Floating Solar Mounting System Market by Component, Technology Type, Installation Type, Deployment Method, Application

Description

List of Tables

The Floating Solar Mounting System Market was valued at USD 2.27 billion in 2023, expected to reach USD 2.49 billion in 2024, and is projected to grow at a CAGR of 13.10%, to USD 5.38 billion by 2030.

The scope of the floating solar mounting system market primarily encompasses the technology and infrastructure required to install solar panels on water bodies, such as lakes, reservoirs, and ponds. This innovative system addresses the limitations of land-based solar installations by efficiently using water surfaces, thus mitigating land use constraints. The necessity for floating solar systems arises from increasing global demand for renewable energy and the need to optimize space utilization without altering land resources. It is applied in power generation projects across varying scales, from small remote setups to large utility-scale installations. The end-use scope largely includes utilities, commercial entities, and industrial operations looking to integrate renewable energy into their energy portfolio. Key growth influencers include technological advancements, rising energy demands, government incentives for renewable energy adoption, and the diminishing cost of manufacturing solar panels and system components. Current opportunities lie in the synergy between floating solar systems and water-based operations, such as hydroelectric plants, promoting hybrid renewable energy solutions. However, challenges like the initial high cost of installation, technical difficulties in system maintenance, and environmental concerns about water ecosystem disruption pose significant constraints. To capitalize on market potential, businesses should focus on R&D to develop more cost-effective, durable, and eco-friendly materials and structures for these systems. Areas primed for innovation include lightweight and corrosion-resistant materials, automated maintenance systems, and improved energy efficiency technologies. The market is currently characterized by robust growth due to increasing global renewable energy targets, yet it retains a dynamic nature as regions with vast water bodies, like Asia-Pacific, emerge as significant growth hubs. To effectively navigate this landscape, companies should invest in strategic partnerships, leverage government incentives, and continually adapt to the evolving regulatory frameworks governing solar energy installations.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.27 billion
Estimated Year [2024]	USD 2.49 billion
Forecast Year [2030]	USD 5.38 billion
CAGR (%)	13.10%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Floating Solar Mounting System Market

The Floating Solar Mounting System Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Growing global demand for electricity coupled with the scarcity of available land for solar farms
- Rising awareness of the beneficial dual application of water reservoirs and solar energy generation
- Increasing focus on renewable energy sources due to environmental concerns and sustainability goals
Market Restraints
- Opposition from local communities concerned about aesthetic impacts or changes to local waterways
Market Opportunities
- Collaborations between technology providers, engineering firms, and utility companies facilitate knowledge sharing and expertise
- Governments worldwide offering financial incentives, subsidies, and favorable policies for solar energy installation and innovations worldwide
Market Challenges
- Overcoming regulatory and permitting hurdles across different geographical and political regions

Porter's Five Forces: A Strategic Tool for Navigating the Floating Solar Mounting System Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Floating Solar Mounting System Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Floating Solar Mounting System Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Floating Solar Mounting System Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Floating Solar Mounting System Market

A detailed market share analysis in the Floating Solar Mounting System Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Floating Solar Mounting System Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Floating Solar Mounting System Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Floating Solar Mounting System Market

A strategic analysis of the Floating Solar Mounting System Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Floating Solar Mounting System Market, highlighting leading vendors and their innovative profiles. These include Ciel & Terre International, ISIGENERE S.L., JA Solar Technology Co. Ltd., JinkoSolar Holding Co., Ltd., Kyocera Corporation, KYORAKU Co., Ltd., LONGi Green Energy Technology Co., Ltd., LS Electric Corporation, Ocean Sun AS, SolarDuck - HVG Law B.V, SolarisFloat, SUMITOMO MITSUI CONSTRUCTION CO., LTD., Sungrow Power Supply Co., Ltd., Swimsol GmbH, and Xiamen Mibet New Energy Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Floating Solar Mounting System Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Component, market is studied across Anchoring and Mooring Systems, Floating Platform, Inverters, Monitoring And Control Systems, and Solar Panels. The Monitoring And Control Systems is further studied across Cloud-Based Controls and Onsite Controls.
Based on Technology Type, market is studied across Floating Structure and Photovoltaic Mounting Structure. The Floating Structure is further studied across Floating-PV Hybrid Structure and Pure Floating Structure. The Floating-PV Hybrid Structure is further studied across Hydro-Solar Hybrid and Wind-Solar Hybrid. The Pure Floating Structure is further studied across Anchored Floating Structure and Non-Anchored Floating Structure. The Photovoltaic Mounting Structure is further studied across Dual Axis Tracking, Fixed Tilt, and Single Axis Tracking. The Dual Axis Tracking is further studied across Azimuth Dual Axis and Tip-Tilt Dual Axis. The Fixed Tilt is further studied across Customized Fixed Tilt and Standard Fixed Tilt. The Single Axis Tracking is further studied across Horizontal Single Axis Tracking and Vertical Single Axis Tracking.
Based on Installation Type, market is studied across Off-Grid Installation and On-Grid Installation.
Based on Deployment Method, market is studied across Hybrid Deployments and Standalone Deployments.
Based on Application, market is studied across Commercial Applications, Residential Applications, and Utility-Scale Projects.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-530582F9E762

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing global demand for electricity coupled with the scarcity of available land for solar farms
  - 5.1.1.2. Rising awareness of the beneficial dual application of water reservoirs and solar energy generation

5.1.1.3. Increasing focus on renewable energy sources due to environmental concerns and sustainability goals

5.1.2. Restraints
- 5.1.2.1. Opposition from local communities concerned about aesthetic impacts or changes to local waterways
5.1.3. Opportunities
- 5.1.3.1. Collaborations between technology providers, engineering firms, and utility companies facilitate knowledge sharing and expertise
- 5.1.3.2. Governments worldwide offering financial incentives, subsidies, and favorable policies for solar energy installation and innovations worldwide
5.1.4. Challenges
- 5.1.4.1. Overcoming regulatory and permitting hurdles across different geographical and political regions

5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Floating Solar Mounting System Market, by Component

6.1. Introduction
6.2. Anchoring and Mooring Systems
6.3. Floating Platform
6.4. Inverters
6.5. Monitoring And Control Systems
- 6.5.1. Cloud-Based Controls
- 6.5.2. Onsite Controls
6.6. Solar Panels

7. Floating Solar Mounting System Market, by Technology Type

7.1. Introduction
7.2. Floating Structure
- 7.2.1. Floating-PV Hybrid Structure
  - 7.2.1.1. Hydro-Solar Hybrid
  - 7.2.1.2. Wind-Solar Hybrid
- 7.2.2. Pure Floating Structure
  - 7.2.2.1. Anchored Floating Structure
  - 7.2.2.2. Non-Anchored Floating Structure
7.3. Photovoltaic Mounting Structure
- 7.3.1. Dual Axis Tracking
  - 7.3.1.1. Azimuth Dual Axis
  - 7.3.1.2. Tip-Tilt Dual Axis
- 7.3.2. Fixed Tilt
  - 7.3.2.1. Customized Fixed Tilt
  - 7.3.2.2. Standard Fixed Tilt
- 7.3.3. Single Axis Tracking
  - 7.3.3.1. Horizontal Single Axis Tracking
  - 7.3.3.2. Vertical Single Axis Tracking

8. Floating Solar Mounting System Market, by Installation Type

8.1. Introduction
8.2. Off-Grid Installation
8.3. On-Grid Installation

9. Floating Solar Mounting System Market, by Deployment Method

9.1. Introduction
9.2. Hybrid Deployments
9.3. Standalone Deployments

10. Floating Solar Mounting System Market, by Application

10.1. Introduction
10.2. Commercial Applications
10.3. Residential Applications
10.4. Utility-Scale Projects

11. Americas Floating Solar Mounting System Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Floating Solar Mounting System Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Floating Solar Mounting System Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. NHPC and Ocean Sun collaborate to advance floating solar technology in India

14.3.2. HelioRec partners with EMP ROTOMOULAGE to advance floating solar systems in Bretagne
14.3.3. Mibet introduces G5 floating PV array for offshore deployment

14.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Ciel & Terre International
2. ISIGENERE S.L.
3. JA Solar Technology Co. Ltd.
4. JinkoSolar Holding Co., Ltd.
5. Kyocera Corporation
6. KYORAKU Co., Ltd.
7. LONGi Green Energy Technology Co., Ltd.
8. LS Electric Corporation
9. Ocean Sun AS
10. SolarDuck - HVG Law B.V
11. SolarisFloat
12. SUMITOMO MITSUI CONSTRUCTION CO., LTD.
13. Sungrow Power Supply Co., Ltd.
14. Swimsol GmbH
15. Xiamen Mibet New Energy Co., Ltd.