United States Floating Photovoltaics (FPV) Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 20.9% from 2024 to 2030.
The US Floating Photovoltaics (FPV) Market is rapidly emerging as a game-changer in the renewable energy sector, offering solutions to the ever-increasing demand for sustainable energy. Floating photovoltaic systems, which are installed on bodies of water such as reservoirs, lakes, and ponds, provide an innovative way to harness solar power. With the energy industry constantly evolving, this market is poised to grow significantly in the coming years. What makes this technology even more appealing is its ability to overcome land availability issues, offering a sustainable and space-efficient alternative to traditional solar panels.
The demand for Floating Photovoltaics (FPV) systems is driven by a combination of environmental and economic factors. Industries such as energy production, utilities, and manufacturing are increasingly exploring FPV as a viable solution to meet their renewable energy goals. Moreover, FPV systems provide an excellent opportunity for companies to reduce their carbon footprints while still meeting growing energy needs. Water bodies provide an ideal setting for these systems, as they not only help generate power but also offer the added benefit of cooling the solar panels, improving their efficiency. This makes them an attractive choice for regions with limited land space or for businesses looking to maximize energy production.
Furthermore, FPV systems are essential for industries seeking to embrace green energy solutions. The need for clean, renewable energy has never been greater, and floating photovoltaics can help industries meet sustainability targets without occupying precious land. Additionally, government incentives and regulations encouraging the use of renewable energy sources have provided a strong push for the FPV market's growth. Industries such as agriculture, water treatment, and power generation are increasingly incorporating FPV solutions to enhance their sustainability initiatives.
The Floating Photovoltaics (FPV) market's growth potential is reflected in its increasing adoption across various sectors. By utilizing large water bodies that are otherwise unused for energy generation, businesses can tap into renewable resources while saving on space and infrastructure costs. The rising demand for sustainable energy solutions ensures that Floating Photovoltaics will continue to play an important role in reshaping the energy landscape of the future. As technological advancements continue to improve efficiency and reduce costs, FPV will likely be at the forefront of renewable energy innovation.
Get an In-Depth Research Analysis of the US Floating Photovoltaics (FPV) Market Size And Forecast [2025-2032]
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
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.
Get Discount On The Purchase of the US Floating Photovoltaics (FPV) Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the US Floating Photovoltaics (FPV) Market
Crystalline Silicon
Thin-Film
Ground-Mounted FPV
Ballasted Floating Systems
Anchored Floating Systems
Solar Panels
Floating Structures
Inverters
Electrical Equipment
Utility-Scale
Commercial
Residential
Power Generation
Water Treatment
Hydropower Integration
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Floating Photovoltaics (FPV) Market Research Analysis
1. Introduction of the US Floating Photovoltaics (FPV) 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. US Floating Photovoltaics (FPV) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Floating Photovoltaics (FPV) Market, By Type
6. US Floating Photovoltaics (FPV) Market, By Application
7. US Floating Photovoltaics (FPV) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Floating Photovoltaics (FPV) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading US Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/