Floating Solar Market Share & Forecast 2025

Market Size, Growth & Valuation (2025-30)

Floating Solar Market size was valued at around USD 15.98 billion in 2024 and is projected to reach USD 144.92 billion by 2030. The market is also estimated to grow at a CAGR of around 43.98% during the forecast period, i.e., 2025-30.

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Floating Solar Market Structure – Segmentation & Geography

By Type

Pure- Market Size & Forecast 2020-2030, USD Million
Metallic- Market Size & Forecast 2020-2030, USD Million
Membrane- Market Size & Forecast 2020-2030, USD Million

By Waterbody

Inland- Market Size & Forecast 2020-2030, MW
- Lakes/Ponds/Rivers- Market Size & Forecast 2020-2030, MW
- Dams/Reservoirs- Market Size & Forecast 2020-2030, MW
- Water Treatment Plants- Market Size & Forecast 2020-2030, MW
Marine- Market Size & Forecast 2020-2030, MW

Among them, Marine or offshore floating solar power plants are expected to witness notable growth in the coming years.

By Component

Service- Market Size & Forecast 2020-2030, USD Million
- Construction- Market Size & Forecast 2020-2030, USD Million
- Consultancy- Market Size & Forecast 2020-2030, USD Million
- Maintenance- Market Size & Forecast 2020-2030, USD Million
Equipment- Market Size & Forecast 2020-2030, USD Million

By Capacity

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

Floating solar farms with a capacity of 10.1 to 50 MW have been dominating the market over the historical years. Such capacity power plants have been developed to test the commercial feasibility of photovoltaics by nations around the globe.

By Region

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

The Asia-Pacific region is expected to capture a substantial share of the Global Floating Solar Market, owing to high renewable energy generation potential and rich hydro and solar resources.

Key Growth Trends (2025-2030)

Escalating Integration of Floating Solar Panels with Hydro-Thermal Power Plants Emerging as a Significant Market Trend – The combination of solar and hydropower enhances the overall energy efficiency of the system, thereby surging the demand for hybrid solar and hydro systems. The incorporation of floating solar panels on existing hydropower plants results in the maximization of the existing infrastructure and cutting the capital cost of additional equipment and machines required to set up an entirely new plant. Hydropower plants provide ample surface area for the installation of floating solar panels, which resolves the issue of land reservoirs in countries with limited land availability.

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Research Methodology

MarkNtel Advisors employs a thorough and iterative research methodology to enhance accuracy in market estimates. Our process combines bottom-up and top-down approaches, focusing on data triangulation for validation. It includes defining research objectives, selecting representative samples, and collecting data through surveys and interviews. Post-collection, we analyze and validate the data using statistical tools, ensuring reliability. Finally, we forecast market trends through predictive modeling, compiling our insights into detailed reports with charts and strategic recommendations for informed decision-making.

Competitive Analysis Framework

The Floating Solar industry is moderately fragmented, with key players focusing on technological advancements and strategic partnerships. A detailed competitive analysis helps businesses benchmark against industry leaders and identify growth opportunities.

Leading Floating Solar Companies are:

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

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Key Questions Answered in This Report:

What is the current market size of Floating Solar, and what growth rate is projected by 2030?
Which key trends are driving Floating Solar market expansion in the next five years?
How does market segmentation impact industry dynamics?
Which geographic regions offer the highest growth potential?
What are the primary challenges hindering Floating Solar industry growth?
How do regulatory policies influence market development?
What are the latest technological advancements impacting the sector?
Who are the leading Floating Solar companies, and what are their market shares?
What strategies are top competitors adopting to maintain dominance?
What are the emerging niche segments with high growth potential?
How do macroeconomic factors affect market performance?
What are the investment opportunities for new entrants?
How does pricing strategy vary across different market segments?
What are the future innovation trends expected in this industry?

Other Report:

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