Floating Solar Panels Markets Project Strong Growth in Europe and India

Market research forecasts indicate rapid expansion of floating solar panel installations. In Europe, the market was valued at about USD 279 million in 2024 and is projected to reach roughly USD 3.1 billion by 2035, reflecting a compound annual growth rate of 24%. Key companies active in the region include Trina Solar, Ciel & Terre, Sungrow Power Supply, JA Solar, First Solar, Canadian Solar, LONGi Green Energy, Enel Green Power and Solarpack.

India’s floating solar sector was estimated at USD 139.5 million in 2024 and is expected to grow to approximately USD 1.55 billion by 2035, also at a 24% CAGR. Leading participants comprise Trina Solar, Ciel & Terre, Sungrow Power Supply, JA Solar, First Solar, Canadian Solar, Floating Solar, SolarFloat and Enel Green Power. Both markets face challenges such as product differentiation, financial management and regulatory complexity, while opportunities arise from partnerships, smart‑appliance integration and broader renewable‑energy adoption.