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China Floating Solar Panels Market

ID: MRFR/EnP/53712-HCR
200 Pages
Chitranshi Jaiswal
October 2025

China Floating Solar Panels Market Research Report By Product (Stationary Floating Solar Panels, Tracking Floating Solar Panels) and By Location (Onshore, Offshore)-Forecast to 2035

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China Floating Solar Panels Market Infographic
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China Floating Solar Panels Market Summary

As per MRFR analysis, the floating solar panels market size was estimated at 279.0 USD Million in 2024. The floating solar-panels market is projected to grow from 347.36 USD Million in 2025 to 3107.95 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 24.5% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The China The floating solar-panels market is poised for substantial growth. This growth is driven by technological advancements and supportive government policies.

  • Government initiatives are increasingly promoting the adoption of floating solar technology across various regions.
  • Technological advancements are enhancing the efficiency and cost-effectiveness of floating solar panels, making them more attractive to investors.
  • The largest segment in the market is utility-scale floating solar installations, while the fastest-growing segment is residential floating solar solutions.
  • Rising energy demand and government policy support are key drivers propelling the growth of the floating solar-panels market.

Market Size & Forecast

2024 Market Size 279.0 (USD Million)
2035 Market Size 3107.95 (USD Million)
CAGR (2025 - 2035) 24.5%

Major Players

Trina Solar (CN), Sungrow Power Supply (CN), Ciel & Terre (FR), JA Solar Technology (CN), Canadian Solar (CA), First Solar (US), LONGi Green Energy (CN), Enel Green Power (IT), Solarpack (ES)

China Floating Solar Panels Market Trends

The floating solar-panels market is experiencing notable growth. This growth is driven by increasing energy demands and a strong push towards renewable energy sources. In China, the government has implemented various policies to promote clean energy, which has led to a surge in investments in solar technologies. Floating solar installations are particularly appealing due to their ability to utilize water surfaces, thereby reducing land use conflicts. This innovative approach not only generates electricity but also helps in reducing evaporation from water bodies, contributing to water conservation efforts. Moreover, the floating solar-panels market benefits from advancements in technology, which enhance efficiency and reduce costs. The integration of floating solar systems with existing hydropower plants is becoming more common, allowing for optimized energy production. As environmental concerns continue to rise, the demand for sustainable energy solutions is likely to increase, positioning the floating solar-panels market as a key player in China's energy transition. The combination of government support, technological innovation, and environmental benefits suggests a promising future for this sector.

Government Initiatives

The Chinese government actively promotes renewable energy through various initiatives, including subsidies and incentives for floating solar projects. These policies aim to enhance energy security and reduce carbon emissions, fostering a favorable environment for market growth.

Technological Advancements

Innovations in floating solar technology are enhancing efficiency and reducing costs. Developments in materials and design are making installations more durable and easier to maintain, which could lead to wider adoption across different regions.

Environmental Benefits

Floating solar systems offer unique environmental advantages, such as reducing water evaporation and improving water quality. These benefits align with China's broader environmental goals, making the floating solar-panels market an attractive option for sustainable energy.

China Floating Solar Panels Market Drivers

Rising Energy Demand

The increasing energy demand in China is a pivotal driver for the floating solar-panels market. As urbanization accelerates and industrial activities expand, the need for sustainable energy solutions becomes more pressing. In 2025, China's energy consumption is projected to rise by approximately 3.5% annually, necessitating innovative approaches to energy generation. Floating solar panels offer a viable solution, utilizing water bodies to generate electricity without occupying valuable land. This dual-use of space is particularly advantageous in densely populated regions. The floating solar-panels market is expected to benefit significantly from this trend, as it aligns with China's commitment to achieving carbon neutrality by 2060. The integration of floating solar technology could potentially contribute to a substantial portion of the renewable energy mix, thereby addressing the growing energy needs while minimizing environmental impact.

Investment Opportunities

Investment opportunities in the floating solar-panels market are expanding, attracting both domestic and international investors. The Chinese government has recognized the potential of floating solar technology and is actively promoting it as a viable investment avenue. In 2025, the market is projected to attract investments exceeding $5 billion, driven by the increasing demand for renewable energy solutions. This influx of capital is likely to facilitate the development of innovative projects and technologies, further enhancing the market's growth potential. Additionally, partnerships between public and private sectors are expected to flourish, creating a collaborative environment that fosters innovation and efficiency. The floating solar-panels market is thus poised to benefit from a robust investment landscape, which could accelerate the deployment of floating solar projects across various regions.

Government Policy Support

Government policy support plays a crucial role in shaping the floating solar-panels market in China. The Chinese government has implemented various policies aimed at promoting renewable energy sources, including floating solar technology. In 2025, the government is expected to allocate approximately $10 billion to support the development and deployment of renewable energy projects. This funding is likely to enhance research and development efforts, making floating solar panels more efficient and cost-effective. Additionally, favorable regulations and incentives, such as feed-in tariffs and tax breaks, are anticipated to encourage investments in the floating solar-panels market. These supportive measures not only stimulate market growth but also align with China's broader environmental goals, fostering a transition towards a more sustainable energy landscape.

Technological Innovations

Technological innovations are driving advancements in the floating solar-panels market, enhancing efficiency and reducing costs. In recent years, significant progress has been made in photovoltaic technology, leading to the development of more efficient solar cells and floating structures. By 2025, the average efficiency of solar panels is projected to reach 22%, which could significantly improve energy output from floating installations. Moreover, innovations in materials and design are expected to enhance the durability and lifespan of floating solar systems, making them more attractive to investors. The floating solar-panels market is likely to experience accelerated growth as these technological advancements lower the barriers to entry and increase the feasibility of large-scale projects, particularly in regions with limited land availability.

Environmental Sustainability Goals

The pursuit of environmental sustainability goals is a key driver for the floating solar-panels market in China. As the country grapples with pollution and climate change, there is a growing emphasis on renewable energy sources to mitigate environmental degradation. Floating solar panels offer a unique advantage by reducing evaporation from water bodies and improving water quality. In 2025, it is estimated that floating solar installations could help offset approximately 15 million tons of CO2 emissions annually. This aligns with China's commitment to reducing its carbon footprint and transitioning to a low-carbon economy. The floating solar-panels market is positioned to play a vital role in achieving these sustainability targets, as it provides a clean energy solution that harmonizes with ecological preservation efforts.

Market Segment Insights

China Floating Solar Panels Market Segment Insights

China Floating Solar Panels Market Segment Insights

Floating Solar Panels Market Product Insights

Floating Solar Panels Market Product Insights

The China Floating Solar Panels Market has been experiencing significant growth, driven by the increasing need for renewable energy solutions and the availability of large water bodies suitable for floating solar installations.

With an emphasis on sustainability and energy efficiency, various products within this market, such as stationary and tracking floating solar panels, play a crucial role in enhancing energy generation capabilities.

Stationary floating solar panels offer a reliable and robust solution, particularly favored for their straightforward installation and lower maintenance requirements, providing consistent energy output in various water environments.

These panels significantly contribute to the overall performance of floating solar farms by utilizing available water surface areas, reducing land use conflicts, and minimizing evaporation from water bodies. On the other hand, tracking floating solar panels have gained traction due to their ability to follow the sun's path, maximizing energy capture throughout the day.

Floating Solar Panels Market Location Insights

Floating Solar Panels Market Location Insights

The Location segment of the China Floating Solar Panels Market presents a diverse landscape that is crucial for the deployment of solar technologies. The market comprises primarily Onshore and Offshore locations, both of which play significant roles in harnessing solar energy.

Onshore floating solar panels benefit from reduced installation costs and easier access for maintenance, making them a practical choice for many regions. Meanwhile, Offshore installations are viewed as a vital growth driver due to their ability to utilize expansive water bodies, helping to minimize land use conflicts and allowing for larger system sizes.

The geographical diversity of China, with its extensive inland lakes and coastal areas, provides a competitive advantage for both of these locations. Demand for energy in densely populated areas further emphasizes the significance of these locations in achieving national renewable energy goals.

The increased interest in sustainable energy solutions continues to boost developments in floating solar technologies, highlighting the importance of the Location segment in the overall market dynamics.

Get more detailed insights about China Floating Solar Panels Market

Key Players and Competitive Insights

The floating solar-panels market in China is characterized by a dynamic competitive landscape, driven by increasing energy demands and a strong governmental push towards renewable energy sources. Major players such as Trina Solar (CN), JA Solar Technology (CN), and LONGi Green Energy (CN) are at the forefront, focusing on innovation and regional expansion. Trina Solar (CN) has been particularly active in enhancing its technological capabilities, which positions it favorably against competitors. Meanwhile, JA Solar Technology (CN) emphasizes strategic partnerships to bolster its market presence, while LONGi Green Energy (CN) is concentrating on optimizing its supply chain to improve efficiency and reduce costs. Collectively, these strategies contribute to a competitive environment that is increasingly focused on technological advancement and operational efficiency.

Key business tactics within this market include localizing manufacturing and optimizing supply chains to mitigate risks associated with global logistics. The competitive structure appears moderately fragmented, with several key players exerting influence over market dynamics. This fragmentation allows for a variety of strategies to coexist, fostering innovation and competition among firms. The collective influence of these companies shapes a landscape where agility and responsiveness to market changes are paramount.

In October 2025, Trina Solar (CN) announced a partnership with a leading technology firm to develop advanced floating solar solutions that integrate AI for enhanced energy management. This strategic move is likely to position Trina Solar (CN) as a pioneer in smart solar technology, potentially increasing its market share and reinforcing its reputation as an innovator in the sector. The integration of AI could lead to improved efficiency and energy output, aligning with global trends towards digitalization in renewable energy.

In September 2025, JA Solar Technology (CN) launched a new line of high-efficiency floating solar panels designed specifically for large-scale installations. This product introduction not only showcases JA Solar's commitment to innovation but also addresses the growing demand for efficient energy solutions in China. By focusing on high-efficiency products, JA Solar (CN) may enhance its competitive edge, appealing to both commercial and governmental projects that prioritize energy output.

In August 2025, LONGi Green Energy (CN) completed a significant investment in expanding its manufacturing capabilities for floating solar panels. This expansion is expected to increase production capacity by 30%, allowing LONGi Green Energy (CN) to meet the rising demand for renewable energy solutions. Such a move indicates a proactive approach to scaling operations, which is crucial in a market that is rapidly evolving and where demand is expected to surge.

As of November 2025, current competitive trends in the floating solar-panels market are increasingly defined by digitalization, sustainability, and the integration of advanced technologies. Strategic alliances among key players are shaping the landscape, fostering collaboration that enhances innovation and market reach. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition towards a focus on technological innovation, supply chain reliability, and sustainable practices. This shift underscores the importance of adaptability and forward-thinking strategies in maintaining a competitive edge in the floating solar-panels market.

Key Companies in the China Floating Solar Panels Market market include

Industry Developments

Recent developments in the China Floating Solar Panels Market have showcased the continued expansion and innovation in this sector. The industry has witnessed a substantial increase in capacity, with major companies like Yingli Green Energy, Canadian Solar, and Trina Solar reporting significant growth figures in their floating solar installations.

In November 2022, JinkoSolar announced a partnership aimed at integrating floating solar solutions with traditional solar projects, enhancing both efficiency and environmental impact. Current affairs reflect China's aggressive push towards renewable energy, with the government supporting various initiatives that promote the adoption of floating solar technology to utilize underutilized water bodies.

The market valuation for key players such as GCLPoly Energy Holdings, Risen Energy, and Sungrow Power Supply has also been positively impacted, with market forecasts indicating strong growth through 2025 as demand for sustainable energy solutions rises.

In terms of mergers and acquisitions, CHINT Group's recent acquisition of a regional solar technology firm in July 2023 aims to bolster its floating solar capabilities, underscoring the competitive nature of the market. These advancements underscore China's commitment to bolstering its renewable energy infrastructure and technological leadership in the global solar market.

Future Outlook

China Floating Solar Panels Market Future Outlook

The Floating Solar Panels Market in China is projected to grow at a 24.5% CAGR from 2024 to 2035, driven by technological advancements, increasing energy demands, and sustainability initiatives.

New opportunities lie in:

  • Development of integrated floating solar and aquaculture systems
  • Investment in floating solar energy storage solutions
  • Partnerships for large-scale floating solar installations in industrial sectors

By 2035, The floating solar-panels market is expected to achieve significant advancements and innovations.

Market Segmentation

China Floating Solar Panels Market Product Outlook

  • Stationary Floating Solar Panels
  • Tracking Floating Solar Panels

China Floating Solar Panels Market Location Outlook

  • Onshore
  • Offshore

Report Scope

MARKET SIZE 2024 279.0(USD Million)
MARKET SIZE 2025 347.36(USD Million)
MARKET SIZE 2035 3107.95(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 24.5% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Trina Solar (CN), Sungrow Power Supply (CN), Ciel & Terre (FR), JA Solar Technology (CN), Canadian Solar (CA), First Solar (US), LONGi Green Energy (CN), Enel Green Power (IT), Solarpack (ES)
Segments Covered Product, Location
Key Market Opportunities Growing demand for renewable energy solutions drives innovation in the floating solar-panels market.
Key Market Dynamics Rising investments in floating solar technology driven by regulatory support and increasing energy demand in coastal regions.
Countries Covered China

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FAQs

What is the expected market size of the China Floating Solar Panels Market in 2024?

The China Floating Solar Panels Market is expected to be valued at 168.0 million USD in 2024.

What is the projected market size for the China Floating Solar Panels Market by 2035?

By 2035, the market is anticipated to reach a valuation of 1077.0 million USD.

What is the expected compound annual growth rate (CAGR) for the China Floating Solar Panels Market from 2025 to 2035?

The market is expected to grow at a CAGR of 18.401% during the forecast period from 2025 to 2035.

Which product segment is expected to dominate the China Floating Solar Panels Market in 2035?

The Stationary Floating Solar Panels segment is projected to dominate with an estimated value of 623.0 million USD by 2035.

What is the estimated market size for Tracking Floating Solar Panels in 2024?

The Tracking Floating Solar Panels segment is estimated to be valued at 68.0 million USD in 2024.

Who are the major players operating in the China Floating Solar Panels Market?

Key players include Yingli Green Energy, First Solar, Canadian Solar, and Trina Solar among others.

What will be the market size for Tracking Floating Solar Panels in 2035?

By 2035, the market size for Tracking Floating Solar Panels is projected to reach 454.0 million USD.

What are the key growth drivers of the China Floating Solar Panels Market?

Growth is driven by increasing demand for renewable energy and advancements in solar technology.

How is the current market environment affecting the China Floating Solar Panels Market?

The current market is influenced by both competitive dynamics and regional energy policies promoting solar adoption.

What is the significance of the expected growth in the China Floating Solar Panels Market for investors?

The substantial growth forecast presents significant investment opportunities in the renewable energy sector.

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