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Floating Solar Panels Market

Floating Solar Panels Market By Type (Stationary Floating Solar Panels, Solar Tracking Floating Solar Panels) By Capacity (Below 5 MW, 5 MW – 50 MW, Above 50 MW) By Technology (Monocrystalline Silicon, Polycrystalline Silicon, Thin Film) By Product (Stationary Floating Solar Panels, Solar Tracking Floating Panels), By Location (Offshore Floating, Onshore Floating) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2019-2022
Base Year	2023
Forecast Period	2024-2032
Floating Solar Panels Market Size 2023	USD 1958.20 Million
Floating Solar Panels Market, CAGR	16.20%
Floating Solar Panels Market Size 2032	USD 7563.32 Million

Market Insights

The global demand for floating solar panels was valued at USD 1958.20 Million in 2023 and is expected to reach USD 7563.32 Million in 2032, growing at a CAGR of 16.20% between 2024 and 2032.

The stationary floating solar panels are the market leader by type, accounting for a significant portion of total value in 2023, while the solar tracking floating solar panels segment is expected to grow rapidly throughout the forecast period.
The 5 MW – 50 MW segment dominates the market in terms of capacity, accounting for a significant portion in 2023. The above 50 MW segment is predicted to expand at a high CAGR.
Over the projection period, monocrystalline silicon technology is expected to expand at the highest rate, while polycrystalline silicon dominates the market in 2023 with a substantial share.
Asia Pacific is dominating the floating solar panels industry with a substantial share in 2023, while Asia Pacific is expected to grow at the highest rate during the forecast period.

The market’s primary possibilities include innovative floating structures that maximize energy capture, advanced photovoltaic technologies that increase efficiency, scalable installation solutions to meet varying energy demands, and integrated energy storage systems to ensure consistent power supply.

Executive Summary

Market Definition

Floating solar panels, also known as floating photovoltaic (FPV) systems, are solar panels mounted on bodies of water, such as lakes, reservoirs, and ponds, instead of being installed on land. These systems utilize the water surface to host photovoltaic modules, which convert sunlight into electricity through semiconductor materials like silicon.

Floating solar panels work similarly to traditional land-based solar arrays but offer unique advantages. They benefit from the natural cooling effect of water, which enhances solar panel efficiency and lifespan by reducing heat-induced degradation.

Additionally, their installation helps to conserve land space, making them particularly suitable for densely populated areas where land availability is limited. Floating solar panels also reduce water evaporation from reservoirs and provide opportunities for dual land-water use, such as combining solar energy generation with water resource management. This innovative approach to solar energy production contributes to sustainable energy practices while leveraging underutilized water surfaces for renewable power generation.

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Market Overview

The global floating solar panels market has witnessed steady growth in recent years and is expected to grow at a CAGR of 16.20% between 2024 and 2032. The market was valued at USD 1958.20 million in 2023 and is expected to reach USD 7563.32 million in 2032.

The floating solar panels market is experiencing significant growth due to the limited availability of land for traditional solar panel installations in several densely populated regions. Floating solar panels offer a solution by utilizing water surfaces such as lakes, reservoirs, and other bodies of water. Moreover, by using water surfaces, the environmental impact associated with land use is minimized. This leads to less deforestation, habitat disruption, and soil degradation.

Furthermore, government investments and policies are significant in driving the growth of the floating solar panels market. Financial incentives, such as subsidies, grants, and tax credits, significantly offset the initial costs of installing floating solar panels, making these investments more attractive. Regulatory support, including renewable energy mandates and simplified permitting processes, creates a favorable environment for the adoption of floating solar technology. Additionally, public funding for research and development (R&D) helps drive innovation and reduce costs, further enhancing the competitiveness of floating solar solutions.

In addition, continuous technological advancements and innovations in the field of solar energy are further driving the global floating solar panels market. The development of more efficient and cost-effective photovoltaic (PV) technologies has significantly enhanced the viability and attractiveness of floating solar panels. Innovations such as bifacial solar panels, which can capture sunlight from both sides and advancements in floating structures that withstand harsh aquatic environments are making floating solar installations more durable and efficient, thereby increasing their adoption.

Segmentation by type

Stationary Floating Solar Panels are the leading segment by type and hold a substantial share in 2023. These panels are simpler in design, easier to install, and generally more cost-effective compared to solar tracking systems. Their widespread adoption is driven by their suitability for various water bodies, including reservoirs, lakes, and ponds, making them the dominant segment in the market.

Solar tracking floating solar panels are the fastest-growing segment due to their higher efficiency and energy output, as these systems can adjust the angle of the panels to follow the sun’s trajectory throughout the day. Moreover, advancements in tracking technology, increasing demand for maximizing energy generation, and the growing interest in large-scale renewable energy projects are driving the rapid adoption of solar tracking floating solar panels.

Segmentation by Capacity

The 5 MW – 50 MW segment boasts the dominating position in the floating solar panels industry, holding a massive share in 2023. Projects within this capacity range are optimal for balancing cost, installation complexity, and energy output, making them popular for both commercial and utility-scale applications. This segment’s broad applicability to various settings and its ability to meet significant energy demands contribute to its dominant market share.
The above 50 MW segment is expected to grow with the highest CAGR during the projected period due to the increasing number of large-scale projects aimed at maximizing renewable energy output. Governments and private sectors are investing heavily in large floating solar farms to meet rising energy needs and sustainability goals. Advances in technology and economies of scale are making high-capacity floating solar projects more feasible and attractive, thus driving the growth of this segment.

The below 5 MW capacity segment holds a lower share compared to the 5MW-50MW segment.

Segmentation by Technology

Polycrystalline silicon boasts the dominating position in the floating solar panels industry, holding an immense share in 2023 as they are widely used due to their cost-effectiveness and relatively high efficiency. They are easier and less expensive to manufacture compared to other panels, making them a popular choice for large-scale installations on water bodies.
Monocrystalline Silicon is expected to grow at the highest rate due to the increasing demand for higher efficiency and better performance in solar panels. Monocrystalline panels offer higher efficiency and longer lifespan compared to polycrystalline and thin-film panels, making them increasingly attractive for new floating solar projects. As technology advances and production costs decrease, more projects are opting for monocrystalline silicon to maximize energy output and overall system performance.
Thin film technology and other technologies contribute significantly to the growth of the market.

Segmentation by Region

Asia Pacific is fuelling the growth of the floating solar panels industry with a massive share in 2023 due to
Moreover, the Asia Pacific market is expected to grow at the highest rate during the forecasted period.
The rest of the world, including Latin America, the Middle East, and Africa, supplies the remaining demand for the floating solar panels industry.

Asia Pacific holds the dominant share of the floating solar panels market and is expected to maintain its dominance during the forecast period. Moreover, the region is anticipated to be the fastest-growing market for floating solar panels during the forecast period. This growth can be attributed to increasing government initiatives and support, which are driving the adoption of floating solar panels across the region. For instance, in February 2022, the Government of India announced that under its Panchamrita agenda, the country aims to target of installing 500 gigawatts (GW) of renewable energy by 2030, including floating solar panels. In March 2024, the government of India laid the foundation stone for its largest floating solar power plant with a capacity of 15MW/22MWp.

Moreover, the presence of leading market players such as Trina Solar, Yellow Tropus Pvt. Ltd., Wuxi Suntech Power Co., Ltd., and LONGi Solar are continuously developing innovative floating solar technologies and expanding their business in the Asia Pacific region is further boosting the growth of the Market. For instance, in August 2022, Trina Solar secured a 50 MWac (71 MWdc) Floating Solar Photovoltaic (FPV) project in the Malaysian state of Sarawak. The project will be located at the Batang Ai Hydroelectric Plant and will be built on the plant’s reservoir surface of 191.12 hectares.

Key Highlights of the Report

The global Floating Solar Panels Market is segmented by type, capacity, technology, and region. Stationary Floating Solar Panels are the most popular segment, while 5 MW – 50 MW is the primary capacity range. In addition, polycrystalline silicon is the most demanding technology, with the Asia Pacific region leading the market share.

The floating solar panels market is driven by limited land availability for traditional solar installations in densely populated areas. Additionally, government investments and policies play a crucial role in the market growth, offering financial incentives like subsidies, grants, and tax credits, as well as regulatory support through renewable energy mandates and streamlined permitting processes. Furthermore, technological advancements, including more efficient photovoltaic technologies and durable floating structures, improve the viability and appeal of floating solar panels, increasing their adoption.

Nonetheless, Asia Pacific is anticipated to have the greatest share of the worldwide Floating Solar Panels Market, driven by increasing government initiatives and support. Moreover, the presence of leading market players who are developing innovative technologies and expanding their businesses in the region further boosts market growth.

What Are the Main Drivers of the Global Floating Solar Panels Market?

The growth of the Floating Solar Panels Market is propelled by the limited land availability for traditional solar installations in densely populated regions. Moreover, government investments and policies also play a crucial role in market growth, offering financial incentives such as subsidies, grants, and tax credits and providing regulatory support through renewable energy mandates and simplified permitting processes. Additionally, technological advancements, including more efficient photovoltaic technologies and durable floating structures, enhance the viability and attractiveness of floating solar panels, boosting their adoption.

What Are the Major Challenges Faced by the Global Floating Solar Panels Market?

The global floating solar panels market faces significant restraint due to the high initial investment and installation costs. These expenses are substantially higher compared to traditional ground-mounted solar systems, as they require specialized materials and technologies to ensure stability and durability on water surfaces. Additionally, there are technical challenges and maintenance issues associated with water-based environments. These include the need for regular cleaning due to biofouling, potential corrosion from water exposure, and the complexity of anchoring and mooring systems, which can increase operational costs and deter potential investors.

What Are the Growth Opportunities in the Global Floating Solar Panels Market?

The integration of floating solar panels with other renewable energy technologies, such as wind or hydroelectric power, presents a significant opportunity for the global market. Hybrid systems can maximize energy production by leveraging the complementary nature of different energy sources. For instance, combining floating solar with hydroelectric plants can optimize water usage and energy generation, especially during dry seasons when water levels are low. This approach enhances overall energy efficiency and provides a more stable and reliable power supply. Additionally, hybrid systems can reduce the variability associated with solar energy, making renewable energy solutions more attractive to grid operators and utility companies.

Market Drivers

Growing Government Investment and Projects

One of the significant drivers propelling the global floating solar panels market is the increasing government investments and projects aimed at expanding renewable energy infrastructure. For instance, in April 2024, the U.S. government announced a funding of USD 19.5 million for multiple federal projects focusing on the deployment of solar panels over irrigation canals. This initiative is part of a broader strategy to enhance the country’s renewable energy capacity and optimize land use.

These projects play a crucial role in boosting the market for floating solar panels. By leveraging existing water bodies such as irrigation canals, the installation of solar panels mitigates land use conflicts, reduces water evaporation, and enhances energy generation efficiency. Moreover, such government-backed projects provide financial support and create a favorable regulatory environment, encouraging private-sector participation and innovation in floating solar technology, thereby driving the growth of the market.

Market Restraints

High Installation and Maintenance Cost

The floating solar panels market faces significant restraint due to the high initial investment and installation costs associated with these systems. Unlike traditional ground-mounted or rooftop solar installations, floating solar systems require specialized equipment and materials to ensure durability and efficiency in water-based environments. The construction of floating platforms, anchoring systems, and electrical infrastructure capable of withstanding water exposure contributes to the elevated costs. Additionally, logistical challenges, such as transporting materials to remote water bodies and ensuring proper installation, further increase the initial expenditure. These factors often deter potential investors and project developers, especially in regions with limited financial resources or higher perceived risks, thereby slowing market growth.

Floating solar panels also encounter technical challenges and maintenance issues that can hinder their widespread adoption. Operating in aquatic environments subjects these systems to unique stresses, such as constant exposure to moisture, fluctuating water levels, and the potential for biofouling, where aquatic organisms accumulate on surfaces. These conditions can compromise the efficiency and longevity of solar panels, requiring more frequent maintenance and specialized cleaning methods to ensure optimal performance.

Additionally, the anchoring and mooring systems must be robust enough to withstand water currents, wind, and potentially extreme weather events, adding complexity and cost to the design and upkeep. These ongoing technical and maintenance challenges can lead to increased operational costs and downtime, making floating solar projects less attractive compared to traditional land-based solar installations.

Opportunities

Development of Hybrid Solar Systems Combining Floating Solar with Other Renewable Technologies

The development of hybrid solar systems presents a significant opportunity in the global floating solar panels market. By integrating floating solar panels with other renewable energy technologies, such as wind, hydro, or energy storage systems, the efficiency and reliability of power generation can be significantly enhanced. These hybrid systems can take advantage of complementary generation profiles, where solar power can be harnessed during sunny days, and wind or hydropower can compensate for cloudy or rainy conditions. This integration not only optimizes energy production but also provides a more consistent and reliable power supply, addressing one of the key challenges of renewable energy—intermittency. Moreover, the co-location of different renewable technologies can lead to shared infrastructure and maintenance costs, further driving down the overall expenses and making renewable energy projects more financially viable.

Additionally, the combination of floating solar with other renewable technologies can maximize the utilization of available space and resources. For instance, floating solar panels can be installed on reservoirs used for hydroelectric power, leveraging existing infrastructure and grid connections. This approach minimizes land use conflicts and can be particularly beneficial in regions with limited land availability but abundant water bodies. Furthermore, hybrid systems can enhance the energy resilience of local communities by providing a diversified energy mix, reducing dependency on a single power source. As the demand for clean and sustainable energy continues to grow, the development of such innovative hybrid systems will play a crucial role in advancing the adoption of renewable energy worldwide, making the floating solar panels market an attractive prospect for investors and stakeholders.

Competitive Landscape

Key Players

The global floating solar panels market is highly competitive, with several key players. Some of the major players in the market are as follows:

KYOCERA Corporation
Trina Solar Limited
Yellow Tropus Private Limited
Wuxi Suntech Power Co., Ltd.
Yingli Green Energy Holding Company Limited (Yingli Solar)
Ciel & Terre International
LONGi Green Energy Technology Co., Ltd. (LONGi Solar)
JA Solar Technology Co., Ltd.
Hanwha Group
Vikram Solar Limited
GCL System Integration Technology Co., Ltd. (GCL-SI)
Zhongli Talesun Solar Co., Ltd. (Talesun)
Pristine Sun Corporation
Sharp Corporation

These organizations prioritize business expansions, partnerships, and collaborations to stay competitive.

The global floating solar panels market’s key players continually seek to stay ahead by expanding their businesses globally.

In February 2024, Ciel & Terre announced that the company has successfully completed one of Taiwan’s largest and most technically challenging near-shore floating solar projects in partnership with HEXA Renewables, a prominent pan-Asia renewable energy platform. The completed floating solar photovoltaic project in the Changbin industrial zone is about 440MWp, with Ciel & Terre Taiwan responsible for 280MWp.

In September 2022, JA Solar announced that the company had completed the installation of a 10.7-MW floating solar park at the Tel Yitzhak Reservoir in Israel on behalf of local project developer S’energy. This project was part of a previously signed deal between the two companies for a total of 50 MW of capacity. The floating solar park utilizes JA Solar’s DeepBlue 3.0 PV modules, which offer steady performance in high temperatures and humidity.

How are Companies Performing in the Floating Solar Panels Market?

The global floating solar panels market is highly competitive, with several key players.

Startups are playing a pivotal role in shaping the landscape of the floating solar panels industry, bringing innovation and fresh perspectives to the market.

Ocean Sun, a Norwegian startup, employs flexible floating structures equipped with silicon solar modules and proprietary non-permeable membranes. This design enhances thermal efficiency by maximizing contact with water bodies, offering a durable and cost-effective solution for floating solar power generation.

HelioRec, a French startup, pioneers end-to-end solar projects integrated with hydropower, focusing on minimizing carbon footprints and deployment costs. Their approach includes comprehensive feasibility studies and the use of recycled materials, reinforcing sustainability across their floating solar installations.

HELIOFLOAT, an Austrian startup, introduces floating concentrated solar power (CSP) platforms designed for offshore applications. These platforms maximize solar efficiency by minimizing shading issues and allowing natural cooling of solar panels, ensuring optimal performance and system reliability.

Summary of Key Findings

The floating solar panels market is driven by limited land availability for traditional solar installations in densely populated areas. Additionally, government investments and policies play a crucial role in the market growth, offering financial incentives like subsidies, grants, and tax credits, as well as regulatory support through renewable energy mandates and streamlined permitting processes. Furthermore, technological advancements, including more efficient photovoltaic technologies and durable floating structures, improve the viability and appeal of floating solar panels, increasing their adoption.
Market segmented by type, capacity, technology, and region.
Asia Pacific is leading market growth; the market is highly competitive with key players, including KYOCERA Corporation, Trina Solar Limited, Yellow Tropus Private Limited, Wuxi Suntech Power Co., Ltd., Yingli Green Energy Holding Company Limited (Yingli Solar), Ciel & Terre International, LONGi Green Energy Technology Co., Ltd. (LONGi Solar), JA Solar Technology Co., Ltd., Hanwha Group, Vikram Solar Limited, GCL System Integration Technology Co., Ltd. (GCL-SI), Zhongli Talesun Solar Co., Ltd. (Talesun), Pristine Sun Corporation, and Sharp Corporation.

Future Outlook

Positive outlook for the global floating solar panels market with significant growth potential in the Asia Pacific region.
One of the main factors promoting the market’s expansion is limited land availability for traditional solar installations, along with favorable government investments and policies.
During the forecast period, High initial investment and installation costs, coupled with technical challenges and maintenance issues in water-based environments, act as significant restraints in the global floating solar panels market
To stay competitive, key firms in the Floating Solar Panels Market should prioritize innovation in technology, cost-effective solutions, strategic partnerships, and sustainable practices.

How CXOs Can Benefit from the Credence Research Floating Solar Panels Market Report

The Credence Research Floating Solar Panels Market Report provides CXOs with a comprehensive overview of the market, including:

Market size and growth forecast:The report provides detailed estimates of the global floating solar panels market size, segmented by type, capacity, technology, and region. It also includes forecasts for the market through 2032 based on key trends and drivers.
Market segmentation:The report segments the Floating Solar Panels Market by type, capacity, application, and region. This segmentation provides CXOs with a granular understanding of the market and the opportunities in each segment.
Competitive Landscape:The report profiles the key players in the Floating Solar Panels Market and provides insights into their strategies, product offerings, and financial performance. This information can help CXOs to identify and assess their competition.
Key trends and drivers:The report identifies and analyses the key trends and drivers shaping the Floating Solar Panels Market. This information can help CXOs make informed decisions about their investments and strategies.

CXOs can use the insights from the Credence Research Floating Solar Panels Market Report to:

Identify growth opportunities:The report can help CXOs to identify new growth opportunities in the Floating Solar Panels Market. For example, the report identifies emerging trends in floating solar panel technologies, regional market dynamics influencing adoption rates, and strategic partnerships that can enhance market penetration and technological innovation in the industry.
Make informed investment decisions:The report can help CXOs make informed investment decisions about the floating solar panels industry. For example, it provides insights into the key factors to consider when evaluating and selecting floating solar panel providers.
Develop competitive strategies:The report can help CXOs develop competitive strategies for their floating solar panels businesses. For example, the report identifies the key strategies that floating solar panel providers are using to differentiate themselves from their competitors.
Track market developments:The report can help CXOs monitor market developments and stay ahead of the curve. For example, it provides insights into the latest trends and innovations in the Floating Solar Panels Market.

Overall, the Credence Research Floating Solar Panels Market Report is a valuable resource for CXOs who are looking to gain a deeper understanding of the market and identify opportunities for growth.

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Segmentation

By Type
- Stationary Floating Solar Panels
- Solar Tracking Floating Solar Panels
By Capacity
- Below 5 MW
- 5 MW – 50 MW
- Above 50 MW
By Technology
- Monocrystalline Silicon
- Polycrystalline Silicon
- Thin Film
- Others
By Region
- North America
  - US
  - Canada
  - Mexico
- Europe
  - Germany
  - France
  - UK.
  - Italy
  - Spain
  - Rest of Europe
- Asia Pacific
  - China
  - Japan
  - India
  - South Korea
  - South-east Asia
  - Rest of Asia Pacific
- Latin America
  - Brazil
  - Argentina
  - Rest of Latin America
- Middle East & Africa
  - GCC Countries
  - South Africa
  - Rest of the Middle East and Africa

Adjacent Markets

In the Floating Solar Panels Market, several adjacent markets have high revenue growth opportunities. The key adjacent markets for Floating Solar Panels Market –

Adjacent Markets
Traditional Solar Panels Market	Wind Energy Market	Hydroelectric Power Market
Energy Storage Market	Water Management Systems Market	Marine Engineering Market
Electricity Grid Infrastructure Market	Environmental Monitoring Market	Desalination Plant Market

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Market Introduction

2. Executive Summary

2.1. Market Snapshot: Global Floating Solar Panels Market

2.1.1. Global Floating Solar Panels Market, By Type

2.1.2. Global Floating Solar Panels Market, By Capacity

2.1.3. Global Floating Solar Panels Market, By Technology

2.1.4. Global Floating Solar Panels Market, By Region

2.2. Insights from Primary Respondents

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Floating Solar Panels Market Value, 2019-2032, (US$ Mn)

3.1.2. Y-o-Y Growth Trend Analysis

3.2. Market Dynamics

3.2.1. Floating Solar Panels Market Drivers

3.2.2. Floating Solar Panels Market Restraints

3.2.3. Floating Solar Panels Market Opportunities

3.2.4. Major Floating Solar Panels Industry Challenges

3.3. Growth and Development Patterns

3.4. Investment Feasibility Analysis

3.5. Market Opportunity Analysis

3.5.1. Type

3.5.2. Capacity

3.5.3. Technology

3.5.4. Geography

4. Market Competitive Landscape Analysis

4.1. Company Market Share Analysis, 2023

4.1.1. Global Floating Solar Panels Market: Company Market Share, Value 2023

4.1.2. Global Floating Solar Panels Market: Top 6 Company Market Share, Value 2023

4.1.3. Global Floating Solar Panels Market: Top 3 Company Market Share, Value 2023

4.2. Global Floating Solar Panels Market: Company Revenue Share Analysis, 2023

4.3. Company Assessment Metrics, 2023

4.3.1. Stars

4.3.2. Emerging Leaders

4.3.3. Pervasive Players

4.3.4. Participants

4.4. Startups/ SMEs Assessment Metrics, 2023

4.4.1. Progressive Companies

4.4.2. Responsive Companies

4.4.3. Dynamic Companies

4.4.4. Starting Blocks

4.5. Strategic Development

4.5.1. Acquisition and Mergers

4.5.2. New Product Launch

4.5.3. Regional Expansion

4.5.4. Partnerships

4.6. Key Player Product Matrix

4.7. Potential for New Players in the Global Floating Solar Panels Market

5. Premium Insights

5.1. STAR (Situation, Task, Action, Results) Analysis

5.2. Porter’s Five Forces Analysis

5.2.1. Threat of New Entrants

5.2.2. Bargaining Power of Buyers/Consumers

5.2.3. Bargaining Power of Suppliers

5.2.4. Threat of Substitute Types

5.2.5. Intensity of Competitive Rivalry

5.3. PESTEL Analysis

5.3.1. Political Factors

5.3.2. Economic Factors

5.3.3. Social Factors

5.3.4. Technological Factors

5.3.5. Environmental Factors

5.3.6. Legal Factors

5.4. Key Market Trends

5.4.1. Demand Side Trends

5.4.2. Supply Side Trends

5.5. Value Chain Analysis

5.6. Technology Analysis

5.6.1. Research and development in the global market

5.6.2. Patent Analysis

5.6.3. Emerging technologies and their potential disruption to the market

5.7. Consumer Behaviour Analysis

5.7.1. Consumer Preferences and Expectations

5.7.2. Factors Influencing Consumer Buying Decisions

5.7.2.1. North America

5.7.2.2. Europe

5.7.2.3. Asia Pacific

5.7.2.4. Latin America

5.7.2.5. Middle East and Africa

5.7.3. Consumer Pain Points

5.8. Analysis and Recommendations

5.9. Adjacent Market Analysis

6. Market Positioning of Key Players, 2023

6.1. Company market share of key players, 2023

6.2. Competitive Benchmarking

6.3. Market Positioning of Key Vendors

6.4. Geographical Presence Analysis

6.5. Major Strategies Adopted by Key Players

6.5.1. Key Strategies Analysis

6.5.2. Mergers and Acquisitions

6.5.3. Partnerships

6.5.4. Product Launch

6.5.5. Geographical Expansion

6.5.6. Others

7. Impact Analysis of COVID 19 and Russia – Ukraine War on Floating Solar Panels Market

7.1. Ukraine-Russia War Impact

7.1.1. Uncertainty and Economic Instability

7.1.2. Supply chain disruptions

7.1.3. Regional market shifts

7.1.4. Shift in government priorities

7.2. COVID-19 Impact Analysis

7.2.1. Supply Chain Disruptions

7.2.2. Demand Fluctuations

7.2.3. Shift in Product Mix

7.2.4. Reduced Industrial Activity

7.2.5. Regional Impact Analysis

7.2.5.1. North America

7.2.5.2. Europe

7.2.5.3. Asia Pacific

7.2.5.4. Latin America

7.2.5.5. Middle East and Africa

8. Global Floating Solar Panels Market, By Type

8.1. Global Floating Solar Panels Market Overview, by Type

8.1.1. Global Floating Solar Panels Market Revenue Share, By Type, 2023 Vs 2032 (in %)

8.2. Stationary Floating Solar Panels

8.2.1. Global Floating Solar Panels Market, By Stationary Floating Solar Panels, By Region, 2019-2032 (US$ Mn)

8.2.2. Market Dynamics for Stationary Floating Solar Panels

8.2.2.1. Drivers

8.2.2.2. Restraints

8.2.2.3. Opportunities

8.2.2.4. Trends

8.3. Solar Tracking Floating Solar Panels

8.3.1. Global Floating Solar Panels Market, By Solar Tracking Floating Solar Panels, By Region, 2019-2032 (US$ Mn)

8.3.2. Market Dynamics for Solar Tracking Floating Solar Panels

8.3.2.1. Drivers

8.3.2.2. Restraints

8.3.2.3. Opportunities

8.3.2.4. Trends

9. Global Floating Solar Panels Market, By Capacity

9.1. Global Floating Solar Panels Market Overview, by Capacity

9.1.1. Global Floating Solar Panels Market Revenue Share, By Capacity, 2023 Vs 2032 (in %)

9.2. Below 5 MW

9.2.1. Global Floating Solar Panels Market, By Below 5 MW, By Region, 2019-2032 (US$ Mn)

9.2.2. Market Dynamics for Below 5 MW

9.2.2.1. Drivers

9.2.2.2. Restraints

9.2.2.3. Opportunities

9.2.2.4. Trends

9.3. 5 MW – 50 MW

9.3.1. Global Floating Solar Panels Market, By 5 MW – 50 MW, By Region, 2019-2032 (US$ Mn)

9.3.2. Market Dynamics for 5 MW – 50 MW

9.3.2.1. Drivers

9.3.2.2. Restraints

9.3.2.3. Opportunities

9.3.2.4. Trends

9.4. Above 50 MW

9.4.1. Global Floating Solar Panels Market, By Above 50 MW, By Region, 2019-2032 (US$ Mn)

9.4.2. Market Dynamics for Above 50 MW

9.4.2.1. Drivers

9.4.2.2. Restraints

9.4.2.3. Opportunities

9.4.2.4. Trends

10. Global Floating Solar Panels Market, By Technology

10.1. Global Floating Solar Panels Market Overview, by Technology

10.1.1. Global Floating Solar Panels Market Revenue Share, By Technology, 2023 Vs 2032 (in %)

10.2. Monocrystalline Silicon

10.2.1. Global Floating Solar Panels Market, By Monocrystalline Silicon, By Region, 2019-2032 (US$ Mn)

10.2.2. Market Dynamics for Monocrystalline Silicon

10.2.2.1. Drivers

10.2.2.2. Restraints

10.2.2.3. Opportunities

10.2.2.4. Trends

10.3. Polycrystalline Silicon

10.3.1. Global Floating Solar Panels Market, By Polycrystalline Silicon, By Region, 2019-2032 (US$ Mn)

10.3.2. Market Dynamics for Polycrystalline Silicon

10.3.2.1. Drivers

10.3.2.2. Restraints

10.3.2.3. Opportunities

10.3.2.4. Trends

10.4. Thin Film

10.4.1. Global Floating Solar Panels Market, By Thin Film, By Region, 2019-2032 (US$ Mn)

10.4.2. Market Dynamics for Thin Film

10.4.2.1. Drivers

10.4.2.2. Restraints

10.4.2.3. Opportunities

10.4.2.4. Trends

10.5. Others

10.5.1. Global Floating Solar Panels Market, By Others, By Region, 2019-2032 (US$ Mn)

10.5.2. Market Dynamics for Others

10.5.2.1. Drivers

10.5.2.2. Restraints

10.5.2.3. Opportunities

10.5.2.4. Trends

11. Global Floating Solar Panels Market, By Region

11.1. Global Floating Solar Panels Market Overview, by Region

11.1.1. Global Floating Solar Panels Market, By Region, 2023 vs 2032 (in%)

11.2. Type

11.2.1. Global Floating Solar Panels Market, By Type, 2019-2032 (US$ Mn)

11.3. Capacity

11.3.1. Global Floating Solar Panels Market, By Capacity, 2019-2032 (US$ Mn)

11.4. Technology

11.4.1. Global Floating Solar Panels Market, By Technology, 2019-2032 (US$ Mn)

12. North America Floating Solar Panels Market Analysis

12.1. Overview

12.1.1. Market Dynamics for North America

12.1.1.1. Drivers

12.1.1.2. Restraints

12.1.1.3. Opportunities

12.1.1.4. Trends

12.2. North America Floating Solar Panels Market, by Type, 2019-2032(US$ Mn)

12.2.1. Overview

12.2.2. SRC Analysis

12.3. North America Floating Solar Panels Market, by Capacity, 2019-2032(US$ Mn)

12.3.1. Overview

12.3.2. SRC Analysis

12.4. North America Floating Solar Panels Market, by Technology, 2019-2032(US$ Mn)

12.4.1. Overview

12.4.2. SRC Analysis

12.5. North America Floating Solar Panels Market, by Country, 2019-2032 (US$ Mn)

12.5.1. North America Floating Solar Panels Market, by Country, 2023 Vs 2032 (in%)

12.5.2. U.S.

12.5.3. Canada

12.5.4. Mexico

13. Europe Floating Solar Panels Market Analysis

13.1. Overview

13.1.1. Market Dynamics for Europe

13.1.1.1. Drivers

13.1.1.2. Restraints

13.1.1.3. Opportunities

13.1.1.4. Trends

13.2. Europe Floating Solar Panels Market, by Type, 2019-2032(US$ Mn)

13.2.1. Overview

13.2.2. SRC Analysis

13.3. Europe Floating Solar Panels Market, by Capacity, 2019-2032(US$ Mn)

13.3.1. Overview

13.3.2. SRC Analysis

13.4. Europe Floating Solar Panels Market, by Technology, 2019-2032(US$ Mn)

13.4.1. Overview

13.4.2. SRC Analysis

13.5. Europe Floating Solar Panels Market, by Country, 2019-2032 (US$ Mn)

13.5.1. Europe Floating Solar Panels Market, by Country, 2023 Vs 2032 (in%)

13.5.2. Germany

13.5.3. French

13.5.4. UK

13.5.5. Italy

13.5.6. Spain

13.5.7. Benelux

13.5.8. Russia

13.5.9. Rest of Europe

14. Asia Pacific Floating Solar Panels Market Analysis

14.1. Overview

14.1.1. Market Dynamics for Asia Pacific

14.1.1.1. Drivers

14.1.1.2. Restraints

14.1.1.3. Opportunities

14.1.1.4. Trends

14.2. Asia Pacific Floating Solar Panels Market, by Type, 2019-2032(US$ Mn)

14.2.1. Overview

14.2.2. SRC Analysis

14.3. Asia Pacific Floating Solar Panels Market, by Capacity, 2019-2032(US$ Mn)

14.3.1. Overview

14.3.2. SRC Analysis

14.4. Asia Pacific Floating Solar Panels Market, by Technology, 2019-2032(US$ Mn)

14.4.1. Overview

14.4.2. SRC Analysis

14.5. Asia Pacific Floating Solar Panels Market, by Country, 2019-2032 (US$ Mn)

14.5.1. Asia Pacific Floating Solar Panels Market, by Country, 2023 Vs 2032 (in%)

14.5.2. China

14.5.3. Japan

14.5.4. India

14.5.5. South Korea

14.5.6. South East Asia

14.5.7. Rest of Asia Pacific

15. Latin America Floating Solar Panels Market Analysis

15.1. Overview

15.1.1. Market Dynamics for Latin America

15.1.1.1. Drivers

15.1.1.2. Restraints

15.1.1.3. Opportunities

15.1.1.4. Trends

15.2. Latin America Floating Solar Panels Market, by Type, 2019-2032(US$ Mn)

15.2.1. Overview

15.2.2. SRC Analysis

15.3. Latin America Floating Solar Panels Market, by Capacity, 2019-2032(US$ Mn)

15.3.1. Overview

15.3.2. SRC Analysis

15.4. Latin America Floating Solar Panels Market, by Technology, 2019-2032(US$ Mn)

15.4.1. Overview

15.4.2. SRC Analysis

15.5. Latin America Floating Solar Panels Market, by Country, 2019-2032 (US$ Mn)

15.5.1. Latin America Floating Solar Panels Market, by Country, 2023 Vs 2032 (in%)

15.5.2. Brazil

15.5.3. Argentina

15.5.4. Rest of Latin America

16. Middle East Floating Solar Panels Market Analysis

16.1. Overview

16.1.1. Market Dynamics for Middle East

16.1.1.1. Drivers

16.1.1.2. Restraints

16.1.1.3. Opportunities

16.1.1.4. Trends

16.2. Middle East Floating Solar Panels Market, by Type, 2019-2032(US$ Mn)

16.2.1. Overview

16.2.2. SRC Analysis

16.3. Middle East Floating Solar Panels Market, by Capacity, 2019-2032(US$ Mn)

16.3.1. Overview

16.3.2. SRC Analysis

16.4. Middle East Floating Solar Panels Market, by Technology, 2019-2032(US$ Mn)

16.4.1. Overview

16.4.2. SRC Analysis

16.5. Middle East Floating Solar Panels Market, by Country, 2019-2032 (US$ Mn)

16.5.1. Middle East Floating Solar Panels Market, by Country, 2023 Vs 2032 (in%)

16.5.2. UAE

16.5.3. Saudi Arabia

16.5.4. Rest of Middle East

17. Africa Floating Solar Panels Market Analysis

17.1. Overview

17.1.1. Market Dynamics for Africa

17.1.1.1. Drivers

17.1.1.2. Restraints

17.1.1.3. Opportunities

17.1.1.4. Trends

17.2. Africa Floating Solar Panels Market, by Type, 2019-2032(US$ Mn)

17.2.1. Overview

17.2.2. SRC Analysis

17.3. Africa Floating Solar Panels Market, by Capacity, 2019-2032(US$ Mn)

17.3.1. Overview

17.3.2. SRC Analysis

17.4. Africa Floating Solar Panels Market, by Technology, 2019-2032(US$ Mn)

17.4.1. Overview

17.4.2. SRC Analysis

17.5. Africa Floating Solar Panels Market, by Country, 2019-2032 (US$ Mn)

17.5.1. Middle East Floating Solar Panels Market, by Country, 2023 Vs 2032 (in%)

17.5.2. South Africa

17.5.3. Egypt

17.5.4. Rest of Africa

18. Company Profiles

18.1. KYOCERA Corporation

18.1.1. Company Overview

18.1.2. Products/Services Portfolio

18.1.3. Geographical Presence

18.1.4. SWOT Analysis

18.1.5. Financial Summary

18.1.5.1. Market Revenue and Net Profit (2019-2023)

18.1.5.2. Business Segment Revenue Analysis

18.1.5.3. Geographical Revenue Analysis

18.2. Trina Solar Limited

18.3. Yellow Tropus Private Limited

18.4. Wuxi Suntech Power Co., Ltd.

18.5. Yingli Green Energy Holding Company Limited (Yingli Solar)

18.6. Ciel & Terre International

18.7. LONGi Green Energy Technology Co., Ltd. (LONGi Solar)

18.8. JA Solar Technology Co., Ltd.

18.9. Hanwha Group

18.10. Vikram Solar Limited

18.11. GCL System Integration Technology Co., Ltd. (GCL-SI)

18.12. Zhongli Talesun Solar Co., Ltd. (Talesun)

18.13. Pristine Sun Corporation

18.14. Sharp Corporation

19. Research Methodology

19.1. Research Methodology

19.2. Phase I – Secondary Research

19.3. Phase II – Data Modelling

19.3.1. Company Share Analysis Model

19.3.2. Revenue Based Modelling

19.4. Phase III – Primary Research

19.5. Research Limitations

19.5.1. Assumptions

List of Figures

FIG. 1 Global Floating Solar Panels Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Floating Solar Panels Market Segmentation

FIG. 4 Global Floating Solar Panels Market, by Type, 2023 (US$ Mn)

FIG. 5 Global Floating Solar Panels Market, by Capacity, 2023 (US$ Mn)

FIG. 6 Global Floating Solar Panels Market, by Technology, 2023 (US$ Mn)

FIG. 7 Global Floating Solar Panels Market, by Geography, 2023 (US$ Mn)

FIG. 8 Attractive Investment Proposition, by Type, 2023

FIG. 9 Attractive Investment Proposition, by Capacity, 2023

FIG. 10 Attractive Investment Proposition, by Technology, 2023

FIG. 11 Attractive Investment Proposition, by Geography, 2023

FIG. 12 Global Market Share Analysis of Key Floating Solar Panels Market Manufacturers, 2023

FIG. 13 Global Market Positioning of Key Floating Solar Panels Market Manufacturers, 2023

FIG. 14 Global Floating Solar Panels Market Value Contribution, By Type, 2023 & 2032 (Value %)

FIG. 15 Global Floating Solar Panels Market, by Stationary Floating Solar Panels, Value, 2019-2032 (US$ Mn)

FIG. 16 Global Floating Solar Panels Market, by Solar Tracking Floating Solar Panels, Value, 2019-2032 (US$ Mn)

FIG. 17 Global Floating Solar Panels Market Value Contribution, By Capacity, 2023 & 2032 (Value %)

FIG. 18 Global Floating Solar Panels Market, by Below 5 MW, Value, 2019-2032 (US$ Mn)

FIG. 19 Global Floating Solar Panels Market, by 5 MW – 50 MW, Value, 2019-2032 (US$ Mn)

FIG. 20 Global Floating Solar Panels Market, by Above 50 MW, Value, 2019-2032 (US$ Mn)

FIG. 21 Global Floating Solar Panels Market Value Contribution, By Technology, 2023 & 2032 (Value %)

FIG. 22 Global Floating Solar Panels Market, by Monocrystalline Silicon, Value, 2019-2032 (US$ Mn)

FIG. 23 Global Floating Solar Panels Market, by Polycrystalline Silicon, Value, 2019-2032 (US$ Mn)

FIG. 24 Global Floating Solar Panels Market, by Thin Film, Value, 2019-2032 (US$ Mn)

FIG. 25 Global Floating Solar Panels Market, by Others, Value, 2019-2032 (US$ Mn)

FIG. 26 North America Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 27 U.S. Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 28 Canada Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 29 Mexico Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 30 Europe Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 31 Germany Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 32 France Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 33 U.K. Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 34 Italy Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 35 Spain Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 36 Benelux Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 37 Russia Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 38 Rest of Europe Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 39 Asia Pacific Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 40 China Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 41 Japan Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 42 India Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 43 South Korea Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 44 South-East Asia Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 45 Rest of Asia Pacific Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 46 Latin America Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 47 Brazil Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 48 Argentina Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 49 Rest of Latin America Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 50 Middle East Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 51 UAE Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 52 Saudi Arabia Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 53 Rest of Middle East Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 54 Africa Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 55 South Africa Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 56 Egypt Floating Solar Panels Market, 2019-2032 (US$ Mn)

FIG. 57 Rest of Africa Floating Solar Panels Market, 2019-2032 (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Floating Solar Panels Market

TABLE 2 Global Floating Solar Panels Market: Market Drivers Impact Analysis

TABLE 3 Global Floating Solar Panels Market: Market Restraints Impact Analysis

TABLE 4 Global Floating Solar Panels Market, by Competitive Benchmarking, 2023

TABLE 5 Global Floating Solar Panels Market, by Geographical Presence Analysis, 2023

TABLE 6 Global Floating Solar Panels Market, by Key Strategies Analysis, 2023

TABLE 7 Global Floating Solar Panels Market, by Stationary Floating Solar Panels, By Region, 2019-2023 (US$ Mn)

TABLE 8 Global Floating Solar Panels Market, by Stationary Floating Solar Panels, By Region, 2024-2032 (US$ Mn)

TABLE 9 Global Floating Solar Panels Market, by Solar Tracking Floating Solar Panels, By Region, 2019-2023 (US$ Mn)

TABLE 10 Global Floating Solar Panels Market, by Solar Tracking Floating Solar Panels, By Region, 2024-2032 (US$ Mn)

TABLE 11 Global Floating Solar Panels Market, by Below 5 MW, By Region, 2019-2023 (US$ Mn)

TABLE 12 Global Floating Solar Panels Market, by Below 5 MW, By Region, 2024-2032 (US$ Mn)

TABLE 13 Global Floating Solar Panels Market, by 5 MW – 50 MW, By Region, 2019-2023 (US$ Mn)

TABLE 14 Global Floating Solar Panels Market, by 5 MW – 50 MW, By Region, 2024-2032 (US$ Mn)

TABLE 15 Global Floating Solar Panels Market, by Above 50 MW, By Region, 2019-2023 (US$ Mn)

TABLE 16 Global Floating Solar Panels Market, by Above 50 MW, By Region, 2024-2032 (US$ Mn)

TABLE 17 Global Floating Solar Panels Market, by Monocrystalline Silicon, By Region, 2019-2023 (US$ Mn)

TABLE 18 Global Floating Solar Panels Market, by Monocrystalline Silicon, By Region, 2024-2032 (US$ Mn)

TABLE 19 Global Floating Solar Panels Market, by Polycrystalline Silicon, By Region, 2019-2023 (US$ Mn)

TABLE 20 Global Floating Solar Panels Market, by Polycrystalline Silicon, By Region, 2024-2032 (US$ Mn)

TABLE 21 Global Floating Solar Panels Market, by Thin Film, By Region, 2019-2023 (US$ Mn)

TABLE 22 Global Floating Solar Panels Market, by Thin Film, By Region, 2024-2032 (US$ Mn)

TABLE 23 Global Floating Solar Panels Market, by Others, By Region, 2019-2023 (US$ Mn)

TABLE 24 Global Floating Solar Panels Market, by Others, By Region, 2024-2032 (US$ Mn)

TABLE 25 Global Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 26 Global Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 27 Global Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 28 Global Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 29 Global Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 30 Global Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 31 Global Floating Solar Panels Market, by Region, 2019-2023 (US$ Mn)

TABLE 32 Global Floating Solar Panels Market, by Region, 2024-2032 (US$ Mn)

TABLE 33 North America Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 34 North America Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 35 North America Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 36 North America Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 37 North America Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 38 North America Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 39 North America Floating Solar Panels Market, by Country, 2019-2023 (US$ Mn)

TABLE 40 North America Floating Solar Panels Market, by Country, 2024-2032 (US$ Mn)

TABLE 41 United States Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 42 United States Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 43 United States Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 44 United States Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 45 United States Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 46 United States Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 47 Canada Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 48 Canada Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 49 Canada Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 50 Canada Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 51 Canada Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 52 Canada Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 53 Mexico Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 54 Mexico Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 55 Mexico Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 56 Mexico Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 57 Mexico Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 58 Mexico Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 59 Europe Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 60 Europe Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 61 Europe Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 62 Europe Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 63 Europe Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 64 Europe Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 65 Europe Floating Solar Panels Market, by Country, 2019-2023 (US$ Mn)

TABLE 66 Europe Floating Solar Panels Market, by Country, 2024-2032 (US$ Mn)

TABLE 67 Germany Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 68 Germany Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 69 Germany Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 70 Germany Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 71 Germany Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 72 Germany Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 73 France Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 74 France Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 75 France Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 76 France Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 77 France Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 78 France Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 79 United Kingdom Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 80 United Kingdom Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 81 United Kingdom Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 82 United Kingdom Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 83 United Kingdom Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 84 United Kingdom Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 85 Italy Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 86 Italy Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 87 Italy Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 88 Italy Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 89 Italy Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 90 Italy Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 91 Spain Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 92 Spain Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 93 Spain Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 94 Spain Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 95 Spain Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 96 Spain Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 97 Benelux Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 98 Benelux Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 99 Benelux Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 100 Benelux Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 101 Benelux Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 102 Benelux Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 103 Russia Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 104 Russia Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 105 Russia Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 106 Russia Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 107 Russia Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 108 Russia Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 109 Rest of Europe Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 110 Rest of Europe Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 111 Rest of Europe Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 112 Rest of Europe Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 113 Rest of Europe Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 114 Rest of Europe Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 115 Asia Pacific Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 116 Asia Pacific Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 117 Asia Pacific Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 118 Asia Pacific Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 119 Asia Pacific Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 120 Asia Pacific Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 121 China Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 122 China Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 123 China Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 124 China Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 125 China Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 126 China Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 127 Japan Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 128 Japan Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 129 Japan Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 130 Japan Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 131 Japan Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 132 Japan Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 133 India Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 134 India Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 135 India Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 136 India Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 137 India Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 138 India Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 139 South Korea Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 140 South Korea Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 141 South Korea Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 142 South Korea Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 143 South Korea Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 144 South Korea Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 145 South-East Asia Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 146 South-East Asia Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 147 South-East Asia Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 148 South-East Asia Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 149 South-East Asia Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 150 South-East Asia Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 151 Rest of Asia Pacific Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 152 Rest of Asia Pacific Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 153 Rest of Asia Pacific Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 154 Rest of Asia Pacific Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 155 Rest of Asia Pacific Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 156 Rest of Asia Pacific Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 157 Latin America Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 158 Latin America Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 159 Latin America Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 160 Latin America Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 161 Latin America Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 162 Latin America Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 163 Brazil Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 164 Brazil Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 165 Brazil Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 166 Brazil Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 167 Brazil Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 168 Brazil Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 169 Argentina Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 170 Argentina Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 171 Argentina Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 172 Argentina Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 173 Argentina Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 174 Argentina Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 175 Rest of Latin America Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 176 Rest of Latin America Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 177 Rest of Latin America Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 178 Rest of Latin America Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 179 Rest of Latin America Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 180 Rest of Latin America Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 181 Middle East Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 182 Middle East Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 183 Middle East Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 184 Middle East Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 185 Middle East Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 186 Middle East Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 187 UAE Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 188 UAE Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 189 UAE Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 190 UAE Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 191 UAE Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 192 UAE Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 193 Saudi Arabia Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 194 Saudi Arabia Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 195 Saudi Arabia Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 196 Saudi Arabia Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 197 Saudi Arabia Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 198 Saudi Arabia Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 199 Rest of Middle East Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 200 Rest of Middle East Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 201 Rest of Middle East Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 202 Rest of Middle East Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 203 Rest of Middle East Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 204 Rest of Middle East Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 205 Africa Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 206 Africa Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 207 Africa Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 208 Africa Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 209 Africa Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 210 Africa Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 211 South Africa Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 212 South Africa Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 213 South Africa Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 214 South Africa Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 215 South Africa Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 216 South Africa Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 217 Egypt Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 218 Egypt Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 219 Egypt Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 220 Egypt Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 221 Egypt Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 222 Egypt Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

TABLE 223 Rest of Africa Floating Solar Panels Market, by Type, 2019-2023 (US$ Mn)

TABLE 224 Rest of Africa Floating Solar Panels Market, by Type, 2024-2032 (US$ Mn)

TABLE 225 Rest of Africa Floating Solar Panels Market, by Capacity, 2019-2023 (US$ Mn)

TABLE 226 Rest of Africa Floating Solar Panels Market, by Capacity, 2024-2032 (US$ Mn)

TABLE 227 Rest of Africa Floating Solar Panels Market, by Technology, 2019-2023 (US$ Mn)

TABLE 228 Rest of Africa Floating Solar Panels Market, by Technology, 2024-2032 (US$ Mn)

Frequently Asked Questions

What is the current size of the global floating solar panels market?

The global floating solar panels market was valued at USD 1958.20 Million in 2023.

What is the expected growth rate of the floating solar panels market between 2024 and 2032?

The floating solar panels market is expected to grow at a CAGR of 16.20% between 2024 and 2032, reaching USD 7563.32 Million in 2032.

Which segment is leading the market share in terms of Type?

Stationary Floating Solar Panels are the leading segment by type and hold a substantial share in 2023.

Which segment is leading the market share in terms of Capacity?

The 5 MW – 50 MW segment held the major share in value in 2023.

Which segment is expected to post the highest CAGR during the forecast period in terms of Technology?

The monocrystalline silicon technology witnessed substantial growth due to higher efficiency and longer lifespan compared to other technologies.

Which region is dominating the floating solar panels market share?

Asia Pacific is dominating the floating solar panels market share, with the highest share in 2023.

Who are the major players in the global floating solar panels market?

KYOCERA Corporation, Trina Solar Limited, Yellow Tropus Private Limited, Wuxi Suntech Power Co., Ltd., Yingli Green Energy Holding Company Limited (Yingli Solar), Ciel & Terre International, LONGi Green Energy Technology Co., Ltd. (LONGi Solar), JA Solar Technology Co., Ltd., Hanwha Group, Vikram Solar Limited, GCL System Integration Technology Co., Ltd. (GCL-SI), Zhongli Talesun Solar Co., Ltd. (Talesun), Pristine Sun Corporation, and Sharp Corporation are prominent players in the floating solar panels market.

What are the major market drivers of the global floating solar panels market?

What is the major market restraint of the Floating Solar Panels Market?

The high initial investment and installation costs for floating solar panels are a significant barrier, as the technology and infrastructure required are more expensive compared to traditional solar installations. Additionally, technical challenges and maintenance issues in water-based environments, such as corrosion, biofouling, and complex anchoring systems, can increase operational costs and complicate long-term performance and reliability.

What are the major market opportunities of the global floating solar panels market?

The development of hybrid solar systems, which integrate floating solar panels with complementary renewable technologies like wind or energy storage, presents ample opportunities in the market. This approach enhances overall energy generation efficiency, grid stability, and reliability, catering to the growing demand for integrated and sustainable energy solutions.

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