Market Overview:
The global floating PV system market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources and the growing awareness about the benefits of floating PV systems. The photovoltaic module segment is expected to account for the largest share of the global floating PV system market in 2018. This segment is also expected to grow at a CAGR of XX% during the forecast period. The growth in this segment can be attributed to factors such as rising demand for solar energy and declining prices of solar modules. The ponds application segment is expected to account for the largest share of the global floating PV system market in 2018.
Product Definition:
A floating PV system is a photovoltaic system that floats on the surface of a body of water. It is often used in places where there is ample open space and sunlight but limited or no land available for traditional solar panels. Floating PV systems can be installed in many different shapes and sizes, making them an adaptable option for many locations. The main advantage of a floating PV system is that it takes up less space than traditional solar panels, allowing more room for other uses such as recreation or agriculture. Additionally, they are less likely to be affected by shadows from trees or buildings, making them an ideal choice for areas with dense vegetation or lots of obstructions.
Photovoltaic Module:
A photovoltaic module is a solar cell, which is used to convert the sunlight into electricity. The PV modules are made of crystalline silicon and semi-crystalline material like amorphous silica or Czochralski glass. They are manufactured in different shapes and sizes depending upon the application area. The size of a PV module depends on its use i.e.
Photovoltaic Bracket:
Photovoltaic bracket is used in the manufacturing of photovoltaic modules. It helps to hold the PV module securely and steadily on its mounting surface. Photovoltaic brackets are manufactured using different materials such as stainless steel, aluminum, carbon fiber and plastic among others depending upon the application requirements. The material selection depends on factors such as durability, weight, corrosion resistance and cost among others.
Application Insights:
Pond, reservoir, and lake application dominated the global floating PV system market in terms of revenue share in 2017. This is attributed to the growing need for water treatment coupled with rising awareness regarding sustainable development. Moreover, governments are taking initiatives to increase usage of renewable sources of energy including solar power for water heating and cooling which further propels industry growth. For instance, The Ministry Of Energy And Water Resources (MOEWR)¢â‚¬â„¢s Solar Heating & Cooling Program promotes the installation of large-scale solar PV systems for various applications including ponds, reservoirs and lakeside tourism development in Malaysia.
The others segment that includes leisure parks and sports centers is expected to witness significant growth over the forecast period owing to increasing government funding support as well as subsidies offered by companies such as OPKO Energy Inc., NextEra Energy Inc., Hawaiian Electric Industries Ltd., Enel S.p.A.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2016 and is anticipated to witness significant growth over the next eight years. This can be attributed to growing awareness regarding renewable energy generation, supportive government policies, rising investments by players in different countries and increasing deployment of floating photovoltaic systems across industries including water management, agriculture & fisheries, power generation etc.
The European market was valued at USD X billion in 2016 and is projected to grow at a CAGR of XX% from 2017 to 2030 owing high consumption of electricity generated through renewable energy sources along with technological advancements associated with solar panels used for generating electricity through photovoltaic effect (PV). Moreover, presence or development plans for Floating PV System (FPS) projects by national governments are likely boost industry growth across this region during the forecast period.
Growth Factors:
- Increasing demand for clean and renewable energy sources
- Government initiatives and policies to promote the use of solar energy
- Reduction in the cost of solar PV systems
- Rising awareness about the benefits of floating PV systems
- Technological advancements in floating PV system design and installation
Scope Of The Report
Report Attributes
Report Details
Report Title
Floating PV System Market Research Report
By Type
Photovoltaic Module, Photovoltaic Bracket, Suspended Device, Others
By Application
Ponds, Reservoirs, Lakes, Others
By Companies
Mitsubishi, Kyocera, Hanwha, Swimsol GmbH, Akuo Energy SAS, LS ELECTRIC, Sunseap, Solar Energy Corporation of India, Sungrow, BayWa r.e. renewable energy GmbH, Mitsubishi, NRG Island, BELECTRIC GmbH, Duke Energy, Trina Solar, Sinoma Shandong Engineering, Ciel＆Terre
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Floating PV System Market Report Segments:
The global Floating PV System market is segmented on the basis of:
Types
Photovoltaic Module, Photovoltaic Bracket, Suspended Device, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Ponds, Reservoirs, Lakes, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mitsubishi
- Kyocera
- Hanwha
- Swimsol GmbH
- Akuo Energy SAS
- LS ELECTRIC
- Sunseap
- Solar Energy Corporation of India
- Sungrow
- BayWa r.e. renewable energy GmbH
- Mitsubishi
- NRG Island
- BELECTRIC GmbH
- Duke Energy
- Trina Solar
- Sinoma Shandong Engineering
- Ciel＆Terre
Highlights of The Floating PV System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Photovoltaic Module
- Photovoltaic Bracket
- Suspended Device
- Others
- By Application:
- Ponds
- Reservoirs
- Lakes
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Floating PV System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A floating PV system is a type of solar energy system that uses floating panels to collect sunlight and convert it into electricity. These systems are typically more affordable than traditional ground-mounted PV systems, and they can be installed on bodies of water or other areas where there is plenty of sunshine. Floating PV systems are also easier to transport and install than traditional ground-mounted solar arrays, making them an attractive option for communities in need of clean energy sources.
Some of the major players in the floating pv system market are Mitsubishi, Kyocera, Hanwha, Swimsol GmbH, Akuo Energy SAS, LS ELECTRIC, Sunseap, Solar Energy Corporation of India, Sungrow, BayWa r.e. renewable energy GmbH, Mitsubishi, NRG Island, BELECTRIC GmbH, Duke Energy, Trina Solar, Sinoma Shandong Engineering, Ciel＆Terre.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Floating PV System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Floating PV System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Floating PV System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Floating PV System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Floating PV System Market Size & Forecast, 2020-2028
4.5.1 Floating PV System Market Size and Y-o-Y Growth
4.5.2 Floating PV System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Photovoltaic Module
5.2.2 Photovoltaic Bracket
5.2.3 Suspended Device
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Ponds
6.2.2 Reservoirs
6.2.3 Lakes
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Floating PV System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Floating PV System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Photovoltaic Module
9.6.2 Photovoltaic Bracket
9.6.3 Suspended Device
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Ponds
9.10.2 Reservoirs
9.10.3 Lakes
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Photovoltaic Module
10.6.2 Photovoltaic Bracket
10.6.3 Suspended Device
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Ponds
10.10.2 Reservoirs
10.10.3 Lakes
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Photovoltaic Module
11.6.2 Photovoltaic Bracket
11.6.3 Suspended Device
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Ponds
11.10.2 Reservoirs
11.10.3 Lakes
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Photovoltaic Module
12.6.2 Photovoltaic Bracket
12.6.3 Suspended Device
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Ponds
12.10.2 Reservoirs
12.10.3 Lakes
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Photovoltaic Module
13.6.2 Photovoltaic Bracket
13.6.3 Suspended Device
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Ponds
13.10.2 Reservoirs
13.10.3 Lakes
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Floating PV System Market: Competitive Dashboard
14.2 Global Floating PV System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mitsubishi
14.3.2 Kyocera
14.3.3 Hanwha
14.3.4 Swimsol GmbH
14.3.5 Akuo Energy SAS
14.3.6 LS ELECTRIC
14.3.7 Sunseap
14.3.8 Solar Energy Corporation of India
14.3.9 Sungrow
14.3.10 BayWa r.e. renewable energy GmbH
14.3.11 Mitsubishi
14.3.12 NRG Island
14.3.13 BELECTRIC GmbH
14.3.14 Duke Energy
14.3.15 Trina Solar
14.3.16 Sinoma Shandong Engineering
14.3.17 Ciel＆Terre
