PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1389759
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1389759
Floating Solar Market Introduction and Overview
According to SPER Market Research, 'Floating Solar Market Size- By Type, By Technology, By Location, By Capacity- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Floating Solar Market is predicted to reach USD 70.33 billion by 2033 with a CAGR of 30.02%.
For quick and clean energy production, solar panels are installed on bodies of water, such as lakes, ponds, and oceans, in a technique known as floating solar, or floating photovoltaic (FPV). These setups show new horizons across different countries with limited landmass because they are all on bodies of water.
Furthermore, the market for floating solar panels has suffered as a result of the COVID-19 pandemic's detrimental effects on product demand brought on by the lockdowns implemented in numerous countries. The manufacture of solar panels and their parts has been suspended since the outbreak in December 2019 due to nationwide lockdowns. Conditions akin to curfews that hindered enterprises-a`part from those offering necessities-from functioning in several nations affected the market for floating solar panels.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Type, By Technology, By Location, By Capacity
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered Ciel & Terre International, Hanwha Group, JA SOLAR Technology Co. Ltd, KYOCERA Corporation, Sharp Corporation, Sulzer Ltd., Trina Solar, Vikram Solar Limited, Yellow Tropus Pvt. Ltd., Yingli Solar, Others
Floating Solar Market Segmentation:
By Type: Based on the Type, Global Floating Solar Market is segmented as; Solar-Tracking Floating Solar Panels, Stationary Floating Solar Panels.
By Technology: Based on the Technology, Global Floating Solar Market is segmented as; Concentrated Solar Power, Photovoltaic.
By Capacity: Based on the Capacity, Global Floating Solar Market is segmented as; Below 5MW, 5MW - 50MW, Above 50MW.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.