Onshore Floating Solar Market Revenue was valued at USD 2.5 Billion in 2024 and is estimated to reach USD 12 Billion by 2033, growing at a CAGR of 20.5% from 2026 to 2033.
The Asia Pacific Onshore Floating Solar Market Has Emerged As A Key Player In The Renewable Energy Sector, Offering A New Way To Harness Solar Power While Addressing Land Use Limitations. As Industries Across The Region Seek Sustainable And Cost-Effective Energy Solutions, Floating Solar Systems, Positioned On Bodies Of Water Such As Reservoirs, Lakes, And Coastal Areas, Are Becoming Increasingly Attractive. These Systems Maximize Land Usage Efficiency, An Essential Factor For Countries Like Japan, China, And India, Where Land For Traditional Solar Installations Is Scarce.
Onshore Floating Solar Technology Has Gained Significant Traction Due To Its Numerous Benefits Over Traditional Land-Based Solar Systems. One Of The Most Compelling Factors Is The Reduction In Land Competition. By Utilizing Bodies Of Water That Would Otherwise Remain Underused, Businesses Can Access Renewable Energy Without Sacrificing Valuable Land For Agriculture Or Urban Development. Floating Solar Installations Are Also More Efficient, As Water Bodies Help Cool The Panels, Increasing Energy Generation. This Cooler Temperature Effect Can Boost The Efficiency Of Solar Cells By Up To 10%, Leading To A More Consistent And Reliable Power Output.
Industry Requirements For Onshore Floating Solar Solutions In The Asia Pacific Region Revolve Around Efficiency, Scalability, And Environmental Sustainability. Industries Like Manufacturing, Agriculture, And Utilities Seek Cost-Effective, Sustainable Energy Sources To Meet Growing Energy Demands And Comply With Stringent Environmental Regulations. These Sectors Are Increasingly Turning To Onshore Floating Solar Systems As A Means To Meet Renewable Energy Targets, Reduce Carbon Emissions, And Maintain Profitability In The Face Of Rising Energy Prices. Additionally, There Is A Growing Need For Innovative Technology That Can Support Larger-Scale Installations And Integrate Seamlessly With Existing Grid Infrastructure.
Governments Across Asia Pacific Are Also Playing A Crucial Role By Offering Subsidies And Incentives To Promote Floating Solar Projects. These Efforts Align With National Renewable Energy Goals, Which Often Include Ambitious Targets For Clean Energy Generation. As Technology Continues To Evolve, The Cost Of Floating Solar Installations Is Expected To Decrease, Making It Even More Appealing To Industries Across The Region. Furthermore, Industries Are Looking For Systems That Offer Easy Maintenance, Enhanced Durability In Harsh Environmental Conditions, And Greater Energy Storage Capabilities To Address Grid Stability Concerns.
As The Asia Pacific Onshore Floating Solar Market Continues To Grow, Its Impact On Energy Generation Will Only Increase, Driving Both Technological Advancements And Environmental Sustainability Initiatives In The Region.
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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
By 2030, Asia Pacific is expected to witness significant momentum in the market research industry, aligning with the global projection of surpassing $120 billion, driven by a compound annual growth rate (CAGR) of over 5.8% from 2023 to 2030. The industry in Asia Pacific is being reshaped by technological disruptions, particularly through the adoption of machine learning, artificial intelligence, and advanced data analytics. These technologies provide businesses with predictive analysis and real-time consumer insights, enabling smarter and more precise decision-making. As part of the broader Asia-Pacific region, Asia Pacific is positioned to contribute substantially to the over 35% revenue growth expected from this region. Additionally, the adoption of innovative techniques such as mobile surveys, social listening, and online panels is rapidly gaining ground in Asia Pacific, emphasizing speed, precision, and customization, and driving a new era of data-driven strategies across industries.
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Growing demand for below applications around the world has had a direct impact on the growth of the Asia Pacific 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 Asia Pacific 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. Asia Pacific Onshore Floating Solar Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Asia Pacific Onshore Floating Solar Market, By Type
6. Asia Pacific Onshore Floating Solar Market, By Application
7. Asia Pacific Onshore Floating Solar Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Asia Pacific
Vietnam
8. Asia Pacific Onshore Floating Solar Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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