GLOBAL FLOATING POWER PLANT MARKET FORECAST 2019-2027

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GLOBAL FLOATING POWER PLANT MARKET FORECAST 2019-2027

The global floating power plant market was valued at $906 million in 2018 & is estimated to generate net revenue of approximately $2047 million by 2027, growing at a CAGR of 9.05% The base year considered for the study is 2018, and the forecast period is 2019-2027.  Some of the key benefits of floating power plants over land-based power plants include mobility, flexibility, decentralized power generation, shorter construction time, reliable technology and robust design.

GLOBAL FLOATING POWER PLANT MARKET FORECAST 2019-2027

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The global floating power plant market was valued at $906 million in 2018 & is estimated to generate net revenue of approximately $2047 million by 2027, growing at a CAGR of 9.05% The base year considered for the study is 2018, and the forecast period is 2019-2027. The global floating power plant market is primarily driven by the following factors:

  • Floating power plants have upper hand over land-based power plants
  • Scarcity of land results in the installation of new capacity over water bodies
  • Continuous rising demand for power
  • Rising demand for clean energy

One of the most important drivers that is increasing the growth of the global floating power plant market has been the benefits of land-based power plants. Some of the key benefits of floating power plants over land-based power plants include mobility, flexibility, decentralized power generation, shorter construction time, reliable technology and robust design. Other benefits of floating power plants over land-based power plants are optimal matching at different power loads, the flexibility of fuel choice, water conservation, comprehensive operational and maintenance services and complete compliance with the strict environmental standards adopted globally. Mobility acts as a key benefit of the floating power plants since the solar panels that are fitted with polycarbonate base can be moved from one water body to another across different regions globally, and larger water bodies can be installed with a greater number of floating solar panels.

Above 250 MW capacity market comprise the market of the gas turbines, IC engines, and others which are used to generate the energy of above 250 MW from the different sources such as thermal, natural gas, nuclear, solar (nonrenewable and renewable source). The power plant with above 250 MW capacity provides a fast solution to medium-term power shortage. These requires a large setup area as that of the other low range capacity and provides more energy. The non-renewable energy sources, such as nuclear power floating power plant, provide many significant benefits, for instance, secured power supply during natural disasters like earthquakes and floods, and ease of trading or relocating.

Huge capital investment associated with transportation, logistics, & accessibility issues majorly hinders the growth of the floating power plant market.

The global floating power plant market segments include source and capacity.

Source is sub-segmented into:

  • Renewable power
  • Non-renewable power

Capacity is sub-segmented into:

  • 0 MW-5 MW
  • 5.1 MW-20 MW
  • 20.1 MW-100 MW
  • 100.1 MW-250 MW
  • Above 250 MW

Geographically, the global floating power plant market has been segmented on the basis of four major regions, which includes:

  • North America  – The U.S. & Canada
  • Asia Pacific – China, India, Japan, Australia, South Korea and RoAPAC
  • Europe – The UK, France, Germany, Spain, Italy, Russia and RoE
  • Rest of World – Latin America, and Middle East & Africa

The Asia Pacific is anticipated to account the largest market share during the forecast period, due to high investment in the renewable energy coupled with increasing installation of floating power plants. As per the United Nations Environment Program (UNEP), countries such as India and China together have invested nearly $90 billion for renewable and sustainable energy systems in 2016. Australia and Japan are also investing in the sustainable energy technologies. Furthermore, increasing deployment of floating power plants in the countries of Asia Pacific region also acts as the driver for the growth of the floating power plant market in the Asia Pacific.

The major market players of the global floating power plant market are:

  • Siemens AG
  • Man Diesel & Turbo SE
  • Wärtsilä Corporation
  • Floating Power Plant A/S
  • General Electric
  • Others

Company profiles covers the analysis of important players. These companies are using organic and inorganic strategies for growth. For instance, in January 2017, Ideol SA signed a joint agreement with Atlantis to initiate the development of a floating offshore wind project of up to 1.5 GW, with a pre-commercial phase of up to 100MW commissioned by 2021. This joint venture helps the company to promote and expand its floating solutions, especially in the United Kingdom.

Key findings of the global floating power plant market

  • Non-renewable power to dominate the source segment
  • Above 250 MW to lead the capacity segment
  • Increasing research and development in floating power plants to boost opportunities
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
  1. 2 TOP-DOWN APPROACH 9
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  2. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • NON-RENEWABLE POWER TO DOMINATE THE SOURCE SEGMENT
      • ABOVE 250 MW TO LEAD THE CAPACITY SEGMENT
      • INCREASING RESEARCH AND DEVELOPMENT IN FLOATING POWER PLANTS TO BOOST OPPORTUNITIES
  1. MARKET DYNAMICS
    • MARKET DEFINITION & SCOPE
    • MARKET DRIVERS
      • FLOATING POWER PLANTS HAVE UPPER HAND OVER LAND BASED POWER PLANTS
      • SCARCITY OF LAND RESULTS IN INSTALLATION OF NEW CAPACITY OVER WATER BODIES
      • CONTINUOUSLY RISING DEMAND FOR POWER
      • RISING DEMAND FOR CLEAN ENERGY
    • MARKET RESTRAINTS
      • HUGE CAPITAL INVESTMENT
    • MARKET OPPORTUNITIES
      • SOLAR POWER BOOMING IN THE ENERGY SECTOR
      • INCREASING POPULARITY OF FLOATING WIND FARMS
    • MARKET CHALLENGES
      • OBSTACLES IN INSTALLATION PROCEDURE
  1. MARKET BY SOURCE
    • RENEWABLE POWER SOURCE
    • NON-RENEWABLE POWER SOURCE
  2. MARKET BY CAPACITY
    • 0MW-5MW CAPACITY
    • 1MW-20MW CAPACITY
    • 1MW-100MW CAPACITY
    • 1MW-250MW CAPACITY
    • ABOVE 250MW CAPACITY
  3. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • KEY BUYING CRITERIA
    • VALUE CHAIN ANALYSIS
    • VENDOR LANDSCAPE
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UK
      • FRANCE
      • GERMANY
      • ITALY
      • SPAIN
      • RUSSIA
      • REST OF EUROPE (ROE)
    • ASIA PACIFIC
      • INDIA
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC (RoAPAC)
    • REST OF WORLD (RoW)
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA (MEA)
  1. COMPETITIVE LANDSCAPE
    • COMPANY PROFILE
      • SEATWIRL AB
      • FLOATING POWER PLANT
      • UPSOLAR GLOBAL CO. LTD.
      • CATERPILLAR INC.
      • KYOCERA CORPORATION
      • MITSUBISHI CORPORATION
      • VIKRAM SOLAR PVT. LTD.
      • YINGLI GREEN ENERGY HOLDING COMPANY LIMITED
      • CIEL & TERRE INTERNATIONAL
      • SIEMENS AG
      • MAN DIESEL & TURBO SE
      • IDEOL SA
      • PRINCIPLE POWER, INC.
      • GENERAL ELECTRIC
      • WÄRTSILÄ CORPORATION

TABLE LIST

TABLE 1 GLOBAL FLOATING POWER PLANT MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2 GLOBAL FLOATING POWER PLANT MARKET, BY SOURCE, 2019-2027 (IN $ MILLION)

TABLE 3 GLOBAL RENEWABLE POWER SOURCE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 4 GLOBAL NON-RENEWABLE POWER SOURCE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 5 GLOBAL FLOATING POWER PLANT MARKET, BY CAPACITY, 2019-2027 (IN $ MILLION)

TABLE 6 GLOBAL 0MW-5MW CAPACITY FLOATING POWER PLANTS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 7 GLOBAL 5.1MW-20MW CAPACITY FLOATING POWER PLANTS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 8 GLOBAL 20.1MW-100MW CAPACITY FLOATING POWER PLANTS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 9 GLOBAL 100.1MW-250MW CAPACITY FLOATING POWER PLANTS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 10 GLOBAL ABOVE 250MW CAPACITY FLOATING POWER PLANTS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 11 OPPORTUNITY MATRIX

TABLE 12 VENDOR LANDSCAPE

TABLE 13 GLOBAL FLOATING POWER PLANT MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 14 NORTH AMERICA FLOATING POWER PLANT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 15 EUROPE FLOATING POWER PLANT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 16 ASIA PACIFIC FLOATING POWER PLANT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 17 RoW FLOATING POWER PLANT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

FIGURE LIST

FIGURE 1 GLOBAL FLOATING POWER PLANT MARKET SHARE, BY SOURCE, 2018 & 2027 (%)

FIGURE 2 GLOBAL NON-RENEWABLE POWER SOURCE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 3 GLOBAL ABOVE 250 MW CAPACITY MARKET FOR FLOATING POWER PLANT, 2019-2027 (IN $ MILLION)

FIGURE 4 REDUCTION IN COST OF ENERGY FROM OFFSHORE WIND PROJECTS (US$/MWH)

FIGURE 5 GLOBAL FLOATING POWER PLANT MARKET, BY RENEWABLE POWER SOURCE, 2019-2027 (IN $ MILLION)

FIGURE 6 GLOBAL FLOATING POWER PLANT MARKET, BY NON-RENEWABLE POWER SOURCE, 2019-2027 (IN $ MILLION)

FIGURE 7 GLOBAL FLOATING POWER PLANT MARKET, BY 0MW-5MW CAPACITY, 2019-2027 (IN $ MILLION)

FIGURE 8 GLOBAL FLOATING POWER PLANT MARKET, BY 5.1MW-20MW CAPACITY, 2019-2027 (IN $ MILLION)

FIGURE 9 GLOBAL FLOATING POWER PLANT MARKET, BY 20.1MW-100MW CAPACITY, 2019-2027 (IN $ MILLION)

FIGURE 10 GLOBAL FLOATING POWER PLANT MARKET, BY 100.1MW-250MW CAPACITY, 2019-2027 (IN $ MILLION)

FIGURE 11 GLOBAL FLOATING POWER PLANT MARKET, BY ABOVE 250MW CAPACITY, 2019-2027 (IN $ MILLION)

FIGURE 12 PORTER’S FIVE FORCE MODEL

FIGURE 13 GLOBAL FLOATING POWER PLANT MARKET, REGIONAL OUTLOOK, 2018 & 2027, (%)

FIGURE 14 UNITED STATES FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 15 CANADA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 16 UK FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 17 FRANCE FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 18 GERMANY FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 19 ITALY FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 20 SPAIN FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 21 RUSSIA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22 ROE FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23 INDIA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24 CHINA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25 JAPAN FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26 SOUTH KOREA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27 AUSTRALIA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28 REST OF APAC FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29 LATIN AMERICA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30 MEA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY SOURCE
    • RENEWABLE POWER SOURCE
    • NON-RENEWABLE POWER SOURCE
  2. MARKET BY CAPACITY
    • 0MW-5MW CAPACITY FLOATING POWER PLANTS
    • 1MW-20MW CAPACITY FLOATING POWER PLANTS
    • 1MW-100MW CAPACITY FLOATING POWER PLANTS
    • 1MW-250MW CAPACITY FLOATING POWER PLANTS
    • ABOVE 250MW CAPACITY FLOATING POWER PLANTS
  3. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UK
      • FRANCE
      • GERMANY
      • ITALY
      • SPAIN
      • RUSSIA
      • REST OF EUROPE (ROE)
    • ASIA PACIFIC
      • INDIA
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC (RoAPAC)
    • REST OF WORLD (RoW)
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA (MEA)

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