NORTH AMERICA FLOATING POWER PLANT MARKET FORECAST 2019-2027

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NORTH AMERICA FLOATING POWER PLANT MARKET FORECAST 2019-2027

The North America floating power plant market is mainly driven by establishments of floating offshore nuclear plants and the development of floating solar farms in the city of California in the United States. Over the forecast period of 2019-2027, the market is anticipated to showcase a CAGR of 9.81%.

NORTH AMERICA FLOATING POWER PLANT MARKET FORECAST 2019-2027

North America Floating Power Plant Market by Source (Renewable Power Source, Non-Renewable Power Source) by Capacity (0MW-5MW Capacity Floating Power Plant, 1MW-20MW Capacity Floating Power Plant, 1MW-100MW Capacity Floating Power Plant, 1MW-250MW Capacity Floating Power Plant, Above 250MW Capacity Floating Power Plant ) & by Geography

The North America floating power plant market is mainly driven by establishments of floating offshore nuclear plants and the development of floating solar farms in the city of California in the United States. Over the forecast period of 2019-2027, the market is anticipated to showcase a CAGR of 9.81%.

According to Foro Nuclear, the Massachusetts Institute of Technology is presently developing a small floating offshore nuclear plant that would be located at a minimum distance of around 12 kilometers from the coastline. This floating offshore nuclear plant consists of two established & proven technologies which include the offshore oil platform and the nuclear reactor. As per the Massachusetts research team, they are expecting that this future floating site has enough capability to generate a positive change in the economy by the use of nuclear power generated electricity in the country. Therefore, all these efforts are sure to bear fruits for the US floating power plant market in the future.

Another significant market in this region belongs to Canada. In 2015, Marine current turbines Ltd, which is a subsidiary of Siemens Company, and the Bluewater energy services announced to jointly develop a first of its kind 2-megawatt floating tidal current turbine in the Bay of Fundy, Canada. The turbines would have the capacity to produce reliable and clean energy & provide electricity to around 1800 Nova Scotia households. As a result, the Canadian floating power plant market is also expected to witness a considerable rise over the forecast period.

Some of the prominent companies engaged in the floating power plant market include General Electric, Man Diesel & Turbo SE, Principle Power, Inc., Vikram Solar Pt. Ltd., Ciel & Terre International, Caterpillar Inc., Mitsubishi Corporation, Floating Power Plant, Ideol SA, Kyocera Corporation, Upsolar Global Co. Ltd., SeaTwirl AB, Wärtsilä Corporation, Yingli Green Energy Holding Company Limited, and Siemens AG.

 

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  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
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  2. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • NON-RENEWABLE POWER TO DOMINATE THE SOURCE SEGMENT
      • ABOVE 250MW 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
  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
  1. COMPETITIVE LANDSCAPE
    • COMPANY PROFILE
      • SEATWIRL AB
      • FLOATING POWER PLANT
      • UPSOLAR NORTH AMERICA 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
      • WARTSILA CORPORATION

 LIST OF TABLES  

TABLE 1 NORTH AMERICA FLOATING POWER PLANT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

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

TABLE 3 NORTH AMERICA FLOATING POWER PLANT MARKET, BY CAPACITY, 2019-2027 (IN $ MILLION)

TABLE 4 OPPORTUNITY MATRIX

TABLE 5 VENDOR LANDSCAPE

TABLE 6 NORTH AMERICA FLOATING POWER PLANT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

 

LIST OF FIGURES 

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

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

FIGURE 3 NORTH AMERICA 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 NORTH AMERICA FLOATING POWER PLANT MARKET, BY RENEWABLE POWER SOURCE, 2019-2027 (IN $ MILLION)

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

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

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

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

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

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

FIGURE 12 PORTER’S FIVE FORCE MODEL

FIGURE 13 NORTH AMERICA 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)

  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
  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

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