Top 20 Marine Tech Solution Companies - 2020

A longside ground-mounted and rooftop photovoltaics (PV), floating solar PV (FPV) is often hailed as the future third pillar of the marine industry as well as the global PV market. FPV, widely referred as floatovoltaics are designed and installed to float on water bodies such as reservoirs, hydroelectric dams, ponds, lakes, and lagoons. The solar panels are usually mounted upon a pontoon-based floating structure, which is anchored and moored in order to keep the apparatus fixed. At present, more than sixty countries are actively pursuing the deployment of FPV, from which thirty-five countries are home to an estimated three hundred operational FPV systems. Although still considered a niche, FPV is projected to experience an average growth rate of above 20% in the coming years.

However, FPV has its fair share of challenges like higher capital costs, the potential for contamination of water, limited understanding of the technology, unavailability/ limited knowhow of appropriate quality standards, technical specifications. With the Marine Tech landscape in constant flux, it is incredibly challenging for even the top tech analysts, let alone industrialists themselves, to predict which providers they will be relying on in the next five years. To help organizations and leaders select the best vendors and advance their business initiatives, CIOReview magazine’s editorial board has carefully assessed and shortlisted a handful of Marine Tech companies that are at the forefront of providing cutting-edge marketing technology solutions such as Totora FPV and many more. These companies offer robust products coupled with innovative strategies that are distinctively prominent in the field.

We present to you “20 Most Promising Marine Tech Solution Providers – 2020.”