Home > Energy & Power > Electrical Equipment > Solar Parts and Components > North America Floating Solar PV Market

North America Floating Solar PV Market Share

Report ID: GMI11630
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

North America Floating Solar PV Market Share

North America Floating Solar PV Market Company Share, 2023

The floating solar PV industry in North America is still emerging, but it is seeing increasing interest due to the region’s vast water bodies and growing demand for renewable energy. Most floating solar PV projects are concentrated in states with high solar adoption, such as California and New Jersey, where space constraints and water availability favor floating systems. Collaborations with local governments, utilities, and water management bodies are crucial for gaining traction in this market. Companies are also partnering with construction and engineering firms to build and scale installations.

North America Floating Solar PV Market Companies

Eminent players operating in the North America floating solar PV industry are:

Accu Solar
Ciel & Terre
Canadian Solar
CEV Canada
D3Energy
JJ PV Solar Limited
NJR Clean Energy Ventures
Pristine Sun
RETTEW
Solar Renewable Energy
SPI Energy
US Floating Solar
Yingli Solar

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market for floating solar PV in North America reached USD 18.83 million in 2023 and is anticipated to grow at a CAGR of 10% between 2024 and 2032.

The 5-15 MW segment is projected to exceed USD 3.5 billion by 2032, driven by deployments on reservoirs, wastewater treatment facilities, and other water bodies managed by local governments.

The stationary segment is forecasted to grow at a CAGR of over 8.5% through 2032.

The U.S. floating solar PV market is poised to surpass USD 30 billion by 2032.

Key players include Accu Solar, Ciel & Terre, Canadian Solar, CEV Canada, D3Energy, JJ PV Solar Limited, NJR Clean Energy Ventures, Pristine Sun, RETTEW, Solar Renewable Energy, SPI Energy, US Floating Solar, and Yingli Solar.