Global Solar Floating Panel Market Growth 2025-2031

The global Solar Floating Panel market size is predicted to grow from US$ 3316 million in 2025 to US$ 4933 million in 2031; it is expected to grow at a CAGR of 6.8% from 2025 to 2031.

Solar Floating Panel or Floating Photovoltaics (FPV), sometimes called floatovoltaics, is solar panels mounted on a structure that floats on a body of water, typically a reservoir or a lake.

The global solar floating panel market refers to the market for photovoltaic (PV) panels that are specifically designed to float on water bodies, such as lakes, reservoirs, and ponds. These floating solar panels harness solar energy and convert it into electricity, providing a renewable and sustainable source of power.

Floating solar panels offer several advantages over traditional ground-mounted or rooftop solar installations. Some key advantages include:

Land conservation: Floating solar panels utilize the surface area of water bodies, freeing up land that can be used for other purposes such as agriculture or conservation. This is especially beneficial in densely populated areas where land availability is limited.

Increased energy efficiency: Floating panels can benefit from the natural cooling effect of water, which helps to reduce the operating temperature of the panels. Lower operating temperatures result in increased energy efficiency and improved performance, thus enhancing the overall electricity generation capacity.

Water conservation: By covering a portion of the water surface, floating solar panels help reduce evaporation, which is particularly advantageous in regions facing water scarcity. Additionally, the panels can help to reduce algae growth and maintain water quality in certain cases.

Easy installation and scalability: Floating solar panels can be installed relatively easily and quickly compared to ground-mounted solar installations. They are also scalable, allowing for the expansion of solar capacity as needed.

The global solar floating panel market has been experiencing significant growth in recent years. Multiple factors are driving this growth, including:

Technological advancements: Continuous improvements in floating panel technologies, such as enhanced anchoring systems, float materials, and weather resistance, have made floating solar installations more reliable and durable.

Cost reduction: The cost of floating solar panels has been decreasing steadily, making them increasingly affordable and competitive with traditional solar installations. This cost reduction is attributed to economies of scale, improved manufacturing processes, and increased market competition.

Supportive policies and incentives: Many countries and regions have implemented supportive policies and incentives to promote the adoption of solar energy, including floating solar installations. These policies often include feed-in tariffs, tax incentives, and regulatory frameworks that encourage the development of floating solar projects.

Environmental benefits: The environmental benefits of floating solar panels, such as reduced carbon emissions and land usage, align with global efforts to mitigate climate change and transition to clean energy sources.

The market includes a range of participants, including solar panel manufacturers, project developers, engineering firms, and EPC (engineering, procurement, and construction) contractors. Additionally, collaborations between solar panel manufacturers, floating platform providers, and water management agencies are crucial for the successful implementation of floating solar projects.

LP Information, Inc. (LPI) ' newest research report, the “Solar Floating Panel Industry Forecast” looks at past sales and reviews total world Solar Floating Panel sales in 2024, providing a comprehensive analysis by region and market sector of projected Solar Floating Panel sales for 2025 through 2031. With Solar Floating Panel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solar Floating Panel industry.

This Insight Report provides a comprehensive analysis of the global Solar Floating Panel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solar Floating Panel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Solar Floating Panel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solar Floating Panel and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solar Floating Panel.

This report presents a comprehensive overview, market shares, and growth opportunities of Solar Floating Panel market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Stationary Floating Solar Panel
Tracking Floating Solar Panel
Others

Segmentation by Application:
Mono-crystalline Panel
Poly-crystalline Panel
Thin Film Panel
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Ciel & Terre International
Sungrow Power Supply Co., Ltd.
Seaflex AB
Swimsol GmbH
FloatPac Pty Ltd
4CSOLAR, Inc.
Waaree Group
Vikram Solar
Sharp Corporation
Sunhome Technology Co., Ltd.
D3Energy, LLC
Seraphim Solar System Co., Ltd.
Upsolar Global

Key Questions Addressed in this Report

What is the 10-year outlook for the global Solar Floating Panel market?

What factors are driving Solar Floating Panel market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Solar Floating Panel market opportunities vary by end market size?

How does Solar Floating Panel break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.