Floating Photovoltaics Market Size, Share, Trends, Growth Outlook

The global Floating Photovoltaics Market Size is estimated to increase at a CAGR of 21.1% during the forecast period from 2024 to 2030.

The Floating Photovoltaics Market research report provides a detailed analysis of diverse segments across 6 regions and 25 countries including Components (Power Converters, Anchoring System, PV Modules, PV Inverter, Others), Technology (Monocrystalline Silicon, Polycrystalline Silicon, Thin Film), Application (Residential, Commercial, Industrial).

An Introduction to Floating Photovoltaics Markets in 2024

Productivity, technology enablement, and sustainability remain the key market-driving forces in the global Floating Photovoltaics industry landscape. Companies that invest in that supply chain and operational resiliency are poised to gain a competitive edge over other market players. The global energy investments are set to increase from around $1,652 Billion in 2024 to $2845 Billion in 2040. As the world is making steady progress towards net zero, energy security, affordability, and industrial competitiveness remain key focus areas of most Floating Photovoltaics companies. The Floating Photovoltaics demand trajectory varies based on multiple scenarios, from macroeconomic conditions, regulatory support, investment scenarios, and the global landscape. Decision makers across the Floating Photovoltaics industry value chain formulating long-term transition strategies with a diverse range of future scenarios are likely to stay ahead of the competition curve.

Floating Photovoltaics Market Trends:

In the floating photovoltaics market, there's a trend towards solar panels mounted on water bodies, such as reservoirs, lakes, and offshore locations. Innovations in floating PV platform designs, anchoring systems, and water-resistant PV modules are prevalent trends. Additionally, the adoption of floating PV for water conservation, land conservation, and increased energy generation efficiency is gaining traction. Moreover, advancements in floating PV installation methods, environmental impact assessments, and system durability are shaping the market.

Floating Photovoltaics Market Drivers:

Key drivers stimulating the floating photovoltaics market include the need for alternative PV installation locations, land scarcity issues, and the potential for increased solar energy generation over water bodies. Floating PV offers advantages such as minimized land use, reduced evaporation from water surfaces, and improved solar panel cooling, driving its adoption in water-based solar installations. Moreover, technological advancements in floating platform stability, corrosion-resistant materials, and system maintenance contribute significantly to market growth.

Floating Photovoltaics Market Opportunities:

Opportunities in the floating photovoltaics market lie in expanding floating PV projects and addressing challenges related to water-based installations. Collaboration among floating PV developers, water utility companies, and environmental agencies offers significant growth prospects. Moreover, investing in research and development for improved floating platform designs, biofouling prevention, and ecosystem-friendly installation methods can unlock new avenues for market expansion. Exploring emerging markets with water resources and promoting the benefits of floating PV for efficient solar energy generation can further drive market growth and facilitate the widespread adoption of floating photovoltaic solutions.

Floating Photovoltaics Market Segmentation

Floating Photovoltaics are solar panels installed on bodies of water, such as lakes or reservoirs, leveraging water surface area to generate electricity, providing an innovative approach to renewable energy generation without consuming land space.

Components
• Power Converters
• Anchoring System
• PV Modules
• PV Inverter
• Others

Technology
• Monocrystalline Silicon
• Polycrystalline Silicon
• Thin Film

Application
• Residential
• Commercial
• Industrial

 

By Region

• North America (United States, Canada, Mexico)

• Europe (Germany, France, United Kingdom, Spain, Italy, Others)

• Asia Pacific (China, India, Japan, South Korea, Australia, Others)

• Latin America (Brazil, Argentina, Others)

• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

 

Floating Photovoltaics Market Companies

• Adtech Systems Private Limited
• BayWa r.e. AG
• Ciel & Terre International SA
• HelioRec SA
• LS ELECTRIC Co., Ltd.
• Ocean Sun AS
• SolOcean GmbH
• Waaree Energies Ltd.
• Yellow Tropus Private Limited
 

Reasons to Buy the Floating Photovoltaics Market Study

• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Floating Photovoltaics market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Floating Photovoltaics industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

TABLE OF CONTENTS

1 INTRODUCTION TO 2024 Floating Photovoltaics MARKETS
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 RESEARCH METHODOLOGY
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 EXECUTIVE SUMMARY
3.1 Global Floating Photovoltaics Market Size Outlook, $ Million, 2021 to 2030
3.2 Floating Photovoltaics Market Outlook by Type, $ Million, 2021 to 2030
3.3 Floating Photovoltaics Market Outlook by Product, $ Million, 2021 to 2030
3.4 Floating Photovoltaics Market Outlook by Application, $ Million, 2021 to 2030
3.5 Floating Photovoltaics Market Outlook by Key Countries, $ Million, 2021 to 2030

4 MARKET DYNAMICS
4.1 Key Driving Forces of Floating Photovoltaics Industry
4.2 Key Market Trends in Floating Photovoltaics Industry
4.3 Potential Opportunities in Floating Photovoltaics Industry
4.4 Key Challenges in Floating Photovoltaics Industry
5 MARKET FACTOR ANALYSIS
5.1 Competitive Landscape
5.1.1 Global Floating Photovoltaics Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis

6 GROWTH OUTLOOK ACROSS SCENARIOS
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 GLOBAL Floating Photovoltaics MARKET OUTLOOK BY SEGMENTS
7.1 Floating Photovoltaics Market Outlook by Segments
Components
- Power Converters
- Anchoring System
- PV Modules
- PV Inverter
- Others

Technology
- Monocrystalline Silicon
- Polycrystalline Silicon
- Thin Film

Application
- Residential
- Commercial
- Industrial


8 NORTH AMERICA Floating Photovoltaics MARKET ANALYSIS AND OUTLOOK TO 2030
8.1 Introduction to North America Floating Photovoltaics Markets in 2024
8.2 North America Floating Photovoltaics Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Floating Photovoltaics Market size Outlook by Segments, 2021-2030
Components
- Power Converters
- Anchoring System
- PV Modules
- PV Inverter
- Others

Technology
- Monocrystalline Silicon
- Polycrystalline Silicon
- Thin Film

Application
- Residential
- Commercial
- Industrial


9 EUROPE Floating Photovoltaics MARKET ANALYSIS AND OUTLOOK TO 2030
9.1 Introduction to Europe Floating Photovoltaics Markets in 2024
9.2 Europe Floating Photovoltaics Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Floating Photovoltaics Market size Outlook by Segments, 2021-2030
Components
- Power Converters
- Anchoring System
- PV Modules
- PV Inverter
- Others

Technology
- Monocrystalline Silicon
- Polycrystalline Silicon
- Thin Film

Application
- Residential
- Commercial
- Industrial


10 ASIA PACIFIC Floating Photovoltaics MARKET ANALYSIS AND OUTLOOK TO 2030
10.1 Introduction to Asia Pacific Floating Photovoltaics Markets in 2024
10.2 Asia Pacific Floating Photovoltaics Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Floating Photovoltaics Market size Outlook by Segments, 2021-2030
Components
- Power Converters
- Anchoring System
- PV Modules
- PV Inverter
- Others

Technology
- Monocrystalline Silicon
- Polycrystalline Silicon
- Thin Film

Application
- Residential
- Commercial
- Industrial


11 SOUTH AMERICA Floating Photovoltaics MARKET ANALYSIS AND OUTLOOK TO 2030
11.1 Introduction to South America Floating Photovoltaics Markets in 2024
11.2 South America Floating Photovoltaics Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Floating Photovoltaics Market size Outlook by Segments, 2021-2030
Components
- Power Converters
- Anchoring System
- PV Modules
- PV Inverter
- Others

Technology
- Monocrystalline Silicon
- Polycrystalline Silicon
- Thin Film

Application
- Residential
- Commercial
- Industrial


12 MIDDLE EAST AND AFRICA Floating Photovoltaics MARKET ANALYSIS AND OUTLOOK TO 2030
12.1 Introduction to Middle East and Africa Floating Photovoltaics Markets in 2024
12.2 Middle East and Africa Floating Photovoltaics Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Floating Photovoltaics Market size Outlook by Segments, 2021-2030
Components
- Power Converters
- Anchoring System
- PV Modules
- PV Inverter
- Others

Technology
- Monocrystalline Silicon
- Polycrystalline Silicon
- Thin Film

Application
- Residential
- Commercial
- Industrial


13 COMPANY PROFILES
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
- Adtech Systems Private Limited
- BayWa r.e. AG
- Ciel & Terre International SA
- HelioRec SA
- LS ELECTRIC Co., Ltd.
- Ocean Sun AS
- SolOcean GmbH
- Waaree Energies Ltd.
- Yellow Tropus Private Limited


14 APPENDIX
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

Floating Photovoltaics Market Segmentation

Floating Photovoltaics are solar panels installed on bodies of water, such as lakes or reservoirs, leveraging water surface area to generate electricity, providing an innovative approach to renewable energy generation without consuming land space.

Components
• Power Converters
• Anchoring System
• PV Modules
• PV Inverter
• Others

Technology
• Monocrystalline Silicon
• Polycrystalline Silicon
• Thin Film

Application
• Residential
• Commercial
• Industrial

 

By Region

• North America (United States, Canada, Mexico)

• Europe (Germany, France, United Kingdom, Spain, Italy, Others)

• Asia Pacific (China, India, Japan, South Korea, Australia, Others)

• Latin America (Brazil, Argentina, Others)

• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)