PUBLISHER: Grand View Research | PRODUCT CODE: 1869991
PUBLISHER: Grand View Research | PRODUCT CODE: 1869991
Middle East Floating Solar Panels Market Size, Share & Trends Analysis Report By Product (Stationary Floating Solar Panels, Tracking Floating Solar Panels), By Country, And Segment Forecasts, 2025 - 2033
Middle East Floating Solar Panels Market Summary
The Middle East floating solar panels market size was estimated at USD 0.72 billion in 2024 and is projected to reach USD 1.95 billion by 2033, growing at a CAGR of 11.0% from 2025 to 2033. Deployment spans utility-scale reservoirs, desalination plants, irrigation canals, and industrial water bodies, enabling grid-connected and off-grid applications.
National initiatives, including Saudi Vision 2030, the UAE Energy Strategy 2050, and policies in Israel, Qatar, and Oman, drive investment in floating solar to diversify the energy mix, reduce carbon intensity, and optimize land use. Countries including Saudi Arabia, the UAE, Israel, Qatar, and Oman are increasingly exploring floating PV, particularly in water-scarce areas where land for conventional PV is limited. The region's abundant solar irradiation supports market growth, the rising need to optimize water reservoirs for dual use, and the cost competitiveness of solar technologies. Floating solar panels reduce evaporation losses, improve panel efficiency due to water cooling effects, and open new avenues for integrating solar into existing hydropower and desalination infrastructure.
Hybrid projects combining floating PV with battery energy storage systems (BESS) are gaining momentum to deliver a reliable, round-the-clock energy supply. Opportunities are also emerging in green hydrogen production, where floating solar can supply clean, large-scale input power and cross-border grid connectivity projects that enhance regional energy trade. With global and regional leaders such as Masdar, ACWA Power, EDF Renewables, JinkoSolar, and First Solar piloting and scaling floating solar initiatives, the Middle East floating solar market is positioned to play a pivotal role in advancing renewable capacity, water-energy nexus solutions, and climate resilience strategies over the next decade.
Middle East Floating Solar Panels Market Report Segmentation
This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the Middle East Floating Solar Panels market report based on product and country:
- Product Outlook (Volume, MW; Revenue, USD Million, 2021 - 2033)
- Tracking Floating Solar Panels
- Stationary Floating Solar Panels
- Country Outlook (Volume, MW; Revenue, USD Million, 2021 - 2033)
- Middle East
- UAE
- Saudi Arabia
- Israel
- Oman
- Qatar
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.4.1. Standards & Compliance
- 3.4.2. Regulatory Impact Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunities
- 3.5.4. Market Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technological
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Middle East Floating Solar Panels Market: Product Estimates & Trend Analysis
- 4.1. Middle East Floating Solar Panels Market: Product Movement Analysis, 2024 & 2033
- 4.2. Tracking Floating Solar Panels
- 4.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million, MW)
- 4.3. Stationary Floating Solar Panels
- 4.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million, MW)
Chapter 5. Middle East Floating Solar Panels Market: Country Estimates & Trend Analysis
- 5.1. Country Analysis, 2024 & 2033
- 5.2. Middle East
- 5.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million, MW)
- 5.2.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million, MW)
- 5.2.3. UAE
- 5.2.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million, MW)
- 5.2.3.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million, MW)
- 5.2.4. Saudi Arabia
- 5.2.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million, MW)
- 5.2.4.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million, MW)
- 5.2.5. Israel
- 5.2.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million, MW)
- 5.2.5.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million, MW)
- 5.2.6. Oman
- 5.2.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million, MW)
- 5.2.6.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million, MW)
- 5.2.7. Qatar
- 5.2.7.1. Market estimates and forecasts, 2021 - 2033 (USD Million, MW)
- 5.2.7.2. Market estimates and forecasts, by product, 2021 - 2033 (USD Million, MW)
Chapter 6. Competitive Landscape
- 6.1. Recent Developments By Key Market Participants
- 6.2. Company Categorization
- 6.3. List of Key Component Suppliers & Channel Partners
- 6.4. Company Market Share & Positioning Analysis, 2024
- 6.5. Heat Map Analysis
- 6.6. Vendor Landscape
- 6.6.1. List of Raw Product Suppliers
- 6.6.2. List of Distributors/Traders
- 6.6.3. List of Other Prominent Manufacturers
- 6.7. List of Prospective End Users
- 6.8. Strategy Mapping
- 6.9. Company Profiles/Listing
- 6.9.1. Masdar
- 6.9.1.1. Company Overview
- 6.9.1.2. Financial Performance
- 6.9.1.3. Product Benchmarking
- 6.9.2. ACWA Power
- 6.9.2.1. Company Overview
- 6.9.2.2. Financial Performance
- 6.9.2.3. Product Benchmarking
- 6.9.3. GCL System Integration Technology Co., Ltd.
- 6.9.3.1. Company Overview
- 6.9.3.2. Financial Performance
- 6.9.3.3. Product Benchmarking
- 6.9.4. Ciel & Terre International
- 6.9.4.1. Company Overview
- 6.9.4.2. Financial Performance
- 6.9.5. Trina Solar
- 6.9.5.1. Company Overview
- 6.9.5.2. Financial Performance
- 6.9.5.3. Product Benchmarking
- 6.9.6. JA Solar Technology Co., Ltd.
- 6.9.6.1. Company Overview
- 6.9.6.2. Financial Performance
- 6.9.6.3. Product Benchmarking
- 6.9.7. LONGi Solar
- 6.9.7.1. Company Overview
- 6.9.7.2. Financial Performance
- 6.9.7.3. Product Benchmarking
- 6.9.8. Hanwha Q CELLS
- 6.9.8.1. Company Overview
- 6.9.8.2. Financial Performance
- 6.9.8.3. Product Benchmarking
- 6.9.9. Mibet Energy
- 6.9.9.1. Company Overview
- 6.9.9.2. Financial Performance
- 6.9.9.3. Product Benchmarking
- 6.9.10. SPG Solar
- 6.9.10.1. Company Overview
- 6.9.10.2. Financial Performance
- 6.9.10.3. Product Benchmarking
- 6.9.1. Masdar
List of Tables
- Table 1 Middle East Floating Solar Panels market estimates & forecasts, 2021 - 2033 (USD Million, MW)
- Table 2 Tracking Floating Solar Panels market estimates & forecasts, 2021 - 2033 (USD Million, MW)
- Table 3 Stationary Floating Solar Panels market estimates & forecasts, 2021 - 2033 (USD Million, MW)
- Table 4 UAE Floating Solar Panels market estimates & forecast, 2021 - 2033 (USD Million, MW)
- Table 5 UAE Floating Solar Panels market estimates & forecasts by product, 2021 - 2033 (USD Million, MW)
- Table 6 Saudi Arabia Floating Solar Panels market estimates & forecasts, 2021 - 2033 (USD Million, MW)
- Table 7 Saudi Arabia Floating Solar Panels market estimates & forecasts by product, 2021 - 2033 (USD Million, MW)
- Table 8 Israel Floating Solar Panels market estimates & forecast, 2021 - 2033 (USD Million, MW)
- Table 9 Israel Floating Solar Panels market estimates & forecasts by product, 2021 - 2033 (USD Million, MW)
- Table 10 Oman Floating Solar Panels market estimates & forecasts, 2021 - 2033 (USD Million, MW)
- Table 11 Oman Floating Solar Panels market estimates & forecasts by product, 2021 - 2033 (USD Million, MW)
- Table 12 Qatar Floating Solar Panels market estimates & forecast, 2021 - 2033 (USD Million, MW)
- Table 13 Qatar Floating Solar Panels market estimates & forecasts by product, 2021 - 2033 (USD Million, MW)
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 Market snapshot
- Fig. 7 Segmental outlook - Product
- Fig. 8 Competitive Outlook
- Fig. 9 Middle East Floating Solar Panels market outlook, 2021 - 2033 (USD Million, MW)
- Fig. 10 Value chain analysis
- Fig. 11 Market dynamics
- Fig. 12 Porter's Analysis
- Fig. 13 PESTEL Analysis
- Fig. 14 Middle East Floating Solar Panels market, by product: Key takeaways
- Fig. 15 Middle East Floating Solar Panels market, by product: Market share, 2024 & 2033
