The global demand for Onshore Floating Solar Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Onshore floating solar panel is a well-organized group of solar panels, which generates solar energy without requiring huge acres of land and without being compatible with various types of water. It is a movable structure and can be relocated. A floating solar panel is a reliable source of electricity and is a suitable substitute for a non-renewable energy source like fossil fuel. Unlike conventional solar panels, the onshore floating solar panel is based on floating PV technology. Besides, it is low on maintenance, cost-effective, and is a very useful source of renewable energy. It can be adjusted in accordance with the sun's position.
Market Dynamics
The rapid depletion of fossil fuel, increasing popularity of solar panels, and rising demand for uninterrupted power supply from industries and the rapidly growing population are the key driving factors for global onshore floating solar panel market growth. Manufacturers in Asia are planning to set up renewable energy plants and integrate them with power grids in order to achieve universal electrification, which will, in turn, increase the demand for solar panels. Furthermore, the growing interest in the commercial sector and the tax rebate given by the government on floating solar panels will expand the solar panel market. However, the high cost of installation will hinder onshore floating solar panel market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of onshore floating solar. The growth and trends of onshore floating solar industry provide a holistic approach to this study.
Market Segmentation
This section of the onshore floating solar market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
- PV Modules
- Lightning Protection System
- Anchoring System
- Inverter
By Application
- Irrigation
- Hydroelectric Dam
- Water Treatment
- Quarry & Mining
By Type
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Onshore Floating Solar market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Onshore Floating Solar Market Share by Region (Representative Graph)
Know more about this report: Download free sample
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the onshore floating solar market 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.. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.