Global Floating Solar Energy Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : Energy And Power Upcoming ReportsPublished Date : February 3rd, 2018
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The global floating solar energy market is projected to grow at a high rate during 2018-2024. The conventional solar energy generation requires large land area for the development and installation of solar power plant. The floating solar energy system offers a viable alternative by preventing expensive land acquisitions, which is a major driver for the growth in floating solar energy market. Increase investment in research and development of floating solar technologies by major companies augments the growth of the market. Moreover, increasing government initiatives to promote floating solar energy systems coupled with technological advancements in the development of floating solar power plants is also expected to propel the market growth. However, high cost of installation and maintenance associated with the floating solar energy system are the key challenges faced by the industry.

The floating solar energy system consists of panels that are installed in water bodies, such as irrigation ponds, reservoirs, lakes, canals, and ocean. The floating solar energy system comprises of FRP floating system, module mounting structure, PV/CSP modules, inverters (DC to AC), mooring system to adjust fluctuations in water level, and other cables and equipment. Solar panels installed on water bodies are naturally cooled, resulting in improved efficiency and reduced stress on the system. The floating energy systems also reduce the rate of evaporation of fresh water bodies, resulting in the conservation of water. Solar systems installed on reservoirs, irrigation canals, and lakes result in reduction in formation of algae, thus reducing water contamination. An opportunity lies in multi-junction solar cells, as they have increased efficiency when compared to a normal solar cell.

The global floating energy market is segmented into product type, location, technology, application, capacity and region. Based on the product type, the floating solar energy market is divided into stationary floating solar energy and solar-tracking floating solar energy. The stationary floating solar energy system holds the major share of the market in 2017, which can be attributed to its lower installation and maintenance cost. On the basis of location, the floating solar energy market is categorized into on-shore floating solar energy system and off-shore floating solar energy system. The on-shore floating solar energy systems are located on the shore of ponds, lakes, reservoirs, dams, and rivers while the off-shore solar energy systems are located on sea water. Based on technology, the floating solar market is segmented into photovoltaic (PV) and concentrated solar power (CSP). Currently, photovoltaic application of floating solar is more prominent, as PV installation is less complex when compared to CSP. On the basis of capacity, floating solar market can be segmented into small-scale (<100kW), medium-scale (100kW-10mW), and large-scale (>10mW). Small-scale floating power plants located on ponds, reservoirs, canals have found application due to protection of water from contamination and eliminating the use of land completely. Moreover, large-scale solar floating power plants are operational across the globe for the purpose of generating electricity for distribution purposes.

Geographically, the floating solar energy market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The Asia-Pacific region held the largest share of the floating solar energy market and is expected to grow at a high rate during the forecast period. China has the largest installed floating solar power plant located in the Anhui province. Government initiatives to promote floating solar energy systems and high energy demand are the major factors driving growth in the region. The European floating solar energy market is expected to grow at a rapid rate during 2018-2024. The growth in the region is mainly attributed to the technological advancements for the development of floating solar power plants.

The key players of the floating solar energy market include Ciel & Terre International, Novaton AG ,  Infratech Industries, Inc ., DNV GL AS, SPI Solar, Pristine Sun,  Yingli Green Energy Holding Company Limited, Trina Solar Limited, Sharp Corporation, KYOCERA Corporation.

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TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Market Definition

1.2. Market Segmentation

1.2.1. Market Breakdown, By Product Type

1.2.2. Market Breakdown, By Location

1.2.3. Market Breakdown, By Technology

1.2.4. Market Breakdown, By Application

1.2.5. Market Breakdown, By Capacity

1.2.6. Market Breakdown, By Region

1.3. Research Methodology

1.3.1. Initial Data Search

1.3.2. Secondary Research

1.3.3. Primary Research

1.3.4. Scope and Assumptions

1.4. Executive Summary

CHAPTER 2. Market Outlook

2.1. Introduction

2.2. Market Outlook

2.2.1. Market Share

2.2.2. Opportunities

2.2.2.1. Multi-junction solar cells with increased efficiency

2.2.2.2. Floating solar chimney technology

2.2.3. Trends

2.2.3.1. Increase R&D investment by major players

2.2.4. Growth Drivers

2.2.4.1. Eliminating the need of land acquisitions and cooling effect of water

2.2.4.2. Government initiatives

2.2.4.3. Technological advancements

2.2.5. Impact Analysis of Drivers on Future Forecast of the Market

2.2.6. Restraints of the Market

2.2.6.1. High installation and maintenance cost

2.2.7. Impact Analysis of Restraints on Future Forecast of the Market

CHAPTER 3. Market Entry Strategy

3.1. PESTLE Analysis

3.2. Value Chain Analysis

3.3. Competitive Analysis

3.3.1. Company Market Share Analysis

3.3.2. Porter’s Five Forces Analysis

CHAPTER 4. Global Floating Solar Energy Market Size and Forecast (2018 – 2024)

4.1. Global Floating Solar Energy Market, By Product Type

4.1.1. Stationary

4.1.2. Solar Tracking

4.2. Global Floating Solar Energy Market, By Location

4.2.1. On-shore

4.2.2. Off-shore

4.3. Global Floating Solar Energy Market, By Technology

4.3.1. Photovoltaic

4.3.2. Concentrated Solar Power

4.4. Global Floating Solar Energy Market, By Application

4.4.1. Residential

4.4.2. Commercial

4.4.3. Industrial

4.5. Global Floating Solar Energy Market, By Capacity

4.5.1. Small-scale (<100kW)

4.5.2. Medium-scale (100kW-10mW)

4.5.3. Large-scale (>10mW)

4.6. Global Floating Solar Energy Market, By Region

4.6.1. North America

4.6.2. Europe

4.6.3. Asia-Pacific (APAC)

4.6.4. Rest of the World (RoW)

4.6.4.1. Middle East and Africa (MEA)

4.6.4.2. Latin America

CHAPTER 5. Global Floating Solar Energy Market, By Region

5.1. North America Floating Solar Energy Market (USD Billion)

5.1.1. North America Floating Solar Energy Market, By Product Type (USD Billion)

5.1.2. North America Floating Solar Energy Market, By Location (USD Billion)

5.1.3. North America Floating Solar Energy Market, By Technology (USD Billion)

5.1.4. North America Floating Solar Energy Market, By Application (USD Billion)

5.1.5. North America Floating Solar Energy Market, By Capacity (USD Billion)

5.1.6. North America Floating Solar Energy Market, By Country (USD Billion)

  5.1.6.1. U.S. Floating Solar Energy Market (USD Billion)

  5.1.6.2. Canada Floating Solar Energy Market (USD Billion)

  5.1.6.3. Rest of North America Floating Solar Energy Market (USD Billion)

5.2. Europe Floating Solar Energy Market (USD Billion)

5.2.1. Europe Floating Solar Energy Market, By Product Type (USD Billion)

5.2.2. Europe Floating Solar Energy Market, By Location (USD Billion)

5.2.3. Europe Floating Solar Energy Market, By Technology (USD Billion)

5.2.4. Europe Floating Solar Energy Market, By Application (USD Billion)

5.2.5. Europe Floating Solar Energy Market, By Capacity (USD Billion)

5.2.6. Europe Floating Solar Energy Market, By Country (USD Billion)

   5.2.6.1. Germany Floating Solar Energy Market (USD Billion)

  5.2.6.2. France Floating Solar Energy Market (USD Billion)

  5.2.6.3. Italy Floating Solar Energy Market (USD Billion)

  5.2.6.4. Rest of Europe Floating Solar Energy Market (USD Billion)

5.3. Asia-Pacific Floating Solar Energy Market (USD Billion)

5.3.1. Asia-Pacific Floating Solar Energy Market, By Product Type (USD Billion)

5.3.2. Asia-Pacific Floating Solar Energy Market, By Location (USD Billion)

5.3.3. Asia-Pacific Floating Solar Energy Market, By Technology (USD Billion)

5.3.4. Asia-Pacific Floating Solar Energy Market, By Application (USD Billion)

5.3.5. Asia-Pacific Floating Solar Energy Market, By Capacity (USD Billion)

5.3.6. Asia-Pacific Floating Solar Energy Market, By Country (USD Billion)

  5.3.6.1. China Floating Solar Energy Market (USD Billion)

  5.3.6.2. Japan Floating Solar Energy Market (USD Billion)

  5.3.6.3. India Floating Solar Energy Market (USD Billion)

  5.3.6.4. South Korea Floating Solar Energy Market (USD Billion)

  5.3.6.5. Rest of Asia-Pacific Floating Solar Energy Market (USD Billion)

5.4. Rest of the World (RoW) Floating Solar Energy Market (USD Billion)

5.4.1. Rest of the World (RoW) Floating Solar Energy Market, By Product Type (USD Billion)

5.4.2. Rest of the World (RoW) Floating Solar Energy Market, By Location (USD Billion)

5.4.3. Rest of the World (RoW) Floating Solar Energy Market, By Technology (USD Billion)

5.4.4. Rest of the World (RoW) Floating Solar Energy Market, By Application (USD Billion)

5.4.5. Rest of the World (RoW) Floating Solar Energy Market, By Capacity (USD Billion)

5.4.6. Rest of the World (RoW) Floating Solar Energy Market, By Region (USD Billion)

  5.4.6.1. Middle East and Africa (MEA) Floating Solar Energy Market (USD Billion)

  5.4.6.2. Latin America Floating Solar Energy Market (USD Billion)

CHAPTER 6. Key Players and Strategic Developments

6.1. Ciel & Terre International

6.1.1. Business Overview

6.1.2. Product and Service Offering

6.1.3. Financial Overview

6.1.4. SWOT Analysis

6.1.5. Strategic Developments

6.2. Novaton AG

6.2.1. Business Overview

6.2.2. Product and Service Offering

6.2.3. Financial Overview

6.2.4. SWOT Analysis

6.2.5. Strategic Developments

6.3. Infratech Industries, Inc .

6.3.1. Business Overview

6.3.2. Product and Service Offering

6.3.3. Financial Overview

6.3.4. SWOT Analysis

6.3.5. Strategic Developments

6.4. DNV GL AS

6.4.1. Business Overview

6.4.2. Product and Service Offering

6.4.3. Financial Overview

6.4.4. SWOT Analysis

6.4.5. Strategic Developments

6.5. SPI Solar

6.5.1. Business Overview

6.5.2. Product and Service Offering

6.5.3. Financial Overview

6.5.4. SWOT Analysis

6.5.5. Strategic Developments

6.6. Pristine Sun

6.6.1. Business Overview

6.6.2. Product and Service Offering

6.6.3. Financial Overview

6.6.4. SWOT Analysis

6.6.5. Strategic Developments

6.7. Yingli Green Energy Holding Company Limited

6.7.1. Business Overview

6.7.2. Product and Service Offering

6.7.3. Financial Overview

6.7.4. SWOT Analysis

6.7.5. Strategic Developments

6.8. Trina Solar Limited

6.8.1. Business Overview

6.8.2. Product and Service Offering

6.8.3. Financial Overview

6.8.4. SWOT Analysis

6.8.5. Strategic Developments

6.9. Sharp Corporation

6.9.1. Business Overview

6.9.2. Product and Service Offering

6.9.3. Financial Overview

6.9.4. Strategic Developments

6.10. KYOCERA Corporation

6.10.1. Business Overview

6.10.2. Product and Service Offering

6.10.3. Financial Overview

6.10.4. SWOT Analysis

6.10.5. Strategic Developments

6.11. Abbreviations

Global Floating Solar Energy Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation Forecast 2024