
The global Floating Photovoltaics (FPV) market size was valued at US$ million in 2023. With growing demand in downstream market, the Floating Photovoltaics (FPV) is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during review period.
The research report highlights the growth potential of the global Floating Photovoltaics (FPV) market. Floating Photovoltaics (FPV) are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Floating Photovoltaics (FPV). Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Floating Photovoltaics (FPV) market.
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.
Key Features:
The report on Floating Photovoltaics (FPV) market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Floating Photovoltaics (FPV) market. It may include historical data, market segmentation by Type (e.g., PV Modules, Floating Body and Anchoring System), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Floating Photovoltaics (FPV) market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Floating Photovoltaics (FPV) market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Floating Photovoltaics (FPV) industry. This include advancements in Floating Photovoltaics (FPV) technology, Floating Photovoltaics (FPV) new entrants, Floating Photovoltaics (FPV) new investment, and other innovations that are shaping the future of Floating Photovoltaics (FPV).
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Floating Photovoltaics (FPV) market. It includes factors influencing customer ' purchasing decisions, preferences for Floating Photovoltaics (FPV) product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Floating Photovoltaics (FPV) market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Floating Photovoltaics (FPV) market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Floating Photovoltaics (FPV) market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Floating Photovoltaics (FPV) industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Floating Photovoltaics (FPV) market.
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.
Segmentation by type
PV Modules
Floating Body and Anchoring System
Inverter
Others
Segmentation by application
Utility
Residential & Commercial
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Floating Photovoltaics (FPV) Market Size 2019-2030
2.1.2 Floating Photovoltaics (FPV) Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Floating Photovoltaics (FPV) Segment by Type
2.2.1 PV Modules
2.2.2 Floating Body and Anchoring System
2.2.3 Inverter
2.2.4 Others
2.3 Floating Photovoltaics (FPV) Market Size by Type
2.3.1 Floating Photovoltaics (FPV) Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Floating Photovoltaics (FPV) Market Size Market Share by Type (2019-2024)
2.4 Floating Photovoltaics (FPV) Segment by Application
2.4.1 Utility
2.4.2 Residential & Commercial
2.5 Floating Photovoltaics (FPV) Market Size by Application
2.5.1 Floating Photovoltaics (FPV) Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Floating Photovoltaics (FPV) Market Size Market Share by Application (2019-2024)
3 Floating Photovoltaics (FPV) Market Size by Player
3.1 Floating Photovoltaics (FPV) Market Size Market Share by Players
3.1.1 Global Floating Photovoltaics (FPV) Revenue by Players (2019-2024)
3.1.2 Global Floating Photovoltaics (FPV) Revenue Market Share by Players (2019-2024)
3.2 Global Floating Photovoltaics (FPV) Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Floating Photovoltaics (FPV) by Regions
4.1 Floating Photovoltaics (FPV) Market Size by Regions (2019-2024)
4.2 Americas Floating Photovoltaics (FPV) Market Size Growth (2019-2024)
4.3 APAC Floating Photovoltaics (FPV) Market Size Growth (2019-2024)
4.4 Europe Floating Photovoltaics (FPV) Market Size Growth (2019-2024)
4.5 Middle East & Africa Floating Photovoltaics (FPV) Market Size Growth (2019-2024)
5 Americas
5.1 Americas Floating Photovoltaics (FPV) Market Size by Country (2019-2024)
5.2 Americas Floating Photovoltaics (FPV) Market Size by Type (2019-2024)
5.3 Americas Floating Photovoltaics (FPV) Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Floating Photovoltaics (FPV) Market Size by Region (2019-2024)
6.2 APAC Floating Photovoltaics (FPV) Market Size by Type (2019-2024)
6.3 APAC Floating Photovoltaics (FPV) Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Floating Photovoltaics (FPV) by Country (2019-2024)
7.2 Europe Floating Photovoltaics (FPV) Market Size by Type (2019-2024)
7.3 Europe Floating Photovoltaics (FPV) Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Floating Photovoltaics (FPV) by Region (2019-2024)
8.2 Middle East & Africa Floating Photovoltaics (FPV) Market Size by Type (2019-2024)
8.3 Middle East & Africa Floating Photovoltaics (FPV) Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Floating Photovoltaics (FPV) Market Forecast
10.1 Global Floating Photovoltaics (FPV) Forecast by Regions (2025-2030)
10.1.1 Global Floating Photovoltaics (FPV) Forecast by Regions (2025-2030)
10.1.2 Americas Floating Photovoltaics (FPV) Forecast
10.1.3 APAC Floating Photovoltaics (FPV) Forecast
10.1.4 Europe Floating Photovoltaics (FPV) Forecast
10.1.5 Middle East & Africa Floating Photovoltaics (FPV) Forecast
10.2 Americas Floating Photovoltaics (FPV) Forecast by Country (2025-2030)
10.2.1 United States Floating Photovoltaics (FPV) Market Forecast
10.2.2 Canada Floating Photovoltaics (FPV) Market Forecast
10.2.3 Mexico Floating Photovoltaics (FPV) Market Forecast
10.2.4 Brazil Floating Photovoltaics (FPV) Market Forecast
10.3 APAC Floating Photovoltaics (FPV) Forecast by Region (2025-2030)
10.3.1 China Floating Photovoltaics (FPV) Market Forecast
10.3.2 Japan Floating Photovoltaics (FPV) Market Forecast
10.3.3 Korea Floating Photovoltaics (FPV) Market Forecast
10.3.4 Southeast Asia Floating Photovoltaics (FPV) Market Forecast
10.3.5 India Floating Photovoltaics (FPV) Market Forecast
10.3.6 Australia Floating Photovoltaics (FPV) Market Forecast
10.4 Europe Floating Photovoltaics (FPV) Forecast by Country (2025-2030)
10.4.1 Germany Floating Photovoltaics (FPV) Market Forecast
10.4.2 France Floating Photovoltaics (FPV) Market Forecast
10.4.3 UK Floating Photovoltaics (FPV) Market Forecast
10.4.4 Italy Floating Photovoltaics (FPV) Market Forecast
10.4.5 Russia Floating Photovoltaics (FPV) Market Forecast
10.5 Middle East & Africa Floating Photovoltaics (FPV) Forecast by Region (2025-2030)
10.5.1 Egypt Floating Photovoltaics (FPV) Market Forecast
10.5.2 South Africa Floating Photovoltaics (FPV) Market Forecast
10.5.3 Israel Floating Photovoltaics (FPV) Market Forecast
10.5.4 Turkey Floating Photovoltaics (FPV) Market Forecast
10.5.5 GCC Countries Floating Photovoltaics (FPV) Market Forecast
10.6 Global Floating Photovoltaics (FPV) Forecast by Type (2025-2030)
10.7 Global Floating Photovoltaics (FPV) Forecast by Application (2025-2030)
11 Key Players Analysis
11.1 Sungrow
11.1.1 Sungrow Company Information
11.1.2 Sungrow Floating Photovoltaics (FPV) Product Offered
11.1.3 Sungrow Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Sungrow Main Business Overview
11.1.5 Sungrow Latest Developments
11.2 Ciel and Terre
11.2.1 Ciel and Terre Company Information
11.2.2 Ciel and Terre Floating Photovoltaics (FPV) Product Offered
11.2.3 Ciel and Terre Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Ciel and Terre Main Business Overview
11.2.5 Ciel and Terre Latest Developments
11.3 BayWa r.e.
11.3.1 BayWa r.e. Company Information
11.3.2 BayWa r.e. Floating Photovoltaics (FPV) Product Offered
11.3.3 BayWa r.e. Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 BayWa r.e. Main Business Overview
11.3.5 BayWa r.e. Latest Developments
11.4 LS Electric Co., Ltd.
11.4.1 LS Electric Co., Ltd. Company Information
11.4.2 LS Electric Co., Ltd. Floating Photovoltaics (FPV) Product Offered
11.4.3 LS Electric Co., Ltd. Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 LS Electric Co., Ltd. Main Business Overview
11.4.5 LS Electric Co., Ltd. Latest Developments
11.5 Trina Solar
11.5.1 Trina Solar Company Information
11.5.2 Trina Solar Floating Photovoltaics (FPV) Product Offered
11.5.3 Trina Solar Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Trina Solar Main Business Overview
11.5.5 Trina Solar Latest Developments
11.6 Ocean Sun
11.6.1 Ocean Sun Company Information
11.6.2 Ocean Sun Floating Photovoltaics (FPV) Product Offered
11.6.3 Ocean Sun Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 Ocean Sun Main Business Overview
11.6.5 Ocean Sun Latest Developments
11.7 Adtech Systems
11.7.1 Adtech Systems Company Information
11.7.2 Adtech Systems Floating Photovoltaics (FPV) Product Offered
11.7.3 Adtech Systems Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Adtech Systems Main Business Overview
11.7.5 Adtech Systems Latest Developments
11.8 Waaree Energies Ltd
11.8.1 Waaree Energies Ltd Company Information
11.8.2 Waaree Energies Ltd Floating Photovoltaics (FPV) Product Offered
11.8.3 Waaree Energies Ltd Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Waaree Energies Ltd Main Business Overview
11.8.5 Waaree Energies Ltd Latest Developments
11.9 Isigenere (Isifloating)
11.9.1 Isigenere (Isifloating) Company Information
11.9.2 Isigenere (Isifloating) Floating Photovoltaics (FPV) Product Offered
11.9.3 Isigenere (Isifloating) Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Isigenere (Isifloating) Main Business Overview
11.9.5 Isigenere (Isifloating) Latest Developments
11.10 Swimsol
11.10.1 Swimsol Company Information
11.10.2 Swimsol Floating Photovoltaics (FPV) Product Offered
11.10.3 Swimsol Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Swimsol Main Business Overview
11.10.5 Swimsol Latest Developments
11.11 Yellow Tropus
11.11.1 Yellow Tropus Company Information
11.11.2 Yellow Tropus Floating Photovoltaics (FPV) Product Offered
11.11.3 Yellow Tropus Floating Photovoltaics (FPV) Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 Yellow Tropus Main Business Overview
11.11.5 Yellow Tropus Latest Developments
12 Research Findings and Conclusion
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*If Applicable.
