Asia-Pacific Floating Solar Panels Market Surges with Breakthrough Growth and Investment Opportunities 2025-2032

Market Size and Growth:

The Asia-Pacific Floating Solar Panels Market size reached US$ 33.01 million in 2024 and is expected to reach US$ 313.59 million by 2032, growing with a CAGR of 32.50% during the forecast period 2025-2032.

The Asia-Pacific Floating Solar Panels Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Asia-Pacific Floating Solar Panels market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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The Asia-Pacific Floating Solar Panels Market refers to the industry focused on solar photovoltaic systems installed on water bodies like reservoirs, lakes, and dams. This market is driven by land scarcity, rising renewable energy demand, and government initiatives supporting clean energy adoption. It offers advantages such as reduced land use, improved efficiency, and minimized water evaporation.

Recent Key Developments of Asia Pacific:

1. Significant Project Expansions in Indonesia and Sarawak (June 2025):
In a major regional development, the Cirata floating solar plant in Indonesia, already the largest in Southeast Asia, announced a major expansion plan. This project, a collaboration between PLN Nusantara Power and the UAE's Masdar, will be expanded by up to 500MW. Similarly, the government of Sarawak in Malaysia entered a partnership with China's China Three Gorges International Corporation (CTGI) and Shanghai Electric to co-develop a large-scale floating solar project at the Bakun Reservoir.

2. Strategic Partnerships for Large-Scale Projects in India and Indonesia (August 2025):
Strategic alliances are accelerating project development. In August 2025, ACME Solar partnered with a regional floating solar startup in India to co-develop large-scale water-based solar projects, strengthening technology deployment and project development. In a similar vein, Saudi Arabia's ACWA Power signed a memorandum of understanding (MoU) with Indonesia's sovereign wealth fund, Badan Pengelola Investasi Daya Anagata Nusantara (Danantara Indonesia), to explore renewable energy investments, including solar, with a total funding of up to $10 billion.

3. Launch of New Floating Solar Projects in Japan and the Philippines (July - August 2025):
New projects are coming online, demonstrating the technology's growing viability. In July 2025, Chubu Electric Power completed a 1.75 MW floating solar power plant in Japan's Toyoake City. In the Philippines, Carmen Copper Corporation launched a 4.99 MW floating solar PV plant on the Malubog Reservoir, making it the country's first operational MW-scale project of its kind.

4. Integration of Energy Storage and Grid Stability (July 2025):
The floating solar market is seeing a push toward more sophisticated, integrated solutions. In July 2025, Sungrow launched a floating solar project in China that features integrated energy storage to improve grid stability. This development reflects a trend of combining solar generation with battery storage to provide a more reliable and consistent power supply, addressing one of the key challenges of renewable energy.

5. Research into Dual-Purpose Systems for Water Conservation (July 2025):
Innovative research is underway to leverage floating solar for multiple benefits. In Australia, a new research project secured AUD 6 million in government funding to explore installing floating solar panels on irrigation dams. The goal is to generate energy while simultaneously reducing water evaporation, which is a significant issue for agriculture in drought-prone regions. This showcases the technology's potential for both energy generation and water management.

Key Players:

Ciel & Terre International
Kyoraku
LG CNS
LS Industrial Systems (LSIS)
Scotra
Sumitomo Mitsui Construction (SMCC)
Sungrow
Xiamen Mibet New Energy
Ocean Sun
Swimsol.

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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Market Segmentation:

By Product Type: Tracking Floating Solar Panels, Stationary Floating Solar Panels.

By Location: Onshore Water Bodies, Offshore Water Bodies.

By Technology: Photovoltaic, Concentrated Solar Power (CSP), Concentrator Photovoltaics (CPV), Others.

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Asia-Pacific Floating Solar Panels market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Asia-Pacific Floating Solar Panels Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Asia-Pacific Floating Solar Panels market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Asia-Pacific Floating Solar Panels Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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People Also Ask:

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