The global Floatovoltaics 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.
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.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.43 GW.
Report includes an overview of the development of the Floatovoltaics 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 Floatovoltaics.
Regionally, the report analyzes the Floatovoltaics 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 Floatovoltaics market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Floatovoltaics 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 Floatovoltaics 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 Floatovoltaics market.
Regional Analysis: The report involves examining the Floatovoltaics 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 Floatovoltaics market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Floatovoltaics:
Company Analysis: Report covers individual Floatovoltaics 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 Floatovoltaics 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 Floatovoltaics. It assesses the current state, advancements, and potential future developments in Floatovoltaics areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Floatovoltaics 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
Floatovoltaics 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 Floatovoltaics product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Floatovoltaics, with revenue, gross margin and global market share of Floatovoltaics from 2019 to 2024.
Chapter 3, the Floatovoltaics 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 Floatovoltaics 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 Floatovoltaics.
Chapter 13, to describe Floatovoltaics research findings and conclusion.
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1 Market Overview
1.1 Product Overview and Scope of Floatovoltaics
1.2 Market Estimation Caveats and Base Year
1.3 Classification of Floatovoltaics by Type
1.3.1 Overview: Global Floatovoltaics Market Size by Type: 2019 Versus 2023 Versus 2030
1.3.2 Global Floatovoltaics 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 Floatovoltaics Market by Application
1.4.1 Overview: Global Floatovoltaics Market Size by Application: 2019 Versus 2023 Versus 2030
1.4.2 Utility
1.4.3 Residential & Commercial
1.5 Global Floatovoltaics Market Size & Forecast
1.6 Global Floatovoltaics Market Size and Forecast by Region
1.6.1 Global Floatovoltaics Market Size by Region: 2019 VS 2023 VS 2030
1.6.2 Global Floatovoltaics Market Size by Region, (2019-2030)
1.6.3 North America Floatovoltaics Market Size and Prospect (2019-2030)
1.6.4 Europe Floatovoltaics Market Size and Prospect (2019-2030)
1.6.5 Asia-Pacific Floatovoltaics Market Size and Prospect (2019-2030)
1.6.6 South America Floatovoltaics Market Size and Prospect (2019-2030)
1.6.7 Middle East and Africa Floatovoltaics 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 Floatovoltaics Product and Solutions
2.1.4 Sungrow Floatovoltaics 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 Floatovoltaics Product and Solutions
2.2.4 Ciel and Terre Floatovoltaics 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. Floatovoltaics Product and Solutions
2.3.4 BayWa r.e. Floatovoltaics 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. Floatovoltaics Product and Solutions
2.4.4 LS Electric Co., Ltd. Floatovoltaics 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 Floatovoltaics Product and Solutions
2.5.4 Trina Solar Floatovoltaics 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 Floatovoltaics Product and Solutions
2.6.4 Ocean Sun Floatovoltaics 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 Floatovoltaics Product and Solutions
2.7.4 Adtech Systems Floatovoltaics 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 Floatovoltaics Product and Solutions
2.8.4 Waaree Energies Ltd Floatovoltaics 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) Floatovoltaics Product and Solutions
2.9.4 Isigenere (Isifloating) Floatovoltaics 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 Floatovoltaics Product and Solutions
2.10.4 Swimsol Floatovoltaics 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 Floatovoltaics Product and Solutions
2.11.4 Yellow Tropus Floatovoltaics 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 Floatovoltaics Revenue and Share by Players (2019-2024)
3.2 Market Share Analysis (2023)
3.2.1 Market Share of Floatovoltaics by Company Revenue
3.2.2 Top 3 Floatovoltaics Players Market Share in 2023
3.2.3 Top 6 Floatovoltaics Players Market Share in 2023
3.3 Floatovoltaics Market: Overall Company Footprint Analysis
3.3.1 Floatovoltaics Market: Region Footprint
3.3.2 Floatovoltaics Market: Company Product Type Footprint
3.3.3 Floatovoltaics 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 Floatovoltaics Consumption Value and Market Share by Type (2019-2024)
4.2 Global Floatovoltaics Market Forecast by Type (2025-2030)
5 Market Size Segment by Application
5.1 Global Floatovoltaics Consumption Value Market Share by Application (2019-2024)
5.2 Global Floatovoltaics Market Forecast by Application (2025-2030)
6 North America
6.1 North America Floatovoltaics Consumption Value by Type (2019-2030)
6.2 North America Floatovoltaics Consumption Value by Application (2019-2030)
6.3 North America Floatovoltaics Market Size by Country
6.3.1 North America Floatovoltaics Consumption Value by Country (2019-2030)
6.3.2 United States Floatovoltaics Market Size and Forecast (2019-2030)
6.3.3 Canada Floatovoltaics Market Size and Forecast (2019-2030)
6.3.4 Mexico Floatovoltaics Market Size and Forecast (2019-2030)
7 Europe
7.1 Europe Floatovoltaics Consumption Value by Type (2019-2030)
7.2 Europe Floatovoltaics Consumption Value by Application (2019-2030)
7.3 Europe Floatovoltaics Market Size by Country
7.3.1 Europe Floatovoltaics Consumption Value by Country (2019-2030)
7.3.2 Germany Floatovoltaics Market Size and Forecast (2019-2030)
7.3.3 France Floatovoltaics Market Size and Forecast (2019-2030)
7.3.4 United Kingdom Floatovoltaics Market Size and Forecast (2019-2030)
7.3.5 Russia Floatovoltaics Market Size and Forecast (2019-2030)
7.3.6 Italy Floatovoltaics Market Size and Forecast (2019-2030)
8 Asia-Pacific
8.1 Asia-Pacific Floatovoltaics Consumption Value by Type (2019-2030)
8.2 Asia-Pacific Floatovoltaics Consumption Value by Application (2019-2030)
8.3 Asia-Pacific Floatovoltaics Market Size by Region
8.3.1 Asia-Pacific Floatovoltaics Consumption Value by Region (2019-2030)
8.3.2 China Floatovoltaics Market Size and Forecast (2019-2030)
8.3.3 Japan Floatovoltaics Market Size and Forecast (2019-2030)
8.3.4 South Korea Floatovoltaics Market Size and Forecast (2019-2030)
8.3.5 India Floatovoltaics Market Size and Forecast (2019-2030)
8.3.6 Southeast Asia Floatovoltaics Market Size and Forecast (2019-2030)
8.3.7 Australia Floatovoltaics Market Size and Forecast (2019-2030)
9 South America
9.1 South America Floatovoltaics Consumption Value by Type (2019-2030)
9.2 South America Floatovoltaics Consumption Value by Application (2019-2030)
9.3 South America Floatovoltaics Market Size by Country
9.3.1 South America Floatovoltaics Consumption Value by Country (2019-2030)
9.3.2 Brazil Floatovoltaics Market Size and Forecast (2019-2030)
9.3.3 Argentina Floatovoltaics Market Size and Forecast (2019-2030)
10 Middle East & Africa
10.1 Middle East & Africa Floatovoltaics Consumption Value by Type (2019-2030)
10.2 Middle East & Africa Floatovoltaics Consumption Value by Application (2019-2030)
10.3 Middle East & Africa Floatovoltaics Market Size by Country
10.3.1 Middle East & Africa Floatovoltaics Consumption Value by Country (2019-2030)
10.3.2 Turkey Floatovoltaics Market Size and Forecast (2019-2030)
10.3.3 Saudi Arabia Floatovoltaics Market Size and Forecast (2019-2030)
10.3.4 UAE Floatovoltaics Market Size and Forecast (2019-2030)
11 Market Dynamics
11.1 Floatovoltaics Market Drivers
11.2 Floatovoltaics Market Restraints
11.3 Floatovoltaics 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 Floatovoltaics Industry Chain
12.2 Floatovoltaics Upstream Analysis
12.3 Floatovoltaics Midstream Analysis
12.4 Floatovoltaics 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.
