Floating Photovoltaics (FPV) Market, Global Outlook and Forecast 2023-2029

Floating photovoltaics (FPV), sometimes called floatovoltaics, is solar panels mounted on a structure that floats on a body of water, typically a reservoir or a lake. Floating solar systems help landowners benefit from otherwise underused bodies of water, such as coal quarries, mineral extraction pits or reservoirs. As opposed to conventional rooftop solar panels, floating ones perform between 5% to 15% better because of the cooling effect of the water, and are not impacted by shading from other buildings.
This report aims to provide a comprehensive presentation of the global market for Floating Photovoltaics (FPV), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Floating Photovoltaics (FPV). This report contains market size and forecasts of Floating Photovoltaics (FPV) in global, including the following market information:
Global Floating Photovoltaics (FPV) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Floating Photovoltaics (FPV) market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
PV Modules Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Floating Photovoltaics (FPV) include Sungrow, Ciel and Terre, BayWa r.e., LS Electric Co., Ltd., Trina Solar, Ocean Sun, Adtech Systems, Waaree Energies Ltd and Isigenere (Isifloating), etc. in 2022, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Floating Photovoltaics (FPV) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Floating Photovoltaics (FPV) Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Floating Photovoltaics (FPV) Market Segment Percentages, by Type, 2022 (%)
    PV Modules
    Floating Body and Anchoring System
    Inverter
    Others
Global Floating Photovoltaics (FPV) Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Floating Photovoltaics (FPV) Market Segment Percentages, by Application, 2022 (%)
    Utility
    Residential & Commercial
Global Floating Photovoltaics (FPV) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Floating Photovoltaics (FPV) Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Floating Photovoltaics (FPV) revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Floating Photovoltaics (FPV) revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Sungrow
    Ciel and Terre
    BayWa r.e.
    LS Electric Co., Ltd.
    Trina Solar
    Ocean Sun
    Adtech Systems
    Waaree Energies Ltd
    Isigenere (Isifloating)
    Swimsol
    Yellow Tropus
Outline of Major Chapters:
Chapter 1: Introduces the definition of Floating Photovoltaics (FPV), market overview.
Chapter 2: Global Floating Photovoltaics (FPV) market size in revenue.
Chapter 3: Detailed analysis of Floating Photovoltaics (FPV) company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Floating Photovoltaics (FPV) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.