Japan Onshore Floating Solar Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 19.2% from 2024 to 2030.
Japan's onshore floating solar market has emerged as a promising solution for the country's growing energy demands, offering a sustainable and innovative way to harness solar power. Floating solar systems, which are installed on bodies of water such as reservoirs, ponds, or even lakes, are gaining popularity due to their efficiency and minimal land usage. This is particularly important in a densely populated country like Japan, where available land for traditional solar farms is limited. The onshore floating solar market in Japan has seen rapid growth, with industries increasingly turning to these technologies to meet their energy goals.
The primary requirement from industries in Japan for floating solar systems is their ability to generate high power output with minimal land disruption. Floating solar panels offer an efficient solution because water bodies reflect sunlight, improving panel efficiency by up to 10%. Additionally, these systems help reduce water evaporation and improve the overall quality of the water, making them environmentally beneficial in multiple ways. The Japanese government also plays a significant role in driving this market forward by offering incentives and subsidies for renewable energy initiatives, including floating solar power installations.
For industries in Japan, the demand for onshore floating solar technology is driven by the need for sustainable and cost-effective energy solutions. Companies in sectors such as manufacturing, electronics, and transportation are especially keen on adopting these systems as part of their renewable energy strategies. Floating solar also helps reduce the carbon footprint of industrial operations, aligning with Japan's ambitious net-zero emissions targets by 2050. Moreover, the integration of energy storage solutions with these systems is becoming an industry requirement, ensuring a consistent and reliable energy supply.
The growth of the onshore floating solar market is further supported by the increased efficiency and lowered costs of solar panel manufacturing. Companies are focused on technological innovations that enhance the performance of these systems, ensuring that they can withstand harsh environmental conditions such as typhoons or high winds. As the demand for renewable energy grows, industries across Japan are looking to incorporate floating solar into their energy infrastructure, benefiting from the high efficiency, minimal land use, and environmental advantages.
Industries in Japan are not just looking at floating solar systems as an alternative energy source but as an integral part of their long-term sustainability goals. By investing in these innovative solutions, they are positioning themselves as leaders in the renewable energy market, reducing dependence on fossil fuels, and contributing to the global effort to mitigate climate change. As the market for floating solar continues to expand, Japan is poised to become a key player in the global renewable energy landscape, providing an example for other nations to follow.
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Ciel and Terre International
Swimsol
Yellow Tropus Pvt. Ltd.
Adtech Systems Limited
Sungrow
EDP Group
Ocean Sun AS
Kyocera TCL Solar
Waaree Energies Ltd
ls electric
Mitsubishi
Hanwha
Akuo Energy SAS
Solar Energy Corporation of India
BayWa r.e. AG
Texel4Trading BV
NRG Island
BELECTRIC GmbH
Duke Energy
Trina Solar
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Onshore Floating Solar Market
Fixed Tilt Systems
Single-Axis Tracking Systems
Multi-Axis Tracking Systems
Solar Panels
Floating Platforms
Inverters
Ballasts
Electrical Components
Utility-Scale Projects
Commercial Projects
Industrial Projects
Residential Projects
New Installations
Retrofitting Existing Systems
Government & Public Sector
Private Sector
Research Institutions
Non-Governmental Organizations (NGOs)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Onshore Floating Solar Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Onshore Floating Solar Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Onshore Floating Solar Market, By Type
6. Japan Onshore Floating Solar Market, By Application
7. Japan Onshore Floating Solar Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Onshore Floating Solar Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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