2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

Which Primary Drivers Are Supporting the Continued Market Growth of theFloating Solar Market?

Greater attention to clean energy sources is expected to drive the floating solar market. Clean fuels, including solar, are gaining prominence due to their low emissions and sustainability. Floating solar systems contribute by producing renewable power without occupying land. According to the International Energy Agency, investment in clean energy rose from $1,617 billion in 2022 to $1,740 billion in 2023. This trend supports the floating solar market’s growth.

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How Has the Floating Solar Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?

The floating solar market size has grown from $4.72 billion in 2024 to $5.97 billion in 2025, with a CAGR of 26.5%. The growth in the historic period can be attributed to increasing urbanization, increasing awareness about the advantages of renewable energy, increasing awareness of climate change, increasing compliance for clean electricity, and a rise in investment in solar-based energy.

The floating solar market size is projected to grow to $15.08 billion in 2029, at a CAGR of 26.1%. Growth is driven by renewable energy investments, rising energy costs, land demand for agriculture and urbanization, and increased electricity demand. Trends include technological advancements, hybrid systems, smart grid integration, anchoring systems, and water quality monitoring.

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How Are Consumer Market Innovations Shaping the Current and Future Landscape of theFloating Solar Market?

Companies in the floating solar market are working on large-scale floating solar projects to maximize energy generation and efficiency while using water surfaces for renewable energy. In June 2023, Noria Energy launched Aquasol, South America’s largest floating solar project at Colombia’s Urrá Dam. The project integrates solar panels on floating platforms, benefiting from the water’s natural cooling effect to improve efficiency and contribute to sustainable energy generation.

Who Are the Key Market Players Influencing the Growth of the Corn and Floating Solar Industry?

Major companies operating in the floating solar market are Sharp Corporation, LONGi Green Energy Technology Co. Ltd., JinkoSolar Holding Co. Ltd., Kyocera Corporation, Trina Solar Limited, JA SOLAR Technology Co. Ltd., Canadian Solar Inc., Sungrow Power Supply Co. Ltd., Risen Energy Co. Ltd., First Solar Inc., GCL-Poly Energy Holdings Limited, SunPower Corporation, Tata Power Solar Systems Limited, Cleantech Solar, Vikram Solar Limited, REC Solar Holdings AS, Greenyellow, Seraphim Solar System Co. Ltd., Adtech Systems Limited, Pristine Sun Corporation, Mecasolar, Ciel & Terre International, Yingli Green Energy Holding Company Limited, Solaris Synergy, Swimsol GmbH

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Which Key Market Segments Comprise the Floating Solar Market and Drive Its Revenue Growth?

The floating solarmarket covered in this report is segmented –

1) By Type: Stationary Floating Solar Panels, Tracking Floating Solar Panels

2) By Capacity: Below 5MW, 5MW To 50MW, Above 50MW

3) By Connectivity: On Grid, Off Grid

Subsegments:

1) By Stationary Floating Solar Panels: Fixed-Angle Floating Solar Systems, Fixed Ground-Mounted Floating Platforms, Shallow Water Stationary Floating Systems, Low-Cost Stationary Panel Arrays, Offshore Stationary Floating Solar Arrays

2) By Tracking Floating Solar Panels: Single-Axis Tracking Floating Solar Panels, Dual-Axis Tracking Floating Solar Panels, Automatic And Adaptive Tracking Systems, Integrated Hybrid Solar Panels With Tracking Systems, High-Efficiency Tracking Floating Solar Arrays

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Which Regions Are Emerging as Leaders in the Floating Solar Market?

Asia-Pacific was the largest region in the floating solar market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the floating solar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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