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ASIA PACIFIC FLOATING POWER PLANT MARKET FORECAST 2018-2026

ASIA PACIFIC FLOATING POWER PLANT MARKET FORECAST 2018-2026

  • March 2018
  • 110 pages
  • ID: 5365441

Summary

Table of Contents

KEY FINDINGS
Asia- Pacific floating power plant market extends its applications primarily in manufacturing, commercial as well as the residential sector, as these power plants are used as a primary power source for a specific facility or may even be used as an emergency power source. By the end of the forecast years of 2018-2026, the market is expected to register a CAGR of 10.95%.

MARKET INSIGHTS
The Japan floating power plant market accounted for the highest revenue share in 2017.The country seeks to end its reliance on nuclear power and is, therefore, inclining towards floating solar islands.

After the Fukushima Disaster, Japan has turned towards renewable sources for energy generation.As a result, the country has witnessed a growing adoption of floating power plants.

India is another key market in this region, that is expected to progress with the highest CAGR over the projected years. Other significant markets in the Asia-Pacific region are Australia, South Korea, and China.

COMPETITIVE INSIGHTS
Major companies like Caterpillar Inc, Yingli Green Energy Holding Company Limited, Mitsubishi Corporation, Vikram Solar Pvt Ltd, Kyocera Corporation, General Electric, Siemens Ag, Seat will Ab, Man Diesel & Turbo Se, Upsolar Global Co and Principle Power Inc are engaged in this market.

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