Solar Floating Panel Market size is estimated to be USD 1.3 Billion in 2024 and is expected to reach USD 3.9 Billion by 2033 at a CAGR of 13.5% from 2026 to 2033.
In 2022, the global floating solar panels market was valued at approximately USD 35.6 million, with projections indicating substantial growth to over USD 180 million by 2030, reflecting a compound annual growth rate (CAGR) of 22.5% during this period. This growth is driven by the increasing demand for renewable energy and the efficient use of water bodies for solar power generation. Regionally, Asia Pacific dominated the market, accounting for over 71% of the global revenue in 2024. Countries like Japan, China, and India have been at the forefront, utilizing reservoirs and lakes for floating solar installations due to land constraints and supportive government policies. In North America, the floating solar panels market generated a revenue of USD 2.7 million in 2022 and is expected to grow at a CAGR of 23.7% from 2023 to 2030. The United States leads this growth, driven by the adoption of sustainable energy solutions and the integration of floating solar technology into existing energy grids. Europe also shows promising growth, with countries implementing favorable regulations to promote solar energy and address land scarcity issues. The expansion of the floating solar panel market across these regions highlights the global shift towards innovative and sustainable energy solutions.
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Ciel & Terre International
Sungrow Power Supply Co.
Ltd.
Seaflex AB
Swimsol GmbH
FloatPac Pty Ltd
4CSOLAR
Inc.
Waaree Group
Vikram Solar
Sharp Corporation
Sunhome Technology Co.
Ltd.
D3Energy
LLC
Seraphim Solar System Co.
Ltd.
Upsolar Global
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. 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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Solar Floating Panel Market
Thin Film Solar Panels
C-Si (Crystalline Silicon) Solar Panels
Integrated Solar Panels
Concentrated Photovoltaics (CPV)
Polycrystalline Silicon
Monocrystalline Silicon
Ampacity Conductors
Glass and Polymer Components
Agricultural Water Management
Industrial Sector Applications
Residential Energy Solutions
Commercial Power Supply
Fixed Mounting Systems
Adjustable Mounting Systems
Full Floating Systems
Hybrid Float and Ground Systems
Government and Public Sector
Private Enterprises
Residential Consumers
Utility Companies
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)
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1. Introduction of the Global Solar Floating Panel 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. Global Solar Floating Panel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Solar Floating Panel Market, By Type
6. Global Solar Floating Panel Market, By Application
7. Global Solar Floating Panel Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Solar Floating Panel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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