Market Forecast and Introduction:
Market Research Future published a half cooked research report on Global Floating Power Plant Market which contains information from 2017 to 2023. The Floating Power Plant Market is expected to grow over the CAGR of around 5.65% during the period 2017 to 2023.
A floating power plant is a revolutionary step in enabling power to remote areas by overcoming the perennial problem of land availability. The growth of floating power plant market is due to various factors such as the rising demand for power because of growing population, no need for acquisition of large land areas, increased government initiatives, and technological advancements and increasing investment by major players into the installation and development of floating solar panels. The usage of floating power plants is found to improve the efficiencies of renewable energy systems such of solar and wind. Moreover the rising demand for power and clean energy, will boost the growth of remote areas, thereby directly propelling the demand for floating power plants. However, the high cost of installation & maintenance and the lack of global service providers in the floating power plant market is expected to hinder the growth of the market.
Major Key Companies and Competitive Analysis:
MRFR recognizes the key players of Global floating power plant market as Sungrow Power Supply Co., Ltd (China), Wärtsilä (Finland), KYOCERA TCL Solar (Japan), Floating Power Plant A/S (Denmark), MAN Diesel & Turbo SE (Germany), Principle Power, INC. (U.S.), Karadeniz Energy Group’s (Turkey), Power Barge Corporation (US), Novaton Erneuerbare Energien AG (Switzerland), Rosatom State Atomic Energy Corporation (Russia) and Ciel & Terre International (France).
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Floating Solar Power Plant Estimated to Grow at the Fastest Rate:
Based on the power plant type, the floating solar power plant market is expected to grow the fastest during the forecast period. The rapid development in solar panel technology coupled with government incentives for renewable energy power is expected to drive this segment. A major advantage of the floating solar power system is the reduction in evaporation, which helps preserve water levels during extreme summer. When panels are installed on a floating platform, the heating problem of solar panel on land is solved to a great extent and results in 16% improved efficiency. This solar power plant floating technology is long-lasting, cost effective, and flexible and requires less time for installation. Several new technologies are coming up in other energy types such as the combination of wind and wave energy floating power plant systems. The power generation capacity is increased tremendously with both wind and wave operating at the same time and these systems can be transported to any location worldwide.
Key Points Covered in Table of Contents of Report:
1. Executive Summary
2. Research Methodology
3. Market Dynamics
4. Global Floating Power Plant Market, By Power Plant Type
5. Global Floating Power Plant Market, By Platform Type
6. Regional Market Analysis
7. Company Profiles and Competitive Analysis
7.2 Sungrow Power Supply Co., Ltd (China)
7.3 Wärtsilä (Finland)
7.4 KYOCERA TCL Solar (Japan)
7.5 Floating Power Plant A/S (Denmark)
7.6 MAN Diesel & Turbo SE (Germany)
7.7 Principle Power, INC. (U.S.)
7.8 Karadeniz Energy Group’s (Turkey)
7.9 Power Barge Corporation (US)
7.10 Novaton Erneuerbare Energien AG (Switzerland)
7.11 Rosatom State Atomic Energy Corporation (Russia)
7.12 Ciel & Terre International (France)
Scope of the Report:
This study provides an overview of the global floating power plant market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.
The scope of the study segments the global floating power plant market by platform type, power plant type, and by regions.
By Platform Type:
- Advanced FRP platform
- Steel and Aluminum platform
- Semi-submersible platform
- Power barges
- Power ships
By Power Plant Type:
- Floating Solar Power
- Floating Wind Power
- Floating Wind and wave power
- Floating Nuclear Power
- Others (Coal, Diesel, Oil and Natural Gas)
- North America
- Asia Pacific
- Rest of the World
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