Upcoming Allied Market Research
Floating Solar Panels Market

Floating Solar Panels Market

Size, Share, Competitive Landscape and Trend Analysis Report by Product Type (Stationary floating solar panels, Tracking floating solar panels) and by Location (Onshore, Offshore): Global Opportunity Analysis and Industry Forecast, 2023-2032

Report Code: A08056
Pages: NA
Tables: NA
Charts: NA
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.


Floating Solar panel technology has been coming under light as a favorable and cost-effective alternative to land-based photovoltaic systems. It is a new method of using water surface available on dams, reservoirs, and other water bodies for the generation of solar energy. Floating solar panels consists of panels that are installed on water bodies such as irrigation ponds, reservoirs, lakes, canals, and ocean. It is a new method of utilizing water surface available on dams, reservoirs, and other water bodies for the generation of solar energy. These panel that are on water bodies, this helps to maintain the temperature of the silicon panels by upholding the efficiency. These systems have various benefits over traditional power generation systems such as safe and noiseless power generation Floating solar panel based plant or farm is an arrangement of photovoltaic solar panels on a structure that floats on a water body, which is generally a lake or reservoir. Solar panels used in the construction of floating solar farms are known as floating solar panels. Floating solar panels/plants help conserve water through reduction of evaporation, and increase power generation due to the cooling effect of solar panels.

Covid impact on industry -

COVID-19 pandemic has shut-down the production of various products in the floating solar panels industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the floating solar panel market significantly from last few months, as is likely to continue during 2020.

COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year.

The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.

Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.

Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

These floating solar panel has its high use in solar industry. Also, high demand of solar industry has been driving factor for this industry to grow. 

  • High Installation Cost of Floating Solar Panels/plants to Restrain Market

Installation of a floating solar panels/system requires special floaters that are anchored at the bottom of the reservoir to prevent the movement of the panels due to the wind. The tracking technology is in the nascent stage. The overall cost of technology is higher than the stationary type, which affects the project cost. High installation cost associated with the floating solar panel/system is a major restraint of the global floating solar panels market. High investment cost also jeopardizes the profitability of the system and raises issues about project investment. Companies such as Ciel & Terre provide the option of financing the projects for their customers. They also offer the entire package of project development services to clients along with EPC and operation & maintenance services. Governments of various countries such as Brazil, India, and Singapore have evinced interest in this technology. These countries provide financial incentives to the owners of floating solar panel projects. 

  • High Demand for Renewable Energy Source to Create Opportunities

Demand for renewable energy has been increasing due to the depletion of natural resources such as crude oil, coal, and natural gas; and adverse effects of fossil resources on the environment. Solar energy is considered to be renewable source of energy due to the abundant availability of solar power. Floating solar panels carry various advantages over their land-based counterparts. This is anticipated to boost the demand for floating solar panels, especially in countries and regions with large number of water bodies. Availability of trained manpower and government policies are boosting the confidence of investors. Countries facing power crisis are moving toward renewables to meet the shortage of power. Floating solar panels provide a highly viable solution over land-based solar power plants . Companies are constantly conducting research and development activities to increase the overall efficiency of solar panels and systems. A major breakthrough could be tracking floating solar systems. A solar tracker traces the movement of the sun and orients the panel by moving it in one or two axis in order to increase the time of exposure of panels to the sunlight. It also helps improve the overall efficiency of the system. Recent innovations in floating solar panels and rise in demand for sources of renewable energy are anticipated to boost the market in the near future 

Key benefits of the report:

  • This study presents the analytical depiction of the floating solar panels market along with the current trends and future estimations to determine the future of the market 
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of floating solar panel market share.
  • The current market is quantitatively analyzed to highlight the floating solar panel market growth scenario.

Floating Solar Panels Market Report Highlights

Aspects Details
By Product Type
  • Stationary floating solar panels
  • Tracking floating solar panels
By Location
  • Onshore
  • Offshore
By Region
  • North America  (US, Canada)
  • Europe  (Germany, UK, France, Italy, rest of Europe)
  • Asia Pacific  (China, Japan, India, Australia, rest of Asia Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Midea Group Co., Ltd., Mitsubishi Electric Corporation, Hitachi, Ltd., United Technologies Corp., Lennox International Inc., Electrolux AB, Samsung Electronics Co.Ltd, Panasonic Corporation, Sharp Corporation

Loading Table Of Content...

With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts

Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

Purchase Options

Call or Email Us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Enquiry Now

Purchase Full Report of
Floating Solar Panels Market

Start reading.
This Report and over 71,295+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,690
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Single User
  • $5,820
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Five Users
  • $6,540
  • Limited to five authorized users
  • Print upto five copies
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Enterprise

  • $9,870
  • Unlimited
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Library

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
  • Company Profiles
  • Newly Added Content Access
  • 10 PDF
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

Related Reports

Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of the scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time for readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of the scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save the time of readers