Floating Solar Market to Reach USD 144.92 Billion by 2030 | Key Players: Iberdrola, RWE, Ciel & Terre International

Floating Solar Market Size: 2025 Outlook

As the global shift towards renewable energy intensifies, the floating solar market is witnessing unprecedented growth. With a current valuation of approximately USD 15.98 billion in 2024, the market is projected to reach an astounding USD 144.92 billion by 2030, demonstrating a robust compound annual growth rate (CAGR) of around 43.98% during the forecast period of 2025-2030. This surge is primarily driven by the increasing demand for clean and sustainable energy solutions, particularly in densely populated regions where land availability is limited. Floating solar technology effectively utilizes existing water surfaces for solar energy generation, thereby enhancing the overall efficiency and environmental sustainability of energy production.

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Floating Solar Market Statistics

• Projected market size by 2030: USD 144.92 billion
• Expected CAGR: 43.98% from 2025 to 2030
• Leading region: Asia-Pacific, accounting for approximately 70% of global demand
• Dominant capacity segment: 10.1 MW to 50 MW floating solar plants
• Major players include Iberdrola, Ciel & Terre International, and RWE among others.

- Floating Solar Market Trend

The integration of floating solar panels with hydro-thermal power plants is emerging as a significant trend, boosting the overall energy efficiency of existing systems. This hybrid approach leverages the abundant surface area provided by hydroelectric facilities, reducing capital costs while maximizing renewable energy output. Many public and private entities are investing in this synergy, recognizing its potential for sustainable energy solutions that balance environmental needs and energy production demands.

- Floating Solar Market Key Growth Challenge

Despite its numerous advantages, the floating solar market faces significant challenges, particularly concerning high maintenance and operational costs. Deploying floating solar systems requires meticulous planning and advanced engineering, especially when considering the transportation, installation, and maintenance complexities associated with aquatic environments. These additional costs can hinder widespread adoption and competitiveness against traditional land-based solar solutions, making it essential for stakeholders to innovate in cost management strategies and technological advancements to enhance market penetration.

Leading Companies and Competitive Landscape of Floating Solar Market

The floating solar market boasts a diverse competitive landscape with several prominent players driving innovation and project execution. Key companies in the industry include:

• Iberdrola
• Ciel & Terre International
• RWE
• Tractebel
• Pristine Sun LLC
• Enel Spa
• SolarDuck
• BayWa r.e.
• Ocean Sun AS
• Quant Solar
• ABL Group
• NRG Energia srl
• Sterling and Wilson Renewable Energy Limited
• Sungrow
• Scotra Co. Ltd.
• EnBW
• Others

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Floating Solar Market Segmentation and Regions

By Type

- Pure
- Metallic
- Membrane

By Waterbody

- Inland
-- Lakes/Ponds/Rivers
-- Dams/Reservoirs
-- Water Treatment Plants
- Marine

By Component

- Service
-- Construction
-- Consultancy
-- Maintenance
- Equipment

By Capacity

- Upto 10 MW- Market Size & Forecast 2020-2030, Number of Projects
- 10.1 MW to 50 MW- Market Size & Forecast 2020-2030, Number of Projects
- 50.1 MW to 100 MW- Market Size & Forecast 2020-2030, Number of Projects
- >100 MW- Market Size & Forecast 2020-2030, Number of Projects

By Region

- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific

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Table of Content

• Table 1: Current Capacity and Electricity Generation Comparison
• Table 2: Solar Electricity Generation Share by Region
• Table 3: Government Initiatives for Solar Energy Development by Country
• Table 4: Global Floating Solar Market Pricing Analysis
• Table 5: Global Floating Solar Market Size & Analysis (2020-2030)
• Table 6: Market Size & Forecast by Type (Pure, Metallic, Membrane)
• Table 7: Market Size & Forecast by Waterbody (Inland, Lakes/Ponds/Rivers, etc.)
• Table 8: Market Size & Forecast by Component (Service, Construction, etc.)
• Table 9: Market Size & Forecast by Capacity
• Table 10: Competition Analysis and Market Share by Company
• Table 11: Regional Floating Solar Market Outlook (2020-2030F)
• Table 12: Country-Specific Floating Solar Market Size Analysis
• Table 13: Floating Solar Market Policy & Regulation Overview
• Table 14: Strategic Alliances or Partnerships for Key Companies
• Table 15: Recent Developments by Major Companies in the Floating Solar Sector
• Table 16: Financial Details Overview for Key Companies
• Table 17: Market Share & Analysis by Region
• Table 18: Future Scope and Technological Advancements

Frequently Asked Questions (FAQs)

• What is the projected growth rate of the floating solar market during 2025-2030?
• How significant is the demand for floating solar PV worldwide?
• What are the primary economic drivers behind the floating solar market expansion?
• Which regions are expected to lead the floating solar market growth in the coming years?
• What are the key technological advancements in the floating solar sector?

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Scope of the Report

• Comprehensive analysis of market size and share from 2020-2030.
• In-depth examination of emerging trends and drivers in the floating solar market.
• Overview of competitive landscape and company profiles.
• Detailed segmentation analysis by type, capacity, and geography.
• Insights into challenges and potential growth opportunities for stakeholders

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