Floating Solar Panels Market to Grow at 22.5% CAGR During the Forecast Period 2022-2030

Posted on 2023-01-24 by researchinsights in Energy // 0 Comments

San Francisco, California , USA, Jan 25, 2023 — /EPR Network/ —

Floating Solar Panels Industry Overview

The global floating solar panels market size was valued at USD 30.16 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 22.5% from 2022 to 2030.

Increasing focus on clean fuel power generation energy sources coupled with insufficiency of the land area will boost the global market during the projection period. Regulatory boards across the world are setting up several targets related to clean energy, which will help in controlling the pollution level. The technical aspect of floating solar technology is projected to observe substantial growth over the estimated period owing to the growing demand for dependable renewable sources of energy for power generation.

Gather more insights about the market drivers, restrains and growth of the Global Floating Solar Panels Market

The U.S. market is anticipated to witness substantial growth in the forecast period on account of strong federal schemes that include rising demand across the public and private sectors for green electricity, and solar investment tax credits. As per the Solar Energy Industries Association, in 2019, the United States solar industry generated an investment of USD 33 billion of private investment. Strict regulations to limit GHG emissions will propel global market growth. In 2016, the Government of China under its 13th 5-year plan introduced its plans to lessen the emission level to 18% by 2020.

Low- to high-capacity scalability, adaptability to any electrical configuration, ease to dismantle and assemble, and the least requirement of heavyweight equipment in the manufacturing of solar panels are some of the features, which undoubtedly inspire the business scope. The rapid reduction in fossil fuel reserves has created a need for the utilization of renewable sources of power generation. Solar energy, being one of the fastest-growing renewable sources of energy owing to the easy system installation, leads to further growth of the market. The advantages associated with floating panel installations are likely to propel the growth.

Browse through Grand View Research’s Renewable Energy Industry Research Reports.

Green Hydrogen Market – The global green hydrogen market size was valued at USD 3.2 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 39.5% from 2022 to 2030.
Solar Energy Systems Market – The global solar energy systems market size was valued at USD 160.3 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 15.7% from 2022 to 2030.

Floating Solar Panels Market Segmentation

Grand View Research has segmented the global floating solar panels market based on product and region:

Floating Solar Panels Product Outlook (Capacity, MW; Revenue, USD Million, 2019 – 2030)
- Tracking Floating Solar Panels
- Stationary Floating Solar Panels
Floating Solar Panels Regional Outlook (Capacity, MW; Revenue, USD Million, 2019 – 2030)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa (MEA)

Key Companies profiled:

Some prominent players in the global Floating Solar Panels market include

KYOCERA Corp.
Trina Solar
Yellow Tropus Pvt. Ltd.
Wuxi Suntech Power Co., Ltd.
Yingli Solar
Ciel & Terre International
LONGi Solar
JA SOLAR Technology Co. Ltd.
Hanwha Group
Vikram Solar Ltd.

Order a free sample PDF of the Floating Solar Panels Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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