Market Overview:
The global floating solar 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 using floating solar systems. The global floating solar system market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into PV modules, lightning protection system, anchoring system, inverter, and others. The PV modules segment is expected to hold a major share in this market owing to their high efficiency and low cost as compared to other types of modules. On the basis of application, it can be classified into irrigation,, hydroelectric dam,, water treatment,, quarry & mining,, and others. The irrigation segment is projected to account for a major share in this market due to its growing demand for fresh water across different regions worldwide.
Product Definition:
A floating solar system is a solar energy system that floats on a body of water. These systems are often used in large-scale applications, such as in power plants or at wastewater treatment facilities. Floating solar systems offer several advantages over traditional land-based systems, including increased efficiency and reduced environmental impact.
PV Modules:
PV modules are photovoltaic cells, which convert sunlight into electricity. They are used in various applications including residential, commercial and utility. The global market for PV modules is expected to witness significant growth over the forecast period owing to growing demand across the globe coupled with technological advancements in this sector.
Lightning Protection System:
A lightning protection system (LPS) is a device that protects electrical systems and equipment from the effects of lighting. It does this by diverting or removing part of the lightning's energy into anode, which is a secondary device made out of metal such as aluminum. An LPS consists of two parts: an external circuit board with multiple outlets for connection to various devices and an internal high-voltage power supply.
Application Insights:
The irrigation segment accounted for the largest revenue share in 2017 and is projected to witness significant growth over the forecast period. The rising demand for water-efficient technologies in order to counter the effects of climate change is expected to drive the application segment over the next eight years.
Hydroelectric dams are one of the most effective and energy-efficient means of generating power. Rising concerns regarding greenhouse gas emissions have led governments across various countries to focus on developing renewable sources of energy, such as hydropower, that are eco-friendly and can help reduce carbon dioxide (CO2) emissions significantly. This factor has resulted in increased investments being made by dam owners in floating solar systems so as to generate electricity from their reservoirs without having any additional costs incurred on account of land acquisition or construction work at a later stage.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region has been witnessing strong economic growth, which in turn has led to increased electricity consumption across various industries. Rising demand for clean energy sources owing to environmental concerns and growing industrialization is anticipated to drive the industry expansion over this region in near future.
The European market was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 To 2030 owing high product adoption across end-use industries such as water treatment, mining, agriculture & forestry, etc., especially in countries such as Germany and U.K.
Growth Factors:
- Increasing demand for clean and renewable energy: The global floating solar system market is expected to grow at a high rate owing to the increasing demand for clean and renewable energy. Solar energy is one of the most reliable, efficient, and affordable sources of renewable energy.
- Declining cost of solar photovoltaic (PV) technology: The cost of solar PV technology has been declining over the years, making it more affordable for consumers. This is likely to boost the adoption of floating solar systems in the coming years.
- Stringent regulations on greenhouse gas emissions: Governments across the globe are implementing stringent regulations on greenhouse gas emissions in an effort to reduce their impact on climate change. Floating solar systems help reduce greenhouse gas emissions by displacing traditional power generation methods such as coal-fired power plants.
Scope Of The Report
Report Attributes
Report Details
Report Title
Floating Solar System Market Research Report
By Type
PV Modules, Lightning Protection System, Anchoring System, Inverter, Others
By Application
Irrigation, Hydroelectric Dam, Water Treatment, Quarry & Mining, Others
By Companies
Ciel and Terre International, Swimsol, Yellow Tropus Pvt. Ltd., Adtech Systems Limited, Sungrow, EDP Group, Ocean Sun AS, Kyocera TCL Solar, Waaree Energies Ltd, ls electric, Mitsubishi, Hanwha, Akuo Energy SAS, Solar Energy Corporation of India, BayWa r.e. AG, Texel4Trading BV, NRG Island, BELECTRIC GmbH, Duke Energy, Trina Solar
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
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Floating Solar System Market Report Segments:
The global Floating Solar System market is segmented on the basis of:
Types
PV Modules, Lightning Protection System, Anchoring System, Inverter, 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
Irrigation, Hydroelectric Dam, Water Treatment, Quarry & Mining, 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:
- Ciel and Terre International
- Swimsol
- Yellow Tropus Pvt. Ltd.
- Adtech Systems Limited
- Sungrow
- EDP Group
- Ocean Sun AS
- Kyocera TCL Solar
- Waaree Energies Ltd
- ls electric
- Mitsubishi
- Hanwha
- Akuo Energy SAS
- Solar Energy Corporation of India
- BayWa r.e. AG
- Texel4Trading BV
- NRG Island
- BELECTRIC GmbH
- Duke Energy
- Trina Solar
Highlights of The Floating Solar 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:
- PV Modules
- Lightning Protection System
- Anchoring System
- Inverter
- Others
- By Application:
- Irrigation
- Hydroelectric Dam
- Water Treatment
- Quarry & Mining
- 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 Solar 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?
Some of the major players in the floating solar system market are Ciel and Terre International, Swimsol, Yellow Tropus Pvt. Ltd., Adtech Systems Limited, Sungrow, EDP Group, Ocean Sun AS, Kyocera TCL Solar, Waaree Energies Ltd, ls electric, Mitsubishi, Hanwha, Akuo Energy SAS, Solar Energy Corporation of India, BayWa r.e. AG, Texel4Trading BV, NRG Island, BELECTRIC GmbH, Duke Energy, Trina Solar.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Floating Solar 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 Solar System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Floating Solar 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 Solar 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 Solar System Market Size & Forecast, 2018-2028
4.5.1 Floating Solar System Market Size and Y-o-Y Growth
4.5.2 Floating Solar System Market Absolute $ Opportunity
Chapter 5 Global Floating Solar System 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 Floating Solar System Market Size Forecast by Type
5.2.1 PV Modules
5.2.2 Lightning Protection System
5.2.3 Anchoring System
5.2.4 Inverter
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Floating Solar System 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 Floating Solar System Market Size Forecast by Applications
6.2.1 Irrigation
6.2.2 Hydroelectric Dam
6.2.3 Water Treatment
6.2.4 Quarry & Mining
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Floating Solar 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 Solar 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 Floating Solar System Analysis and Forecast
9.1 Introduction
9.2 North America Floating Solar System 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 Floating Solar System Market Size Forecast by Type
9.6.1 PV Modules
9.6.2 Lightning Protection System
9.6.3 Anchoring System
9.6.4 Inverter
9.6.5 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 Floating Solar System Market Size Forecast by Applications
9.10.1 Irrigation
9.10.2 Hydroelectric Dam
9.10.3 Water Treatment
9.10.4 Quarry & Mining
9.10.5 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 Floating Solar System Analysis and Forecast
10.1 Introduction
10.2 Europe Floating Solar System 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 Floating Solar System Market Size Forecast by Type
10.6.1 PV Modules
10.6.2 Lightning Protection System
10.6.3 Anchoring System
10.6.4 Inverter
10.6.5 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 Floating Solar System Market Size Forecast by Applications
10.10.1 Irrigation
10.10.2 Hydroelectric Dam
10.10.3 Water Treatment
10.10.4 Quarry & Mining
10.10.5 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 Floating Solar System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Floating Solar System 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 Floating Solar System Market Size Forecast by Type
11.6.1 PV Modules
11.6.2 Lightning Protection System
11.6.3 Anchoring System
11.6.4 Inverter
11.6.5 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 Floating Solar System Market Size Forecast by Applications
11.10.1 Irrigation
11.10.2 Hydroelectric Dam
11.10.3 Water Treatment
11.10.4 Quarry & Mining
11.10.5 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 Floating Solar System Analysis and Forecast
12.1 Introduction
12.2 Latin America Floating Solar System 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 Floating Solar System Market Size Forecast by Type
12.6.1 PV Modules
12.6.2 Lightning Protection System
12.6.3 Anchoring System
12.6.4 Inverter
12.6.5 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 Floating Solar System Market Size Forecast by Applications
12.10.1 Irrigation
12.10.2 Hydroelectric Dam
12.10.3 Water Treatment
12.10.4 Quarry & Mining
12.10.5 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) Floating Solar System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Floating Solar System 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) Floating Solar System Market Size Forecast by Type
13.6.1 PV Modules
13.6.2 Lightning Protection System
13.6.3 Anchoring System
13.6.4 Inverter
13.6.5 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) Floating Solar System Market Size Forecast by Applications
13.10.1 Irrigation
13.10.2 Hydroelectric Dam
13.10.3 Water Treatment
13.10.4 Quarry & Mining
13.10.5 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 Solar System Market: Competitive Dashboard
14.2 Global Floating Solar System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ciel and Terre International
14.3.2 Swimsol
14.3.3 Yellow Tropus Pvt. Ltd.
14.3.4 Adtech Systems Limited
14.3.5 Sungrow
14.3.6 EDP Group
14.3.7 Ocean Sun AS
14.3.8 Kyocera TCL Solar
14.3.9 Waaree Energies Ltd
14.3.10 ls electric
14.3.11 Mitsubishi
14.3.12 Hanwha
14.3.13 Akuo Energy SAS
14.3.14 Solar Energy Corporation of India
14.3.15 BayWa r.e. AG
14.3.16 Texel4Trading BV
14.3.17 NRG Island
14.3.18 BELECTRIC GmbH
14.3.19 Duke Energy
14.3.20 Trina Solar
