
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 size was valued at US$ 355 million in 2023 and is forecast to a readjusted size of USD 905 million by 2030 with a CAGR of 14.4% during review period.
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 is a detailed and comprehensive analysis for global Floating Solar System market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.
Key Features:
Global Floating Solar System market size and forecasts, in consumption value ($ Million), 2019-2030
Global Floating Solar System market size and forecasts by region and country, in consumption value ($ Million), 2019-2030
Global Floating Solar System market size and forecasts, by Type and by Application, in consumption value ($ Million), 2019-2030
Global Floating Solar System market shares of main players, in revenue ($ Million), 2019-2024
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Floating Solar System
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Floating Solar System market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Sungrow, Ciel and Terre, BayWa r.e., LS Electric Co., Ltd., Trina Solar, Ocean Sun, Adtech Systems, Waaree Energies Ltd, Isigenere (Isifloating), Swimsol, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Floating Solar System 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. This analysis can help you expand your business by targeting qualified niche markets.
Market segmentation
Floating Solar System market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
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 and Rest of Asia-Pacific)
South America (Brazil, 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 Solar System product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Floating Solar System, with revenue, gross margin, and global market share of Floating Solar System from 2019 to 2024.
Chapter 3, the Floating Solar System 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 by Application, with consumption value and growth rate by Type, by 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 Solar System market forecast, by regions, by Type and by Application, with consumption value, from 2024 to 2030.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Floating Solar System.
Chapter 13, to describe Floating Solar System research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Classification of Floating Solar System by Type
1.3.1 Overview: Global Floating Solar System Market Size by Type: 2019 Versus 2023 Versus 2030
1.3.2 Global Floating Solar System 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 Solar System Market by Application
1.4.1 Overview: Global Floating Solar System Market Size by Application: 2019 Versus 2023 Versus 2030
1.4.2 Utility
1.4.3 Residential & Commercial
1.5 Global Floating Solar System Market Size & Forecast
1.6 Global Floating Solar System Market Size and Forecast by Region
1.6.1 Global Floating Solar System Market Size by Region: 2019 VS 2023 VS 2030
1.6.2 Global Floating Solar System Market Size by Region, (2019-2030)
1.6.3 North America Floating Solar System Market Size and Prospect (2019-2030)
1.6.4 Europe Floating Solar System Market Size and Prospect (2019-2030)
1.6.5 Asia-Pacific Floating Solar System Market Size and Prospect (2019-2030)
1.6.6 South America Floating Solar System Market Size and Prospect (2019-2030)
1.6.7 Middle East & Africa Floating Solar System 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 Solar System Product and Solutions
2.1.4 Sungrow Floating Solar System 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 Solar System Product and Solutions
2.2.4 Ciel and Terre Floating Solar System 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 Solar System Product and Solutions
2.3.4 BayWa r.e. Floating Solar System 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 Solar System Product and Solutions
2.4.4 LS Electric Co., Ltd. Floating Solar System 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 Solar System Product and Solutions
2.5.4 Trina Solar Floating Solar System 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 Solar System Product and Solutions
2.6.4 Ocean Sun Floating Solar System 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 Solar System Product and Solutions
2.7.4 Adtech Systems Floating Solar System 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 Solar System Product and Solutions
2.8.4 Waaree Energies Ltd Floating Solar System 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 Solar System Product and Solutions
2.9.4 Isigenere (Isifloating) Floating Solar System 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 Solar System Product and Solutions
2.10.4 Swimsol Floating Solar System 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 Solar System Product and Solutions
2.11.4 Yellow Tropus Floating Solar System 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 Solar System Revenue and Share by Players (2019-2024)
3.2 Market Share Analysis (2023)
3.2.1 Market Share of Floating Solar System by Company Revenue
3.2.2 Top 3 Floating Solar System Players Market Share in 2023
3.2.3 Top 6 Floating Solar System Players Market Share in 2023
3.3 Floating Solar System Market: Overall Company Footprint Analysis
3.3.1 Floating Solar System Market: Region Footprint
3.3.2 Floating Solar System Market: Company Product Type Footprint
3.3.3 Floating Solar System 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 Solar System Consumption Value and Market Share by Type (2019-2024)
4.2 Global Floating Solar System Market Forecast by Type (2025-2030)
5 Market Size Segment by Application
5.1 Global Floating Solar System Consumption Value Market Share by Application (2019-2024)
5.2 Global Floating Solar System Market Forecast by Application (2025-2030)
6 North America
6.1 North America Floating Solar System Consumption Value by Type (2019-2030)
6.2 North America Floating Solar System Market Size by Application (2019-2030)
6.3 North America Floating Solar System Market Size by Country
6.3.1 North America Floating Solar System Consumption Value by Country (2019-2030)
6.3.2 United States Floating Solar System Market Size and Forecast (2019-2030)
6.3.3 Canada Floating Solar System Market Size and Forecast (2019-2030)
6.3.4 Mexico Floating Solar System Market Size and Forecast (2019-2030)
7 Europe
7.1 Europe Floating Solar System Consumption Value by Type (2019-2030)
7.2 Europe Floating Solar System Consumption Value by Application (2019-2030)
7.3 Europe Floating Solar System Market Size by Country
7.3.1 Europe Floating Solar System Consumption Value by Country (2019-2030)
7.3.2 Germany Floating Solar System Market Size and Forecast (2019-2030)
7.3.3 France Floating Solar System Market Size and Forecast (2019-2030)
7.3.4 United Kingdom Floating Solar System Market Size and Forecast (2019-2030)
7.3.5 Russia Floating Solar System Market Size and Forecast (2019-2030)
7.3.6 Italy Floating Solar System Market Size and Forecast (2019-2030)
8 Asia-Pacific
8.1 Asia-Pacific Floating Solar System Consumption Value by Type (2019-2030)
8.2 Asia-Pacific Floating Solar System Consumption Value by Application (2019-2030)
8.3 Asia-Pacific Floating Solar System Market Size by Region
8.3.1 Asia-Pacific Floating Solar System Consumption Value by Region (2019-2030)
8.3.2 China Floating Solar System Market Size and Forecast (2019-2030)
8.3.3 Japan Floating Solar System Market Size and Forecast (2019-2030)
8.3.4 South Korea Floating Solar System Market Size and Forecast (2019-2030)
8.3.5 India Floating Solar System Market Size and Forecast (2019-2030)
8.3.6 Southeast Asia Floating Solar System Market Size and Forecast (2019-2030)
8.3.7 Australia Floating Solar System Market Size and Forecast (2019-2030)
9 South America
9.1 South America Floating Solar System Consumption Value by Type (2019-2030)
9.2 South America Floating Solar System Consumption Value by Application (2019-2030)
9.3 South America Floating Solar System Market Size by Country
9.3.1 South America Floating Solar System Consumption Value by Country (2019-2030)
9.3.2 Brazil Floating Solar System Market Size and Forecast (2019-2030)
9.3.3 Argentina Floating Solar System Market Size and Forecast (2019-2030)
10 Middle East & Africa
10.1 Middle East & Africa Floating Solar System Consumption Value by Type (2019-2030)
10.2 Middle East & Africa Floating Solar System Consumption Value by Application (2019-2030)
10.3 Middle East & Africa Floating Solar System Market Size by Country
10.3.1 Middle East & Africa Floating Solar System Consumption Value by Country (2019-2030)
10.3.2 Turkey Floating Solar System Market Size and Forecast (2019-2030)
10.3.3 Saudi Arabia Floating Solar System Market Size and Forecast (2019-2030)
10.3.4 UAE Floating Solar System Market Size and Forecast (2019-2030)
11 Market Dynamics
11.1 Floating Solar System Market Drivers
11.2 Floating Solar System Market Restraints
11.3 Floating Solar System 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 Solar System Industry Chain
12.2 Floating Solar System Upstream Analysis
12.3 Floating Solar System Midstream Analysis
12.4 Floating Solar System 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
Ìý
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*If Applicable.
