The latest report by MarkNtel Advisors, titled “Floating Solar Market Report By Type (Concrete Admixtures, Waterproofing Chemicals, Adhesives and Sealants, Flooring Compounds, Repair and Rehabilitation, Protective Coatings, Others), By End-User (Infrastructure (Roads and Bridges, Railways, Metros, Airports, Water Reservoirs, Energy), Commercial (Office Space, Rentals, Education Institutions, Hospitals, Hotels) Industrial (Cement, Iron, and Steel, Capital Goods, Automobiles, Pharmaceuticals, Paper, Petrochemicals, Food & Beverages) Residential (Elite Housing, Middle Class, Low-Cost Housing), Public Space (Government Building, Statues & Monuments)), other and Region 2024-2030”, offers a comprehensive analysis of the industry, which comprises insights on the Floating Solar Market research report.
What is the market outlook for Floating Solar?
The Floating Solar Market size is estimated to grow at a CAGR of around 38.21% during the forecast period 2024–30.
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Major Companies Operating in the Floating Solar Industry:
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, etc.
Floating Solar Market Report Segmentation:
By Type
-Stationary
-Solar Tracking
- Of both, Stationary Floating Solar Panels dominated the market with the largest share and are anticipated to prevail in the same trend during the forecast period.
By Technology
-Photovoltaic
-Concentrated Solar Power
By Location
-Onshore
-Offshore
By Capacity
-0.1-1 MW
-1-5 MW
-≥ 5 MV
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Regional Insights:
-Dubai
-Abu Dhabi
-Sharjah
-Northern Emirates
Global Floating Solar Market Driver: Increased Emphasis on Renewable Energy Sources: With the swiftly depleting fossil fuel reserves, the demand for sustainable power generation, like floating solar technology, is increasing at an astronomical pace. Solar energy is the fastest-growing renewable source due to the ample sunlight globally. Besides, benefits like sustainability, cost-effectiveness, low maintenance, excellent durability, & minimal effect on the environment are significantly propelling the use of floating solar plants worldwide, which, in turn, would drive the global market in the coming years.
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