Global Onshore Floating Solar Market Size, Share, Growth, Forecast Report 2030

The global onshore floating solar market was worth more than 21 billion USD in 2019 and is expected to reach around 30 billion USD by 2026, growing at a CAGR of nearly 16.2% between 2020 and 2026.

The paper assesses and analyses the global and regional markets for onshore floating solar. The report thoroughly examines market competition, constraints, revenue projections, opportunities, emerging trends, and data verified by industry experts. The report includes revenue projections from 2020 to 2026 as well as historical data from 2017 to 2019. (In US dollars, billions of dollars.

Onshore Floating Solar Industry Insights

Onshore floating solar techniques locate and generate solar energy in bodies of water that are uninhabited, such as lakes and man-made basins. Furthermore, supporters of onshore floating solar technology believe it will significantly increase the use of renewable energy in developing countries with large populations and limited land.

The first floating solar system was introduced in Japan in 2007, and smaller versions have since been installed in France, Spain, the Republic of Korea, the United States, and Italy. Furthermore, onshore floating solar panels are resistant to harsh weather, which will help the industry grow in the coming years.

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Onshore Floating Solar Market Growth Dynamics

Ongoing blackouts caused by insufficient energy generation, as well as increased demand for a constant supply of electricity in factories, have translated into massive demand for onshore floating solar panels, driving onshore floating solar market trends. Between 2020 and 2026, the market for onshore floating solar is expected to grow significantly as onshore solar energy service providers expand the deployment of solar power units for generating electricity. However, the additional costs incurred as a result of the onshore floating solar unit’s deployment will have an impact on market growth during the evaluation period.

Onshore Floating Solar Market Regional Landscape

The Asia Pacific market will expand the greatest between 2020 and 2026.

The demand for continuous power supply in densely populated countries such as China and India will drive the Asia Pacific onshore floating solar industry to expand during the allotted time period. The number of manufacturing facilities in Asian countries will increase as a result of industrialization and urbanisation over the forecast period, and the smart city movement will gain traction in countries such as China and India. The market will grow as more people become aware of the widespread availability of solar energy in Asian countries, as well as the region’s developing renewable energy trends.

Competitive Landscape

Key players profiled in the study are

Ciel and Terre International


Yellow Tropus Pvt. Ltd.

Adtech Systems Limited


EDP S.A. (China Three Gorges Corporation)

Ocean Sun AS

KYOCERA Corporation

Waaree Energies Ltd.

The global Onshore Floating Solar Market is segmented as follows:

By Component

PV Modules

Lightning Protection System

Anchoring Syste


By Application


Hydroelectric Dam

Water Treatment

Quarry & Mining

By Type



By Region

North America

The U.S.




The UK




Rest of Europe

Asia Pacific




South Korea

Southeast Asia

Rest of Asia Pacific

Latin America



Rest of Latin America

Middle East & Africa


South Africa

Rest of Middle East & Africa

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Zion Market Research

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