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Floating Solar Panels Market worth $775.44 million by 2030, growing at a CAGR of 13.22% - Exclusive Report by 360iResearch

02-26-2024 06:57 AM CET | Energy & Environment

Press release from: 360iResearch

Floating Solar Panels Market | 360iResearch

Floating Solar Panels Market | 360iResearch

The "Floating Solar Panels Market by Product (Stationary Floating Solar Panels, Tracking Floating Solar Panels), Component (Cabling, Combine Box, Floaters), Capacity, Deployment, Implementation - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global Floating Solar Panels Market to grow from USD 287.07 million in 2022 to USD 775.44 million by 2030, at a CAGR of 13.22%.

Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/floating-solar-panels?utm_source=openpr&utm_medium=referral&utm_campaign=sample

Floating solar panels are an array of photovoltaics that are designed and installed on buoyant structures to keep them afloat in water bodies such as water treatment ponds, hydroelectric dams, mining ponds, industrial ponds, lakes, and lagoons. Floating solar often consists of solar models, frames, footrests, and mounting assembly, and the floating structures are anchored and moored. The technology provides higher gains in energy production, reduces water evaporation in water resources, and complements operations with hydroelectric power plants. The surging demand for power worldwide with increasing industrialization, coupled with private and public sector investments in renewable energy, drives the need for floating solar panels. On the other hand, cost-intensive deployment and maintenance and operational complexities in extreme weather conditions hinder market growth. However, the improvements in floating solar panel design and integration of AI and IoT technologies for maintenance and management are expected to proliferate their usage in the coming years.

In the Americas, particularly North America, the floating solar panels market has witnessed a positive growth trajectory in recent years due to the considerable investments in renewable energy and increasing deployment of floating solar projects in countries. South America also presents opportunities for floating solar panels, rising interest, and investments in floating solar farms with the entry of global players in the region. In the Asia-Pacific region, countries including Japan, China, India, and South Korea are emerging as frontrunners in adopting clean energy solutions that involve solar energy due to investments made by the private sector and initiatives launched by the regional governments. Moreover, the easy access to raw materials and advancements in floating solar technology with continuous research efforts support the market growth in the region. In the EMEA region, Europe is actively pursuing the installation of floating solar panels as a key strategy for achieving its ambitious low-carbon energy goals. The Middle East and Africa also hold potential for floating solar expansion due to their growing interest in sustainable energy solutions.

Market Segmentation & Coverage:

This research report categorizes the Floating Solar Panels Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Stationary Floating Solar Panels and Tracking Floating Solar Panels. The Stationary Floating Solar Panels commanded largest market share of 83.66% in 2022, followed by Tracking Floating Solar Panels.

Based on Component, market is studied across Cabling, Combine Box, Floaters, Mooring System, PV Modules, Transformer, and Transmission System. The PV Modules is further studied across Monocrystalline and Polycrystalline. The PV Modules commanded largest market share of 34.25% in 2022, followed by Combine Box.

Based on Capacity, market is studied across 1-50MW, Less than 1MW, and More than 50MW. The More than 50MW commanded largest market share of 70.57% in 2022, followed by 1-50MW.

Based on Deployment, market is studied across Off-Grid and On-Grid. The On-Grid commanded largest market share of 67.21% in 2022, followed by Off-Grid.

Based on Implementation, market is studied across Integrated and Standalone. The Integrated commanded largest market share of 85.77% in 2022, followed by Standalone.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, Massachusetts, New Jersey, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 40.14% in 2022, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Floating Solar Panels Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Floating Solar Panels Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Floating Solar Panels Market, highlighting leading vendors and their innovative profiles. These include Adani Green Energy Limited, Adtech Systems Limited, Ciel et Terre International SAS, EDF Renewables SA, First Solar, Inc, Hanwha Group, HelioRec S.A.S., Iberdrola, S.A., JA SOLAR Technology Co., Ltd., JinkoSolar Holding Co., Ltd., Kyocera Corporation, KYORAKU Co., Ltd., Larsen & Toubro Limited, LERRI Solar Technology Co., Ltd. by LONGi Green Energy Technology Co. Ltd., LG CNS Co., Ltd., Masdar, Nouria Energy Corporation, NRG ISLAND s.r.l., Ocean Sun AS, Pristine Sun LLC, Q ENERGY Solutions SE, REC Solar Holdings AS, RWE AG, Scotra Co., Ltd., SPG Solar, Inc., Sungrow Power Supply Co., Ltd., Swimsol GmbH, Tata Power Solar Systems Limited, The Sumitomo Mitsui Construction Company, Ltd., Trina Solar Co., Ltd., Vikram Solar Limited, Wuxi Suntech Power Co., Ltd., Xiamen Mibet New Energy Co., Ltd., and Yingli Energy Development Co., Ltd..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Floating Solar Panels Market, by Product
7. Floating Solar Panels Market, by Component
8. Floating Solar Panels Market, by Capacity
9. Floating Solar Panels Market, by Deployment
10. Floating Solar Panels Market, by Implementation
11. Americas Floating Solar Panels Market
12. Asia-Pacific Floating Solar Panels Market
13. Europe, Middle East & Africa Floating Solar Panels Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Floating Solar Panels Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Floating Solar Panels Market?
3. What is the competitive strategic window for opportunities in the Floating Solar Panels Market?
4. What are the technology trends and regulatory frameworks in the Floating Solar Panels Market?
5. What is the market share of the leading vendors in the Floating Solar Panels Market?
6. What modes and strategic moves are considered suitable for entering the Floating Solar Panels Market?

Read More @ https://www.360iresearch.com/library/intelligence/floating-solar-panels?utm_source=openpr&utm_medium=referral&utm_campaign=analyst

Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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