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PUBLISHER: Grand View Research | PRODUCT CODE: 1588693
PUBLISHER: Grand View Research | PRODUCT CODE: 1588693
Floating Solar Panels Market Size, Share & Trends Analysis Report By Product Type (Tracking Floating Solar Panels, Stationary Floating Solar Panels), By Region, And Segment Forecasts, 2025 - 2030
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PAGES: 110 Pages
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Floating Solar Panels Market Growth & Trends:
The global floating solar panels market size is expected to reach USD 172.90 million in 2030 and is projected to grow at a CAGR of 23.0% from 2025 to 2030. The technical aspect of floating solar technology is projected to observe substantial growth over the estimated period owing to the growing demand for dependable renewable sources of energy for power generation. In addition, the reduction in land-related costs is likely to boost the demand over the forecast period. The stationary floating solar panels segment led the market in 2024. The segment is expected to keep its leading position over the forecast period. Stationary floating solar panels do not take up land area and are easy to install. These panels can be deployed easily on a body of water, such as a reservoir or a lake.
Stationary floating solar panels also double as shades for the water body, which reduces the evaporation of water. The increasing emphasis by various governments on the usage of renewable sources of energy for electricity generation coupled with efforts towards decreasing environmental pollution by reducing the dependence on fossil fuels is likely to have a positive influence on the market over the forecast period. Tracking floating solar panels are projected to witness increased demand over the forecast period owing to the augmented efficiency of the panels with a tracking technique. The increasing investments in R&D by manufacturers and installers to decrease the cost of the tracking technology are expected to strengthen market growth. Japan was the largest country-level market in 2019 due to the low availability of land and promising government initiatives to encourage the usage of renewable energy.
Floating Solar Panels Market Report Highlights:
- In terms of revenue, the stationery floating solar panels segment led the market with the largest revenue share of 80.51% in 2024. Stationary floating solar panels can be deployed easily on a body of water such as a reservoir or a lake.
- In 2024, Asia Pacific accounted for the largest revenue share. Countries like Japan and China are investing heavily into the adoption of floating solar panels, which drives the market growth.
- Various strategic initiatives were recorded over the past few years to boost the growth of the market.
- For instance, in October 2018, KYOCERA Corp. formed a joint venture with Tokyo Century to open the largest floating solar park in Japan.
- The floating solar park has a capacity of 13.7MW and is installed in Yamakura Dam reservoir in Ichihara, Chiba Prefecture, Japan.
Product Code: GVR-1-68038-354-6
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market segmentation & scope
- 1.2. Information procurement
- 1.2.1. Purchased database
- 1.2.2. GVR's internal database
- 1.2.3. Secondary sources & third-party perspectives
- 1.2.4. Primary research
- 1.3. Information analysis
- 1.3.1. Data analysis models
- 1.4. Market formulation & data visualization
- 1.5. Data validation & publishing
Chapter 2. Executive Summary
Chapter 3. Market Definitions
Chapter 4. Floating Solar Panels Market Variables, Trends & Scope
- 4.1. Market Size and Growth Prospects
- 4.2. Industry Value Chain Analysis
- 4.3. Raw Material Trends
- 4.4. Market Dynamics
- 4.4.1. Market Driver Analysis
- 4.4.2. Market Restraint Analysis
- 4.4.3. Opportunity Assessment
- 4.5. Penetration & Growth Prospect Mapping
- 4.6. Regulatory Framework
- 4.7. Business Environment Analysis Tools
- 4.7.1. Industry Analysis - Porter's
- 4.7.2. PESTEL Analysis
- 4.8. Impact of Corona Virus on Floating Solar Panels Market
Chapter 5. Floating Solar Panels Market Product Outlook
- 5.1. Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Installed Capacity, MW; Revenue, USD Million)
- 5.2. Tracking Floating Solar Panels
- 5.2.1. Market estimates and forecasts by region, 2018 - 2030 (Installed Capacity, MW; Revenue, USD Million)
- 5.3. Stationary Floating Solar Panels
- 5.3.1. Market estimates and forecasts by region, 2018 - 2030 (Volume, MW; Revenue, USD Million)
Chapter 6. Floating Solar Panels Regional Outlook
- 6.1. Floating Solar Panels Market, By Region, 2019 & 2027
- 6.2. North America
- 6.2.1. Market estimates and forecasts by Product, 2018 - 2030 (Installed Capacity, MW; Revenue, USD Million)
- 6.2.2. U.S.
- 6.2.2.1. Market estimates and forecasts by Product, 2018 - 2030 (Installed Capacity, MW; Revenue, USD Million)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts by Product, 2018 - 2030 (Installed Product, MW; Revenue, USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts by Product, 2018 - 2030 (Installed Capacity, MW; Revenue, USD Million)
- 6.4.2. China
- 6.4.2.1. Market estimates and forecasts by Product, 2018 - 2030 (Installed Capacity, MW; Revenue, USD Million)
- 6.4.3. India
- 6.4.3.1. Market estimates and forecasts by Product, 2018 - 2030 (Installed Capacity, MW; Revenue, USD Million)
- 6.4.4. Japan
- 6.4.4.1. Market estimates and forecasts by Product, 2018 - 2030 (Installed Capacity, MW; Revenue, USD Million)
- 6.4.5. South Korea
- 6.4.5.1. Market estimates and forecasts by Product, 2018 - 2030 (Installed Capacity, MW; Revenue, USD Million)
- 6.5. Central and South America
- 6.5.1. Market estimates and forecasts by Product, 2018 - 2030 (Installed Capacity, MW; Revenue, USD Million)
- 6.6. MEA
- 6.6.1. Market estimates and forecasts by Product, 2018 - 2030 (Installed Capacity, MW; Revenue, USD Million)
Chapter 7. Competitive Landscape
- 7.1. KYOCERA Corporation
- 7.1.1. Company overview
- 7.1.2. Financial performance
- 7.1.3. Product benchmarking
- 7.1.4. Recent developments
- 7.2. Trina Solar
- 7.2.1. Company overview
- 7.2.2. Financial performance
- 7.2.3. Product benchmarking
- 7.2.4. Recent developments
- 7.3. Yellow Tropus Pvt. Ltd.
- 7.3.1. Company overview
- 7.3.2. Financial performance
- 7.3.3. Product benchmarking
- 7.3.4. Recent developments
- 7.4. Wuxi Suntech Power Co., Ltd.
- 7.4.1. Company overview
- 7.4.2. Financial performance
- 7.4.3. Product benchmarking
- 7.4.4. Recent Developments
- 7.5. Yingli Solar
- 7.5.1. Company Overview
- 7.5.2. Financial Performance
- 7.5.3. Product benchmarking
- 7.5.4. Recent developments
- 7.6. Ciel & Terre International
- 7.6.1. Company overview
- 7.6.2. Financial performance
- 7.6.3. Product benchmarking
- 7.6.4. Recent developments
- 7.7. LONGi Solar
- 7.7.1. Company Overview
- 7.7.2. Financial Performance
- 7.7.3. Product Benchmarking
- 7.7.4. Recent Developments
- 7.8. JA SOLAR Technology Co. Ltd.
- 7.8.1. Company Overview
- 7.8.2. Financial Performance
- 7.8.3. Product Benchmarking
- 7.8.4. Recent Developments
- 7.9. Hanwha Group
- 7.9.1. Company overview
- 7.9.2. Financial performance
- 7.9.3. Product benchmarking
- 7.9.4. Recent developments
- 7.10. Vikram Solar Limited
- 7.10.1. Company overview
- 7.10.2. Financial performance
- 7.10.3. Product benchmarking
- 7.10.4. Recent developments
- 7.11. GCL-SI
- 7.11.1. Company overview
- 7.11.2. Financial performance
- 7.11.3. Product benchmarking
- 7.11.4. Recent developments
- 7.12. Talesun
- 7.12.1. Company overview
- 7.12.2. Financial performance
- 7.12.3. Product benchmarking
- 7.12.4. Recent developments
- 7.13. Pristine Sun Corp.
- 7.13.1. Company overview
- 7.13.2. Financial performance
- 7.13.3. Product benchmarking
- 7.13.4. Recent developments
- 7.14. Sharp Corporation
- 7.14.1. Company overview
- 7.14.2. Financial performance
- 7.14.3. Product benchmarking
- 7.14.4. Recent developments
- 7.15. ITOCHU Corporation
- 7.15.1. Company overview
- 7.15.2. Financial performance
- 7.15.3. Product benchmarking
- 7.15.4. Recent developments
Product Code: GVR-1-68038-354-6
List of Tables
- Table 1 Global Floating Solar Panels Market, 2018 - 2030 (MW, USD Million)
- Table 2 Global Floating Solar Panels Market Estimates And Forecasts, By Application, , 2018 - 2030 (MW, USD Million)
- Table 3 Global Floating Solar Panels Market Estimates And Forecasts, By Application, , 2018 - 2030 (MW, USD Million)
- Table 4 Floating Solar Panels - Key Market Restraint
- Table 5 Global Tracking Floating Solar Panels Market, By Region, 2018 - 2030 (MW, USD Million)
- Table 6 Global Stationery Floating Solar Panels Market, By Region, 2018 - 2030 (MW, USD Million)
- Table 7 North America Floating Solar Panels Market, By Product , 2018 - 2030 (MW, USD Million)
- Table 8 U.S Floating Solar Panels Market By Capacity, 2018 - 2030 (MW, USD Million)
- Table 9 Europe Floating Solar Panels Market By Product , 2018 - 2030 (MW, USD Million)
- Table 10 Asia Pacific Floating Solar Panels Market By Product, 2018 - 2030 (MW, USD Million)
- Table 11 India Floating Solar Panels Market By Product, 2018 - 2030 (MW, USD Million)
- Table 12 China Floating Solar Panels Market By Product, 2018 - 2030 (MW, USD Million)
- Table 13 Japan Floating Solar Panels Market By Product, 2018 - 2030 (MW, USD Million)
- Table 14 South Korea Floating Solar Panels Market By Product, 2018 - 2030 (MW, USD Million)
- Table 15 Csa Floating Solar Panels Market By Product, 2018 - 2030 (MW, USD Million)
- Table 16 Mea Floating Solar Panels Market By Product, 2018 - 2030 (MW, USD Million)
List of Figures
- Fig. 1 Market segmentation & scope
- Fig. 2 Floating Solar Panels market size and growth prospects
- Fig. 3 Floating Solar Panels Value chain analysis
- Fig. 4 Market Dynamics
- Fig. 5 Floating Solar Panels Market - Penetration & Growth Prospect Mapping
- Fig. 6 Porter's Five Forces Analysis
- Fig. 7 PEST Analysis for Floating Solar Panels Industry
- Fig. 8 Floating Solar Panels Market: Product Movement Analysis 2021 & 2030
- Fig. 9 Floating Solar Panels Market: Regional Movement Analysis 2021 & 2030
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