Global Floating Solar Panels Market Size & Outlook
Global floating solar panels market, 2018-2030 (US$M)
Related Markets
Global floating solar panels market highlights
- The global floating solar panels market generated a revenue of USD 35.6 million in 2022 and is expected to reach USD 180.2 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 22.5% by 2030.
- In terms of segment, stationary floating solar panels accounted for a revenue of USD 28.6 million in 2022.
- Stationary Floating Solar Panels is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Japan is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 35.6 million |
| Market revenue in 2030 | USD 180.2 million |
| Growth rate | 22.5% (CAGR from 2022 to 2030) |
| Largest segment | Stationary floating solar panels |
| Fastest growing segment | Stationary Floating Solar Panels |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Stationary Floating Solar Panels, Tracking Floating Solar Panels |
Other key industry trends
- In terms of revenue, the North America accounted for 7.6% of the global floating solar panels market in 2022.
- By country, the Japan is projected to lead the global market in terms of revenue in 2030.
- By country, Japan is the fastest growing regional market and is projected to reach USD 65.4 million by 2030.
Key Regions: U.S. , Japan , China , India , South Korea
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Floating Solar Panels Market Scope
Floating Solar Panels Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global floating solar panels market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to floating solar panels market will help companies and investors design strategic landscapes.
Stationary floating solar panels was the largest segment with a revenue share of 80.34% in 2022. Horizon Databook has segmented the Global floating solar panels market based on stationary floating solar panels, tracking floating solar panels covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for floating solar plants is expected to witness significant growth over the forecast period. This can be attributed to the rising need for renewable sources of energy including wind, hydropower and solar. Wind energy and hydropower are being widely installed across all the regions. However, the high cost associated with land acquisition is expected to be a major restraining factor for the market growth.
The penetration of floating solar plants is high in Japan owing to the need for renewable sources of energy with decreasing availability of land. In addition, limited reserves of natural resources are expected to have a positive impact on the market growth over the next nine years in the country.
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Our clientele includes a mix of floating solar panels market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global floating solar panels market , including forecasts for subscribers. This global databook contains high-level insights into Global floating solar panels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global floating solar panels market size, by regions, 2018-2030 (US$M)
Top 10 countries: Floating solar panels market size, 2022 (US$M)
Global floating solar panels market share, by product, 2022 & 2030 (%, US$M)
Floating solar panels market: Opportunity assessment by country
Global floating solar panels market, by region, 2022 (US$M)
Related regional statistics
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