According to a new market research report published by Market Research Future “Floating Power Plant Market Analysis From 2019 to by Power Source (Renewable and Non-Renewable) Capacity (0-50 MW, 6-20 MW, 21-100 MW, 101-250 MW, above 250 MW) And Region”, the global Floating Power Plant market accounted to hit the notable market value in 2023 and expected to witness CAGR of 10.35% across the forecast period through 2019 to 2023. Report provides comprehensive information on Global Floating Power Plant Market key players, share, Sales, revenue, industry size in terms of volume.
Key Companies Covered:
Caterpillar Inc., Upsolar Global Co., Ltd, Floating Power Plant A/S, Seatwirl AB, MAN Diesel & Turbo SE, Ideol SA, Principle Power Inc., Ciel & Terre International, Vikram Solar Pvt. Ltd., Siemens AG, Yingli Green Energy Holding Company Limited, Mitsubishi Corporation, Wärtsilä Corporation, Kyocera Corporation, and General Electric Company.
Free Sample Copy of Floating Power Plant Market Research Report Global Forecast to 2023 available at: https://www.marketresearchfuture.com/sample_request/3788
Floating Power Plant Industry Insight:
A floating power plant, having a power generation capacity is made from an existing cargo ship. Generally, floating power plants are usually self-propelled and can go overseas and connect to the national grid, wherever required. Floating power plant can be a potential alternative for land-based power plants as these kinds of power plants can cater to increasing power demand, especially in remote and rural areas. The global floating power plant market is anticipated to witness a 10.3 5% CAGR during the forecast period, as per the latest MRFR analysis. Factors contributing to the essential of the floating power plant market include and increasing demand for clean energy, increasing population across the globe, and upscaling demand for power and electricity worldwide.
The report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
The non-renewable segment is expected to hold a larger share of the floating power plant market. This occurrence is due to the lack of proper infrastructure, and significant focus on conventional and non-renewable energy sources by multiple economies. Increasing demand for clean energy to drive renewable floating power plants, various advantages over land-based power plants, and increasing demand for power, coupled with lack of proper infrastructure are some of the key drivers for floating power plant market. The demand for floating power plants has witnessed growth in the offshore sites due to the availability of offshore wind in abundance. Rise in the number of installations of floating solar and wind power plants are projected in the report due to its benefits over land-based solar plants.
Floating Power Plant Market Segment Analysis:
Floating Power Plant market has been segmented based on power source, capacity, and region.
The floating power plants market has been segmented, by capacity, 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. Among these, capacity segment above 250MW is expected to dictate the floating power plants market over the forecast period. This can be accredited to increase in floating solar and wind projects.
Based on power source, the market is classified into renewable and non-renewable. The non-renewable segment is expected to dominate the floating power plant market due to lack of proper infrastructure and focus of many economies is still on conventional or non-renewable energy resources, contributing towards increasing share of non-renewable segment.
The global Floating Power Plant market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
Among these, Rest of the World segment spearheaded the floating power plant market at the beginning of the forecast period. This can be because of an increasing installation of floating power plants, especially in the Middle East.
Due to highest offshore wind potential, Europe is expected to see the highest amount of growth during the forecast period. Alternatively, Asia Pacific (APAC) is expected to showcase substantial growth during the assessment period due to rise in the renewable floating power plants in countries such as Japan and China.
Due to a rise in the use of renewable floating power plants in countries such as China and Japan, Asia Pacific is likely to take on an impressive growth trajectory during the forecast period.
List of Tables:
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 MACRO INDICATORS INFLUENCING THE GLOBAL FLOATING POWER PLANT MARKET FOR TOP FIVE COUNTRIES
TABLE 4 IMPORT ANALYSIS OF FLOATING POWER PLANTS, 2013-2017 (UNITS)
TABLE 5 EXPORT ANALYSIS OF FLOATING POWER PLANTS, 2013-2017 (UNITS)
TABLE 6 PROPORTION OF MANUFACTURING COST STRUCTURE
TABLE 7 LABOR COST ANALYSIS
List of Figures:
FIGURE 1 GLOBAL FLOATING POWER PLANT MARKET: MARKET STRUCTURE 17
FIGURE 2 RESEARCH PROCESS OF MRFR 20
FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACHES 23
FIGURE 4 DROC ANALYSIS OF GLOBAL FLOATING POWER PLANT MARKET 25
FIGURE 5 INTERNATIONAL TOURIST ARRIVALS, 2016 VS 2017 (MILLION) 26
FIGURE 6 DRIVERS IMPACT ANALYSIS: GLOBAL FLOATING POWER PLANT MARKET 27
FIGURE 7 RESTRAINTS IMPACT ANALYSIS: GLOBAL FLOATING POWER PLANT MARKET 28
FIGURE 8 SUPPLY CHAIN: GLOBAL FLOATING POWER PLANT MARKET 31
FIGURE 9 PORTERS FIVE FORCES MODEL: GLOBAL FLOATING POWER PLANT MARKET 32
FIGURE 10 MARKETING CHANNEL OF FLOATING POWER PLANT 40
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