Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home Editor's Pick Market Research

Floating Solar Market to Expand at CAGR of 30% During Forecast Period

Urja Daily by Urja Daily
January 14, 2022
in Market Research
Reading Time: 3 mins read
0
Floating Solar
Share on FacebookShare on TwitterShare on Linkedin

ALBANY — According to TMR‘s report on the global floating solar market, the market is expected to reach valuation of US$ 27.7 Bn by the end of 2031. The global floating solar market is likely to benefit from rise in the consumption of solar energy globally. Besides, increasing investments in solar-based energy projects and growing awareness about sustainable energy are likely to boost the sales of floating solar in the near future.

The drive to develop green energy in various countries, along with reducing solar technology prices and evolving practices, has drawn investors to the market. These investors are largely motivated by returns and sustainable investment principles as a result of government regulations supporting green energy.

RELATED POSTS

Key Growth Drivers of the U.S. Charging-as-a-Service Market

Top 5 Emerging Opportunities in the LDPE Market

India, with a population of 1.4 billion people and one of the fastest-growing economies, is likely to play a critical role in the global energy segment. Through different government programs, the Indian government has made significant progress in boosting residents’ access to clean power in the recent years. For instance, the government introduced a production-linked incentive (PLI) plan of US$ 610.23 Mn in November 2020 for the building of high solar PV modules over a five-year period.

Key Findings of Market Report

  • Floating solar reduces the need for costly landmasses, particularly agricultural land, that are close to any substation in order to harvest solar energy. This decreases the cost of solar energy generation while simultaneously freeing up land for other uses.
  • Market players are continually working on optimizing the performance of solar panels and systems. One of the key advancements is the ability to track floating solar. The overall efficiency of floating solar panels is expected to improve as an outcome of implementation of this technology.
  • Floating solar also enhances water quality by obstructing sunlight, which is necessary for the photosynthesis process and thus, blocks development of algae in water. As a result, by shading the water, algae development in reservoirs is slowed down and the water remains clean.
  • The Netherlands is a leading country in the Europe floating solar market, and the market’s growth can be attributed to government backing for the development of floating solar panels. As part of its larger renewable energy policy, the government encourages installations of floating solar panels. The country’s Ministry of Infrastructure and Water Management formed the “Zon op Water” (“Sun on Water”) collaboration in 2017 with the goal of developing 2,000 MW of FPV by 2023.
  • Declining prices of solar technology, owing to technological advancements and favorable government policies, is likely to drive sales significantly during the forecast period, from 2021 to 2031

Global Floating Solar Market: Growth Drivers

  • Market players are planning to combine hydropower generation and floating solar panels to produce better outcomes, as hydropower reservoirs accommodate floating solar panels covering a larger area and generating considerably more electricity than existing capacity
  • Increasing power consumption, growing investments in solar-based energy projects, and expanding awareness about sustainable energy are projected to drive revenue generation opportunities in the global floating solar market

Global Floating Solar Market: Key Players

Some of the key market players are

  • Sharp Energy Solutions Corporation (Sharp Corporation)
  • GreenYellow (Thailand) Limited
  • Solarvest Holdings Berhad
  • JA SOLAR Technology Co., Ltd
  • Ciel & Terre International
  • Pristine Sun Corp

Global Floating Solar Market: Segmentation

Capacity

  • Below 5MW
  • 5MW – 50MW
  • Above 50MW

Type

  • Stationary Floating Solar Panels
  • Solar-Tracking Floating Solar Panels
Tags: Floating SolarSolar EnergyTMR
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

EV Adoption Accelerates

Key Growth Drivers of the U.S. Charging-as-a-Service Market

by Palak
June 27, 2025
0

The rapid transition towards clean energy and sustainable mobility has placed electric vehicles (EVs) at the forefront of the transportation...

LDPE Market

Top 5 Emerging Opportunities in the LDPE Market

by Palak
June 25, 2025
0

The Low Density Polyethylene Market is witnessing a significant surge in demand across multiple sectors. From flexible packaging to agriculture and...

E-bike

E-bike Market Trends 2025: What Every Investor and Manufacturer Needs to Know

by Palak
June 19, 2025
0

As the world shifts toward sustainable transportation, the electric bike or e-bike industry is gaining remarkable momentum. Investors and manufacturers...

Automotive HMI Market

Top 7 Trends Shaping the Automotive HMI Market in 2025

by Palak
June 17, 2025
0

The Automotive Human Machine Interface (HMI) Market is undergoing a transformative shift as vehicles become more intelligent, connected, and user-centric. In...

Bauxite Market

Top Bauxite Producing Countries and the Factors Driving Their Dominance

by Palak
June 16, 2025
0

The Bauxite Market in Focus The Bauxite Market is witnessing a strong upward trend, supported by the rising demand for aluminum in...

Next Post
Renom Energy Services

RENOM Bags Two Awards at 'India Wind Energy Forum 2021'

Solar Generator

Industrial Solar Generator Market to Reach $907.0 Mn

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

THDC

THDC Inks Deals for 184.08 MW Green Power Supply from Tehri PSP

June 28, 2025
World Bank

World Bank and IAEA Ink Pact to Promote Safe Nuclear Energy in Developing Nations

June 28, 2025

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

THDC Inks Deals for 184.08 MW Green Power Supply from Tehri PSP

World Bank and IAEA Ink Pact to Promote Safe Nuclear Energy in Developing Nations

Toyota Kirloskar Motor Partners with Ohmium to Advance Green Hydrogen Solutions in India

NSE Waives Transaction Charges on Electricity Futures Until December 2025

COMAU Unveils Innovative N-WG Welding Gun at Automatica 2025

An Exclusive Interview with Rachna Kango | Delta Electronics India Private Limited

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved