openPR Logo
Press release

Floating Solar Market Size, Share and Growth Analysis for 2021-2031

02-15-2024 02:12 PM CET | Energy & Environment

Press release from: Transparency Market Research

Floating Solar Market

Floating Solar Market

The global energy landscape is undergoing a remarkable transformation with the rise of floating solar technology. Floating solar, a cutting-edge innovation that harnesses the power of water bodies to generate clean energy, is revolutionizing the renewable energy sector. This article delves into the burgeoning floating solar market, its drivers, challenges, and the transformative impact it holds for the future of sustainable energy.

๐†๐ž๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=83993

Key Players and Market Developments
โ€ข Trina Solar
โ€ข Sharp Energy Solutions Corporation (Sharp Corporation)
โ€ข KYOCERA Corporation
โ€ข JA SOLAR Technology Co., Ltd.
โ€ข Yingli Solar
โ€ข Ciel & Terre International
โ€ข GreenYellow (Thailand) Limited
โ€ข Cleantech Solar
โ€ข Solarvest Holdings Berhad
โ€ข NOVATON AG
โ€ข Pristine Sun Corp.

Market Overview

The global floating solar market is experiencing exponential growth, driven by its myriad advantages over traditional land-based solar installations. Valued at US$ 1.95 billion in 2020, the market is projected to expand at a staggering CAGR of 30% from 2021 to 2031, reaching a value of US$ 27.7 billion by 2031. The increasing demand for clean energy, coupled with the scarcity of land for solar installations, is propelling the adoption of floating solar solutions worldwide.

Key Market Drivers

Companies in the floating solar market are capitalizing on the growing popularity of renewable energy sources, particularly amid the ongoing COVID-19 pandemic. The strategic expansion of large-scale floating solar projects, notably in regions like India and Sri Lanka, reflects a broader shift towards sustainable energy solutions. Moreover, the cost-effectiveness and environmental benefits of floating solar plants are driving significant investments and research initiatives in the sector.

Advantages of Floating Solar

Floating solar offers a multitude of advantages over traditional land-based solar systems, making it an attractive option for countries grappling with land scarcity and environmental concerns. By utilizing water surfaces for solar panel installation, floating solar eliminates the need for expensive land acquisitions and minimizes environmental impact. Additionally, the cooling effect of water enhances the efficiency of solar panels, resulting in higher energy generation and lower operational costs.

Challenges and Opportunities

Despite its rapid growth, the floating solar market faces challenges related to site selection and anchoring, particularly in regions with fluctuating water levels and complex waterbed topographies. However, companies are leveraging advanced technologies and strategic partnerships to overcome these challenges and unlock the full potential of floating solar. The combination of floating solar with hydropower generation presents promising opportunities for increased energy production and enhanced grid stability.

๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ | ๐ˆ๐ฆ๐ฆ๐ž๐๐ข๐š๐ญ๐ž ๐ƒ๐ž๐ฅ๐ข๐ฏ๐ž๐ซ๐ฒ ๐€๐ฏ๐š๐ข๐ฅ๐š๐›๐ฅ๐ž ๐š๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=83993<ype=S
Regional Outlook

Regions such as India, Sri Lanka, and parts of Africa are emerging as hotspots for floating solar installations, driven by supportive government policies and ambitious renewable energy targets. In Sri Lanka, for instance, the integration of floating solar with hydropower projects is set to revolutionize the country's energy landscape and contribute to its renewable energy goals. Furthermore, pilot projects and investments in floating solar technology are gaining traction in countries across the globe, signaling a shift towards a more sustainable energy future.

About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Floating Solar Market Size, Share and Growth Analysis for 2021-2031 here

News-ID: 3386480 • Views: โ€ฆ

More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 - Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 โ€ฆ
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth. Uncover essential discoveries and trends fromโ€ฆ
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Radiopharmaceuticals to Propel Market Expansion | Transparency Market Research, Inc
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra โ€ฆ
The global Technetiumโ€99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth. Discover essential conclusions and data from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100 Analysts' Viewpoint The Technetiumโ€99mโ€ฆ
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to US$ 280 Million by 2030, Driven by Rising Equine Diseases and Diagnostic Advancements
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to โ€ฆ
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equineโ€ฆ
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of 6.1%
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of โ€ฆ
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,โ€ฆ

All 5 Releases


More Releases for Solar

Biohybrid Solar Cell Market Professional Survey Report 2022 - Jinko Solar, JA SO โ€ฆ
The Biohybrid Solar Cell Market Report 2022 provides a comprehensive analysis of observable trends and projections. This research shows how to attract a large number of customers. Our certified crew of economists, researchers, and advisers has made further attempts in projecting the global industry by utilising accredited global Biohybrid Solar Cell market information tools as well as various instruments and ways to successfully review and get information. The research arguesโ€ฆ
Home Solar Power System Market Size, Share, Trends, Growth - Tesla, Panasonic So โ€ฆ
The Global Home Solar Power System Market study includes new innovations, market dynamics, strategic profiling in terms of the future market strategies and shares for the subsectors of the industry. This research consists of details related to the size of the industries, the major players, markets, sales volume and value. This study offers a detail data on the historical data pointers as well as forecasts by region/country for the sectorsโ€ฆ
Solar PV Module Market Outlook To 2024 - Trina Solar, Canadian Solar Inc., JA So โ€ฆ
Solar PV module market from utility sector has witnessed a substantial growth globally in recent years. In the first quarter of the year, Vietnam's Ministry of Industry and Trade have talked about their FiT scheme related to utility-based solar power projects. Ongoing electrification programs and incentives benefit pertaining to grid connected power generation is surging the demand for on-grid solar PV modules. On-grid connection represented 55% of the overall solarโ€ฆ
Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte โ€ฆ
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others. This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies suchโ€ฆ
Solar PV Module Market By Key Vendors: Trina Solar, Canadian Solar Inc., JA Sola โ€ฆ
UK solar PV module market is set to expand owing to government initiatives towards sustainable energy integration. The export tariff introduced by the UK government facilitates USD 0.06 per unit for the surplus electricity injected back to the grid by the generator. Favorable government reforms with ambitious plan towards carbon footprint reduction will further boost the business outlook. Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1563 Solar PV Module Market sizeโ€ฆ
Global Solar Thermal Market 2016 Abengoa Solar, SUPCON Solar, Solar Euromed
Global Solar Thermal Market Research Report The MRS Research Group Solar Thermal report by QY Research represents an inclusive evaluation of the Solar Thermal Market and comprises considerable insights, historical data, facts,and statistical and industry-validated data of the global market.Additionally,it consists of estimated data that is evaluated with the help of suitable set of methodologies and assumptions.The MRS Research Group report research highlights informative data and in-depth analysis of Solar Thermalโ€ฆ