Floating Solar Panels Market

Global Floating Solar Panels Industry Analysis, Size, Share, Growth, Trends, and Forecast 2025-2032 – (By Product Type, By Location, By Capacity, By End-use, By Geographic Coverage and By Company)

Published Date: Sep 2025 | Format: | No. of Pages: 199

Industry: Energy & Natural Resources


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Floating Solar Panels Market Growth and Industry Forecast

  • The global floating solar panels market is projected to be valued at US$ 6.2 Bn in 2025.
  • It is expected to reach US$ 26 Bn by 2032, expanding at a strong CAGR of 22.7% during 2025-2032.

Floating Solar Panels Market Snapshot, 2025 - 2032

Floating Solar Panels Market Summary: Key Insights & Trends

  • Stationary floating solar panels lead with over 70% share in 2025, driven by cost-effectiveness and suitability for reservoirs.
  • Tracking floating solar panels are set to grow above 25% CAGR, delivering up to 20% higher energy yields.
  • On-shore installations dominate with around 80% share in 2025, benefiting from easier access and grid proximity.
  • Off-shore projects expand rapidly at nearly 28% CAGR, leveraging durable marine platforms for large-scale deployments.
  • 5–50MW capacity projects hold over 50% share, offering scalable and economically viable solutions for industrial use.
  • Above-50MW projects grow fastest at close to 30% CAGR, driven by mega-reservoir farms in China and India.
  • Asia Pacific leads globally with a 25% CAGR, supported by strong policies in China, Japan, and India.
  • Hybrid floating solar-hydro systems deliver up to 40% higher utilization, creating key opportunities in North America and Africa.

A Look Back and a Look Forward - Comparative Analysis

Between 2019 and 2024, the floating solar panels market expanded steadily despite challenges, marked by early adoption in the Asia Pacific where land scarcity spurred large-scale water-based projects in China and India, driving pre-pandemic growth above 30% CAGR. COVID-19 disrupted supply chains and delayed installations, causing a 15–20% dip in 2020–2021, but recovery followed as renewable energy was prioritized in stimulus packages. By 2023–2024, hybrid floating solar-hydro projects in Europe and North America will accelerate deployment, with a focus shifting to resilient supply chains and digital monitoring.

From 2025 to 2032, the floating solar panels market is set for rapid expansion, supported by technology and policies. Cooling effects, energy storage integration, and cost declines of 20–30% will make projects more viable, especially in water-stressed regions. Growth in Africa and Latin America, alongside environmental benefits such as reduced evaporation and minimal land use, will attract over US$50 Bn in investments. International collaborations will ease regulatory hurdles, positioning floating solar as a key enabler of net-zero goals.

Key Growth Drivers

  • Floating Solar Adoption Accelerates as Nations Balance Energy Needs and Land Use

The floating solar panels market is propelled by the global push for renewable energy, with floating systems addressing land scarcity issues in densely populated areas. Floating solar can achieve up to 15% higher energy yields due to natural water cooling, making it ideal for countries such as China and India, where arable land is limited. The projections by the International Energy Agency have justified that renewable capacity must be tripled by 2030 to meet climate goals, with floating solar contributing significantly by utilizing underused water surfaces without competing with agriculture or urban development, thus enhancing energy security and sustainability.

  • Policy Incentives and Subsidies Drive Expansion of Floating Solar Projects Worldwide

Supportive policies and subsidies are key drivers, with governments offering tax credits, feed-in tariffs, and grants to accelerate adoption. For instance, in the Asia Pacific, initiatives such as India's Renewable Energy Roadmap target 500 GW of non-fossil fuel capacity by 2030, including floating solar projects. This is substantiated by data showing that policy-driven investments have led to a 25% annual increase in installations, justifying the growth as these measures reduce financial risks for developers and encourage public-private partnerships to scale up infrastructure.

  • Innovations in Floating Solar Panels Enhance Efficiency, Durability, and Water Management

Innovations in materials and design are driving the floating solar panels forward, with advancements such as bifacial panels and robust anchoring systems improving durability and output. Statistics indicate that modern floating systems can reduce water evaporation by up to 70% in reservoirs, providing dual benefits for water management in arid regions. Justified by research from the World Bank, these technologies lower the levelized cost of energy (LCOE) by 10-20%, making floating solar competitive with traditional ground-mounted systems and attracting investments in R&D for hybrid applications with wind or hydro power.

Floating Solar Panels Market US$ Bn 2025 - 2032

Key Restraints

  • Upfront Capital Costs Limit Floating Solar Expansion in Developing Energy Markets

The floating solar panels market faces restraints from elevated upfront costs associated with specialized platforms, mooring systems, and underwater cabling, which can be 20-30% higher than land-based solar. This is particularly challenging in developing regions with limited financing options, leading to slower project rollout; justification comes from market analyses showing that these costs deter small-scale investors, potentially stalling growth unless offset by long-term savings in energy production and maintenance.

  • Ecological Concerns and Technical Barriers Slow Global Floating Solar Deployment

Potential ecological impacts on aquatic ecosystems, such as altered water quality or habitat disruption, restrain the floating solar panels industry, alongside technical issues such as wave resistance and maintenance in harsh weather. Reports highlight that improper installations could affect marine life, justifying regulatory scrutiny that delays permits; this restraint is evident in regions such as Europe, where environmental assessments add 6-12 months to project timelines, impacting overall market expansion.

Floating Solar Panels Market Trends and Opportunities

  • Hybrid Floating Solar-Hydro Systems Boost Efficiency and Optimize Energy Infrastructure

Opportunities in the floating solar panels market arise from hybrid systems combining floating solar with hydropower dams or wind power grids, optimizing space and grid connections. This is supported by case studies showing up to 40% increased capacity utilization; justified by global trends, such integrations in reservoirs can generate additional revenue through water conservation, opening doors for expansions in North America and Africa where hydro infrastructure is abundant.

  • Emerging Economies Present Gigawatt-Scale Opportunities for Floating Solar Expansion

 The floating solar panels market has significant opportunities in emerging economies with abundant water resources and growing energy demands, such as in Southeast Asia and Sub-Saharan Africa. Data from recent projects indicate potential for gigawatt-scale developments; this is justified by funding from institutions such as the African Development Bank, enabling technology transfer and local job creation, thus fostering rapid market penetration and diversification.

Floating Solar Panels Market DROs

Segment-wise Trends & Analysis

  • Stationary Panels Lead Market While Tracking Systems Gain Strong Growth Momentum

Stationary floating solar panels hold the leading position, accounting for over 70% of installations due to their cost-effectiveness and simpler design, ideal for stable water bodies such as reservoirs. These panels dominate in large-scale projects, offering reliable performance with minimal maintenance, as seen in Asia Pacific deployments. Conversely, tracking floating solar panels are the fastest-growing segment, projected to expand at a CAGR exceeding 25%, driven by their ability to follow the sun's path for up to 20% higher energy output. This growth is fueled by advancements in automation and AI-driven trackers, making them attractive for high-yield applications in commercial and industrial sectors, despite higher initial costs, positioning them as a premium choice in the evolving floating solar panels market.

  • On-shore Sites Hold Majority While Off-shore Installations Expand Rapidly Worldwide

On-shore locations lead the floating solar panels market, comprising about 80% of the market share, as they are easier to access for installation and maintenance on inland water bodies such as lakes and ponds. This dominance is supported by lower logistical challenges and proximity to grid infrastructure, prevalent in regions such as Europe and Asia. Off-shore locations, however, are the fastest-growing, with a CAGR around 28%, owing to vast ocean potential and innovations in durable platforms resistant to marine conditions. Growth is accelerated by projects in coastal areas, offering scalability for gigawatt farms, though challenged by higher costs; this segment's expansion reflects the market's shift toward untapped marine resources for renewable energy.

  • Mid-Scale 5–50MW Projects Lead While Above 50MW Farms Accelerate

The 5MW-50MW capacity segment leads the floating solar panels industry, representing over 50% of projects, as it balances scalability with feasibility for utility-scale applications on medium-sized water bodies. This leadership is driven by cost efficiencies in deployment and suitability for hybrid integrations, common in industrial setups. The above-50MW segment is the fastest-growing, with a CAGR of approximately 30%, propelled by ambitious large-scale initiatives such as reservoir covers in Asia. Justified by increasing investments, this growth enables massive energy outputs, addressing utility demands, and highlights the market's trend toward mega-projects for grid stability.

  • Industrial Applications Lead Adoption While Government Sector Deployments Increase Significantly

Industrial end-use leads, capturing around 40% share, as factories and manufacturing hubs adopt floating solar for on-site power to reduce operational costs and meet sustainability mandates. This is evident in water-intensive industries such as mining, where panels on settling ponds provide dual benefits. Government end-use is the fastest-growing, at a CAGR over 25%, fueled by public sector initiatives for clean energy in reservoirs and dams, supported by policies aiming for carbon neutrality.

Regional Trends & Analysis

  • North America Witness a Strong Floating Solar Growth with U S Incentives

North America, particularly the U.S., is emerging as a significant player driven by federal incentives such as the Inflation Reduction Act 2022, promoting renewables. The U.S. market trends toward hybrid systems on reservoirs, with projects such as those in California addressing water evaporation amid droughts; key drivers include energy security and land conservation, with installations expected to grow 25% annually. Challenges such as permitting delays are offset by innovations from companies such as First Solar, positioning the region for substantial contributions to the global market.

Floating Solar Panels Market Regional Outlook, 2025 - 2032

  • Europe Advances Floating Solar Adoption Led by the Netherlands, France, and United Kingdom

Europe's market is led by the Netherlands, France, and the UK, where space constraints drive adoption on inland waters. In the Netherlands, dike-integrated projects are propelled by EU Green Deal targets for 45% renewables by 2030; France's focus on reservoir solar is driven by nuclear complementarity, while the UK's offshore innovations stem from net-zero ambitions. These drivers, including subsidies and R&D funding, foster a 20% CAGR, making Europe a hub for technological advancements in the floating solar panels market.

  • Asia Pacific Dominates Floating Solar Expansion with China, Japan, and India Leadership

Asia Pacific dominates with China, Japan, and India as leading countries. China's rapid deployment on lakes is driven by its 2060 carbon neutrality goal and land scarcity; Japan's post-Fukushima shift to renewable fuels and innovations in typhoon-resistant panels, while India's ambitious targets under the National Solar Mission propel projects such as Omkareshwar. Key drivers include government subsidies and population-driven energy demands, projecting a 25% CAGR and solidifying the region's leadership in the floating solar panels.

Competitive Landscape Analysis

The floating solar panels market features intense competition, with key players focusing on innovation, partnerships, and geographic expansion. Companies such as Ciel & Terre International emphasize modular designs for quick deployment, while Trina Solar invests in R&D for high-efficiency panels. Strategies include strategic alliances for technology transfer and vertical integration to control supply chains, enhancing competitiveness in the dynamic market.

Key Companies

  • GEITS
  • Wuxi Suntech Power Co. Ltd.
  • Yingli Solar
  • SPG Solar
  • Ciel & Terre International
  • Kyocera Corporation
  • Japan Mega Solar Power Co.
  • Suntech Power Holdings Co., Ltd.
  • Solaris Synergy
  • Trina Solar Limited
  • Sharp Corporation
  • JA Solar Technology Co., Ltd.
  • Vikram Solar Limited
  • Hanwha Group (Q CELLS)
  • LONGi Green Energy Technology Co., Ltd.
  • First Solar, Inc.
  • Yellow Tropus Pvt. Ltd.
  • Sulzer Ltd.
  • Sungrow Power Supply Co., Ltd.
  • Masdar Clean Energy

Recent Developments:

  • In April 2025, Masdar and PLN signed two new agreements in West Java, including exploring the expansion of their existing 145 MW floating solar plant at the Cirata reservoir, which began operations in November 2023. They also agreed to develop a new floating solar plant at the Jatigede Dam.
  • In May 2025, Sungrow FPV unveiled its SGF-TS30M floating PV system at Intersolar Europe. It features adjustable tilt angles of 5 to 15 degrees, not tracking, and optimizes layouts to increase installed capacity by 10%–15% per unit area, boosting electricity generation. The system uses eco-certified floats and a customized anchoring system, with no mention of "AI-optimized anchors
  • In July 2025, Hanwha Ocean, a part of Hanwha Group, inaugurated a Global Engineering Center in Noida, India, to strengthen its offshore energy and defense capabilities by focusing on engineering design for offshore projects.

Global Floating Solar Panels Market Segmentation-

By Product

  • Tracking Floating Solar Panels
  • Stationary Floating Solar Panels

By Location

  • On-Shore
  • Off-Shore

By Capacity

  • Below 5MW
  • 5MW-50MW
  • Above-50MW

By End-use

  • Agricultural
  • Commercial
  • Industrial
  • Residential
  • Government

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

1. Executive Summary
    1.1. Global Floating Solar Panels Market Snapshot
    1.2. Future Projections
    1.3. Key Market Trends
    1.4. Regional Snapshot, by Value, 2025
    1.5. Analyst Recommendations

2. Market Overview
    2.1. Market Definitions and Segmentations
    2.2. Market Dynamics
        2.2.1. Drivers
        2.2.2. Restraints
        2.2.3. Market Opportunities
    2.3. Value Chain Analysis
    2.4. COVID-19 Impact Analysis
    2.5. Porter's Fiver Forces Analysis
    2.6. Impact of Russia-Ukraine Conflict
    2.7. PESTLE Analysis
    2.8. Regulatory Analysis
    2.9. Price Trend Analysis
        2.9.1. Current Prices and Future Projections, 2024-2032
        2.9.2. Price Impact Factors

3. Global Floating Solar Panels Market Outlook, 2019 - 2032
    3.1. Global Floating Solar Panels Market Outlook, by Product, Value (US$ Bn), 2019 - 2032
        3.1.1. Tracking Floating Solar Panels
        3.1.2. Stationary Floating Solar Panels
    3.2. Global Floating Solar Panels Market Outlook, by Location, Value (US$ Bn), 2019 - 2032
        3.2.1. On-Shore
        3.2.2. Off-Shore
    3.3. Global Floating Solar Panels Market Outlook, by Capacity, Value (US$ Bn), 2019 - 2032
        3.3.1. Below 5MW
        3.3.2. 5MW-50MW
        3.3.3. Above-50MW
    3.4. Global Floating Solar Panels Market Outlook, by End Use, Value (US$ Bn), 2019 - 2032
        3.4.1. Agricultural
        3.4.2. Commercial
        3.4.3. Industrial
        3.4.4. Residential
        3.4.5. Government
    3.5. Global Floating Solar Panels Market Outlook, by Region, Value (US$ Bn), 2019 - 2032
        3.5.1. North America
        3.5.2. Europe
        3.5.3. Asia Pacific
        3.5.4. Latin America
        3.5.5. Middle East & Africa

4. North America Floating Solar Panels Market Outlook, 2019 - 2032
    4.1. North America Floating Solar Panels Market Outlook, by Product, Value (US$ Bn), 2019 - 2032
        4.1.1. Tracking Floating Solar Panels
        4.1.2. Stationary Floating Solar Panels
    4.2. North America Floating Solar Panels Market Outlook, by Location, Value (US$ Bn), 2019 - 2032
        4.2.1. On-Shore
        4.2.2. Off-Shore
    4.3. North America Floating Solar Panels Market Outlook, by Capacity, Value (US$ Bn), 2019 - 2032
        4.3.1. Below 5MW
        4.3.2. 5MW-50MW
        4.3.3. Above-50MW
    4.4. North America Floating Solar Panels Market Outlook, by End Use, Value (US$ Bn), 2019 - 2032
        4.4.1. Agricultural
        4.4.2. Commercial
        4.4.3. Industrial
        4.4.4. Residential
        4.4.5. Government
    4.5. North America Floating Solar Panels Market Outlook, by Country, Value (US$ Bn), 2019 - 2032
        4.5.1. U.S. Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        4.5.2. U.S. Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        4.5.3. U.S. Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        4.5.4. U.S. Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
        4.5.5. Canada Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        4.5.6. Canada Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        4.5.7. Canada Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        4.5.8. Canada Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
    4.6. BPS Analysis/Market Attractiveness Analysis

5. Europe Floating Solar Panels Market Outlook, 2019 - 2032
    5.1. Europe Floating Solar Panels Market Outlook, by Product, Value (US$ Bn), 2019 - 2032
        5.1.1. Tracking Floating Solar Panels
        5.1.2. Stationary Floating Solar Panels
    5.2. Europe Floating Solar Panels Market Outlook, by Location, Value (US$ Bn), 2019 - 2032
        5.2.1. On-Shore
        5.2.2. Off-Shore
    5.3. Europe Floating Solar Panels Market Outlook, by Capacity, Value (US$ Bn), 2019 - 2032
        5.3.1. Below 5MW
        5.3.2. 5MW-50MW
        5.3.3. Above-50MW
    5.4. Europe Floating Solar Panels Market Outlook, by End Use, Value (US$ Bn), 2019 - 2032
        5.4.1. Agricultural
        5.4.2. Commercial
        5.4.3. Industrial
        5.4.4. Residential
        5.4.5. Government
    5.5. Europe Floating Solar Panels Market Outlook, by Country, Value (US$ Bn), 2019 - 2032
        5.5.1. Germany Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        5.5.2. Germany Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        5.5.3. Germany Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        5.5.4. Germany Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
        5.5.5. Italy Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        5.5.6. Italy Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        5.5.7. Italy Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        5.5.8. Italy Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
        5.5.9. France Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        5.5.10. France Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        5.5.11. France Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        5.5.12. France Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
        5.5.13. U.K. Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        5.5.14. U.K. Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        5.5.15. U.K. Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        5.5.16. U.K. Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
        5.5.17. Spain Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        5.5.18. Spain Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        5.5.19. Spain Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        5.5.20. Spain Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
        5.5.21. Russia Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        5.5.22. Russia Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        5.5.23. Russia Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        5.5.24. Russia Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
        5.5.25. Rest of Europe Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        5.5.26. Rest of Europe Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        5.5.27. Rest of Europe Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        5.5.28. Rest of Europe Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
    5.6. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Floating Solar Panels Market Outlook, 2019 - 2032
    6.1. Asia Pacific Floating Solar Panels Market Outlook, by Product, Value (US$ Bn), 2019 - 2032
        6.1.1. Tracking Floating Solar Panels
        6.1.2. Stationary Floating Solar Panels
    6.2. Asia Pacific Floating Solar Panels Market Outlook, by Location, Value (US$ Bn), 2019 - 2032
        6.2.1. On-Shore
        6.2.2. Off-Shore
    6.3. Asia Pacific Floating Solar Panels Market Outlook, by Capacity, Value (US$ Bn), 2019 - 2032
        6.3.1. Below 5MW
        6.3.2. 5MW-50MW
        6.3.3. Above-50MW
    6.4. Asia Pacific Floating Solar Panels Market Outlook, by End Use, Value (US$ Bn), 2019 - 2032
        6.4.1. Agricultural
        6.4.2. Commercial
        6.4.3. Industrial
        6.4.4. Residential
        6.4.5. Government
    6.5. Asia Pacific Floating Solar Panels Market Outlook, by Country, Value (US$ Bn), 2019 - 2032
        6.5.1. China Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        6.5.2. China Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        6.5.3. China Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        6.5.4. China Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
        6.5.5. Japan Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        6.5.6. Japan Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        6.5.7. Japan Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        6.5.8. Japan Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
        6.5.9. South Korea Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        6.5.10. South Korea Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        6.5.11. South Korea Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        6.5.12. South Korea Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
        6.5.13. India Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        6.5.14. India Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        6.5.15. India Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        6.5.16. India Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
        6.5.17. Southeast Asia Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        6.5.18. Southeast Asia Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        6.5.19. Southeast Asia Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        6.5.20. Southeast Asia Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
        6.5.21. Rest of SAO Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        6.5.22. Rest of SAO Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        6.5.23. Rest of SAO Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        6.5.24. Rest of SAO Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
    6.6. BPS Analysis/Market Attractiveness Analysis

7. Latin America Floating Solar Panels Market Outlook, 2019 - 2032
    7.1. Latin America Floating Solar Panels Market Outlook, by Product, Value (US$ Bn), 2019 - 2032
        7.1.1. Tracking Floating Solar Panels
        7.1.2. Stationary Floating Solar Panels
    7.2. Latin America Floating Solar Panels Market Outlook, by Location, Value (US$ Bn), 2019 - 2032
        7.2.1. On-Shore
        7.2.2. Off-Shore
    7.3. Latin America Floating Solar Panels Market Outlook, by Capacity, Value (US$ Bn), 2019 - 2032
        7.3.1. Below 5MW
        7.3.2. 5MW-50MW
        7.3.3. Above-50MW
    7.4. Latin America Floating Solar Panels Market Outlook, by End Use, Value (US$ Bn), 2019 - 2032
        7.4.1. Agricultural
        7.4.2. Commercial
        7.4.3. Industrial
        7.4.4. Residential
        7.4.5. Government
    7.5. Latin America Floating Solar Panels Market Outlook, by Country, Value (US$ Bn), 2019 - 2032
        7.5.1. Brazil Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        7.5.2. Brazil Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        7.5.3. Brazil Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        7.5.4. Brazil Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
        7.5.5. Mexico Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        7.5.6. Mexico Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        7.5.7. Mexico Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        7.5.8. Mexico Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
        7.5.9. Argentina Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        7.5.10. Argentina Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        7.5.11. Argentina Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        7.5.12. Argentina Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
        7.5.13. Rest of LATAM Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        7.5.14. Rest of LATAM Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        7.5.15. Rest of LATAM Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        7.5.16. Rest of LATAM Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
    7.6. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Floating Solar Panels Market Outlook, 2019 - 2032
    8.1. Middle East & Africa Floating Solar Panels Market Outlook, by Product, Value (US$ Bn), 2019 - 2032
        8.1.1. Tracking Floating Solar Panels
        8.1.2. Stationary Floating Solar Panels
    8.2. Middle East & Africa Floating Solar Panels Market Outlook, by Location, Value (US$ Bn), 2019 - 2032
        8.2.1. On-Shore
        8.2.2. Off-Shore
    8.3. Middle East & Africa Floating Solar Panels Market Outlook, by Capacity, Value (US$ Bn), 2019 - 2032
        8.3.1. Below 5MW
        8.3.2. 5MW-50MW
        8.3.3. Above-50MW
    8.4. Middle East & Africa Floating Solar Panels Market Outlook, by End Use, Value (US$ Bn), 2019 - 2032
        8.4.1. Agricultural
        8.4.2. Commercial
        8.4.3. Industrial
        8.4.4. Residential
        8.4.5. Government
    8.5. Middle East & Africa Floating Solar Panels Market Outlook, by Country, Value (US$ Bn), 2019 - 2032
        8.5.1. GCC Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        8.5.2. GCC Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        8.5.3. GCC Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        8.5.4. GCC Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
        8.5.5. South Africa Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        8.5.6. South Africa Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        8.5.7. South Africa Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        8.5.8. South Africa Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
        8.5.9. Egypt Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        8.5.10. Egypt Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        8.5.11. Egypt Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        8.5.12. Egypt Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
        8.5.13. Nigeria Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        8.5.14. Nigeria Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        8.5.15. Nigeria Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        8.5.16. Nigeria Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
        8.5.17. Rest of Middle East Floating Solar Panels Market Outlook, by Product, 2019 - 2032
        8.5.18. Rest of Middle East Floating Solar Panels Market Outlook, by Location, 2019 - 2032
        8.5.19. Rest of Middle East Floating Solar Panels Market Outlook, by Capacity, 2019 - 2032
        8.5.20. Rest of Middle East Floating Solar Panels Market Outlook, by End Use, 2019 - 2032
    8.6. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape
    9.1. Company Vs Segment Heatmap
    9.2. Company Market Share Analysis, 2024
    9.3. Competitive Dashboard
    9.4. Company Profiles
        9.4.1. GEITS
            9.4.1.1. Company Overview
            9.4.1.2. Product Portfolio
            9.4.1.3. Financial Overview
            9.4.1.4. Business Strategies and Developments
        9.4.2. Wuxi Suntech Power Co. Ltd.
            9.4.2.1. Company Overview
            9.4.2.2. Product Portfolio
            9.4.2.3. Financial Overview
            9.4.2.4. Business Strategies and Developments
        9.4.3. Yingli Solar
            9.4.3.1. Company Overview
            9.4.3.2. Product Portfolio
            9.4.3.3. Financial Overview
            9.4.3.4. Business Strategies and Developments
        9.4.4. SPG Solar
            9.4.4.1. Company Overview
            9.4.4.2. Product Portfolio
            9.4.4.3. Financial Overview
            9.4.4.4. Business Strategies and Developments
        9.4.5. Ciel & Terre International
            9.4.5.1. Company Overview
            9.4.5.2. Product Portfolio
            9.4.5.3. Financial Overview
            9.4.5.4. Business Strategies and Developments
        9.4.6. Kyocera Corporation
            9.4.6.1. Company Overview
            9.4.6.2. Product Portfolio
            9.4.6.3. Financial Overview
            9.4.6.4. Business Strategies and Developments
        9.4.7. Japan Mega Solar Power Co.
            9.4.7.1. Company Overview
            9.4.7.2. Product Portfolio
            9.4.7.3. Financial Overview
            9.4.7.4. Business Strategies and Developments
        9.4.8. Suntech Power Holdings Co., Ltd.
            9.4.8.1. Company Overview
            9.4.8.2. Product Portfolio
            9.4.8.3. Financial Overview
            9.4.8.4. Business Strategies and Developments
        9.4.9. Solaris Synergy
            9.4.9.1. Company Overview
            9.4.9.2. Product Portfolio
            9.4.9.3. Financial Overview
            9.4.9.4. Business Strategies and Developments
        9.4.10. Trina Solar Limited
            9.4.10.1. Company Overview
            9.4.10.2. Product Portfolio
            9.4.10.3. Financial Overview
            9.4.10.4. Business Strategies and Developments

10. Appendix
    10.1. Research Methodology
    10.2. Report Assumptions
    10.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2024

 

2019 - 2024

2025 - 2032

Value: US$ Billion

 

REPORT FEATURES

DETAILS

By Product Coverage

  • Tracking Floating Solar Panels
  • Stationary Floating Solar Panels

By Location Coverage 

  • On-Shore
  • Off-Shore

By Capacity Coverage

  • Below 5MW
  • 5MW-50MW
  • Above-50MW

By End Use Coverage

  • Agricultural
  • Commercial
  • Industrial
  • Residential
  • Government

Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of EU
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil 
    • Mexico 
    • Rest of Latin America 
  • The Middles East & Africa
    • GCC Countries 
    • South Africa 
    • Rest of Middle East & Africa

Leading Companies

  • GEITS
  • Wuxi Suntech Power Co. Ltd.
  • Yingli Solar
  • SPG Solar
  • Ciel & Terre International
  • Kyocera Corporation
  • Japan Mega Solar Power Co.
  • Suntech Power Holdings Co., Ltd.
  • Solaris Synergy
  • Trina Solar Limited
  • Sharp Corporation
  • JA Solar Technology Co., Ltd.
  • Vikram Solar Limited
  • Hanwha Group (Q CELLS)
  • LONGi Green Energy Technology Co., Ltd.
  • First Solar, Inc.
  • Yellow Tropus Pvt. Ltd.
  • Sulzer Ltd.
  • Sungrow Power Supply Co., Ltd.
  • Masdar Clean Energy

Report Highlights

Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porter’s 5 Forces Analysis, Historical Trend (2019-2024), Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain)

FAQs : Floating Solar Panels Market

The floating solar panels market size is projected at US$ 6.2 Bn in 2025.

The floating solar panels market is projected to grow at a 22.7% CAGR by 2032.

The floating solar panels market growth drivers include land-use efficiency, policy incentives, and technological innovations.

Asia-Pacific is a dominating region for the floating solar panels market.

Ciel & Terre International, Trina Solar, Kyocera Corporation, JA Solar Technology, and First Solar are some leading industry players in the floating solar panels market.

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

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