Floating Power Plant Market is Expected to Expand at 10.35% CAGR by Forecast to 2023 | Global Industry Top 10 Competitors Survey

“Global Floating Power Plant Market is expected to grow at a CAGR of around 10.35% during the forecast period”
Floating Power Plant Market by Power Plant Type (Floating Solar Power, Floating Wind, Floating Wind and Wave power, Floating Nuclear power and Others), by Platform Type and by Region – Global Forecast to 2023

Floating Power Plant Market Insights:-

Floating power plant is a viable technology that is ready to be rolled out on an industrial scale in a scenario especially when the energy market is confronting the geopolitical issues. And, where the players in the market are continually striving for new ways to utilize their expertise in the energy industry, exploring opportunities in new energy as well as driving innovation in oil and gas around the world. Oil & Gas companies are trying to be the most carbon-efficient oil and gas producers, as well as driving innovation in offshore wind.

The floating power plant market will experience explosive growth in the next five to six years, states the leading market research firm – Market Research Future (MRFR) in its recently published study report. MRFR also foretells that the global Floating Power Plant Market will register a striking CAGR over 10 % during the anticipated period (2017 – 2023).

 

Leading Key Players:-

The key players of global floating power plant market are MAN Diesel & Turbo (Germany), Karadeniz Holding A.Ş.( Turkey), Vikram Solar Pvt. Ltd. (India), Ciel & Terre International (France), Waller Marine, Inc.(U.S.), Power Barge Corporation (U.S.), Floating Power Plant A/S (Denmark), Principle Power, Inc.(U.S.), Wartsilä (Finland), Kyocera TCL Solar  (Japan )and ROSATOM State Atomic Energy Corporation (Russia).

 

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Global Floating Power Plant Market   – Segmentation

The MRFR analysis is segmented into three key dynamics;

By Types                        : Comprises – Floating Solar Power, Floating Wind, Wave power, Floating Nuclear power and others (Coal, Diesel, Heavy Fuel Oils, and Natural Gas).

By Platform Types       : Floating Structures, Power Barges, and Power Ships.

By Regions                    : North America, Europe, APAC, and the Rest-of-the World.

 

Global Floating Power Plant Market   – Geographical Analysis

Globally, the Rest-of-the-World (RoW) is projected to dominate the market during the forecast period. Factors substantiating the market growth in the region include the augmenting demand for power due to the increasing population and industrialization along with the presence of the developing economies with major scarcity for land and increased commitment towards deploying renewable energy resources.

Furthermore, a remarkable growth is expected in the regions such as the Middle East and Africa, and North America owing to their rapidly increasing power generation capacity. Simultaneously, the technological advancements and favorable geographical locations & the coastal lines in these regions, are fostering the growth of the floating power plants market in these regions.

 

Major Points From TOC:-

1 Executive Summary

2 Introduction

3 Research Methodology

4  Market Dynamics

4.1 Drivers 19

4.1.1 Advantageous Over Conventional Land-Based Power Plants 19

4.1.2 Lack Of Power Infrastructure In Remote Locations 19

4.1.3 Growing Demand For Clean Energy 19

4.2 Growth Drivers: Impact Analysis 20

4.3 Restraints 20

4.3.1 High Capital Cost Of Offshore Power Infrastructure 20

4.3.2 Access To Offshore Installations 20

4.4 Growth Barriers: Impact Analysis 21

4.5 Opportunity 22

4.5.1 R&D In Floating Power Plants 22

 

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5   Market Factor Analysis

5.1 Porter’s 5 Forces Analysis 23

5.1.1 Threat Of New Entrants 24

5.1.2 Bargaining Power Of Suppliers 24

5.1.3 Threat Of Substitutes 24

5.1.4 Bargaining Power Of Buyers 24

5.1.5 Segment Rivalry 24

5.2 Value Chain Analysis 25

Continued……….

 

 

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