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Floating Power Plant Market by Power Source, Non-Renewable, Capacity, and Region - Global Forecast to 2022

Floating Power Plant Market: Global Forecast until 2022

  • August 2017
  • 169 pages
  • ID: 5059897
In this report:
In 2017, the above ## MW capacity segment is expected to hold ##.##% market share of the total floating power plant market, whereas, the ##.## MW to ## MW capacity segment, is expected to hold a share of ##.##%.
According to the Ministry of Ecology, Sustainable Development and Energy and the Ministry of Economy, Industry, and the Digital Sector, the renewable energy production in France increased by more than ##% in 2015, which included ## MW of new wind capacity and ## MW of new solar capacity.

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"The overall floating power plant market is estimated to rise at a compound annual growth rate of ~10.1 percent, between 2017 and 2022"

The floating power plant market is forecasted to grow from an estimated $889.60M in 2017 to $1440.10M by 2022, at a compound annual growth rate of ~10.1 percent, between 2017 and 2022. The factors driving the sector contain growing demand for power, along the lack of power infrastructure, profits over land based power plants, and energy efficiency mandates and demand for clean energy. High capital cost combined with transportation, logistics, and accessibility issues is a top restraint for the increase ot the floating power plant market.

"Renewable: The quickest increasing segment of the floating power plant market, by power source"

The renewable power source segment is intended to be the fastest-growing segment, due to the rising demand for energy efficiency mandates and demand for clean energy, combined with the problems related to land acquisition in relation with the construction of power plants. Futhermore, the floating offshore wind minimizes the problems faced by the offshore wind sector, at water depths greater than 60 meters, and is predicted to push the renewable power source segment during the outlook period.

"20.1 MW-100 MW: The quickest increasing segment of the floating power plant market, by capacity"

The 20.1 MW to 100 MW capacity segment is forecasted to be the fastest-growing segment, due to the growth in projects for floating solar and wind. This industry segment is forecasted to account for most of the shares of the renewable power sources by 2022 and the increase in demand for clean energy would drive this industry segment.

"Europe (EU): The quickest increasing regional segment of the floating power plant market"

The European area is forecast to be the quickest increasing segment of the floating power plant market, as the european area has the more important offshore wind potential, and the countries in the territory are focusing on energy generation from renewable sources. According to the European Commission, EU has set a target of 20.0 percent energy generation from renewable sources. Therefore, the European area is forecast to grow at the quickest rate.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, corporate-level executives of top market actors, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

By Company Type: Tier 1 - 60.0 percent, Tier 2 - 27.0 percent, and 1/3 3 - 13.0 percent

By Designation: C-Level - 35.0 percent, Manager-Level - 25.0 percent, and Others - 40.0 percent

By area: North america (NA) - 40.0 percent, Europe - 25.0 percent, Asia-Pacific - 20.0 percent, and Rest of the World - 15.0 percent

Note: Others includes engineers, power article writers, and research scholars etc.

Note: Tier 1 Company- Revenue>1 billion, Tier 2 Company- Revenue between 500 million-1 billion, and Tier 3 Company- Revenue 100 million-500 million

The key players in this market have been profiled, together with their new developments and other strategic activities. These include MAN Diesel & Turbo SE, Mitsubishi Corporation, Wartsila, General Electric Company, Siemens Aktiengesellschaft, Caterpillar, Incorporated, Ciel & Terre International, Floating Power Plant A/S, Ideol, Kyocera Corporation, Principle Power, Incorporated, Upsolar, Vikram Solar Pvt., Limited, Yingli Solar, and SeaTwirl AB, among others.

Segment Research

The document breaks down the floating power plant market, on the basis of power sources, into, renewable and non-renewable. The renewable power source segment has been divided, on the basis of energy sources, into solar and wind. The solar energy source segment has been broken down on the basis of main components, into solar panels and floating structures. The wind energy source segment has been split, on the basis of top components, into wind turbines and sub-structures. The non-renewable power source segment has been divided, on the basis of main components, into gas turbines and IC engines. The combined (i.e. the renewable and non-renewable) overall floating power plant market has been broken down by area, into North America continent, Europe (EU), Asia Pacific (APAC), and the rest of the world. Each area has been further analyzed based on top country-level industries.

Why acquire this industry report?

1. The industry report determines and addresses main markets for floating power plant solutions, which is useful for suppliers and Original equipment manufacturers to examine production and distribution plans.

2. The study benefits manufacturers comprehend the pulse of the sector and offers business insights on drivers, market restraints, and opportunities. The analysis includes analyses of top countries, by energy source and main components. It examines historical forecasts and estimations for 2022, which assists in strategic decision-making.

3. The market research will facilitate Original equipment manufacturers better comprehend their players' strategies and will benefit in making tactical conclusions. It also presents the competition by analyzing recent market developments including top contracts, business developments, and recent product launches by main overall market actors.

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