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Synopsis
Floating solar or floating photovoltaics (FPV), sometimes called floatovoltaics, is solar panels mounted on a structure that floats on a body of water, typically a reservoir or a lake. Floating solar systems help landowners benefit from otherwise underused bodies of water, such as coal quarries, mineral extraction pits or reservoirs. As opposed to conventional rooftop solar panels, floating ones perform between 5% to 15% better because of the cooling effect of the water, and are not impacted by shading from other buildings.
The global Floating Solar System market was valued at US$ 260.6 million in 2023 and is anticipated to reach US$ 790.1 million by 2030, witnessing a CAGR of 14.8% during the forecast period 2024-2030.
Global key floating solar system players include Sungrow, Ciel and Terre and BayWa r.e. etc. The top 3 companies hold a share about 59%.
Asia-Pacific is the largest market with a share about 81%, followed by Europe and South America.
In terms of product, PV Modules is the largest segment with a share about 44%. And in terms of applications, the largest application is utility with a share about 87%.
This report aims to provide a comprehensive presentation of the global market for Floating Solar System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Floating Solar System.
Report Scope
The Floating Solar System market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Floating Solar System market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Floating Solar System companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
- Sungrow
- Ciel and Terre
- BayWa r.e.
- LS Electric Co., Ltd.
- Trina Solar
- Ocean Sun
- Adtech Systems
- Waaree Energies Ltd
- Isigenere (Isifloating)
- Swimsol
- Yellow Tropus
Segment by Type
- PV Modules
- Floating Body and Anchoring System
- Inverter
- Others
Segment by Application
- Utility
- Residential & Commercial
By Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Netherlands)
- Asia-Pacific (China, Japan, South Korea, China Taiwan, Southeast Asia, India)
- Latin America, Middle East & Africa (Latin America, Mexico, Brazil, Turkey)
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Floating Solar System companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Floating Solar System Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 PV Modules
1.2.3 Floating Body and Anchoring System
1.2.4 Inverter
1.2.5 Others
1.3 Market by Application
1.3.1 Global Floating Solar System Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Utility
1.3.3 Residential & Commercial
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Floating Solar System Market Perspective (2019-2030)
2.2 Floating Solar System Growth Trends by Region
2.2.1 Global Floating Solar System Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Floating Solar System Historic Market Size by Region (2019-2024)
2.2.3 Floating Solar System Forecasted Market Size by Region (2025-2030)
2.3 Floating Solar System Market Dynamics
2.3.1 Floating Solar System Industry Trends
2.3.2 Floating Solar System Market Drivers
2.3.3 Floating Solar System Market Challenges
2.3.4 Floating Solar System Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Floating Solar System Players by Revenue
3.1.1 Global Top Floating Solar System Players by Revenue (2019-2024)
3.1.2 Global Floating Solar System Revenue Market Share by Players (2019-2024)
3.2 Global Floating Solar System Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Floating Solar System Revenue
3.4 Global Floating Solar System Market Concentration Ratio
3.4.1 Global Floating Solar System Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Floating Solar System Revenue in 2023
3.5 Floating Solar System Key Players Head office and Area Served
3.6 Key Players Floating Solar System Product Solution and Service
3.7 Date of Enter into Floating Solar System Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Floating Solar System Breakdown Data by Type
4.1 Global Floating Solar System Historic Market Size by Type (2019-2024)
4.2 Global Floating Solar System Forecasted Market Size by Type (2025-2030)
5 Floating Solar System Breakdown Data by Application
5.1 Global Floating Solar System Historic Market Size by Application (2019-2024)
5.2 Global Floating Solar System Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Floating Solar System Market Size (2019-2030)
6.2 North America Floating Solar System Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Floating Solar System Market Size by Country (2019-2024)
6.4 North America Floating Solar System Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Floating Solar System Market Size (2019-2030)
7.2 Europe Floating Solar System Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Floating Solar System Market Size by Country (2019-2024)
7.4 Europe Floating Solar System Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Floating Solar System Market Size (2019-2030)
8.2 Asia-Pacific Floating Solar System Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Floating Solar System Market Size by Region (2019-2024)
8.4 Asia-Pacific Floating Solar System Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Floating Solar System Market Size (2019-2030)
9.2 Latin America Floating Solar System Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Floating Solar System Market Size by Country (2019-2024)
9.4 Latin America Floating Solar System Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Floating Solar System Market Size (2019-2030)
10.2 Middle East & Africa Floating Solar System Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Floating Solar System Market Size by Country (2019-2024)
10.4 Middle East & Africa Floating Solar System Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Sungrow
11.1.1 Sungrow Company Detail
11.1.2 Sungrow Business Overview
11.1.3 Sungrow Floating Solar System Introduction
11.1.4 Sungrow Revenue in Floating Solar System Business (2019-2024)
11.1.5 Sungrow Recent Development
11.2 Ciel and Terre
11.2.1 Ciel and Terre Company Detail
11.2.2 Ciel and Terre Business Overview
11.2.3 Ciel and Terre Floating Solar System Introduction
11.2.4 Ciel and Terre Revenue in Floating Solar System Business (2019-2024)
11.2.5 Ciel and Terre Recent Development
11.3 BayWa r.e.
11.3.1 BayWa r.e. Company Detail
11.3.2 BayWa r.e. Business Overview
11.3.3 BayWa r.e. Floating Solar System Introduction
11.3.4 BayWa r.e. Revenue in Floating Solar System Business (2019-2024)
11.3.5 BayWa r.e. Recent Development
11.4 LS Electric Co., Ltd.
11.4.1 LS Electric Co., Ltd. Company Detail
11.4.2 LS Electric Co., Ltd. Business Overview
11.4.3 LS Electric Co., Ltd. Floating Solar System Introduction
11.4.4 LS Electric Co., Ltd. Revenue in Floating Solar System Business (2019-2024)
11.4.5 LS Electric Co., Ltd. Recent Development
11.5 Trina Solar
11.5.1 Trina Solar Company Detail
11.5.2 Trina Solar Business Overview
11.5.3 Trina Solar Floating Solar System Introduction
11.5.4 Trina Solar Revenue in Floating Solar System Business (2019-2024)
11.5.5 Trina Solar Recent Development
11.6 Ocean Sun
11.6.1 Ocean Sun Company Detail
11.6.2 Ocean Sun Business Overview
11.6.3 Ocean Sun Floating Solar System Introduction
11.6.4 Ocean Sun Revenue in Floating Solar System Business (2019-2024)
11.6.5 Ocean Sun Recent Development
11.7 Adtech Systems
11.7.1 Adtech Systems Company Detail
11.7.2 Adtech Systems Business Overview
11.7.3 Adtech Systems Floating Solar System Introduction
11.7.4 Adtech Systems Revenue in Floating Solar System Business (2019-2024)
11.7.5 Adtech Systems Recent Development
11.8 Waaree Energies Ltd
11.8.1 Waaree Energies Ltd Company Detail
11.8.2 Waaree Energies Ltd Business Overview
11.8.3 Waaree Energies Ltd Floating Solar System Introduction
11.8.4 Waaree Energies Ltd Revenue in Floating Solar System Business (2019-2024)
11.8.5 Waaree Energies Ltd Recent Development
11.9 Isigenere (Isifloating)
11.9.1 Isigenere (Isifloating) Company Detail
11.9.2 Isigenere (Isifloating) Business Overview
11.9.3 Isigenere (Isifloating) Floating Solar System Introduction
11.9.4 Isigenere (Isifloating) Revenue in Floating Solar System Business (2019-2024)
11.9.5 Isigenere (Isifloating) Recent Development
11.10 Swimsol
11.10.1 Swimsol Company Detail
11.10.2 Swimsol Business Overview
11.10.3 Swimsol Floating Solar System Introduction
11.10.4 Swimsol Revenue in Floating Solar System Business (2019-2024)
11.10.5 Swimsol Recent Development
11.11 Yellow Tropus
11.11.1 Yellow Tropus Company Detail
11.11.2 Yellow Tropus Business Overview
11.11.3 Yellow Tropus Floating Solar System Introduction
11.11.4 Yellow Tropus Revenue in Floating Solar System Business (2019-2024)
11.11.5 Yellow Tropus Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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