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Download Free sampleFloating 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.
Floating Solar System Market contains market size and forecasts of Floating Solar System in Global, including the following market information:
Global Floating Solar System Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Floating Solar System market was valued at 268.1 million in 2021 and is projected to reach US$ 677.3 million by 2028, at a CAGR of 14.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
PV Modules Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Floating Solar System include Sungrow, Ciel and Terre, BayWa r.e., LS Electric Co., Ltd., Trina Solar, Ocean Sun, Adtech Systems, Waaree Energies Ltd and Isigenere (Isifloating), etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Floating Solar System companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Floating Solar System Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Floating Solar System Market Segment Percentages, by Type, 2021 (%)
PV Modules
Floating Body and Anchoring System
Inverter
Others
Global Floating Solar System Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Floating Solar System Market Segment Percentages, by Application, 2021 (%)
Utility
Residential & Commercial
Global Floating Solar System Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Floating Solar System Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Floating Solar System revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Floating Solar System revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
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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Industry Market SizeSWOT AnalysisIndustry Major PlayersRevenue ForecastsHistorical and Forecast GrowthProfitability Analysis
