Market Insights & Analysis: The Global Floating Solar Market (2024-30):
MarkNtel Advisors has published a research report on the Global Floating Solar Market for the forecast years, 2024-30. This research is a dependable reference for assessing historical and future data, developmental trends, and prevailing industry catalysts. Recognizing the growing demand for market research across various sectors, a comprehensive study has been formulated addressing diverse topics. Through qualitative and quantitative data, this report effectively covers key alterations, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges.
Global Floating Solar Market Overview:
According to the latest report from MarkNtel Advisors, The Global Floating Solar Market size in terms of installed capacity is valued at around 5.9 GW in 2023. Along with this, the market is estimated to grow at a CAGR of around 34.2% during the forecast period, i.e., 2024-30. This comprehensive analysis contains key insights into market trends, size, projections, growth catalysts, challenges, and competitor assessments.
The report offers an in-depth evaluation of the Global Floating Solar Market, presenting the latest developments and providing an overview of the current market scenario. With markets gradually recovering from the impact of the pandemic, there is a notable stabilization or even an increase in disposable income in developing nations, driving the market’s momentum.
Global Floating Solar Market Trend:
Escalating Integration of Floating Solar Panels with Hydro-Thermal Power Plants Emerging as a Significant Market Trend – The combination of solar and hydropower enhances the overall energy efficiency of the system, thereby surging the demand for hybrid solar and hydro systems. The incorporation of floating solar panels on existing hydropower plants results in the maximization of the existing infrastructure and cutting the capital cost of additional equipment and machines required to set up an entirely new plant. Hydropower plants provide ample surface area for the installation of floating solar panels, which resolves the issue of land reservoirs in countries with limited land availability.
Furthermore, solar PV when incorporated with hydropower systems increases its efficiency, particularly in summer months when the water level goes down due to high evaporation rates. Various public and private entities across the globe have been integrating hydro and floating solar solutions owing to their perceived benefits.
Thus, the surging integration of floating solar PVs with existing hydrothermal plants owing to increased efficiency, high power generation, environmental benefits, and continuous power generation even in downtimes is emerging as a significant market trend in the Global Floating Solar Market.
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Global Floating Solar Market Segmentation Analysis:
This thorough analysis of the Global Floating Solar Market facilitates the identification of significant market factors. The report delves into key market segments and the regional analysis outlined within this research, which will significantly aid industry players in refining their consumer targeting, strategic positioning, and overall business expansion efforts. The Market exhibits a high degree of fragmentation, categorizing into distinct segments as follows:
By Type
-Pure- Market Size & Forecast 2019-2030, USD Million
-Metallic- Market Size & Forecast 2019-2030, USD Million
-Membrane- Market Size & Forecast 2019-2030, USD Million
By Waterbody
-Inland- Market Size & Forecast 2019-2030, MW
-Lakes/Ponds/Rivers- Market Size & Forecast 2019-2030, MW
-Dams/Reservoirs- Market Size & Forecast 2019-2030, MW
-Water Treatment Plants- Market Size & Forecast 2019-2030, MW
-Marine- Market Size & Forecast 2019-2030, MW
By Component
-Service- Market Size & Forecast 2019-2030, USD Million
-Construction- Market Size & Forecast 2019-2030, USD Million
-Consultancy- Market Size & Forecast 2019-2030, USD Million
-Maintenance- Market Size & Forecast 2019-2030, USD Million
-Equipment- Market Size & Forecast 2019-2030, USD Million
By Capacity
-Upto 10 MW- Market Size & Forecast 2019-2030, Number of Projects
-10.1 MW to 50 MW- Market Size & Forecast 2019-2030, Number of Projects
-50.1 MW to 100 MW- Market Size & Forecast 2019-2030, Number of Projects
->100 MW- Market Size & Forecast 2019-2030, Number of Projects
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
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Analysis of Global Floating Solar Market Share:
The competitive landscape of the Global Floating Solar Market is dissected through a thorough competitor analysis. This includes detailed insights into each company’s profile, financial performance, market share, potential, Research and Development (R&D) investments, recent market initiatives, reach, strengths and weaknesses, as well as product/service launches and dominance. The information outlined above offers a comprehensive overview of the prominent market players, including,
Iberdrola, Ciel & Terre International, RWE, Tractebel, Pristine Sun LLC, Enel Spa, SolarDuck, BayWa r.e., Ocean Sun AS, Quant Solar, ABL Group, NRG Energia srl, Sterling and Wilson Renewable Energy Limited, Sungrow, Scotra Co. Ltd., EnBW, Others.
Frequently Asked Questions (FAQs)
- What key forces are steering the dynamics of the Global Floating Solar Market?
- What potential opportunities and obstacles can be identified on the horizon?
- How might regulatory changes impact the Global Floating Solar industry’s trajectory?
- What are the anticipated technological advancements shaping the future of the Global Floating Solar Market?
- Who are the key players profiled in the Global Floating Solar Market research report?
- What is the estimated valuations in USD, and CAGR for the forecast years?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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