The Global Floating Solar Components Market size was valued at around USD 15.98 billion in 2024 and is projected to reach USD 144.92 billion by 2030. The market is also estimated to grow at a CAGR of around 43.98% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.

Global Floating Solar Components Market Driver:

Rising Inclination Towards Renewable Energy Generation to Propel Floating Solar Market Growth – The rising emission rates from fossil fuel combustion across the globe have necessitated the need for clean energy solutions. With emerging emission rates, and prevailing issues like global warming, ozone layer depletion, etc., the demand for renewable energy sources such as solar, hydro, etc., has been surging significantly. Moreover, the depletion of fossil fuels due to their finite nature is creating the demand for clean-energy solutions across the globe. As a result, there is a surging inclination toward renewable modes of energy generation driven by their abundance and reliability. For instance,

In 2023, as per the International Energy Agency, the renewable electricity capacity additions reached around 507 GW which was almost 50% higher than in 2022.

Solar energy generation holds a significant share of the total renewable energy generation across the globe. According to the International Energy Agency, in 2023, solar PV accounted for three-quarters of renewable capacity additions worldwide. Thus, with the increasing growth of renewable energy generation, the demand and establishment of solar power are also surging. Countries with water surroundings and limited land capacities for solar power plants are increasingly adopting floating solar solutions which is increasing their demand and augmenting the size & volume of the Global Floating Solar Market.

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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Floating Solar Components Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2024

-Historical Period: 2020 to 2023

-Forecast Period: 2025 to 2030

• By Type
  • Pure- Market Size & Forecast 2020-2030, USD Million
  • Metallic- Market Size & Forecast 2020-2030, USD Million
  • Membrane- Market Size & Forecast 2020-2030, USD Million
• By Waterbody
  • Inland- Market Size & Forecast 2020-2030, MW
    • Lakes/Ponds/Rivers- Market Size & Forecast 2020-2030, MW
    • Dams/Reservoirs- Market Size & Forecast 2020-2030, MW
    • Water Treatment Plants- Market Size & Forecast 2020-2030, MW
  • Marine- Market Size & Forecast 2020-2030, MW
• By Component
  • Service- Market Size & Forecast 2020-2030, USD Million
    • Construction- Market Size & Forecast 2020-2030, USD Million
    • Consultancy- Market Size & Forecast 2020-2030, USD Million
    • Maintenance- Market Size & Forecast 2020-2030, USD Million
  • Equipment- Market Size & Forecast 2020-2030, USD Million
• By Capacity
  • Upto 10 MW- Market Size & Forecast 2020-2030, Number of Projects
  • 10.1 MW to 50 MW- Market Size & Forecast 2020-2030, Number of Projects
  • 50.1 MW to 100 MW- Market Size & Forecast 2020-2030, Number of Projects
  • >100 MW- Market Size & Forecast 2020-2030, Number of Projects
• By Region
  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific  

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Iberdrola, Ciel & Terre International, RWE, Tractebel, Pristine Sun LLC, Enel Spa, SolarDuck, BayWa r.e., Ocean Sun AS, Quant Solar, ABL Group, NRG Energia srl, Sterling and Wilson Renewable Energy Limited, Sungrow, Scotra Co. Ltd., EnBW, Others are looking forward to strengthening their market positions.

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Global Floating Solar Components Industry Recent Development:

In 2023: Iberdrola installed its first floating solar PV power plant in Brazil with around 940 panels.

In 2022: EnBW, an energy company announced its plans to develop a 100 MW floating solar project in Germany's Saarland region.

Data-Driven Insights Backed by Proven Research

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