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 Plants Market contains market size and forecasts of Floating Solar Plants in Global, including the following market information:
- Global Floating Solar Plants Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global top five companies in 2021 (%)
The global Floating Solar Plants market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % 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 Plants 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 Plants 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 Plants Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Floating Solar Plants Market Segment Percentages, by Type, 2021 (%)
- PV Modules
- Floating Body and Anchoring System
- Inverter
- Others
Global Floating Solar Plants Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Floating Solar Plants Market Segment Percentages, by Application, 2021 (%)
- Utility
- Residential & Commercial
Global Floating Solar Plants Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Floating Solar Plants 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 Plants revenues in global market, 2017-2022 (estimated), ($ millions)
- Key companies Floating Solar Plants 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
Industry Market Size
