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Benefits of floating solar systems include increased energy production due to the cooling effect of water, reduced evaporation, and the utilization of underutilized bodies of water. This boosts the growth of the global floating photovoltaics (FPV) market size during the forecast period.
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Opportunity Analysis and Industry Forecast, 2016-2023 Floating Photovoltaics Market by System by Product by Panel Type by Application Global Opportunity Analysis and Industry Forecast, 2021-2031 • Pages: 350 Tables: 163 Charts: 52
Global Floating Photovoltaics Market Outlook (2021– 2031) • Top Impacting Factors: • The Global Floating photovoltaics market was valued at $32.3 million in 2021, and is projected to reach $106.0 million by 2031, growing at a CAGR of 12.9% from 2022 to 2031. • A type of solar array that floats on top of water is referred to as floating solar, also known as floating photovoltaic (FPV) or floatovoltaics. • Floating photovoltaics (FPV) systems are an emerging form of PV systems which float on the surface of drinking water reservoirs, quarry lakes, irrigation canals or remediation, natural water bodies and tailing ponds. • By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. • Pages: 350 Tables: 163 Charts: 52
Global Floating Photovoltaics Market Outlook (2021 – 2031) • The report includes the study of the floating photovoltaics (FPV) market with respect to the growth prospects and restraints based on the regional analysis • Benefits of floating solar systems include increased energy production due to the cooling effect of water, reduced evaporation, and the utilization of underutilized bodies of water. • The cooling effect feature of FPV improves the performance of solar photovoltaic panels by 5–10%. • The potential for further growth in floating solar photovoltaic power generation is significant, as systems offer several advantages over traditional ground-mounted solar panels. • Pages: 350 Tables: 163 Charts: 52
Key Findings of Global Floating Photovoltaics Market : • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the floating photovoltaics market analysis from 2021 to 2031 to identify the prevailing floating photovoltaics market opportunities. • The market research is offered along with information related to key drivers, restraints, and opportunities. • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. • In-depth analysis of the floating photovoltaics market segmentation assists to determine the prevailing market opportunities. Global Floating Photovoltaics Market Outlook (2021– 2031) • Pages: 350 Tables: 163 Charts: 52
The key players profiled in the report include: • Swimsol • SUNGROW. • Oceans of Energy • Mibet Energy. • SolarisFloat • Profloating • ISIFLOATING • NRG ISLAND s.r.l • Ocean Sun AS • SCOTRA CO, LTD. Global Floating Photovoltaics Market Outlook (2021– 2031) • Pages: 350 Tables: 163 Charts: 52
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