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Floating Solar Panels Market By Product (Stationary Floating Solar Panels, Solar Tracking Floating Panels), By Location (Offshore Floating, Onshore Floating) – Growth, Future Prospects And Competitive Analysis, 2016 – 2023

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Published: | Report ID: 4880 | Report Format : PDF

Floating Solar Panels Market

This report titled “Floating solar Panels Market – Growth, Future Prospects, and Competitive Analysis, 2016 – 2023” offers strategic insights into the floating solar panels market trends along with the market size and forecast for the duration of 2013 to 2023. The said research study incorporates an in-depth analysis of multiple market segments based on product type, location, and geographical distribution.

The global floating solar panels market is becoming increasingly competitive, with many startups entering the market. In addition, several players are also focused on developing their niche in the market. The rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America, MEA, and Asia Pacific.

Based on product type, the global floating solar panels market is categorized into stationary floating solar panels and solar-tracking floating panels. In addition, floating solar panels manufacturing companies, distributors, and academic organizations form the major client types for the floating solar panels market. Market size (US$ Mn) and forecast for all the considered segmentation are presented in this report for 2013-2023, along with their respective CAGRs (%) for 2016-2023.

Regarding geographical distribution, the global floating solar panels are studied for five major regions: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Market size and forecast for each regional and country-level market are included in the report for the considered periods.

The geographical distribution of the global floating solar panels market is performed as follows:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Along with the quantitative information sets, this report provides qualitative information such as market dynamics and an executive summary of the global floating solar panels market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. Finally, this study concludes with the company profiles section. This section includes major information about the key companies engaged in developing and providing floating solar panels.

Based on the product type, the global floating solar panels market is segmented as follows:

  • Stationary Floating Solar Panel
  • Tracking Floating Solar Panel

Solar photovoltaic (PV) panels are used as an eco-friendly and renewable source of energy-based power generation technology worldwide. Solar panels are installed on rooftops and free land, but the land was a major issue due to high occupancy of space and unavailability of large free space issue. However, these issues were resolved by introducing floating solar panel technology.

Based on product type, the floating solar panels market is segmented into stationary and solar-tracking floating panels. Between the two, stationary floating solar panels accounted for a larger revenue share and are expected to retain their position in the global floating solar panels market during the forecast period. Stationary floating solar panels have many benefits over the solar tracking floating panels, for instance, increased evaporation control and efficiency owing to the cooling effect of water.

Based on the location, the global floating solar panels market is segmented as follows:

  • Offshore Floating
  • Onshore Floating

By location in 2015, onshore floating accounted for the largest market share of the global floating solar panels market in terms of revenue and is projected to maintain its dominance over the forecast period. It is also projected to be the fastest-growing segment. The segment is expected to witness high growth due to the increased efficiency of solar PV coupled with the associated advantage of floating solar PV to prevent evaporation loss of water. Furthermore, increasing private and utility investors’ investments in deploying large-scale photovoltaic projects across various ponds, dams, and riverbeds will further complement the industry outlook.

For this study, the global floating solar panels market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

For this study, the floating solar panels market is categorized into regional markets, viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2015, Asia Pacific was observed to be the largest market for floating solar panels. The Asia Pacific is also anticipated to witness high demand for floating solar panels. Growing investment in floating solar panels coupled with favorable regulatory support is expected to augment the growth of solar panels in Japan, China, and India. Further, countries such as South Korea, Thailand, Malaysia, Australia, and the Maldives are projected to increase their investment in the development of floating solar panel plants during the forecast period. In addition, the Yamakura Dam project in Japan is expected to drive the demand for floating solar panels over the forecast period. In Europe, U.K. was estimated to be the largest country-level market in 2015 and is also anticipated to witness high growth during the forecast period. Upcoming projects, such as the construction of Europe’s largest floating solar power farm with 23,000 solar panels on the Queen Elizabeth II reservoir at Walton-on-Thames, are anticipated to drive the demand for floating solar panels in the region during the forecast period. North America, Latin America, and Middle East & Africa are also projected to witness strong growth during the forecast period.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Overview
2.2 Market Snapshot: Floating Solar Panels Market

Chapter 3 Floating Solar Panels Market Analysis
3.1 Floating Solar Panels Market Overview
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Bundle of Advantages Offered by Floating Solar Panels
3.2.1.2 Rent and Business Tax Earned by the Reservoir Owner
3.2.1.3 Low Management and Maintenance Costs
3.2.1 Challenges
3.2.1.1 Requirement of Large Area for Installation and Other Technical Challenges
3.3 Market Positioning of Key Players

Chapter 4 Floating Solar Panels Market, By Product
4.1 Overview
4.1.1 Floating Solar Panels Market (US$ Mn), by Product (2013 – 2023)
4.2 Stationary Floating Solar Panels
4.3 Solar Tracking Floating Panels

Chapter 5 Floating Solar Panels Market, By Location
5.1 Overview
5.1.1 Floating Solar Panels Market (US$ Mn), by Location (2013 – 2023)
5.2 Offshore Floating
5.3 Onshore Floating

Chapter 6 Floating Solar Panels Market, by Geography
6.1 Overview
6.1.1 Floating Solar Panels Market Revenue Share, by Geography, 2015 & 2023 (Value %)
6.1.2 Attractive Investment Proposition, by Geography
6.1.3 Floating Solar Panels Market (US$ Mn), by Geography, 2013-2023
6.2 North America
6.2.1 North America Floating Solar Panels Market (US$ Mn), 2013–2023
6.2.2 U.S. Floating Solar Panels Market (US$ Mn), 2013–2023
6.2.3 Canada Floating Solar Panels Market (US$ Mn), 2013–2023
6.3 Europe
6.3.1 Europe Floating Solar Panels Market (US$ Mn), 2013–2023
6.3.2 U.K. Floating Solar Panels Market (US$ Mn), 2013–2023
6.3.3 Italy Floating Solar Panels Market (US$ Mn), 2013–2023
6.3.4 France Floating Solar Panels Market (US$ Mn), 2013–2023
6.3.5 Rest of Europe Floating Solar Panels Market (US$ Mn), 2013–2023
6.4 Asia Pacific
6.4.1 Asia Pacific Floating Solar Panels Market (US$ Mn),2013–2023
6.4.2 China Floating Solar Panels Market (US$ Mn), 2013–2023
6.4.3 India Floating Solar Panels Market (US$ Mn), 2013–2023
6.4.4 Japan Floating Solar Panels Market (US$ Mn), 2013–2023
6.4.5 Australia Floating Solar Panels Market (US$ Mn), 2013–2023
6.4.6 Rest of Asia Pacific Floating Solar Panels Market Value (US$ Mn), 2013–2023
6.5 Latin America
6.5.1 Latin America Floating Solar Panels Market (US$ Mn), 2013–2023
6.5.2 Brazil Floating Solar Panels Market (US$ Mn), 2013–2023
6.5.3 Chile Floating Solar Panels Market (US$ Mn), 2013–2023
6.5.4 Rest of Latin America Floating Solar Panels Market (US$ Mn), 2013–2023
6.6 Middle East & Africa
6.6.1 Middle East & Africa Floating Solar Panels Market (US$ Mn), 2013–2023

Chapter 7 Company Profiles
7.1 Ciel Et Terre International
7.2 Solaris Synergy
7.3 Sunengy Pty Ltd.
7.4 KYOCERA Corporation
7.5 Trina Solar Limited
7.6 Sharp Corporation
7.7 Yingli Solar
7.8 Pristine Sun LLC
7.9 SPG Solar
7.10 SPI Energy Co., Ltd.

List Of Figures

FIG. 1 Floating Solar Panels Market: Research Methodology
FIG. 2 Market Positioning of Key Players
FIG. 3 Stationary Floating Solar Panels Market (US$ Mn), 2013 – 2023
FIG. 4 Solar Tracking Floating Panels Market (US$ Mn), 2013 – 2023
FIG. 5 Floating Solar Panels Market, by Offshore Floating, 2013 – 2023 (US$ Mn)
FIG. 6 Floating Solar Panels Market, by Onshore Floating, 2013 – 2023 (US$ Mn)
FIG. 7 Floating Solar Panels Market Revenue Share, by Geography, 2015 & 2023 (Value %)
FIG. 8 Attractive Investment Proposition, by Geography
FIG. 9 North America Floating Solar Panels Market (US$ Mn), 2013- 2023
FIG. 10 U.S. Floating Solar Panels Market (US$ Mn), 2013- 2023
FIG. 11 Canada Floating Solar Panels Market (US$ Mn), 2013- 2023
FIG. 12 Europe Floating Solar Panels Market (US$ Mn), 2013- 2023
FIG. 13 U.K. Floating Solar Panels Market (US$ Mn), 2013- 2023
FIG. 14 Italy Floating Solar Panels Market (US$ Mn), 2013- 2023
FIG. 15 France Floating Solar Panels Market (US$ Mn), 2013 – 2023
FIG. 16 Rest of Europe Floating Solar Panels Market (US$ Mn), 2013- 2023
FIG. 17 Asia Pacific Floating Solar Panels Market (US$ Mn), 2013 – 2023
FIG. 18 China Floating Solar Panels Market (US$ Mn), 2013 – 2023
FIG. 19 India Floating Solar Panels Market (US$ Mn), 2013 – 2023
FIG. 20 Japan Floating Solar Panels Market (US$ Mn), 2013 – 2023
FIG. 21 Australia Floating Solar Panels Market (US$ Mn), 2013 – 2023
FIG. 22 Rest of Asia Pacific Floating Solar Panels Market (US$ Mn), 2013 – 2023
FIG. 23 Latin America Floating Solar Panels Market (US$ Mn), 2013 – 2023
FIG. 24 Brazil Floating Solar Panels Market (US$ Mn), 2013 – 2023
FIG. 25 Chile Floating Solar Panels Market (US$ Mn), 2013 – 2023
FIG. 26 Rest of Latin America Floating Solar Panels Market (US$ Mn), 2013 – 2023
FIG. 27 Middle East and Africa Floating Solar Panels Market (US$ Mn), 2013 – 2023

List Of Table

TABLE 1 Market Snapshot: Floating Solar Panels Market
TABLE 2 Floating Solar Panels Market (US$ Mn), by Product (2013 – 2023)
TABLE 3 Floating Solar Panels Market (US$ Mn), by Location (2013 – 2023)
TABLE 4 Floating Solar Panels Market (US$ Mn), by Geography, 2013-2023
TABLE 5 Ciel Et Terre International: Company Snapshot (Company Details, Financial Information, Product Portfolio, Business Strategies)
TABLE 6 Solaris Synergy: Company Snapshot (Company Details, Financial Information, Product Portfolio, Business Strategies)
TABLE 7 Sunengy Pty Ltd.: Company Snapshot (Company Details, Financial Information, Product Portfolio, Business Strategies)
TABLE 8 KYOCERA Corporation: Company Snapshot (Company Details, Financial Information, Product Portfolio, Business Strategies)
TABLE 9 Trina Solar Limited: Company Snapshot (Company Details, Financial Information, Product Portfolio, Business Strategies)
TABLE 10 Sharp Corporation: Company Snapshot (Company Details, Financial Information, Product Portfolio, Business Strategies)
TABLE 11 Yingli Solar: Company Snapshot (Company Details, Financial Information, Product Portfolio, Business Strategies)
TABLE 12 Pristine Sun LLC: Company Snapshot (Company Details, Financial Information, Product Portfolio, Business Strategies)
TABLE 13 SPG Solar: Company Snapshot (Company Details, Financial Information, Product Portfolio, Business Strategies)
TABLE 14 SPI Energy Co., Ltd.: Company Snapshot (Company Details, Financial Information, Product Portfolio, Business Strategies)

Frequently Asked Questions

What is the size of Floating Solar Panels Market?

The market for Floating Solar Panels Market is expected to reach US$ XX Bn by 2023.

What is the Floating Solar Panels Market CAGR?

The Floating Solar Panels Market is expected to see significant CAGR growth over the coming years, at XX%.

What is the Forecast period considered for Floating Solar Panels Market?

The report is forecasted from 2016-2023.

What is the base year considered for Floating Solar Panels Market?

The base year of this report is 2015.

Who are the major players in this market?

Ciel Et Terre International, Solaris Synergy, Sunengy Pty Ltd., KYOCERA Corporation, Trina Solar Limited are some of the major players in the global market.

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