Press release
Floating Solar Panel Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Floating Solar Panel
What Is the Expected Floating Solar Panel Market Size During the Forecast Period?
The floating solar panel market has experienced significant growth in recent years. It will increase from $3.94 billion in 2024 to $4.82 billion in 2025, at a CAGR of 22.2%. The growth is fueled by rising government incentives, increased energy demand, partnerships with water utilities, corporate sustainability goals, and stricter environmental regulations.
The floating solar panel market is set to experience exponential growth, reaching $10.63 billion by 2029 at a compound annual growth rate (CAGR) of 21.9%. This growth is driven by advances in energy storage, cost reductions in solar technology, and global renewable energy initiatives. Key trends include water quality improvement, public-private partnerships, innovation in materials, and rising consumer demand for renewable energy.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18364
What Are the High-Growth Segments in the Floating Solar Panel Market?
The floating solar panel market covered in this report is segmented -
1) By Product: Stationary Floating Solar Panels, Tracking Floating Solar Panels
2) By Technology: Photovoltaic (PV), Concentrated Solar Power (CSP)
3) By Station Location: Onshore, Offshore
4) By Application: Utility, Residential
Subsegments
1) By Stationary Floating Solar Panels: Fixed Panel Systems, Non-tracking Systems
2) By Tracking Floating Solar Panels: Single-Axis Tracking Systems, Dual-Axis Tracking Systems
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18364&type=smp
What Key Drivers Are Expected to Influence Future Floating Solar Panel Market Growth?
The rising inclination towards renewable energy generation is expected to accelerate the growth of the floating solar panel market. Renewable energy generation is increasing due to heightened environmental awareness and the need to reduce greenhouse gas emissions. Floating solar panels help enhance renewable energy generation by utilizing water surfaces for solar installations, improving efficiency through cooling effects, and conserving land resources, which is ideal in areas with limited land availability. For example, in June 2024, the Department of Energy Security and Net Zero reported that renewable electricity generation in the UK reached 30.1 terawatt hours (TWh) in the third quarter of 2023, marking a 6.8% increase from the same period in 2022. Thus, the rising inclination towards renewable energy is driving the growth of the floating solar panel market.
Which Companies Hold the Largest Share Across Different Floating Solar Panel Market Segments?
Major companies operating in the floating solar panel market are Mitsubishi Electric Corporation, Sharp Corporation, LONGi Solar, JinkoSolar Holding Co. Ltd., Kyocera Corporation, Trina Solar Limited, JA Solar Technology Co. Ltd., Sungrow Power Supply Co. Ltd., Tata Power Solar Systems Ltd., Risen Energy Co. Ltd., SunPower Corporation, Adani Green Energy Ltd, Akuo Energy, SPI Energy Co., Ltd., Hanwha Q CELLS, BayWa r.e. renewable energy GmbH, Adtech Systems, LS Electric Co., Ltd., Pristine Sun Corporation, Sinovoltaics Group, Ciel & Terre International, Yingli Green Energy Holding Company Limited, Solaris Synergy
What Trends Are Expected to Dominate the Floating Solar Panel Market in the Next 5 Years?
Leading entities in the floating solar panel industry are prioritizing the development of superior products utilising floating photovoltaic technology, with the goal to increase energy efficiency, lower expenses, and boost durability. This technology involves mounting solar panels on floating platforms or water bodies to increase efficiency through panel cooling and minimize land usage, thus being suitable for locales with scarce land resources. For example, in November 2023, Masdar, a renewable energy firm based in UAE, collaborated with PLN, an Indonesian utility company, to inaugurate the 145-megawatt Cirata floating solar power station in Indonesia, the biggest of its kind in Southeast Asia. Constructed on a 250-hectare area in West Java, Cirata marks Masdar's maiden venture into floating photovoltaic projects. It's projected to supply electricity to 50,000 households and cut down on 214,000 metric tons of annual carbon dioxide emissions. Floating solar installations like Cirata bring substantial benefits to nations with limited land, providing higher efficiency courtesy of the water's cooling effect.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/floating-solar-panel-global-market-report
What Are the Emerging Geographies for The Floating Solar Panel Market Growth?
North America was the largest region in the floating solar panel market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the floating solar panel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Floating Solar Panel Market?
2. What is the CAGR expected in the Floating Solar Panel Market?
3. What Are the Key Innovations Transforming the Floating Solar Panel Industry?
4. Which Region Is Leading the Floating Solar Panel Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Floating Solar Panel Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts here
News-ID: 4042196 • Views: …
More Releases from The Business Research Company
Boat And Ship MRO Market to Grow at 5.7% CAGR, Reaching $168.08 Billion by 2029
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Boat And Ship MRO Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the boat and ship MRO market has seen consistent growth. Projected to rise from $129.32 billion in 2024 to $134.55 billion in 2025, it will experience a compound annual growth rate (CAGR)…
Global Automotive Electric Drivetrain Components Market Size, Share, and Forecas …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Automotive Electric Drivetrain Components Market Size Forecast for 2025?
The market size for components of electric drivetrains in the automotive industry has seen a tremendous uptick in recent years. It is projected that it will catapult from $63.66 billion in 2024 to a massive $78.74 billion in…
Global Propulsion Systems Market Size, Share, and Forecast Analysis 2025-2029
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Propulsion Systems Market Size Forecast for 2025?
Recently, the size of the propulsion systems market has seen robust growth. The market value is projected to expand from $323.91 billion in 2024 to $340.51 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%. The growth…
Scooter Industry to See Robust Expansion, Valued at $99.71 Billion by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Scooter Market from 2024 to 2025?
The recent years have seen a significant surge in the size of the scooter market. Projections indicate a growth from $72.93 billion in 2024 to $77.14 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%. Factors…
More Releases for Solar
Biohybrid Solar Cell Market Professional Survey Report 2022 - Jinko Solar, JA SO …
The Biohybrid Solar Cell Market Report 2022 provides a comprehensive analysis of observable trends and projections. This research shows how to attract a large number of customers. Our certified crew of economists, researchers, and advisers has made further attempts in projecting the global industry by utilising accredited global Biohybrid Solar Cell market information tools as well as various instruments and ways to successfully review and get information. The research argues…
Home Solar Power System Market Size, Share, Trends, Growth - Tesla, Panasonic So …
The Global Home Solar Power System Market study includes new innovations, market dynamics, strategic profiling in terms of the future market strategies and shares for the subsectors of the industry. This research consists of details related to the size of the industries, the major players, markets, sales volume and value. This study offers a detail data on the historical data pointers as well as forecasts by region/country for the sectors…
Solar PV Module Market Outlook To 2024 - Trina Solar, Canadian Solar Inc., JA So …
Solar PV module market from utility sector has witnessed a substantial growth globally in recent years. In the first quarter of the year, Vietnam's Ministry of Industry and Trade have talked about their FiT scheme related to utility-based solar power projects. Ongoing electrification programs and incentives benefit pertaining to grid connected power generation is surging the demand for on-grid solar PV modules. On-grid connection represented 55% of the overall solar…
Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte …
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others.
This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies such…
Solar PV Module Market By Key Vendors: Trina Solar, Canadian Solar Inc., JA Sola …
UK solar PV module market is set to expand owing to government initiatives towards sustainable energy integration. The export tariff introduced by the UK government facilitates USD 0.06 per unit for the surplus electricity injected back to the grid by the generator. Favorable government reforms with ambitious plan towards carbon footprint reduction will further boost the business outlook.
Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/1563
Solar PV Module Market size…
Global Solar Thermal Market 2016 Abengoa Solar, SUPCON Solar, Solar Euromed
Global Solar Thermal Market Research Report
The MRS Research Group Solar Thermal report by QY Research represents an inclusive evaluation of the Solar Thermal Market and comprises considerable insights, historical data, facts,and statistical and industry-validated data of the global market.Additionally,it consists of estimated data that is evaluated with the help of suitable set of methodologies and assumptions.The MRS Research Group report research highlights informative data and in-depth analysis of Solar Thermal…
