Report cover image

Floating Solar Power Systems Market Forecasts to 2034 – Global Analysis By Product Type (Photovoltaic Floating Platforms, Anchoring & Mooring Systems, Electrical Balance of System (BoS)), Component, Panel Type, Capacity, Technology, Application, End User

Published Feb 06, 2026
Length 200 Pages
SKU # SMR20842812

Description

According to Stratistics MRC, the Global Floating Solar Power Systems Market is accounted for $7.9 billion in 2026 and is expected to reach $9.2 billion by 2034 growing at a CAGR of 2% during the forecast period. Floating Solar Power Systems are photovoltaic installations mounted on buoyant platforms across water bodies such as reservoirs, lakes, or dams. They generate renewable electricity while conserving land space, reducing water evaporation, and improving panel efficiency through natural cooling. These systems integrate anchoring, mooring, and electrical connections to withstand environmental conditions. Widely adopted in regions with limited land availability, floating solar enhances grid sustainability, supports clean energy targets, and provides scalable solutions for large scale renewable power generation.


Market Dynamics:


Driver:

Rising land constraints for solar

Accelerating utility-scale solar deployment, land scarcity has emerged as a critical growth catalyst for floating solar power systems. Urbanization, competing agricultural land use, and ecological preservation norms are limiting ground-mounted solar installations, particularly in densely populated regions. Floating solar mitigates these constraints by utilizing idle water surfaces, including reservoirs and irrigation canals, without land acquisition complexities. Additionally, improved module efficiency due to water-based cooling enhances power output, strengthening the economic viability of floating installations and positioning them as a strategic alternative within national renewable energy portfolios.


Restraint:

High installation and anchoring costs

Despite strong adoption momentum, high upfront installation and anchoring costs continue to restrain market expansion. Floating solar systems require specialized pontoons, corrosion-resistant materials, mooring mechanisms, and advanced electrical insulation, increasing capital expenditure compared to conventional ground-mounted PV. Engineering complexities related to water depth, sediment conditions, and wave dynamics further elevate project costs. These financial barriers are particularly restrictive for small utilities and emerging economies, where return-on-investment sensitivity remains high, thereby slowing large-scale commercial deployment in cost-constrained markets.


Opportunity:

Untapped reservoirs and inland waterbodies

Expanding renewable targets, vast untapped reservoirs and inland waterbodies present a compelling growth opportunity for floating solar power systems. Hydropower dams, water treatment ponds, mining pits, and industrial reservoirs offer ready-to-deploy surfaces with existing grid connectivity, significantly reducing transmission costs. Co-location with hydropower assets enables hybrid generation models, improving capacity utilization and grid stability. Governments and utilities increasingly recognize these synergies, creating a favorable investment landscape for floating solar developers seeking scalable, low-land-impact energy solutions.


Threat:

Extreme weather and water-level fluctuations

Extreme weather events and fluctuating water levels pose persistent threats to floating solar infrastructure. Strong winds, cyclones, flooding, and prolonged droughts can destabilize anchoring systems, damage floating platforms, and disrupt power generation. Seasonal water-level variations complicate system design, requiring adaptable mooring solutions and increasing maintenance costs. In climate-vulnerable regions, these risks heighten operational uncertainty and insurance premiums, potentially deterring investor confidence. As climate volatility intensifies, resilience engineering becomes critical to sustaining long-term market growth.


Covid-19 Impact:

The COVID-19 pandemic had a mixed impact on the floating solar power systems market. Initial lockdowns disrupted global supply chains, delayed project timelines, and constrained workforce availability, particularly for large reservoir-based installations. However, post-pandemic recovery plans emphasized clean energy investments, accelerating renewable infrastructure funding. Governments prioritized solar projects with minimal land acquisition challenges, indirectly benefiting floating solar adoption. As supply chains stabilized, deferred projects resumed, positioning floating solar as a resilient segment within the broader renewable energy recovery trajectory.

The photovoltaic floating platforms segment is expected to be the largest during the forecast period

The photovoltaic floating platforms segment is expected to account for the largest market share during the forecast period, owing to its foundational role in system stability and scalability. These platforms support PV modules, withstand hydrodynamic forces, and ensure long-term durability across varied water conditions. Continuous advancements in modular platform design, lightweight materials, and UV-resistant polymers have reduced lifecycle costs while improving deployment efficiency. Their adaptability across reservoirs, lakes, and industrial ponds reinforces their dominance within floating solar system configurations.

The solar PV modules segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the solar PV modules segment is predicted to witness the highest growth rate, reinforced by rapid efficiency improvements and declining module prices. High-efficiency mono-PERC, TOPCon, and bifacial modules are increasingly adopted in floating installations to maximize energy yield per surface area. Enhanced resistance to humidity and corrosion further supports suitability for aquatic environments. As module innovation accelerates and costs continue to fall, PV modules emerge as the fastest-growing component driving overall system performance gains.


Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share, supported by increasing deployment across reservoirs, water treatment plants, and hydropower facilities. Fueled by strong policy support for renewable energy diversification, the region is leveraging floating solar to optimize land use and enhance energy yields. Moreover, technological advancements in floating platforms and grid integration are improving project feasibility, thereby sustaining regional market leadership.


Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR, driven by rapid growth in renewable energy capacity and rising land constraints. Spurred by large-scale installations in countries such as China, India, Japan, and South Korea, floating solar adoption is accelerating. In addition, supportive government incentives and increasing investments in water-based renewable infrastructure are collectively propelling robust regional market growth.


Key players in the market

Some of the key players in Floating Solar Power Systems Market include Ciel & Terre International, Trina Solar, LONGi Green Energy Technology, JA Solar, Hanwha Q CELLS, JinkoSolar, Kyocera Corporation, Sunseap Group, Swimsol GmbH, REC Solar, China Three Gorges New Energy, Floatex Solar, BayWa r.e., Vikram Solar, Ocean Sun AS, SolarDeck, Statkraft and Adtech Systems Limited.


Key Developments:

In September 2025, Sunseap Group unveiled a strategic collaboration with Enel Green Power to co-develop floating solar projects across Southeast Asia, expanding the regional renewable portfolio.

In August 2025, JA Solar continued expanding its floating solar portfolio by integrating high-efficiency N-type modules designed for improved performance in water-based PV installations.

In April 2025, Trina Solar launched its new floating solar platform “TrinaFloat,” targeting utility-scale floating PV applications globally to expand its footprint in reservoir and water-based renewable generation markets.

Product Types Covered:
• Photovoltaic Floating Platforms
• Anchoring & Mooring Systems
• Electrical Balance of System (BoS)

Components Covered:
• Solar PV Modules
• Floats & Structural Platforms
• Mooring & Anchoring Equipment
• Inverters & Transformers
• Monitoring & Control Systems

Panel Types Covered:
• Poly-Crystalline Panels
• Thin-Film Panels

Capacities Covered:
• Up to 5 MW
• 5.1 MW to 50 MW
• Above 50 MW

Technologies Covered:
• Mono-Crystalline PV Technology
• Bifacial Floating PV Technology
• Hybrid Floating Solar-Hydropower Systems
• Smart Monitoring & Digital O&M Technologies

Applications Covered:
• Reservoirs & Dams
• Industrial Water Bodies
• Irrigation Canals
• Mining Pits & Quarries
• Offshore & Coastal Water Bodies

End Users Covered:
• Utility-Scale Power Producers
• Industrial & Commercial Operators
• Government & Municipal Authorities
• Water Resource Management Agencies
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa


What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2023, 2024, 2025, 2026, 2027, 2028, 2030, 2032 and 2034
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Table of Contents

200 Pages
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 End User Analysis
3.10 Emerging Markets
3.11 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Floating Solar Power Systems Market, By Product Type
5.1 Introduction
5.2 Photovoltaic Floating Platforms
5.2.1 Modular HDPE Float Systems
5.2.2 Steel Pontoon-Based Systems
5.3 Anchoring & Mooring Systems
5.3.1 Fixed Mooring Systems
5.3.2 Dynamic Anchoring Systems
5.4 Electrical Balance of System (BoS)
5.4.1 Floating Inverters
5.4.2 Cabling & Connectors
6 Global Floating Solar Power Systems Market, By Component
6.1 Introduction
6.2 Solar PV Modules
6.3 Floats & Structural Platforms
6.4 Mooring & Anchoring Equipment
6.5 Inverters & Transformers
6.6 Monitoring & Control Systems
7 Global Floating Solar Power Systems Market, By Panel Type
7.1 Introduction
7.2 Poly-Crystalline Panels
7.3 Thin-Film Panels
8 Global Floating Solar Power Systems Market, By Capacity
8.1 Introduction
8.2 Up to 5 MW
8.3 5.1 MW to 50 MW
8.4 Above 50 MW
9 Global Floating Solar Power Systems Market, By Technology
9.1 Introduction
9.2 Mono-Crystalline PV Technology
9.3 Bifacial Floating PV Technology
9.4 Hybrid Floating Solar-Hydropower Systems
9.5 Smart Monitoring & Digital O&M Technologies
10 Global Floating Solar Power Systems Market, By Application
10.1 Introduction
10.2 Reservoirs & Dams
10.3 Industrial Water Bodies
10.4 Irrigation Canals
10.5 Mining Pits & Quarries
10.6 Offshore & Coastal Water Bodies
11 Global Floating Solar Power Systems Market, By End User
11.1 Introduction
11.2 Utility-Scale Power Producers
11.3 Industrial & Commercial Operators
11.4 Government & Municipal Authorities
11.5 Water Resource Management Agencies
11.6 Other End Users
12 Global Floating Solar Power Systems Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Ciel & Terre International
14.2 Trina Solar
14.3 LONGi Green Energy Technology
14.4 JA Solar
14.5 Hanwha Q CELLS
14.6 JinkoSolar
14.7 Kyocera Corporation
14.8 Sunseap Group
14.9 Swimsol GmbH
14.10 REC Solar
14.11 China Three Gorges New Energy
14.12 Floatex Solar
14.13 BayWa r.e.
14.14 Vikram Solar
14.15 Ocean Sun AS
14.16 SolarDeck
14.17 Statkraft
14.18 Adtech Systems Limited
List of Tables
Table 1 Global Floating Solar Power Systems Market Outlook, By Region (2025-2034) ($MN)
Table 2 Global Floating Solar Power Systems Market Outlook, By Product Type (2025-2034) ($MN)
Table 3 Global Floating Solar Power Systems Market Outlook, By Photovoltaic Floating Platforms (2025-2034) ($MN)
Table 4 Global Floating Solar Power Systems Market Outlook, By Modular HDPE Float Systems (2025-2034) ($MN)
Table 5 Global Floating Solar Power Systems Market Outlook, By Steel Pontoon-Based Systems (2025-2034) ($MN)
Table 6 Global Floating Solar Power Systems Market Outlook, By Anchoring & Mooring Systems (2025-2034) ($MN)
Table 7 Global Floating Solar Power Systems Market Outlook, By Fixed Mooring Systems (2025-2034) ($MN)
Table 8 Global Floating Solar Power Systems Market Outlook, By Dynamic Anchoring Systems (2025-2034) ($MN)
Table 9 Global Floating Solar Power Systems Market Outlook, By Electrical Balance of System (BoS) (2025-2034) ($MN)
Table 10 Global Floating Solar Power Systems Market Outlook, By Floating Inverters (2025-2034) ($MN)
Table 11 Global Floating Solar Power Systems Market Outlook, By Cabling & Connectors (2025-2034) ($MN)
Table 12 Global Floating Solar Power Systems Market Outlook, By Component (2025-2034) ($MN)
Table 13 Global Floating Solar Power Systems Market Outlook, By Solar PV Modules (2025-2034) ($MN)
Table 14 Global Floating Solar Power Systems Market Outlook, By Floats & Structural Platforms (2025-2034) ($MN)
Table 15 Global Floating Solar Power Systems Market Outlook, By Mooring & Anchoring Equipment (2025-2034) ($MN)
Table 16 Global Floating Solar Power Systems Market Outlook, By Inverters & Transformers (2025-2034) ($MN)
Table 17 Global Floating Solar Power Systems Market Outlook, By Monitoring & Control Systems (2025-2034) ($MN)
Table 18 Global Floating Solar Power Systems Market Outlook, By Panel Type (2025-2034) ($MN)
Table 19 Global Floating Solar Power Systems Market Outlook, By Poly-Crystalline Panels (2025-2034) ($MN)
Table 20 Global Floating Solar Power Systems Market Outlook, By Thin-Film Panels (2025-2034) ($MN)
Table 21 Global Floating Solar Power Systems Market Outlook, By Capacity (2025-2034) ($MN)
Table 22 Global Floating Solar Power Systems Market Outlook, By Up to 5 MW (2025-2034) ($MN)
Table 23 Global Floating Solar Power Systems Market Outlook, By 5.1 MW to 50 MW (2025-2034) ($MN)
Table 24 Global Floating Solar Power Systems Market Outlook, By Above 50 MW (2025-2034) ($MN)
Table 25 Global Floating Solar Power Systems Market Outlook, By Technology (2025-2034) ($MN)
Table 26 Global Floating Solar Power Systems Market Outlook, By Mono-Crystalline PV Technology (2025-2034) ($MN)
Table 27 Global Floating Solar Power Systems Market Outlook, By Bifacial Floating PV Technology (2025-2034) ($MN)
Table 28 Global Floating Solar Power Systems Market Outlook, By Hybrid Floating Solar-Hydropower Systems (2025-2034) ($MN)
Table 29 Global Floating Solar Power Systems Market Outlook, By Smart Monitoring & Digital O&M Technologies (2025-2034) ($MN)
Table 30 Global Floating Solar Power Systems Market Outlook, By Application (2025-2034) ($MN)
Table 31 Global Floating Solar Power Systems Market Outlook, By Reservoirs & Dams (2025-2034) ($MN)
Table 32 Global Floating Solar Power Systems Market Outlook, By Industrial Water Bodies (2025-2034) ($MN)
Table 33 Global Floating Solar Power Systems Market Outlook, By Irrigation Canals (2025-2034) ($MN)
Table 34 Global Floating Solar Power Systems Market Outlook, By Mining Pits & Quarries (2025-2034) ($MN)
Table 35 Global Floating Solar Power Systems Market Outlook, By Offshore & Coastal Water Bodies (2025-2034) ($MN)
Table 36 Global Floating Solar Power Systems Market Outlook, By End User (2025-2034) ($MN)
Table 37 Global Floating Solar Power Systems Market Outlook, By Utility-Scale Power Producers (2025-2034) ($MN)
Table 38 Global Floating Solar Power Systems Market Outlook, By Industrial & Commercial Operators (2025-2034) ($MN)
Table 39 Global Floating Solar Power Systems Market Outlook, By Government & Municipal Authorities (2025-2034) ($MN)
Table 40 Global Floating Solar Power Systems Market Outlook, By Water Resource Management Agencies (2025-2034) ($MN)
Table 41 Global Floating Solar Power Systems Market Outlook, By Other End Users (2025-2034) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
How Do Licenses Work?
Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.