The global floating solar panels market is projected to grow to $842 million by 2023, despite high installation costs potentially hampering demand. Countries like Japan, Singapore, and India are emerging as key markets for floating solar technologies, which have advantages such as efficient use of water bodies and enhanced solar panel cooling. Major players in the floating solar industry include Ciel & Terre, LG CNS, and Kyocera Corporation, with various innovative systems showcasing the potential for increased energy generation without occupying land.