Global Floating Solar Market Analysis

Global
Floating Solar Market
Analysis, 2021
marknteladvisors.com

Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved. 2
Document Outline
Sample Pages
Global Floating Solar Market Analysis, 2021
16
Research Process & Methodology
Key questions answered in the report, Research process, Primary Research, Secondary Research,
Respondent Profile
22
Table of Content
Market Segmentation, Scope of Work
02
Commercials
Company Profile
About the company
Contact Details
58
60
62

Market Segmentation
Date of Published: December 2020
Number of Pages: 203
• Stationary
• Solar Tracking
Global Floating Solar Market
• Upto to 1MW
• 1MW-5MW
• Above 5MW
By Type By Capacity By Region
• North America
• United
States
• Canada
• Mexico
• South America
• Brazil
• Colombia
• Rest of South
America
• Europe
• Germany
• France
• Italy
• UK
• Netherlands
• Rest of
Europe
• Middle East &
Africa
• Saudi Arabia
• UAE
• South Africa
• Rest of
Middle East
& Africa
• Asia Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia
Pacific
Region
• On Grid
• Off Grid
By Connectivity
• Solaris Synergy
• Sunengy Pty Ltd
• Vikram Solar
• Ciel & Terre International
• KYOCERA Corporation
• Novaton AG
• Pristine Sun LLC
• SPI Energy Co., Ltd.
• Yingli Solar
• JA Solar Technology Co. Ltd.
• Ocean Sun AS
• Quant Solar
• Sharp Corporation
• Tata Power Solar System Ltd.
• Swimsol GmbH
• Others
By Company

Table of Content (1/11)
Historical Year: (2016-19)
Base Year: 2020
Forecast Year: (2021-26)
Table of Content
1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Market Segmentation
1.4. Assumptions
2. Preface
3. Executive Summary
4. Impact of COVID-19 on Global Floating Solar Market
5. Global Floating Solar Market Outlook, 2016-2026F
5.1. Market Size & Analysis
5.1.1. Revenues
5.2. Market Share & Analysis
5.2.1. By Type
5.2.1.1. Stationary
5.2.1.2. Solar Tracking
5.2.2. By Technology
5.2.2.1. Photovoltaic
5.2.2.2. Concentrated Solar Power
5.2.3. By Location
5.2.3.1. Onshore

Base Year: 2020
Table of Content
5.2.3.2. Offshore
5.2.4. By Capacity
5.2.4.1. 0.1-1 MW
5.2.4.2. 1-5 MW
5.2.4.3. ≥ 5 MV
5.2.5. By Region
5.2.5.1. North America
5.2.5.2. South America
5.2.5.3. Europe
5.2.5.4. Middle East & Africa
5.2.5.5. Asia-Pacific
5.2.6. By Company
5.2.6.1. Competition Characteristics
5.2.6.2. Market Share & Analysis
5.2.6.3. Competitive Matrix
6. North America Floating Solar Market Outlook, 2016-2026F
6.1.1. Revenues
6.2.1. By Type

Base Year: 2020
Table of Content
6.2.3. By Location
6.2.4. By Capacity
6.2.5. By Country
6.2.5.1. The US Floating Solar Market Outlook, 2016-2026F
6.2.5.1.1. Market Size & Analysis
6.2.5.1.1.1. Revenues
6.2.5.1.2. Market Share & Analysis
6.2.5.1.2.1. By Type
6.2.5.2. Canada Floating Solar Market Outlook, 2016-2026F
6.2.5.2.1.1. Revenues
6.2.5.2.2.1. By Type
6.2.5.3. Mexico Floating Solar Market Outlook, 2016-2026F
6.2.5.3.1.1. Revenues
6.2.5.3.2.1. By Type
7. South America Floating Solar Market Outlook, 2016-2026F

Base Year: 2020
Table of Content
7.1.1. Revenues
7.2.1. By Type
7.2.3. By Location
7.2.4. By Capacity
7.2.5. By Country
7.2.5.1. Brazil Floating Solar Market Outlook, 2016-2026F
7.2.5.1.1.1. Revenues
7.2.5.1.2.1. By Type
7.2.5.2. Argentina Floating Solar Market Outlook, 2016-2026F
7.2.5.2.1.1. Revenues
7.2.5.2.2.1. By Type
8. Europe Floating Solar Market Outlook, 2016-2026F

Base Year: 2020
Table of Content
8.1.1. Revenues
8.2.1. By Type
8.2.3. By Location
8.2.4. By Capacity
8.2.5. By Country
8.2.5.1. The UK Floating Solar Market Outlook, 2016-2026F
8.2.5.1.1.1. Revenues
8.2.5.1.2.1. By Type
8.2.5.2. Italy Floating Solar Market Outlook, 2016-2026F
8.2.5.2.1.1. Revenues
8.2.5.2.2.1. By Type
8.2.5.3. Germany Floating Solar Market Outlook, 2016-2026F
8.2.5.3.1.1. Revenues

Base Year: 2020
Table of Content
8.2.5.3.2.1. By Type
8.2.5.4. France Floating Solar Market Outlook, 2016-2026F
8.2.5.4.1.1. Revenues
8.2.5.4.2.1. By Type
8.2.5.5. Spain Floating Solar Market Outlook, 2016-2026F
8.2.5.5.1.1. Revenues
8.2.5.5.2.1. By Type
9. Middle East & Africa Floating Solar Market Outlook, 2016-2026F
9.1.1. Revenues
9.2.1. By Type
9.2.3. By Location
9.2.4. By Capacity

Base Year: 2020
Table of Content
9.2.5. By Country
9.2.5.1. Saudi Arabia Floating Solar Market Outlook, 2016-2026F
9.2.5.1.1.1. Revenues
9.2.5.1.2.1. By Type
9.2.5.2. UAE Floating Solar Market Outlook, 2016-2026F
9.2.5.2.1.1. Revenues
9.2.5.2.2.1. By Type
9.2.5.3. South Africa Floating Solar Market Outlook, 2016-2026F
9.2.5.3.1.1. Revenues
9.2.5.3.2.1. By Type
10. Asia-Pacific Floating Solar Market Outlook, 2016-2026F
10.1.1. Revenues

Base Year: 2020
Table of Content
10.2.1. By Type
10.2.3. By Location
10.2.4. By Capacity
10.2.5. By Country
10.2.5.1. China Floating Solar Market Outlook, 2016-2026F
10.2.5.1.1.1. Revenues
10.2.5.1.2.1. By Type
10.2.5.2. Japan Floating Solar Market Outlook, 2016-2026F
10.2.5.2.1.1. Revenues
10.2.5.2.2.1. By Type
10.2.5.3. India Floating Solar Market Outlook, 2016-2026F
10.2.5.3.1.1. Revenues
10.2.5.3.2.1. By Type

Base Year: 2020
Table of Content
10.2.5.4. South Korea Floating Solar Market Outlook, 2016-2026F
10.2.5.4.1.1. Revenues
10.2.5.4.2.1. By Type
10.2.5.5. Australia Floating Solar Market Outlook, 2016-2026F
10.2.5.5.1.1. Revenues
10.2.5.5.2.1. By Type
11.Global Floating Solar Market Policies, Regulations, Product Standards
12.Global Floating Solar Market Pricing Analysis
13.Global Floating Solar Market Trends & Insights
14.Global Floating Solar Market Dynamics
14.1. Growth Drivers
14.2. Challenges
14.3. Impact Analysis
15.Global Floating Solar Market Hotspot & Opportunities
16.Global Floating Solar Market Key Strategic Imperatives for Success & Growth
17.Competition Outlook

Base Year: 2020
Table of Content
17.1. Competition Matrix
17.1.1. Product/ Solution Portfolio
17.1.2. Target Markets
17.1.3. Target End Users
17.1.4. Research & Development
17.1.5. Strategic Alliances
17.1.6. Strategic Initiatives
17.2. Company Profiles of Top Companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/
Partnerships, Future Plans)
17.2.1. Solaris Synergy
17.2.2. Sunengy Pty Ltd
17.2.3. Vikram Solar
17.2.4. Ciel & Terre International
17.2.5. KYOCERA Corporation
17.2.6. Novaton AG
17.2.7. Pristine Sun LLC
17.2.8. SPI Energy Co., Ltd.
17.2.9. Yingli Solar
17.2.10. JA Solar Technology Co. Ltd.
17.2.11. Ocean Sun AS
17.2.12. Quant Solar

Base Year: 2020
Table of Content
17.2.13. Sharp Corporation
17.2.14. Tata Power Solar System Ltd.
17.2.15. Swimsol GmbH
18. Disclaimer

Document Outline
Sample Pages
16
Respondent Profile
22
Table of Content
Commercials
Company Profile
About the company
Contact Details
02
58
60
62

Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.
Global Floating Solar Market Outlook, 2016-2026F

Global Floating Solar Market Analysis, 2016-2026F
Source: MarkNtel Advisors, E: Estimated, F: Forecast
Figure XX: Global Floating Solar Market Revenues (USD Million), 2016- 2026F
• The global floating solar installations across the globe have opened up new possibilities for ascending solar generating capacity, especially
in countries with high population density coupled with the growing need for electricity and competing uses for available land. They have
certain advantages over land-based systems, including utilization of existing electricity transmission infrastructure at hydropower sites,
proximity to demand centers, and improved energy yield thanks to the cooling effects of water and the decreased presence of dust
• The declining per unit cost owing to the massive focus of governments in Asia on solar power has been providing a boost to the growth of
the floating solar market. Besides, subsidies in the forms of direct benefits, tax holidays, single-window clearances for solar projects in the
Asia Pacific and Africa region have been boosting the installation of FPV.
Market at a Glance
2016 2017 2018 2019 2020 2021F 2022F 2023F 2024F 2025F 2026F
CAGR
CAGR
Revenue: XX% Revenue: 14.5%
COVID Aftermath

Global Floating Solar Market Analysis, 2016-2026F
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Annual installed FPV capacity Cumulative installed FPV capacity
Figure XX: Global Installed Floating PV Capacity And Annual Additions (MW), 2016-2026
Investments Proposed
1. X MW by X in China
2. X MW by X in China
3. X
4. X
5. X
6. X
7. X
8. X
9. X
Source: MarkNtel Advisors

Global Floating Solar Market, By Type (1/4)
Market Size, By Type (USD Million)
• The general layout of an FPV system is similar to that of a land-based PV system, other than the fact that the PV arrays and often the
inverters are mounted on a floating platform. The direct current (DC) electricity generated by PV modules is gathered by combiner boxes
and converted to alternating current (AC) by inverters. For small-scale floating plants close to shore, it is possible to place the inverters on
land— that is, just a short distance from the array. Otherwise, both central or string inverters on specially designed floats are typically
used. The platform, together with its anchoring and mooring system, is an integral part of any FPV installation. In 2020, stationary
Stationary Solar Tracking
Overview
Inner Circle: 2020; Outer Circle: 2026
Market Share, By Type
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Stationary XX XX XX XX XX XX XX XX XX XX XX
Solar Tracking XX XX XX XX XX XX XX XX XX XX XX
Figure XX: Global Floating Solar Market Revenue Share (%) 2020 & 2026, & Market Revenue (USD Million), By Type, 2016- 2026F
*These are dummy charts and do not represent actual value

Global Floating Solar Market, Growth Analysis By Type (3/4)
CAGR 2021-2026F
Market
Share
(%)
High
High
Low
XX Growth, XX Market Share
1. Stationary
Market Share Analysis
• Floating solar panels, being a viable, efficient, and
cost-friendly alternative to ground mounted PV
systems, are being adopted extensively all over,
boosting floating solar panels market. In addition,
stringent government rules to curb the GHG
emissions will also propel this industry in the next
few years.
• In 2020, stationary solar panels grabbed around
X% of the share on account of massive XX involved
in XX in addition to lack of water XX with large XX
and XX continue to impact the major XX and XX of
the countries such as XX and XX in Europe and
Asia Pacific
Source: MarkNtel Advisors,
0%
50%
100%
0% 13% 25%
Figure XX: Global Floating Solar Market Opportunity Metrix, By Revenues By Type, 2021-26
XX
Stationary

Global Floating Solar Market, By Technology (1/4)
Market Size, By Technology (USD Million)
• The term floating PV (FPV) may be used to refer to any type of PV system installed on water bodies, such as lakes, reservoirs,
hydroelectric dams, mining ponds, industrial and irrigation ponds, water treatment ponds, and coastal lagoons.. In most cases,
Photovoltaic are usually mounted on a pontoon-based floating structure. Such type of floating solar grabbed the XX market share in 2020.
The growing demand for Photovoltaic floating platforms are anchored and moored at a fixed location.
• Floating solar has the potential to become a third pillar of PV deployment and application, complementing ground-mounted (or land-
Photovoltaic Dominated the Global Market
Market Share, By Technology
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Photovoltaic XX XX XX XX XX XX XX XX XX XX XX
Concentrated
Solar Power
XX XX XX XX XX XX XX XX XX XX XX
Figure XX: Global Floating Solar Market Revenue Share (%) 2020 & 2026, & Market Revenue (USD Million), By Source, 2016- 2026F
Photovoltaic Concentrated Solar Power

Global Floating Solar Market, By Capacity (1/8)
Market Size, By Capacity (USD Million)
• Solar panels with a capacity between 1 to 5 MW are extensively utilized for large-scale photovoltaic projects, which will propel floating
solar panel market size from 1 to 5 MW capacity. Owing to the huge investments by private and public parties, this industry is slated to
surpass an installation volume of 900 MW by 2026. The governments of various nations have been tirelessly working toward achieving
extensive utilization of floating solar panels. In lieu of this fact, many of them have been providing supportive financial schemes such as
feed-in tariffs, tax rebates, subsidies, and the like, which will augment on-grid floating solar panels market. Its counterpart, the off-grid
0.1-1 MW 1-5 MW ≥ 5 MV
Introduction
Market Share, By Capacity
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
0.1-1 MW XX XX XX XX XX XX XX XX XX XX XX
1-5 MW XX XX XX XX XX XX XX XX XX XX XX
≥ 5 MV XX XX XX XX XX XX XX XX XX XX XX
Figure XX: Global Floating Solar Market Revenue Share (%) 2020 & 2026, & Market Revenue (USD Million), By Capacity, 2016- 2026F

Global Floating Solar Market, By Capacity (3/8)
Figure XX: Global Distribution of FPV Plants and their Sizes (MWP), 2016-2026F
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
<2MWp 2-3 MWp 3-5MWp 5 to 15MWp >15 MWp
China Japan South Korea
Taiwan The UK Others
China Japan South Korea Taiwan TheUK Others
X
MWp
X
MWp
2020
2026

Global Floating Solar Market, Growth Analysis By Capacity (4/8)
CAGR 2021-2026F
Market
Share
(%)
High
High
Low
1. ≥ 5 MV
Beginning in 2013,FPV installations larger than 1
MWp started to emerge, mainly in Japan and Korea,
then in China. Interest in FPV has since grown
rapidly: large FPV plants (i.e., with peak capacity in
the tens and even hundreds of megawatts) are being
installed or planned around the world, and especially
in China and Southeast Asia but many tenders for
floating solar are also announced in India. Eastern
China, for example, is highly populated and has
limited available land but abundant water bodies. In
Southeast Asia, meanwhile, FPV could unlock the
huge additional capacity of the region’s many
existing hydropower plants, for example, along the
0%
50%
100%
0% 13% 25%
Figure XX: Global Floating Solar Market Opportunity Metrix, By Revenues By Capacity, 2021-26
XX
XX
XX

Global Floating Solar Market, By Location (1/4)
Market Size, By Location (USD Million)
• FPV systems can be installed on a wide variety of water bodies such as industrial ponds, hydropower reservoirs, agricultural ponds as
well as other types of man-made water bodies like flood control reservoirs. All these applications are mainly inland freshwater bodies.
• However, FPV systems can also be built offshore or near-shore. The layout of the PV plant is generally similar to that of land-based
installations, except in the case of smaller floating plants located close to shore, which offer the option of placing the nverters on land,
i.e., separated from the PV array.
Onshore Offshore
Onshore Would Continue to Register Considerable Growth
Market Share, By Location
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Onshore XX XX XX XX XX XX XX XX XX XX XX
Offshore XX XX XX XX XX XX XX XX XX XX XX
Figure XX: Global Floating Solar Market Revenue Share (%) 2020 & 2026, & Market Revenue (USD Million), By Location, 2016- 2026F
*Others include turf care, ornamental products, and sports fields

Global Floating Solar Market, Growth Analysis By Location (3/4)
CAGR 2021-2026F
Market
Share
(%)
High
High
Low
1. Offshore
Offshore or near-shore FPV is conceptually similar to
FPV on inland water bodies. However, offshore or
nearshore environments present some additional
challenges and difficulties:
• Water surface conditions are much rougher
because waves and winds are higher.
• Mooring and anchoring becomes even more
critical due to tidal movements and currents. The
salinity of seawater is tougher on components.
Bio-fouling is much more likely. The more
stringent requirements for floats, anchors, and
components imposed by the harsher environment
may necessitate a different platform design or the
0%
50%
100%
0% 13% 25%
Figure XX: Global Floating Solar Market Opportunity Metrix, By Revenues By Location, 2021-26
XX
XX

Global Floating Solar Market (INSTALLED CAPACITY < 5 MWp)
Name of the
Company
Country of Origin Services Offered
Location of
completed FPV
projects
FPV technology
Total
FPV
capacity
installed
(MWp)
Total FPV
capacity under
development/
construction
(MWp)
Ciel & Terre France XX Global
Specialized pure
HDPE floats
~340 XX
Jintech New XX XX XX XX XX XX
Kyoraku Co. XX XX XX XX XX XX
LG CNS XX XX XX XX XX XX
LS Industrial XX XX XX XX XX XX
NorthMan XX XX XX XX XX XX
Technology XX XX XX XX XX XX
SCG XX XX XX XX XX XX
Scotra Co. XX XX XX XX XX XX
Sumitomo XX XX XX XX XX XX
Sungrow XX XX XX XX XX XX

Asia Pacific Floating Solar Market Analysis, 2016-2026F
Source: MarkNtel Advisors, E: Estimated, F: Forecast
Figure XX: Asia Pacific Floating Solar Market Revenues (USD Million) , 2016- 2026F
• The Asia Pacific has emerged as the hotbed for floating solar due to its climatic conditions, an abundance of reservoirs, and rising focus on reducing
the reliance on externally purchased energy. To boost these strategic values, the governments in the Asia Pacific have been proactively investing in
capacity creation. Besides, the financing support from the global financial institutions such as the World Bank, Asian Development Bank is also
available to several countries .
• The Asian Development Bank also performed a preliminary opportunity assessment of FPV in Sulawesi and Kalimantan by identifying six sites with a
cumulative capacity of 975 MWp. It estimated FPV potential to be in the range of several gigawatts at similar sites (e.g., hydropower reservoirs,
estuaries, bays) across the country. In 2019, the bank announced to finance two FPV systems in Bangladesh, including one of 50 MW, which will be
built on Kaptai Lake in the Chittagong district.
Asia Pacific Dominated the Global Market
Revenue: XX% Revenue: XX%
2016 2017 2018 2019 2020 2021F 2022F 2023F 2024F 2025F 2026F
Revenue (USD million) Volume (Kilogram)
CAGR
CAGR

Asia Pacific Floating Solar Market, By Type (1/4)
Market Size, By Type (USD Million)
• XX
• XX
• XX
Stationary Solar Tracking
Overview
Market Share, By Type
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Stationary XX XX XX XX XX XX XX XX XX XX XX
Solar Tracking XX XX XX XX XX XX XX XX XX XX XX
Figure XX: Asia Pacific Floating Solar Market Revenue Share (%) 2020 & 2026, & Market Revenue (USD Million), By Type, 2016- 2026F

Document Outline
Sample Pages
Respondent Profile
Table of Content
Commercials
Company Profile
About the Company
60
Contact Details 62
58
22
16
02

+1 (613) 707-5086, +91 8719999009
sales@marknteladvisors.com

Global Floating Solar Market Analysis

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