Floating Power Plant Market Analysis From 2019 To 2023 is latest market research study on Global Floating Power Plant Market published by Market Research Future. According to report Global Floating Power Plant Market valuation at a 10.35% CAGR by 2023. Market for Floating Power Plant Industry is segmented by capacity, region, and power source. Europe Is Expected to Witness Largest Growth in The Floating Power Plant Market.
Global market for floating power plant is largely dominated by renowned players like Upsolar Global Co., Ltd, Floating Power Plant A/S, Ideol SA, Seatwirl AB, Principle Power Inc., MAN Diesel & Turbo SE, Ciel & Terre International, Vikram Solar Pvt. Ltd., Caterpillar Inc., Yingli Green Energy Holding Company Limited, Kyocera Corporation, Mitsubishi Corporation, Siemens AG, General Electric Company, and Wärtsilä Corporation.
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Floating Power Plant Market Overview:
A floating power plant is built of an existing cargo ship. Usually, floating power plants are self-propelled and can travel abroad and can associate with the national grid, wherever needed. Floating power plant can be a potential replacement for land-based power plants since these kinds of power plants can meet the need for surging power demand, specifically in rural and remote areas. Floating power plants also contain certain benefits which will help to propel the market of floating power plants. Some of these benefits consist of relocating to the areas where power is required, fast supply of power to areas with limited infrastructure, needs reduced space relatively to land-based power plants, and extends secure power supply to offer protection against floods and earthquakes. According to the report published by Market Research Future (MRFR), the global floating power plant market is likely to develop at 10.35% CAGR over the review period. Surging demand for clean energy to fuel renewable floating power plants, surging demand for power, lack of proper infrastructure coupled with different benefits over land-based power plants, are some of the major drivers for floating power plant market.
Market Segmentation:
The latest study conducted by Market Research Future states that the floating power plant market is segmented based on capacity, region, and power source. Based on capacity, the market is segmented into 1-MW to 5-MW, 6-MW to 20-MW, 21-MW to 100-MW, 101-MW to 250-MW, and above 250-MW. Under capacity, the 250MW segment is likely to lead the market over the review period. The 21 MW to 100MW segment is anticipated to witness fastest growth rate owing to a surge in the floating wind and solar projects. Based on power source, the market is segmented into non-renewable and renewable floating power plant. The renewable power source segment is sub-segmented into wind and solar floating power plant. The non-renewable power source is sub-segmented into IC engines and gas turbines. The non-renewable segment is estimated to represent a major share of the floating power plant market. This instance is owing to the substantial focus on non-renewable and conventional energy sources by several economies. On the other hand, the renewable segment is estimated to observe fastest growth over the forecast period on account of the demand for higher energy efficiency, a growth in the demand for utilization of clean energy resources and increasing climate change awareness. The need for floating power plants has experienced growth in the offshore sites owing to the plenty of availability of offshore wind. Growth in the number of installations of floating wind and solar power plants are reflected in the report owing to its benefits over land-based solar plants.
Regional Analysis:
Based on region, the floating power plant market is segmented into Asia Pacific (APAC), Europe, North America, and Rest of the World (RoW). Rest of the World represented the largest market share in 2017 owing to surging adoption of floating power plants, specifically in the Middle East. On account of highest offshore wind potential, Europe is estimated to witness the largest amount of growth over the review period. Asia Pacific (APAC) is predicted to showcase significant growth over the assessment period owing to growth in the renewable floating power plants in economies such as China and Japan.
List Of Tables:
1 Executive Summary 11
2 Introduction 12
2.1 Definition 12
2.2 Scope Of The Study 12
2.3 Assumptions 12
2.4 Key Buying Criteria 13
2.5 Market Structure 13
3 Research Methodology 14
3.1 Research Process 14
3.2 Primary Research 14
3.3 Secondary Research 15
3.4 Market Size Estimation 15
3.5 Forecast Model 17
4 Market Factor Analysis 18
4.1 Porter’s Five Forces Analysis 18
4.1.1 Threat Of New Entrants 18
4.1.2 Bargaining Power Of Suppliers 19
4.1.3 Bargaining Power Of Buyers 19
4.1.4 Threat Of Substitutes 19
4.1.5 Rivalry 19
4.2 Supply Chain Analysis 20
5 Patent Trends 22
5.1 Patent Trends 22
6 Market Dynamics 27
Continued…
List of Tables:
TABLE 1 GLOBAL FLOATING POWER PLANT MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA FLOATING POWER PLANT MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE FLOATING POWER PLANT MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC FLOATING POWER PLANT MARKET: BY COUNTRY, 2017-2023
TABLE 5 ROW FLOATING POWER PLANT MARKET: BY COUNTRY, 2017-2023
TABLE 6 GLOBAL FLOATING POWER PLANT MARKET, BY TYPE, BY REGIONS, 2017-2023
TABLE 7 NORTH AMERICA FLOATING POWER PLANT MARKET, BY TYPE, BY COUNTRY, 2017-2023
TABLE 8 EUROPE FLOATING POWER PLANT MARKET, BY RESIN TYPE, BY COUNTRY, 2017-2023
TABLE 9 ASIA PACIFIC FLOATING POWER PLANT MARKET BY TYPE, BY COUNTRY, 2017-2023
TABLE 10 ROW FLOATING POWER PLANT MARKET BY TYPE, BY COUNTRY, 2017-2023
Continued…
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