GLOBAL FLOATING SOLAR PANELS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Regional Analysis

Global Floating Panels Market Regional Insights:

Asia Pacific, especially China, is the dominant region in the global floating solar panels market. China has emerged as one of the world's largest producers and consumers of solar power over the past decade. It has invested heavily in developing its domestic solar manufacturing capabilities and is the home to many leading manufacturers. Several key solar component suppliers are headquartered in China, with an inherent advantage in the floating solar panels market value chain. China also boasts a very competitive manufacturing environment, allowing its producers to offer floating solar panels at competitive prices. This has contributed to the rapid uptake of floating solar panels installations across the country. Many Chinese provincial governments have also unveiled supportive policy initiatives and provide subsidies that have boosted market growth.

The Middle East region, centered on GCC countries, is fastest growing regional market for floating solar panels. With increasing prominence of solar power across the oil-rich Gulf nations in their pursuit of diversifying energy mix, floating solar PV is gaining traction. GCC countries are witnessing rising demand from large-scale utility projects as well as commercial and industrial installations. U.A.E, in particular, has emerged as an attractive market. The formation of the Dubai Electricity and Water Authority Solar Park, the largest single-site solar park in the world based on independent power producer model, which has raised the profile of solar power in the country. Increasing investments are flowing into the region from panel manufacturers targeting new project opportunities arising from the expanding solar addressable market. This makes the Middle East an attractive production and export base for floating solar panel manufacturers.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa