationary, Solar Tracking), By Technology (Photovoltaic, Concentrated Solar Power), By Location (Onshore, Offshore), By Capacity (0.1-1 MW, 1-5 MW, More than 5 MV), By Region (North America, Read more

  • Energy
  • Jun 2021
  • 179
  • EN66008

Market Definition

Floating solar, also Floating Photovoltaic (FPV), involves the installation of solar panels on water bodies like lakes, ponds, and oceans for rapid clean energy generation. Since these set-ups are entirely on water bodies, they depict new horizons across various countries that have land constraints.

Higher energy yield, improved water quality, reduced evaporation, etc., are a few prominent benefits of floating solar panels over land-based systems. As a result, they are being increasingly installed worldwide, specifically in countries with high population density & less available land, and are generating new prospects for expanding solar energy generation capacity.

Market Insights

The Global Floating Solar Market is projected to grow at a CAGR of around 45% during the forecast period, i.e., 2021-26. The growth of the market is likely to be driven primarily by the mounting focus of various countries worldwide on producing clean & renewable energy and various government initiatives associated with floating solar plant installations, including tax rebates & incentives. 

Many countries with high population levels & land constraints are actively setting up floating solar plants and scaling up solar energy utilization. Moreover, with the burgeoning energy requirements & rapidly depleting fossil fuels, the need for renewable energy resources is critically surging worldwide.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR (2021-2026) 45%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, UK, France, Italy, Spain
Asia-Pacific: China, India, Japan, South Korea, Australia
South America: Brazil, Argentina
Middle East & Africa: UAE, Saudi Arabia, South Africa
Key Companies Profiled Solaris Synergy, Sunengy Pty Ltd., Vikram Solar, Ciel & Terre International, KYOCERA Corporation, Novaton AG, Pristine Sun LLC, SPI Energy Co., Ltd., Yingli Solar, JA Solar Technology Co. Ltd., Ocean Sun AS, Quant Solar, Sharp Corporation, Tata Power Solar System Ltd., Swimsol GmbH, etc.
Unit Denominations

USD Million/Billion

 

In fact, several governments are also ambitious about reaching green energy targets, curbing carbon emissions, and addressing severe environmental challenges, which, in turn, would further generate a plethora of growth opportunities for the leading players in the industry and attract numerous investors over the coming years. Currently, China, India, Japan, the USA, and Germany act as powerhouses for the solar industry and are playing a crucial role in driving the global floating solar market.

Impact of Covid-19 on the Global Floating Solar Market

The advent of Covid-19 in 2020 severely impacted most industries worldwide. However, the Global Floating Solar Market did not observe, as such, any negative impact since several countries have categorized the solar industry under essentials to ensure continuous business operations even during restrictions & uncertainties. Although, floating solar plants were operational amidst the crisis. Still, with the sudden imposition of lockdown, the industry underwent a temporary halt and witnessed unprecedented challenges amidst the pandemic.

As most countries worldwide import solar materials, mainly from China, travel bans and import & export restrictions resulted in supply chain disruptions and a shortage of raw materials. However, with improved situations, governments of different countries uplifted restrictions & allowed the recommencement of business operations. In addition, exports from Chinese ports got reinstated while most countries gradually enabled imports. As a result, the market is projected to observe swift revival & substantial growth in the coming years.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Global Floating Solar Market
  5. Global Floating Solar Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Type
        1. Stationary
        2. Solar Tracking
      2. By Technology
        1. Photovoltaic
        2. Concentrated Solar Power
      3. By Location
        1. Onshore
        2. Offshore
      4. By Capacity
        1. 0.1-1 MW
        2. 1-5 MW
        3. ≥ 5 MV
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      6. By Company
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Matrix
  6. North America Floating Solar Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Type
      2. By Technology
      3. By Location
      4. By Capacity
      5. By Country
        1. The US Floating Solar Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. Revenues
          2. Market Share & Analysis
            1. By Type
        2. Canada Floating Solar Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. Revenues
          2. Market Share & Analysis
            1. By Type
        3. Mexico Floating Solar Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. Revenues
          2. Market Share & Analysis
            1. By Type
  7. South America Floating Solar Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Type
      2. By Technology
      3. By Location
      4. By Capacity
      5. By Country
        1. Brazil Floating Solar Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. Revenues
          2. Market Share & Analysis
            1. By Type
        2. Argentina Floating Solar Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. Revenues
          2. Market Share & Analysis
            1. By Type
  8. Europe Floating Solar Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Type
      2. By Technology
      3. By Location
      4. By Capacity
      5. By Country
        1. The UK Floating Solar Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. Revenues
          2. Market Share & Analysis
            1. By Type
        2. Italy Floating Solar Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. Revenues
          2. Market Share & Analysis
            1. By Type
        3. Germany Floating Solar Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. Revenues
          2. Market Share & Analysis
            1. By Type
        4. France Floating Solar Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. Revenues
          2. Market Share & Analysis
            1. By Type
        5. Spain Floating Solar Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. Revenues
          2. Market Share & Analysis
            1. By Type
  9. Middle East & Africa Floating Solar Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Type
      2. By Technology
      3. By Location
      4. By Capacity
      5. By Country
        1. Saudi Arabia Floating Solar Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. Revenues
          2. Market Share & Analysis
            1. By Type
        2. UAE Floating Solar Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. Revenues
          2. Market Share & Analysis
            1. By Type
        3. South Africa Floating Solar Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. Revenues
          2. Market Share & Analysis
            1. By Type
  10. Asia-Pacific Floating Solar Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Type
      2. By Technology
      3. By Location
      4. By Capacity
      5. By Country
        1. China Floating Solar Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. Revenues
          2. Market Share & Analysis
            1. By Type
        2. Japan Floating Solar Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. Revenues
          2. Market Share & Analysis
            1. By Type
        3. India Floating Solar Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. Revenues
          2. Market Share & Analysis
            1. By Type
        4. South Korea Floating Solar Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. Revenues
          2. Market Share & Analysis
            1. By Type
        5. Australia Floating Solar Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. Revenues
          2. Market Share & Analysis
            1. By Type
  11. Global Floating Solar Market Policies, Regulations, Product Standards
  12. Global Floating Solar Market Pricing Analysis
  13. Global Floating Solar Market Trends & Insights
  14. Global Floating Solar Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  15. Global Floating Solar Market Hotspot & Opportunities
  16. Global Floating Solar Market Key Strategic Imperatives for Success & Growth
  17. Competition Outlook
    1. Competition Matrix
      1. Product/ Solution Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles of Top Companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Solaris Synergy
      2. Sunengy Pty Ltd
      3. Vikram Solar
      4. Ciel & Terre International
      5. KYOCERA Corporation
      6. Novaton AG
      7. Pristine Sun LLC
      8. SPI Energy Co., Ltd.
      9. Yingli Solar
      10. JA Solar Technology Co. Ltd.
      11. Ocean Sun AS
      12. Quant Solar
      13. Sharp Corporation
      14. Tata Power Solar System Ltd.
      15. Swimsol GmbH
  18. Disclaimer
Floating Solar Market Segmentation
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