Market revenue in 2022 | USD 35.6 million |
Market revenue in 2030 | USD 180.2 million |
Growth rate | 22.5% (CAGR from 2022 to 2030) |
Largest segment | Stationary floating solar panels |
Fastest growing segment | Stationary Floating Solar Panels |
Historical data covered | 2018 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Stationary Floating Solar Panels, Tracking Floating Solar Panels |
Key Regions: U.S. , Japan , China , India , South Korea
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to floating solar panels market will help companies and investors design strategic landscapes.
stationary floating solar panels was the largest segment with a revenue share of 80.34% in 2022. Horizon Databook has segmented the Global floating solar panels market based on stationary floating solar panels, tracking floating solar panels covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for floating solar plants is expected to witness significant growth over the forecast period. This can be attributed to the rising need for renewable sources of energy including wind, hydropower and solar. Wind energy and hydropower are being widely installed across all the regions. However, the high cost associated with land acquisition is expected to be a major restraining factor for the market growth.
The penetration of floating solar plants is high in Japan owing to the need for renewable sources of energy with decreasing availability of land. In addition, limited reserves of natural resources are expected to have a positive impact on the market growth over the next nine years in the country.
Horizon Databook provides a detailed overview of global-level data and insights on the Global floating solar panels market , including forecasts for subscribers. This global databook contains high-level insights into Global floating solar panels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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