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  5. > Global Floating Solar Panels Market Size, Share, Development, Growth and Demand Forecast to 2020- Industry Insights by Product Type, Location

The solar photovoltaic (PV) panels are used, as eco-friendly and renewal energy based power generation technologies around the world. These solar panels are installed upon free land and roof tops. However, solar PV systems have a major drawback of occupying large land areas. Several countries around the world do not have large free-land areas, and hence could not implement solar PV systems on a large scale. These problems were addressed with the advent of floating solar panel technology. The floating solar panel technology utilizes water surface for the installation of solar panels. These floating solar power plants can be installed upon ponds, lakes, rivers, reservoirs and sea. The floating solar power plant comprises floating system (floating structure and floater). The floating solar panels have several advantages over land-mounted solar panels, such as increased efficiency and evaporation control. Solar panels work more efficiently at low temperature. Floating solar panels have increased efficiency, due to the cooling effect of water.

Based on locations, the global floating solar panels market can be segmented into on-shore floating solar panels and off-shore floating solar panels. Whereas, based on product type, the global floating solar panels market comprises stationary floating solar panels and solar-tracking floating solar panels. In 2014, the stationary floating solar panels accounted for the larger share in the global floating solar panels market. Asia-Pacific is the largest market for stationary floating solar panels, owing to high investment made by major solar panel manufacturers for the development of floating solar power plants and increased government support for floating solar power projects. For instance, in April 2015, Kyocera TCL Solar LLC, a joint venture of Kyocera Corporation and Century Tokyo Leasing Corporation accomplished the construction of two floating mega-solar power plants at Nishihira Pond and Higashihira Pond in Kato City, Hyogo Prefecture, Japan. The plants are expected to produce 3,300 megawatt hours of electricity per year.

Some of the major drivers fuelling the growth of the global floating solar panels market are increased government initiatives and stringent environmental regulations, no need for acquisition of large land areas, and increased efficiency of power generation. The rapid depletion of fossil fuels and global warming caused by their usage has shifted the global interest from conventional energy resources to green energy resources. The different governments across the globe have initiated several projects and schemes to promote and encourage the generation of renewable energy. With the advent of floating solar technology, several countries, such as Japan, the U.S., the U.K., France, Australia, India, and Brazil have started taking initiatives to develop floating solar power plants. Many of these countries are providing direct capital subsidies and tax benefits to the manufacturers of solar panels.

The lack of service providers and scarcity of free land areas is creating ample growth opportunities for the global floating solar panels market. However, high installation and maintenance cost is a major challenge in the global floating solar panels market.

The global floating solar panels market was valued at $3.89 million in 2014, and it is expected to grow with a CAGR of 116.1% during 2015 - 2020.

The key companies operating in the global floating solar panels market include Novaton AG, Ciel & Terre International, DNV GL AS, Infratech Industries, Inc., KYOCERA Corporation, SPI Solar, Pristine Sun, Yingli Green Energy Holding Company Limited, Trina Solar Limited and Sharp Corporation.

Table Of Contents

Global Floating Solar Panels Market Size, Share, Development, Growth and Demand Forecast to 2020- Industry Insights by Product Type, Location
Chapter 1. Research Scope and Methodology

1.1 Market Definition

1.2 Market Scope

1.2.1 Floating solar panels market breakdown by product type

1.2.2 Floating solar panels market breakdown by location

1.2.3 Floating solar panels market breakdown by geography

1.3 Research Methodology and Sources

Chapter 2. Executive Summary

2.1 Key Findings

2.2 Research Summary

Chapter 3. Market Outlook

3.1 Introduction

3.1.1 Value chain analysis

3.2 Opportunities in the Floating Solar Panels Market

3.2.1 Massive unexplored floating solar panels market across the globe

3.2.2 Lack of service providers in the global floating solar panels market

3.2.3 Lack of availability of large land masses in densely populated countries of Asia

3.2.4 High rate of depletion of fossil fuels and increasing demand for reduction of greenhouse gases

3.3 Factors Driving the Market and its Impact on Market Forecast

3.3.1 No need for acquisition of large land areas

3.3.2 Increased government initiatives and stringent environmental regulations

3.3.3 Increased efficiency of power generation

3.3.4 Technological advancements and increasing investment by major players for the installation and development of floating solar panels

3.3.5 Benefits associated with the conservation of water

3.3.6 Impact Analysis of Drivers on Market Forecast

3.4 Factors Hindering the Market and its Impact on Market Forecast

3.4.1 High cost of installation and maintenance along with lack of financing schemes by banks

3.4.2 Sea waves and tides hindering the growth of off-shore floating solar panels market

3.4.3 Impact Analysis of Restraints on Market Forecast

Chapter 4. Economic Analysis of Floating Solar Panels

4.1 Introduction

4.2 Investment

4.2.1 Cost of Components

4.3 Expense and Revenue Analysis

4.3.1 Scenario analysis of floating solar power generation

4.4 Conclusion

Chapter 5. Global Floating Solar Panels Market Size and Forecast (2014 - 2020)

5.1 Global Floating Solar Panels Market Breakdown by Product Type

5.1.1 Stationary floating solar panels

5.1.2 Solar-tracking floating solar panels

5.2 Global Floating Solar Panels Market Breakdown by Location

5.2.1 On-shore floating solar panels

5.2.2 Off-shore floating solar panels

5.3 Global Floating Solar Panels Market Breakdown by Region

Chapter 6. Floating Solar Panels Market Breakdown by Geography

6.1 North America Floating Solar Panels Market

6.1.1 North America floating solar panels market breakdown by country

6.1.2 North America floating solar panels market breakdown by product type

6.1.3 North America floating solar panels market breakdown by location

6.2 Europe Floating Solar Panels Market

6.2.1 Europe floating solar panels market breakdown by country

6.2.2 Europe floating solar panels market breakdown by product type

6.2.3 Europe floating solar panels market breakdown by location

6.3 Asia-Pacific Floating Solar Panels Market

6.3.1 Asia-Pacific floating solar panels market breakdown by country

6.3.2 Asia-Pacific floating solar panels market breakdown by product type

6.3.3 Asia-Pacific floating solar panels market breakdown by location

6.4 Rest of the World Floating Solar Panels Market

6.4.1 Rest of the World floating solar panels market breakdown by country

6.4.2 Rest of the World floating solar panels market breakdown by product type

6.4.3 Rest of the World floating solar panels market breakdown by location

Chapter 7. Competitive Analysis

7.1 Porter's Five Forces of Competitive Position Analysis

7.1.1 Bargaining power of buyers

7.1.2 Bargaining power of suppliers

7.1.3 Threat of new entrants

7.1.4 Intensity of rivalry

7.1.5 Threat of substitutes

7.2 Competitive Positioning of Key Players

7.2.1 Competitive positioning of global floating solar panels market, by product type and by location

7.2.2 Competitive positioning of companies in the global floating solar panels market, by region

Chapter 8. Company Profiles and Strategic Developments

8.1 Key Company Profiles

8.1.1 Novaton AG

8.1.1.1 Business overview

8.1.1.2 Product and service offerings

8.1.2 Ciel and Terre International

8.1.2.1 Business overview

8.1.2.2 Product and service offerings

8.1.3 DNV GL AS

8.1.3.1 Business overview

8.1.3.2 Product and service offerings

8.1.4 Infratech Industries, Inc.

8.1.4.1 Business overview

8.1.4.2 Product and service offerings

8.1.5 KYOCERA Corporation

8.1.5.1 Business overview

8.1.5.2 Product and service offerings

8.1.6 SPI Solar

8.1.6.1 Business overview

8.1.6.2 Product and service offerings

8.1.7 Pristine Sun

8.1.7.1 Business overview

8.1.7.2 Product and service offerings

8.1.8 Yingli Green Energy Holding Company Limited (Yingli Solar)

8.1.8.1 Business overview

8.1.8.2 Product and service offerings

8.1.9 Trina Solar Limited

8.1.9.1 Business overview

8.1.9.2 Product and service offerings

8.1.10 Sharp Corporation

8.1.10.1 Business overview

8.1.10.2 Product and service offerings

8.2 Strategic Developments in the Global Floating Solar Panels Market

Chapter 9. Appendix

9.1 List of Abbreviations





LIST OF TABLES

TABLE 1 SPECIFIC PRIMARY AND SECONDARY SOURCES USED FOR THIS PUBLICATION

TABLE 2 GLOBAL FLOATING SOLAR PANELS MARKET SNAPSHOT (2015 AND 2020)

TABLE 3 POPULATION DENSITY, PEOPLE PER SQUARE KILOMETER OF LAND AREA, (2001 AND 2014)

TABLE 4 FOSSIL FUEL ENERGY CONSUMPTION OF THE TOTAL ENERGY CONSUMPTION (2012)

TABLE 5 DRIVERS FOR THE MARKET: IMPACT ANALYSIS

TABLE 6 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS

TABLE 7 MAJOR INVESTMENTS IN RENEWABLES BY COUNTRIES, 2014

TABLE 8 GLOBAL TRENDS IN RENEWABLE ENERGY INVESTMENT, $ BN (2009-2014)

TABLE 9 COST OF COMPONENTS ACCORDING TO ANGLE OF INCLINATION

TABLE 10 PROJECT COST AND PAYBACK PERIOD

TABLE 11 PROJECT COST DETAILS

TABLE 12 TARIFF OF .06 US$/KWH FOR REST OF THE PROJECT LIFE

TABLE 13 TARIFF OF .08 US$/KWH FOR REST OF THE PROJECT LIFE

TABLE 14 TARIFF OF .09 US$/KWH FOR REST OF THE PROJECT LIFE

TABLE 15 TARIFF OF .11 US$/KWH FOR REST OF THE PROJECT LIFE

TABLE 16 GLOBAL FLOATING SOLAR PANELS MARKET BREAKDOWN BY PRODUCT TYPE, $M (2014 - 2020)

TABLE 17 GLOBAL FLOATING SOLAR PANELS MARKET BREAKDOWN BY PRODUCT TYPE, MEGAWATT (2014 - 2020)

TABLE 18 GLOBAL FLOATING SOLAR PANELS MARKET BREAKDOWN BY LOCATION , $M (2014 - 2020)

TABLE 19 GLOBAL FLOATING SOLAR PANELS MARKET BREAKDOWN BY LOCATION , MEGAWATT (2014 - 2020)

TABLE 20 ON-SHORE FLOATING SOLAR PANELS PROJECTS

TABLE 21 GLOBAL FLOATING SOLAR PANELS MARKET BREAKDOWN BY REGION, $M (2014 - 2020)

TABLE 22 GLOBAL FLOATING SOLAR PANELS MARKET BREAKDOWN BY REGION, MEGAWATT (2014 - 2020)

TABLE 23 NORTH AMERICA FLOATING SOLAR PANELS MARKET BREAKDOWN BY COUNTRY, $M (2014 - 2020)

TABLE 24 NORTH AMERICA FLOATING SOLAR PANELS MARKET BREAKDOWN BY COUNTRY, MEGAWATT (2014 - 2020)

TABLE 25 NORTH AMERICA FLOATING SOLAR PANELS MARKET BREAKDOWN BY PRODUCT TYPE, $M (2014 - 2020)

TABLE 26 NORTH AMERICA FLOATING SOLAR PANELS MARKET BREAKDOWN BY PRODUCT TYPE, MEGAWATT (2014 - 2020)

TABLE 27 NORTH AMERICA FLOATING SOLAR PANELS MARKET BREAKDOWN BY LOCATION , $M (2014 - 2020)

TABLE 28 NORTH AMERICA FLOATING SOLAR PANELS MARKET BREAKDOWN BY LOCATION , MEGAWATT (2014 - 2020)

TABLE 29 EUROPE FLOATING SOLAR PANELS MARKET BREAKDOWN BY COUNTRY, $M (2014 - 2020)

TABLE 30 EUROPE FLOATING SOLAR PANELS MARKET BREAKDOWN BY COUNTRY, MEGAWATT (2014 - 2020)

TABLE 31 EUROPE FLOATING SOLAR PANELS MARKET BREAKDOWN BY PRODUCT TYPE, $M (2014 - 2020)

TABLE 32 EUROPE FLOATING SOLAR PANELS MARKET BREAKDOWN BY PRODUCT TYPE, MEGAWATT (2014 - 2020)

TABLE 33 EUROPE FLOATING SOLAR PANELS MARKET BREAKDOWN BY LOCATION , $M (2014 - 2020)

TABLE 34 EUROPE FLOATING SOLAR PANELS MARKET BREAKDOWN BY LOCATION , MEGAWATT (2014 - 2020)

TABLE 35 ASIA-PACIFIC FLOATING SOLAR PANELS MARKET BREAKDOWN BY COUNTRY, $M (2014 - 2020)

TABLE 36 ASIA-PACIFIC FLOATING SOLAR PANELS MARKET BREAKDOWN BY COUNTRY, MEGAWATT (2014 - 2020)

TABLE 37 ASIA-PACIFIC FLOATING SOLAR PANELS MARKET BREAKDOWN BY PRODUCT TYPE, $M (2014 - 2020)

TABLE 38 ASIA-PACIFIC FLOATING SOLAR PANELS MARKET BREAKDOWN BY PRODUCT TYPE, MEGAWATT (2014 - 2020)

TABLE 39 ASIA-PACIFIC FLOATING SOLAR PANELS MARKET BREAKDOWN BY LOCATION , $M (2014 - 2020)

TABLE 40 ASIA-PACIFIC FLOATING SOLAR PANELS MARKET BREAKDOWN BY LOCATION , MEGAWATT (2014 - 2020)

TABLE 41 REST OF THE WORLD FLOATING SOLAR PANELS MARKET BREAKDOWN BY COUNTRY, $M (2014 - 2020)

TABLE 42 REST OF THE WORLD FLOATING SOLAR PANELS MARKET BREAKDOWN BY COUNTRY, MEGAWATT (2014 - 2020)

TABLE 43 REST OF THE WORLD FLOATING SOLAR PANELS MARKET BREAKDOWN BY PRODUCT TYPE, $M (2014 - 2020)

TABLE 44 REST OF THE WORLD FLOATING SOLAR PANELS MARKET BREAKDOWN BY PRODUCT TYPE, MEGAWATT (2014 - 2020)

TABLE 45 REST OF THE WORLD FLOATING SOLAR PANELS MARKET BREAKDOWN BY LOCATION , $M (2014 - 2020)

TABLE 46 REST OF THE WORLD FLOATING SOLAR PANELS MARKET BREAKDOWN BY LOCATION , MEGAWATT (2014 - 2020)

TABLE 47 NOVATON AG - KEY FACTS

TABLE 48 CIEL and TERRE INTERNATIONAL - KEY FACTS

TABLE 49 DNV GL AS - KEY FACTS

TABLE 50 INFRATECH INDUSTRIES, INC. - KEY FACTS

TABLE 51 KYOCERA CORPORATION - KEY FACTS

TABLE 52 SPI SOLAR. - KEY FACTS

TABLE 53 PRISTINE SUN. - KEY FACTS

TABLE 54 YINGLI SOLAR. - KEY FACTS

TABLE 55 TRINA SOLAR LIMITED - KEY FACTS

TABLE 56 SHARP CORPORATION. - KEY FACTS



LIST OF FIGURES

FIG 1 RESEARCH SCOPE OF GLOBAL FLOATING SOLAR PANELS MARKET

FIG 2 RESEARCH METHODOLOGY FOR GLOBAL FLOATING SOLAR PANELS MARKET

FIG 3 VALUE CHAIN ANALYSIS OF GLOBAL FLOATING SOLAR PANELS MARKET

FIG 4 GLOBAL NEW INVESTMENT IN RENEWABLE ENERGY BY ASSET CLASS, $BN (2009-2014)

FIG 5 GLOBAL NEW INVESTMENT IN RENEWABLE ENERGY BY SECTOR, AND GROWTH, $BN (2013)

FIG 6 GLOBAL SMALL DISTRIBUTED CAPACITY INVESTMENT, $BN (2009-2014)

FIG 7 SMALL DISTRIBUTED CAPACITY INVESTMENT BY COUNTRY, $ BN (2014)

FIG 8 COMPONENTS OF FLOATING SOLAR PANEL

FIG 9 RENEWABLE POWER GENERATION COST INDICATORS AND BOUNDARIES

FIG 10 GLOBAL FLOATING SOLAR PANELS MARKET SIZE, $M (2014 - 2020)

FIG 11 GLOBAL FLOATING SOLAR PANELS MARKET SIZE, MEGAWATT (2014 - 2020)

FIG 12 GLOBAL FLOATING SOLAR PANELS MARKET SIZE BY PRODUCT TYPE, $M (2014 - 2020)

FIG 13 GLOBAL FLOATING SOLAR PANELS MARKET SIZE BY PRODUCT TYPE, MEGAWATT (2014 - 2020)

FIG 14 GLOBAL FLOATING SOLAR PANELS MARKET SIZE BY LOCATION, $M (2014 - 2020)

FIG 15 GLOBAL FLOATING SOLAR PANELS MARKET SIZE BY LOCATION, MEGAWATT (2014 - 2020)

FIG 16 GLOBAL FLOATING SOLAR PANELS MARKET SHARE BY REGION, BASED ON VALUE (2014)

FIG 17 GLOBAL FLOATING SOLAR PANELS MARKET SIZE BY REGION, $M (2014 - 2020)

FIG 18 GLOBAL FLOATING SOLAR PANELS MARKET SHARE BY REGION, BASED ON CAPACITY (2014)

FIG 19 GLOBAL FLOATING SOLAR PANELS MARKET SIZE BY REGION, MEGAWATT (2014 - 2020)

FIG 20 GLOBAL FLOATING SOLAR PANELS MARKET, BY COUNTRY

FIG 21 NORTH AMERICA FLOATING SOLAR PANELS MARKET SHARE, BY COUNTRY, BASED ON VALUE (2014 AND 2020)

FIG 22 NORTH AMERICA FLOATING SOLAR PANELS MARKET SHARE, BY COUNTRY, BASED ON CAPACITY (2014 AND 2020)

FIG 23 NORTH AMERICA FLOATING SOLAR PANELS MARKET SHARE, BY PRODUCT TYPE, BASED ON VALUE (2014 AND 2020)

FIG 24 NORTH AMERICA FLOATING SOLAR PANELS MARKET SHARE, BY PRODUCT TYPE, BASED ON CAPACITY (2014 AND 2020)

FIG 25 NORTH AMERICA FLOATING SOLAR PANELS MARKET SHARE, BY LOCATION, BASED ON VALUE (2014 AND 2020)

FIG 26 NORTH AMERICA FLOATING SOLAR PANELS MARKET SHARE, BY LOCATION, BASED ON CAPACITY (2014 AND 2020)

FIG 27 EUROPE FLOATING SOLAR PANELS MARKET SHARE, BY COUNTRY, BASED ON VALUE (2014 AND 2020)

FIG 28 EUROPE FLOATING SOLAR PANELS MARKET SHARE, BY COUNTRY, BASED ON CAPACITY (2014 AND 2020)

FIG 29 EUROPEAN FLOATING SOLAR PANELS MARKET SHARE, BY PRODUCT TYPE, BASED ON VALUE (2014 AND 2020)

FIG 30 EUROPE FLOATING SOLAR PANELS MARKET SHARE, BY PRODUCT TYPE, BASED ON CAPACITY (2014 AND 2020)

FIG 31 EUROPE FLOATING SOLAR PANELS MARKET SHARE, BY LOCATION, BASED ON VALUE (2014 AND 2020)

FIG 32 EUROPE FLOATING SOLAR PANELS MARKET SHARE, BY LOCATION, BASED ON CAPACITY (2014 AND 2020)

FIG 33 ASIA-PACIFIC FLOATING SOLAR PANELS MARKET SHARE, BY COUNTRY, BASED ON VALUE (2014 AND 2020)

FIG 34 ASIA-PACIFIC FLOATING SOLAR PANELS MARKET SHARE, BY COUNTRY, BASED ON CAPACITY (2014 AND 2020)

FIG 35 ASIA-PACIFIC FLOATING SOLAR PANELS MARKET SHARE, BY PRODUCT TYPE, BASED ON VALUE (2014 AND 2020)

FIG 36 ASIA-PACIFIC FLOATING SOLAR PANELS MARKET SHARE, BY PRODUCT TYPE, BASED ON CAPACITY (2014 AND 2020)

FIG 37 ASIA-PACIFIC FLOATING SOLAR PANELS MARKET SHARE, BY LOCATION, BASED ON VALUE (2014 AND 2020)

FIG 38 ASIA-PACIFIC FLOATING SOLAR PANELS MARKET SHARE, BY LOCATION, BASED ON CAPACITY (2014 AND 2020)

FIG 39 REST OF THE WORLD FLOATING SOLAR PANELS MARKET SHARE, BY COUNTRY, BASED ON VALUE (2014 AND 2020)

FIG 40 REST OF THE WORLD FLOATING SOLAR PANELS MARKET SHARE, BY COUNTRY, BASED ON CAPACITY (2014 AND 2020)

FIG 41 REST OF THE WORLD FLOATING SOLAR PANELS MARKET SHARE, BY PRODUCT TYPE, BASED ON VALUE (2014 AND 2020)

FIG 42 RSET OF THE WORLD FLOATING SOLAR PANELS MARKET SHARE, BY PRODUCT TYPE, BASED ON CAPACITY (2014 AND 2020)

FIG 43 REST OF THE WORLD FLOATING SOLAR PANELS MARKET SHARE, BY LOCATION, BASED ON VALUE (2014 AND 2020)

FIG 44 REST OF THE WORLD FLOATING SOLAR PANELS MARKET SHARE, BY LOCATION, BASED ON CAPACITY (2014 AND 2020)

FIG 45 PORTER'S FIVE FORCES OF COMPETITIVE POSITION ANALYSIS

FIG 46 COMPETITIVE POSITIONING OF GLOBAL FLOATING SOLAR PANELS MARKET, BY PRODUCT TYPE AND BY LOCATION ACROSS REGIONS

FIG 47 COMPETITIVE POSITIONING OF COMPANIES IN THE GLOBAL FLOATING SOLAR PANELS MARKET (2015)

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