Floating Solar Panels Market by Size, Share, Forecast, & Trends
" Floating Solar Panels Market research report gives methodical idea about the current scenario of the global market, recent developments, product launches, joint ventures, capacity, production value, mergers and acquisitions based on several market dynamics. The report assists in determining and optimizing each stage in the lifecycle of industrial process that includes engagement, acquisition, retention, and monetization. Moreover, Floating Solar Panels Market business report offers advanced information and scenario about the Floating Solar Panels Market industry which helps to stand apart in the competition in this fast paced business environment. Additionally, businesses can make out the response of the consumers to an already existing product in the market.
To get thorough knowledge of market, Floating Solar Panels Market report has turned out as a transparent, wide-ranging and supreme in quality. A market research study of this report help businesses in gaining knowledge about what is already there in the market, what market looks forward to, the competitive background and steps to take up to outshine the rivals. What is more, this market research report also provides a careful investigation of the current state of the market which covers several market dynamics. An influential Floating Solar Panels Market document performs research and analysis of data relevant to Market problem.
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Floating Solar Panels Market Analysis and Size
The floating use of solar panels as an advantageous and affordable replacement for photovoltaic systems installed on land has recently gained attention. Throughout the forecast period, solar-tracking floating solar panels, a new technology, is expected to gain market value in the global floating solar panel market. Photovoltaic systems that are fixed to the ground and rotate in sync with the sun are stationary floating solar panels. Compared to other solar panel systems, they are more effective, durable, and inexpensive to maintain. The system consists of rigid steel or concrete platforms supported by crystalline silicon photovoltaic modules.
Data Bridge Market Research analyses that the floating solar panels market, valued at USD 39.98 million in 2022, will reach USD 381.58 million by 2030, growing at a CAGR of 32.57% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Floating Solar Panels Market Scope and Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2023 to 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customizable to 2015 - 2020) |
Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered | By Product Type (Tracking Floating Solar Panels, Stationary Floating Solar Panels), Capacity (Up to 500KW, 500kw to 1MW, 1mw to 3MW, Greater than 3MW), Connectivity (On Grid, Off Grid), Location (Onshore, Offshore), Technology (Photovoltaic, Concentrated Solar Power (CSP), Concentrator Photovoltaics (CPV)), Panel Type (Mono- crystalline, Poly-crystalline, Thin film) |
Countries Covered | U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa |
Market Players Covered | Ciel et Terre International (France), Hanwha Group. (South Korea), JA SOLAR Technology Co., Ltd. (China), KYOCERA Corporation (Japan), LONGi (China), Trina Solar (China), VIKRAM SOLAR LTD. (U.S.), Wuxi Suntech Power Co., Ltd. (China), Yingli Solar (China), Satkar Softwares Solutions Pvt. Ltd. (India), Baroda Polyform Pvt Ltd. (India), ADTECH Systems (India), Waaree Energies Ltd. (India), Jain Irrigation Systems Ltd. (India), SHARP CORPORATION (Japan) |
Market Opportunities |
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Market Definition
A floating solar power plant is a collection of photovoltaic solar panels made on structure that floats on a body of water, generally a lake or reservoir. Floating solar panels have grown because they are a novel, affordable, and dependable renewable solution for utilizing the new water surface of reservoirs or lakes to produce renewable solar power. Floating solar panels are installed on bodies of water such as irrigation ponds, reservoirs, lakes, canals, and the ocean. It is a novel method for harnessing the water surface on reservoirs, dams and other bodies of water to produce solar energy
Floating Solar Panels Market Dynamics
Drivers
- Water savings boost market growth for floating solar panels from a reduction in evaporation losses
The system can reduce evaporation losses by up to 70% and provides shade to protect the water from direct sunlight. The international journal for innovative research in science and technology recently published a study on the potential of floating solar photovoltaics in large reservoirs. Installing floating solar panels in a reservoir can reduce annual water evaporation losses by an average of 1250 million liters per square km, or about 4 million gallons per acre. By obstructing sunlight, which is necessary for photosynthesis and promotes the growth of algae in the water, floating solar systems also aid in improving water quality. As a result, shading the water in reservoirs slows algae growth. This lowers the expense of labor and related medical care and creates growth in floating solar panel demand.
- Manufacturers will benefit from the high demand for stationary floating solar panels
The market size for floating solar panels is expected to increase through the growth of the stationary floating solar panel market. Static floating solar PV systems are set up on the water's surface. The entire system is made up of several cables, aluminum solar panel frames, and inventors. The tilt angle of the panels in a stationary floating solar system is fixed. The efficiency of stationary panels only needs periodic inspection and minimal maintenance. Compared to mobile or tracking solar panels, stationary systems are generally less expensive. Numerous large-scale projects have been proposed to guarantee the market for floating solar panels has a promising future. Solar tracking floating and stationary solar panels have different total capital and operating costs. The availability of stationary panels has increased demand for these panels, which has further benefited the manufacturers to create the panels.
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The floating solar panels market is segmented on the basis of product type, capacity, connectivity, location and technology. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Tracking Floating Solar Panels
- Stationary Floating Solar Panels
Capacity
- Up to 500KW
- 500kw to 1MW
- 1mw to 3MW
- Greater than 3MW
Connectivity
- On Grid
- Off Grid
Location
- Onshore
- Offshore
Technology
- Photovoltaic
- Concentrated Solar Power (CSP)
- Concentrator Photovoltaics (CPV)
Panel Type
- Mono- crystalline
- Poly-crystalline
- Thin film
Table of Contents for a Floating Solar Panels Market Research Article:
- Introduction
- Background and Overview
- Objective of the Study
- Scope of the Floating Solar Panels Market Research
- Methodology
- Data Collection
- Data Analysis
- Research Approach
- Sampling Techniques
- Research Instruments
- Executive Summary
- Key Findings
- Floating Solar Panels Market Overview
- Floating Solar Panels Market Trends and Insights
- Floating Solar Panels Market Overview
- Floating Solar Panels Market Definition
- Floating Solar Panels Market Segmentation
- Floating Solar Panels Market Size and Growth Rate
- Floating Solar Panels Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porter's Five Forces Analysis
- Floating Solar Panels Market Trends and Insights
- Emerging Technologies
- Consumer Behavior and Preferences
- Regulatory Landscape
- Competitive Analysis
- Floating Solar Panels Market Segmentation
- Product Type
- Application
- Region
- End-User
- Other Relevant Segments
- Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Competitive Landscape
- Floating Solar Panels Market Share Analysis
- Key Players Profiles
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments
Download the Complete Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-floating-solar-panels-market
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