Top 30 Companies in Global Floating Solar Panels Market (2025–2035): Competitive Analysis and Forecast
RELEASE DATE: Oct 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Floating Solar Panels Market Size is projected to Grow from USD 8.5 Billion in 2024 to USD 136.6 Billion by 2035, at a CAGR of 28.72% during the forecast period 2025–2035. The global floating solar panels market is experiencing rapid growth due to rising demand for renewable energy, integration with hydropower infrastructure, and environmental benefits.
Introduction
The Global Floating Solar Panels Market Size refers to the deployment of photovoltaic (PV) panels on water surfaces, such as reservoirs, lakes, canals, and other bodies of water, to generate clean electricity. Unlike conventional ground-mounted solar systems, floating solar panels minimize land use, reduce water evaporation, and often achieve higher energy efficiency due to natural cooling from water surfaces. The industry is expanding rapidly, driven by rising worldwide demand for renewable energy, land constraints in highly populated areas, and favorable government policies and subsidies. Floating solar technology is progressively being incorporated into existing hydroelectric infrastructure, allowing for more efficient energy generation while also reducing environmental impact. Additionally, developments in panel efficiency, durability, and floating platform design are driving global adoption. Rapid industrialization, increased energy consumption, and considerable renewable energy investments are propelling the Asia-Pacific region to the forefront of market development. Notably, Japan's most efficient solar panels market is gaining popularity for merging high-efficiency PV technologies with floating solar applications, resulting in increased energy output and sustainability. Overall, floating solar panels provide an innovative and environmentally beneficial option to fulfill the world's expanding energy demands.
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Floating Solar Panels Market Size & Statistics
- The Market Size for Floating Solar Panels Was Estimated to be worth USD 8.5 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 28.72% between 2025 and 2035.
- The Global Floating Solar Panels Market Size is anticipated to reach USD 136.6 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the Floating Solar Panels Market
- Asia Pacific is expected to grow the fastest during the forecast period in the Floating Solar Panels Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the floating solar panels market. Asia-Pacific is expected to witness the fastest growth in the floating solar panels market during the forecast period. This growth is driven by increasing energy demand, rapid industrialization, supportive government policies, and large-scale investments in renewable energy infrastructure, particularly in countries like China, India, and Japan.
North America is expected to generate the highest demand during the forecast period in the floating solar panels market. North America is expected to generate the highest demand in the floating solar panels market during the forecast period. The region’s growth is supported by advanced technological adoption, well-established renewable energy infrastructure, government incentives, and significant investments in sustainable power generation and floating solar projects.
Top 10 Trends in the Floating Solar Panels Market
- Rapid Market Growth & Investment
- Community & Urban Applications
- Technological Advancements
- Energy Storage Integration
- Environmental Benefits
- Addressing Land Scarcity
- Focus on Sustainability
- Regulatory Frameworks
- Asia-Pacific Dominance
- Improved Efficiency and Cost-Effectiveness
1. Rapid Market Growth & Investment
The floating solar business is expanding rapidly due to rising worldwide demand for renewable energy. Governments, private investors, and utility companies are investing large-scale floating solar projects, mainly in Asia-Pacific and Europe, to boost renewable energy capacity and optimize water resources.
2. Community & Urban Applications
To address local energy demands, floating solar panels are increasingly being installed in urban bodies of water, reservoirs, and canals. These solutions facilitate community-level power generation, minimize reliance on land-based infrastructure, and encourage sustainable urban development.
3. Technological Advancements
Innovation in floating platform design, panel efficiency, anchoring mechanisms, and corrosion-resistant materials is propelling adoption. Advanced technologies provide increased energy production, a longer lifespan, and more flexibility to changing water levels and environmental conditions.
4. Energy Storage Integration
Integration with battery storage and hybrid systems enables floating solar panels to deliver continuous electricity, regulate grid demand, and improve dependability. Energy storage optimizes intermittent solar power, making these systems more feasible and adaptable.
5. Environmental Benefits
Floating solar panels reduce water evaporation, inhibit algal development, and mitigate land-use disputes. They provide a sustainable solution by preserving natural resources, promoting biodiversity, and minimizing greenhouse gas emissions compared to traditional energy systems.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the floating solar panels market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the Floating Solar Panels Market
- Trina Solar Limited
- JA Solar Technology Co., Ltd.
- Hanwha Q CELLS Co., Ltd.
- Canadian Solar Inc.
- JinkoSolar Holding Co., Ltd.
- LONGi Solar Technology Co., Ltd.
- First Solar, Inc.
- SunPower Corporation
- Sharp Corporation
- Kyocera Corporation
- Tata Power Solar Systems Ltd.
- Sungrow Power Supply Co., Ltd.
- Ciel & Terre International
- Ocean Sun AS
- Swimsol GmbH
- Adtech Systems Limited
- Waaree Energies Ltd.
- Pristine Sun LLC
- SPG Solar, Inc.
- Vikram Solar Limited
- Hanergy Holding Group Ltd.
- Yingli Green Energy
- TenKsolar
- EDF Renewables
- Rena
1. Trina Solar Limited
Headquarters: Changzhou, Jiangsu, China
Trina Solar Limited, based in Changzhou, Jiangsu, China, is a top global provider of solar modules and smart energy solutions. The firm operates in over 170 countries and has regional headquarters in Zurich, San Jose, Miami, Singapore, and Dubai, allowing it to service a wide range of global markets. Trina Solar contributes significantly to the advancement of floating solar technologies by providing high-efficiency solar modules and integrated energy solutions that maximize performance and dependability. Its global initiatives and innovative solutions help to sustainable energy generation, assisting the shift to renewable energy while solving land constraints and environmental concerns globally.
2. JA Solar Technology Co., Ltd.
Headquarters: Beijing, China
JA Solar Technology Co., Ltd., located in Beijing, China, is a top maker of high-performance solar goods. The corporation operates in 178 countries and territories, including the United States, Germany, Italy, Spain, Sweden, and South Korea. JA Solar makes a substantial contribution to floating solar projects across the world by providing efficient solar modules and creative techniques for increasing power output. Its global activities promote sustainable energy adoption by assisting communities and companies in transitioning to renewable electricity while minimizing environmental impact. JA Solar's products and technology are widely regarded as high-quality, dependable, and adaptable to a broad range of floating solar applications.
3. HANWHA Q CELLS CO., LTD.
Headquarters: Seoul, South Korea
Hanwha Q CELLS Co., Ltd., based in Seoul, South Korea, has production sites in South Korea, China, and Malaysia, and additionally operates research and development centers in the United States, Germany, and South Korea. Hanwha Q CELLS, a prominent solar cell producer, offers high-efficiency modules and creative solutions for floating solar installations. The company's global experience in solar technology promotes sustainable energy generation by providing dependable and cost-effective systems for residential, commercial, and utility-scale applications. By merging innovative solar technologies with floating solar platforms, Hanwha Q CELLS contributes to optimal energy output, environmental conservation, and the global shift to renewable energy sources.
4. Canadian Solar Inc.
Headquarters: Kitchener, Ontario, Canada
Canadian Solar Inc., based in Kitchener, Ontario, Canada, operates in over 160 countries on six continents, with companies in 23 countries and regions. The firm is a market leader in floating solar energy systems, providing a diverse variety of solar modules, energy storage, and system solutions. Canadian Solar's solutions improve efficiency and dependability in floating solar systems, hence promoting global renewable energy adoption. Its significant international presence and unique technology enable the firm to produce sustainable, cost-effective solar power solutions while overcoming land-use constraints and environmental concerns, positioning it as a vital contributor to the global expansion of floating solar markets.
5. JinkoSolar Holding Co., Ltd.
Headquarters: Shanghai, China
JinkoSolar Holding Co., Ltd., based in Shanghai, China, has production facilities in China, Vietnam, and the United States, and operates in more than 31 countries worldwide. JinkoSolar is a prominent manufacturer of high-quality solar modules for floating solar systems that promote efficient and dependable energy generation. The company's global network and technical breakthroughs enable it to engage in large-scale renewable energy projects, thereby improving performance and sustainability. JinkoSolar contributes to carbon emissions reduction, land conservation, and renewable energy adoption by providing sophisticated solar solutions for floating solar farms, assisting countries in transitioning to cleaner, more sustainable power systems.
Are you ready to discover more about the floating solar panels market?
The report provides an in-depth analysis of the leading companies operating in the global floating solar panels market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Trina Solar Limited
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- JA Solar Technology Co., Ltd.
- HANWHA Q CELLS CO., LTD.
- Canadian Solar Inc.
- JinkoSolar Holding Co., Ltd.
- LONGi Solar Technology Co., Ltd.
- First Solar, Inc.
- SunPower Corporation
- Sharp Corporation
- Others.
Conclusion
The Global Floating Solar Panels Market Size is experiencing significant growth as countries seek sustainable, space-efficient energy solutions. Leading companies like Trina Solar, JA Solar, Hanwha Q CELLS, Canadian Solar, and JinkoSolar are driving innovation with high-efficiency solar modules and integrated energy solutions for water-based installations. Floating solar panels optimize energy generation, reduce land use, and offer environmental benefits such as decreased water evaporation and lower carbon emissions. With increasing investments, supportive government policies, and technological advancements, the market is poised for rapid expansion. These companies play a pivotal role in advancing renewable energy adoption and supporting the global transition to cleaner power systems.
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