Floating Solar Panels Market
Floating Solar Panels Market
Floating Solar Panels Market
“Global floating solar panels market size was estimated at USD 13.8 million in 2015 and is
anticipated to reach USD 2.70 billion by 2025”
The global floating solar panels market is expected to reach USD 2.70 billion by 2025, according to a new report by
Grand View Research, Inc. The technology is expected to witness significant growth over the forecast period owing
to rising demand for reliable renewable power generation. Furthermore, the ability to mitigate land cost is expected
to favor demand over the projected period.
The growing focus of various governments towards the use of renewable energy for power generation coupled as
well as lower environmental pollution by reducing the dependence on fossil fuels is expected to have a positive
impact over the projected period.
Declining panel cost leading to lower per unit cost of generation is a key factor promoting the use of solar technology
for power generation. Furthermore, lack of availability of suitable land for installation coupled with its ability to lower
the impact of evaporation is a key factor driving the market over the forecast period.
The penetration of stationary floating solar technology is expected to grow, particularly in developing and
emerging economies owing to the low cost of installation as compared to its counterpart.
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Tracking floating solar panels are expected to grow over the next nine years owing to the increased efficiency
of the panels with tracking technology. The growing R&D investments by the installers and panel
manufacturers to reduce the cost of this particular technology are likely to bolster market growth.
Japan accounted for over 75% of the overall revenue share in 2015 owing to the low availability of land and
favorable initiatives taken by the government to promote the use of renewable sources of energy. In addition,
the industry is expected to grow substantially on account of the numerous plans sanctioned by the Japanese
government.
Europe is one of the leading installers of the technology owing to the rising market penetration in the UK
with around six plants and an installed capacity of over 10,000 kW of the overall installations in Europe.
Key players in the industry include Kyocera Corporation, Trina Solar, Sharp Corporation and Yingli Solar. Ciel
& Terre is expected to be the largest installer of floating panels across the globe. The company accounts for
over 50% of the overall floating panels installations.
Grand View Research has segmented the floating solar panels market on the basis of product and region:
Product Outlook (Installed Capacity, Kilowatt; Revenue, USD Million, 2014 - 2025)
Regional Outlook (Installed Capacity, Kilowatt; Revenue, USD Million, 2014 - 2025)
U.S.
Europe
Asia Pacific
Japan
www.grandviewresearch.com/industry-analysis/floating-solar-panels-market
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Table of Content of Floating Solar Panels Market Research Report
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5.2. U.S. Movement Analysis & Market Share, 2015 & 2025
5.2.1. Market estimates and forecast by product, 2014 - 2025 (Kilowatt) (USD Million)
5.3. Europe Movement Analysis & Market Share, 2015 & 2025
5.3.1. Market estimates and forecast by product, 2014 - 2025 (Kilowatt) (USD Million)
5.4. Asia Movement Analysis & Market Share, 2015 & 2025
5.4.1. Market estimates and forecast by product, 2014 - 2025 (Kilowatt) (USD Million)
5.5. Japan Movement Analysis & Market Share, 2015 & 2025
5.5.1. Market estimates and forecast by product, 2014 - 2025 (Kilowatt) (USD Million)
5.6. Central & South America Movement Analysis & Market Share, 2015 & 2025
5.6.1. Market estimates and forecast by product, 2014 - 2025 (Kilowatt) (USD Million)
5.7. Rest of World Movement Analysis & Market Share, 2015 & 2025
5.7.1. Market estimates and forecast by product, 2014 - 2025 (Kilowatt) (USD Million)
Chapter 6. Competitive Landscape
6.1. Company Market Share Analysis
6.2. Vendor Landscape
6.3. Competitive Environment
6.4. Company Market Positioning
6.5. Strategy Framework
6.6. Market Participation Categorization
6.7. Heat Map Analysis
6.7.1. Heat Map Analysis, By Segment
Chapter 7. Company Profiles
7.1. Hanwha Solar
7.1.1. Company Overview
7.1.2. Financial Performance
7.1.3. Product Benchmarking
7.1.4. Strategic Initiatives
7.2. KYOCERA Corporation
7.2.1. Company Overview
7.2.2. Financial Performance
7.2.3. Product Benchmarking
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7.2.4. Strategic Initiatives
7.3. ITOCHU Corporation
7.3.1. Company Overview
7.3.2. Financial Performance
7.3.3. Product Benchmarking
7.4. Wuxi Suntech Power Co., Ltd.
7.4.1. Company Overview
7.4.2. Financial Performance
7.4.3. Product Benchmarking
7.5. Sharp Corporation
7.5.1. Company Overview
7.5.2. Financial Performance
7.5.3. Product Benchmarking
7.6. Yingli Solar
7.6.1. Company Overview
7.6.2. Financial Performance
7.6.3. Product Benchmarking
7.7. Trina Solar
7.7.1. Company Overview
7.7.2. Financial Performance
7.7.3. Product Benchmarking
7.8. Solaris Energy
7.8.1. Company Overview
7.8.2. Financial Performance
7.8.3. Product Benchmarking
7.9. Sunengy
7.9.1. Company Overview
7.9.2. Financial Performance
7.9.3. Product Benchmarking
7.10. Sinovoltaics Group
7.10.1. Company Overview
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7.10.2. Financial Performance
7.10.3. Product Benchmarking
7.10.4. Strategic Initiatives
7.11. JA SOLAR Co. Ltd.
7.11.1. Company Overview
7.11.2. Financial Performance
7.11.3. Product Benchmarking
7.12. Mitsubishi Electric US, Inc.
7.12.1. Company Overview
7.12.2. Financial Performance
7.12.3. Product Benchmarking
7.13. Ciel & Terre
7.13.1. Company Overview
7.13.2. Financial Performance
7.13.3. Product Benchmarking
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About Grand View Research, Inc.:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed business decisions, the company offers
market intelligence studies ensuring relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: www.grandviewresearch.com
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