Asia-Pacific Is Leading the Global Floating Solar Panel Boom ...Middle East

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Asia-Pacific Is Leading the Global Floating Solar Panel Boom
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The global floating solar panels market is projected to grow significantly over the next seven years, driven by increasing land scarcity, government mandates for renewable energy, and the technology's inherent efficiency benefits, according to a report from market research firm DataM Intelligence. The market, valued at $55.11 million in 2024, is forecast to increase to $84.90 million by 2032, expanding at a compound annual growth rate (CAGR) of 5.55% from 2025 to 2032. This growth signals a shift in the solar industry, where floating photovoltaic…

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