Onshore Floating Solar Market Size, Share, Growth Report 2032

Onshore Floating Solar Market

Onshore Floating Solar Market - By Component (PV Modules, Lightning Protection System, Anchoring System, and Inverter), By Type (Stationary and Tracking), By Application (Irrigation, Hydroelectric Dam, Water Treatment, and Quarry & Mining), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032

Category: Energy & Mining Report Format : PDF Pages: 132 Report Code: ZMR-6222 Published Date: May-2021 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 24.99 Billion USD 119.14 Billion 16.9% 2023

Onshore Floating Solar Market Insights

Zion Market Research has published a report on the global Onshore Floating Solar Market, estimating its value at USD 24.99 Billion in 2023, with projections indicating that it will reach USD 119.14 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 16.9% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Onshore Floating Solar Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

Global Onshore Floating Solar Market SizeRequest Free Sample

Onshore Floating Solar Market Industry Perspective:

The global Onshore Floating Solar market Size accrued earnings worth approximately 21 (USD Billion) in 2019 and is predicted to gain revenue of about 30 (USD Billion) by 2026, is set to record a CAGR of nearly 16.2% over the period from 2020 to 2026. The report offers an assessment and analysis of the Onshore Floating Solar market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

To know more about this report, Request A Sample Copy.

Onshore Floating Solar Industry Insights

Onshore floating solar techniques make utility of unoccupied water bodies including lakes and artificial basins for identifying and then generating solar energy. Apart from this, proponents of onshore floating solar technology are of the view that it can substantially increase the utility of renewable energy in emerging countries having dense populations and sparse land. The first floating solar system was launched in 2007 in Japan and then it was installed in France, Spain, the Republic of Korea, the U.S., and Italy on a small scale. Moreover, onshore solar floating panels have the ability to sustain extreme climatic conditions and this can bolster the expansion of the onshore floating solar industry in the years to come.

Onshore Floating Solar Market Growth Dynamics

The surge in the need for a constant supply of electricity in factories and continuous blackouts due to the lack of the production of electricity has translated into humungous demand for onshore floating solar panels, thereby driving onshore floating solar market trends. With the rise in the deployment of solar power units for producing electricity among the onshore solar energy service providers, the market for onshore floating solar is anticipated to register sizable growth over 2020-2026. Nonetheless, additional charges incurred as a result of the deployment of the onshore floating solar unit will hit the growth of the onshore floating solar market over the assessment timeline.

Onshore Floating Solar Market: Report Scope

Report Attributes Report Details
Report Name Onshore Floating Solar Market
Market Size in 2023 USD 24.99 Billion
Market Forecast in 2032 USD 119.14 Billion
Growth Rate CAGR of 16.9%
Number of Pages 132
Key Companies Covered Ciel and Terre International, Swimsol, Yellow Tropus Pvt. Ltd., Adtech Systems Limited, Sungrow, EDP S.A. (China Three Gorges Corporation), Ocean Sun AS, KYOCERA Corporation, and Waaree Energies Ltd.
Segments Covered By Component, By Application, By Type and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

 

Onshore Floating Solar Market Regional Landscape

Asia Pacific Market To Record Highest Gains Over 2020-2026

The expansion of the onshore floating solar industry in the Asia Pacific over the specified period is due to the large-scale need of sustainable energy and incessant power supply requirement in highly populous countries such as India and China. Apart from this, a rise in the number of manufacturing units in Asian countries due to industrialization and urbanization as well as the smart city concept gaining momentum in the countries such as China and India will foster business in the sub-continent over the prognostic period. Growing awareness about the abundant availability of solar energy in Asian countries and surging renewable energy trends in Asia Pacific will further promulgate the market size over the assessment timeline.

Competitive Landscape

Key players profiled in the study are 

  • Ciel and Terre International
  • Swimsol
  • Yellow Tropus Pvt. Ltd.
  • Adtech Systems Limited
  • Sungrow
  • EDP S.A. (China Three Gorges Corporation)
  • Ocean Sun AS
  • KYOCERA Corporation
  • Waaree Energies Ltd.

The global Onshore Floating Solar Market is segmented as follows:

By Component

By Application

By Type

  • Stationary
  • Tracking

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Surge in need of constant supply of electricity in factories and continuous blackouts due to lack of the production of electricity has translated into humungous demand for onshore floating solar panels, thereby driving onshore floating solar market trends. With rise in the deployment of solar power units for producing electricity among the onshore solar energy service providers, the market for onshore floating solar is anticipated to register sizable growth over 2020-2026. Nonetheless, additional charges incurred as a result of deployment of the onshore floating solar unit will hit the growth of onshore floating solar market over the assessment timeline.

According to Zion market research report, the global Onshore Floating Solar market accrued earnings worth approximately 21(USD Billion) in 2019 and is predicted to gain revenue of about 30(USD Billion) by 2026, is set to record a CAGR of nearly 16.2% over the period from 2020 to 2026.

Asia Pacific will contribute lucratively towards the global market size over the estimated timeline. The regional market surge is owing to large-scale need of sustainable energy and incessant power supply requirement in the highly populous countries such as India and China. Apart from this, rise in the number of manufacturing units in the Asian countries due to industrialization and urbanization as well as smart city concept gaining momentum in the countries such as China and India will foster the business in the sub-continent over the prognostic period. Growing awareness about abundant availability of solar energy in Asian countries and surging renewable energy trends in Asia Pacific will further promulgate the market size over the assessment timeline.

The key market participants include Ciel and Terre International, Swimsol, Yellow Tropus Pvt. Ltd., Adtech Systems Limited, Sungrow, EDP S.A. (China Three Gorges Corporation), Ocean Sun AS, KYOCERA Corporation, and Waaree Energies Ltd.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

twitter

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed