The global Floating Photovoltaics (FPV) market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.
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.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.38 GW.
Report includes an overview of the development of the Floating Photovoltaics (FPV) industry chain, the market status of Utility (PV Modules, Floating Body and Anchoring System), Residential & Commercial (PV Modules, Floating Body and Anchoring System), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Floating Photovoltaics (FPV).
Regionally, the report analyzes the Floating Photovoltaics (FPV) markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Floating Photovoltaics (FPV) market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Floating Photovoltaics (FPV) market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Floating Photovoltaics (FPV) industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., PV Modules, Floating Body and Anchoring System).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Floating Photovoltaics (FPV) market.
Regional Analysis: The report involves examining the Floating Photovoltaics (FPV) market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Floating Photovoltaics (FPV) market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Floating Photovoltaics (FPV):
Company Analysis: Report covers individual Floating Photovoltaics (FPV) players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Floating Photovoltaics (FPV) This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Utility, Residential & Commercial).
Technology Analysis: Report covers specific technologies relevant to Floating Photovoltaics (FPV). It assesses the current state, advancements, and potential future developments in Floating Photovoltaics (FPV) areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Floating Photovoltaics (FPV) market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Floating Photovoltaics (FPV) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Market segment by Type
PV Modules
Floating Body and Anchoring System
Inverter
Others
Market segment by Application
Utility
Residential & Commercial
Market segment by players, this report covers
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
Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Floating Photovoltaics (FPV) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Floating Photovoltaics (FPV), with revenue, gross margin and global market share of Floating Photovoltaics (FPV) from 2019 to 2024.
Chapter 3, the Floating Photovoltaics (FPV) competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Floating Photovoltaics (FPV) market forecast, by regions, type and application, with consumption value, from 2025 to 2030.
Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Floating Photovoltaics (FPV).
Chapter 13, to describe Floating Photovoltaics (FPV) research findings and conclusion.
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1 Market Overview
1.1 Product Overview and Scope of Floating Photovoltaics (FPV)
1.2 Market Estimation Caveats and Base Year
1.3 Classification of Floating Photovoltaics (FPV) by Type
1.3.1 Overview: Global Floating Photovoltaics (FPV) Market Size by Type: 2019 Versus 2023 Versus 2030
1.3.2 Global Floating Photovoltaics (FPV) Consumption Value Market Share by Type in 2023
1.3.3 PV Modules
1.3.4 Floating Body and Anchoring System
1.3.5 Inverter
1.3.6 Others
1.4 Global Floating Photovoltaics (FPV) Market by Application
1.4.1 Overview: Global Floating Photovoltaics (FPV) Market Size by Application: 2019 Versus 2023 Versus 2030
1.4.2 Utility
1.4.3 Residential & Commercial
1.5 Global Floating Photovoltaics (FPV) Market Size & Forecast
1.6 Global Floating Photovoltaics (FPV) Market Size and Forecast by Region
1.6.1 Global Floating Photovoltaics (FPV) Market Size by Region: 2019 VS 2023 VS 2030
1.6.2 Global Floating Photovoltaics (FPV) Market Size by Region, (2019-2030)
1.6.3 North America Floating Photovoltaics (FPV) Market Size and Prospect (2019-2030)
1.6.4 Europe Floating Photovoltaics (FPV) Market Size and Prospect (2019-2030)
1.6.5 Asia-Pacific Floating Photovoltaics (FPV) Market Size and Prospect (2019-2030)
1.6.6 South America Floating Photovoltaics (FPV) Market Size and Prospect (2019-2030)
1.6.7 Middle East and Africa Floating Photovoltaics (FPV) Market Size and Prospect (2019-2030)
2 Company Profiles
2.1 Sungrow
2.1.1 Sungrow Details
2.1.2 Sungrow Major Business
2.1.3 Sungrow Floating Photovoltaics (FPV) Product and Solutions
2.1.4 Sungrow Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
2.1.5 Sungrow Recent Developments and Future Plans
2.2 Ciel and Terre
2.2.1 Ciel and Terre Details
2.2.2 Ciel and Terre Major Business
2.2.3 Ciel and Terre Floating Photovoltaics (FPV) Product and Solutions
2.2.4 Ciel and Terre Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
2.2.5 Ciel and Terre Recent Developments and Future Plans
2.3 BayWa r.e.
2.3.1 BayWa r.e. Details
2.3.2 BayWa r.e. Major Business
2.3.3 BayWa r.e. Floating Photovoltaics (FPV) Product and Solutions
2.3.4 BayWa r.e. Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
2.3.5 BayWa r.e. Recent Developments and Future Plans
2.4 LS Electric Co., Ltd.
2.4.1 LS Electric Co., Ltd. Details
2.4.2 LS Electric Co., Ltd. Major Business
2.4.3 LS Electric Co., Ltd. Floating Photovoltaics (FPV) Product and Solutions
2.4.4 LS Electric Co., Ltd. Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
2.4.5 LS Electric Co., Ltd. Recent Developments and Future Plans
2.5 Trina Solar
2.5.1 Trina Solar Details
2.5.2 Trina Solar Major Business
2.5.3 Trina Solar Floating Photovoltaics (FPV) Product and Solutions
2.5.4 Trina Solar Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
2.5.5 Trina Solar Recent Developments and Future Plans
2.6 Ocean Sun
2.6.1 Ocean Sun Details
2.6.2 Ocean Sun Major Business
2.6.3 Ocean Sun Floating Photovoltaics (FPV) Product and Solutions
2.6.4 Ocean Sun Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
2.6.5 Ocean Sun Recent Developments and Future Plans
2.7 Adtech Systems
2.7.1 Adtech Systems Details
2.7.2 Adtech Systems Major Business
2.7.3 Adtech Systems Floating Photovoltaics (FPV) Product and Solutions
2.7.4 Adtech Systems Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
2.7.5 Adtech Systems Recent Developments and Future Plans
2.8 Waaree Energies Ltd
2.8.1 Waaree Energies Ltd Details
2.8.2 Waaree Energies Ltd Major Business
2.8.3 Waaree Energies Ltd Floating Photovoltaics (FPV) Product and Solutions
2.8.4 Waaree Energies Ltd Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
2.8.5 Waaree Energies Ltd Recent Developments and Future Plans
2.9 Isigenere (Isifloating)
2.9.1 Isigenere (Isifloating) Details
2.9.2 Isigenere (Isifloating) Major Business
2.9.3 Isigenere (Isifloating) Floating Photovoltaics (FPV) Product and Solutions
2.9.4 Isigenere (Isifloating) Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
2.9.5 Isigenere (Isifloating) Recent Developments and Future Plans
2.10 Swimsol
2.10.1 Swimsol Details
2.10.2 Swimsol Major Business
2.10.3 Swimsol Floating Photovoltaics (FPV) Product and Solutions
2.10.4 Swimsol Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
2.10.5 Swimsol Recent Developments and Future Plans
2.11 Yellow Tropus
2.11.1 Yellow Tropus Details
2.11.2 Yellow Tropus Major Business
2.11.3 Yellow Tropus Floating Photovoltaics (FPV) Product and Solutions
2.11.4 Yellow Tropus Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
2.11.5 Yellow Tropus Recent Developments and Future Plans
3 Market Competition, by Players
3.1 Global Floating Photovoltaics (FPV) Revenue and Share by Players (2019-2024)
3.2 Market Share Analysis (2023)
3.2.1 Market Share of Floating Photovoltaics (FPV) by Company Revenue
3.2.2 Top 3 Floating Photovoltaics (FPV) Players Market Share in 2023
3.2.3 Top 6 Floating Photovoltaics (FPV) Players Market Share in 2023
3.3 Floating Photovoltaics (FPV) Market: Overall Company Footprint Analysis
3.3.1 Floating Photovoltaics (FPV) Market: Region Footprint
3.3.2 Floating Photovoltaics (FPV) Market: Company Product Type Footprint
3.3.3 Floating Photovoltaics (FPV) Market: Company Product Application Footprint
3.4 New Market Entrants and Barriers to Market Entry
3.5 Mergers, Acquisition, Agreements, and Collaborations
4 Market Size Segment by Type
4.1 Global Floating Photovoltaics (FPV) Consumption Value and Market Share by Type (2019-2024)
4.2 Global Floating Photovoltaics (FPV) Market Forecast by Type (2025-2030)
5 Market Size Segment by Application
5.1 Global Floating Photovoltaics (FPV) Consumption Value Market Share by Application (2019-2024)
5.2 Global Floating Photovoltaics (FPV) Market Forecast by Application (2025-2030)
6 North America
6.1 North America Floating Photovoltaics (FPV) Consumption Value by Type (2019-2030)
6.2 North America Floating Photovoltaics (FPV) Consumption Value by Application (2019-2030)
6.3 North America Floating Photovoltaics (FPV) Market Size by Country
6.3.1 North America Floating Photovoltaics (FPV) Consumption Value by Country (2019-2030)
6.3.2 United States Floating Photovoltaics (FPV) Market Size and Forecast (2019-2030)
6.3.3 Canada Floating Photovoltaics (FPV) Market Size and Forecast (2019-2030)
6.3.4 Mexico Floating Photovoltaics (FPV) Market Size and Forecast (2019-2030)
7 Europe
7.1 Europe Floating Photovoltaics (FPV) Consumption Value by Type (2019-2030)
7.2 Europe Floating Photovoltaics (FPV) Consumption Value by Application (2019-2030)
7.3 Europe Floating Photovoltaics (FPV) Market Size by Country
7.3.1 Europe Floating Photovoltaics (FPV) Consumption Value by Country (2019-2030)
7.3.2 Germany Floating Photovoltaics (FPV) Market Size and Forecast (2019-2030)
7.3.3 France Floating Photovoltaics (FPV) Market Size and Forecast (2019-2030)
7.3.4 United Kingdom Floating Photovoltaics (FPV) Market Size and Forecast (2019-2030)
7.3.5 Russia Floating Photovoltaics (FPV) Market Size and Forecast (2019-2030)
7.3.6 Italy Floating Photovoltaics (FPV) Market Size and Forecast (2019-2030)
8 Asia-Pacific
8.1 Asia-Pacific Floating Photovoltaics (FPV) Consumption Value by Type (2019-2030)
8.2 Asia-Pacific Floating Photovoltaics (FPV) Consumption Value by Application (2019-2030)
8.3 Asia-Pacific Floating Photovoltaics (FPV) Market Size by Region
8.3.1 Asia-Pacific Floating Photovoltaics (FPV) Consumption Value by Region (2019-2030)
8.3.2 China Floating Photovoltaics (FPV) Market Size and Forecast (2019-2030)
8.3.3 Japan Floating Photovoltaics (FPV) Market Size and Forecast (2019-2030)
8.3.4 South Korea Floating Photovoltaics (FPV) Market Size and Forecast (2019-2030)
8.3.5 India Floating Photovoltaics (FPV) Market Size and Forecast (2019-2030)
8.3.6 Southeast Asia Floating Photovoltaics (FPV) Market Size and Forecast (2019-2030)
8.3.7 Australia Floating Photovoltaics (FPV) Market Size and Forecast (2019-2030)
9 South America
9.1 South America Floating Photovoltaics (FPV) Consumption Value by Type (2019-2030)
9.2 South America Floating Photovoltaics (FPV) Consumption Value by Application (2019-2030)
9.3 South America Floating Photovoltaics (FPV) Market Size by Country
9.3.1 South America Floating Photovoltaics (FPV) Consumption Value by Country (2019-2030)
9.3.2 Brazil Floating Photovoltaics (FPV) Market Size and Forecast (2019-2030)
9.3.3 Argentina Floating Photovoltaics (FPV) Market Size and Forecast (2019-2030)
10 Middle East & Africa
10.1 Middle East & Africa Floating Photovoltaics (FPV) Consumption Value by Type (2019-2030)
10.2 Middle East & Africa Floating Photovoltaics (FPV) Consumption Value by Application (2019-2030)
10.3 Middle East & Africa Floating Photovoltaics (FPV) Market Size by Country
10.3.1 Middle East & Africa Floating Photovoltaics (FPV) Consumption Value by Country (2019-2030)
10.3.2 Turkey Floating Photovoltaics (FPV) Market Size and Forecast (2019-2030)
10.3.3 Saudi Arabia Floating Photovoltaics (FPV) Market Size and Forecast (2019-2030)
10.3.4 UAE Floating Photovoltaics (FPV) Market Size and Forecast (2019-2030)
11 Market Dynamics
11.1 Floating Photovoltaics (FPV) Market Drivers
11.2 Floating Photovoltaics (FPV) Market Restraints
11.3 Floating Photovoltaics (FPV) Trends Analysis
11.4 Porters Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
12 Industry Chain Analysis
12.1 Floating Photovoltaics (FPV) Industry Chain
12.2 Floating Photovoltaics (FPV) Upstream Analysis
12.3 Floating Photovoltaics (FPV) Midstream Analysis
12.4 Floating Photovoltaics (FPV) Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer
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
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*If Applicable.
