To forecast market size of segments with respect to major regions, namely, North America, Europe, Asia-Pacific, and the rest of the world (South & Central America and the Middle East & Africa)
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The global floating power plant market is projected to grow at a CAGR of 10.11%, from 2017 to 2022
The floating power plant market is expected to grow from an estimated USD 889.6 million in 2017 to USD 1,440.1 million by 2022, at a CAGR of 10.11%, from 2017 to 2022.
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The factors driving the market include increasing demand for power, coupled with the lack of power infrastructure, benefits over land based power plants (majorly as it eliminates the land acquisition related problems), and energy efficiency mandates and demand for clean energy (renewable energy source). High capital cost associated with transportation, logistics, and accessibility issues is a key restraint for the growth of the floating power plant market.
Renewable: The fastest growing segment of the floating power plant market, by power source
The renewable power source segment is estimated to be the fastest growing segment, due to the increasing demand for energy efficiency mandates and demand for clean energy (renewable energy source), combined with the problems related to land acquisition in relation with the construction of power plants.
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Further, the floating offshore wind minimizes the problems faced by the offshore wind industry, at water depths greater than 60 meters, and is expected to drive the renewable power source segment during the forecast period.
“20.1 MW–100 MW: The fastest growing segment of the floating power plant market, by capacity”
The 20.1 MW to 100 MW capacity segment is estimated to be the fastest growing segment, owing to the increase in projects for floating solar and wind. This segment is expected to account for most of the shares of the renewable power sources by 2022 and the rise in demand for clean energy would drive this segment.
Report on floating power plant Market 2017-2022 spreads across 171 pages profiling 15 companies and supported with 75 tables and 44 figures available at www.rnrmarketresearch.com/contacts…=1158500
*Top 15 Companies Analyzed for This Studies are - The leading players in this industry have been profiled, along with their recent developments and other strategic activities. These include MAN Diesel & Turbo SE (Germany), Mitsubishi Corporation (Japan), Wartsila (Finland), General Electric Company (U.S.), Siemens AG (Germany), Caterpillar, Inc.
(U.S.), Ciel & Terre International (France), Floating Power Plant A/S (Denmark), Ideol (France), Kyocera Corporation (Japan), Principle Power, Inc.(U.S.), Upsolar (Hong Kong), Vikram Solar Pvt., Ltd. (India), Yingli Solar (China), and SeaTwirl AB, (Sweden) among others.
The stakeholders included in this report are as follows:
- Consulting companies of the energy and power sector
- Electrical infrastructure providers
- Electric utilities
- Environmental and regional solar power associations
- Gas turbine and IC engine manufacturers
- Government and research organizations
- Investment banks
- Investors and financial community professionals
- Public and private operators of power barges and power ships
- Solar floating solution manufacturers
- Solar panel manufactures
- Wind farm owners, operators, and developers
- Wind sub-structure manufacturers
- Wind turbine manufacturers
Key point from table of content
6 Floating Power Plant Market, By Power Source
6.2 Renewable Power Source
6.2.1 Renewable, By Energy Source
7 Floating Power Plant Market, By Capacity
7.2 0 MW–5 MW
7.3 5.1 MW–20 MW
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