Market Overview:
The global floating power plant market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy and the growing concerns about climate change. In terms of type, the floating solar power segment is expected to account for a major share of the global floating power plant market during the forecast period. This can be attributed to factors such as declining costs of solar photovoltaic (PV) technology and rising awareness about environmental benefits offered by floating solar PV systems.
Product Definition:
A floating power plant is a mobile, floating electric generating station. It may be used for various purposes such as providing electricity to an offshore oil rig or other isolated location, or as a temporary power source for disaster relief operations. The importance of floating power plants lies in their ability to provide reliable, temporary electric power in locations where traditional land-based plants are not feasible.
Floating Solar Power:
Floating solar power is the energy generated by harnessing the sun's energy that falls on water, and storing it for use at a later date. The process does not require any fuel or operational support from land-based power plants. It has been estimated that floating solar power systems can provide enough electricity to meet approximately 20% of global current demand, with room to grow over the coming years.
Floating Wind:
Floating wind power plants are being considered as an effective solution to the problems of land-based wind farms. The main objective behind floating wind power plant is to avoid the problems associated with land acquisition and environmental impact, which is a major cause for concern in other forms of conventional offshore installations. These floating plants can be deployed in open water bodies like oceans, seas or lakes making them immune from any terrestrial environment issues and hence provide clean energy without causing any harm to aquatic life.
Application Insights:
Non-renewable application segment led the market and accounted for more than 61% of the total revenue share in 2017. Rising demand for coal, oil, and gas plants across various regions is expected to drive the growth of non-renewable energy sources such as coal and petroleum products over the forecast period. This trend is likely to hamper the growth of renewable energy generation technologies such as solar power plants over the next eight years.
The European Commission has set a target that 80% of electricity should be generated from renewable sources by 2050 which will boost market growth in Europe significantly. The growing need to reduce greenhouse emissions has driven countries such as Germany, Portugal, Spain along with many others towards adopting policies & initiatives related to FPPs which can help them meet their targets on time.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in terms of global floating power plant capacity in 2017 owing to large scale adoption of renewable energy sources across countries such as China, Japan, and South Korea. Furthermore, favorable government policies and rising awareness about clean energy generation are expected to drive demand for FPPs over the next eight years.
China is projected to dominate Asia Pacific regional market with largest number of operational FPPs by 2030 due to increasing investments in wind farms along with other renewable power projects off shore territories which will lead towards an increase in electricity production from fossil fuels at a significant rate comparedto offshore wind farm sites onshore Germany’s North Sea coast or U.S East Coast).
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government initiatives and policies to promote renewable energy sources
- Rising concerns over climate change and its impact on the environment
- Technological advancements in floating power plant technology
- Growing demand for clean and reliable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Floating Power Plant Market Research Report
By Type
Floating Solar Power, Floating Wind, Floating Wind and Wave power, Floating Nuclear power, Others
By Application
Non-renewable, Renewable, Wind
By Companies
MAN Diesel & Turbo, Karadeniz, Vikram Solar, Ciel & Terre, Waller Marine, Power Barge, Floating Power Plant, Principle Power, Wartsila, Kyocera TCL Solar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Floating Power Plant Market Report Segments:
The global Floating Power Plant market is segmented on the basis of:
Types
Floating Solar Power, Floating Wind, Floating Wind and Wave power, Floating Nuclear power, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Non-renewable, Renewable, Wind
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MAN Diesel & Turbo
- Karadeniz
- Vikram Solar
- Ciel & Terre
- Waller Marine
- Power Barge
- Floating Power Plant
- Principle Power
- Wartsila
- Kyocera TCL Solar
Highlights of The Floating Power Plant Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Floating Solar Power
- Floating Wind
- Floating Wind and Wave power
- Floating Nuclear power
- Others
- By Application:
- Non-renewable
- Renewable
- Wind
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Floating Power Plant Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A floating power plant is a type of offshore wind farm that uses floating platforms to generate electricity. The platforms are anchored to the seabed and use wind turbines to produce energy. Floating power plants are more stable than land-based wind farms, which makes them better suited for locations where there is strong winds but also waves and currents.
Some of the major companies in the floating power plant market are MAN Diesel & Turbo, Karadeniz, Vikram Solar, Ciel & Terre, Waller Marine, Power Barge, Floating Power Plant, Principle Power, Wartsila, Kyocera TCL Solar.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Floating Power Plant Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Floating Power Plant Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Floating Power Plant Market - Supply Chain
4.5. Global Floating Power Plant Market Forecast
4.5.1. Floating Power Plant Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Floating Power Plant Market Size (000 Units) and Y-o-Y Growth
4.5.3. Floating Power Plant Market Absolute $ Opportunity
5. Global Floating Power Plant Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Floating Power Plant Market Size and Volume Forecast by Type
5.3.1. Floating Solar Power
5.3.2. Floating Wind
5.3.3. Floating Wind and Wave power
5.3.4. Floating Nuclear power
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Floating Power Plant Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Floating Power Plant Market Size and Volume Forecast by Application
6.3.1. Non-renewable
6.3.2. Renewable
6.3.3. Wind
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Floating Power Plant Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Floating Power Plant Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Floating Power Plant Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Floating Power Plant Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Floating Power Plant Demand Share Forecast, 2019-2026
9. North America Floating Power Plant Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Floating Power Plant Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Floating Power Plant Market Size and Volume Forecast by Application
9.4.1. Non-renewable
9.4.2. Renewable
9.4.3. Wind
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Floating Power Plant Market Size and Volume Forecast by Type
9.7.1. Floating Solar Power
9.7.2. Floating Wind
9.7.3. Floating Wind and Wave power
9.7.4. Floating Nuclear power
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Floating Power Plant Demand Share Forecast, 2019-2026
10. Latin America Floating Power Plant Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Floating Power Plant Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Floating Power Plant Market Size and Volume Forecast by Application
10.4.1. Non-renewable
10.4.2. Renewable
10.4.3. Wind
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Floating Power Plant Market Size and Volume Forecast by Type
10.7.1. Floating Solar Power
10.7.2. Floating Wind
10.7.3. Floating Wind and Wave power
10.7.4. Floating Nuclear power
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Floating Power Plant Demand Share Forecast, 2019-2026
11. Europe Floating Power Plant Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Floating Power Plant Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Floating Power Plant Market Size and Volume Forecast by Application
11.4.1. Non-renewable
11.4.2. Renewable
11.4.3. Wind
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Floating Power Plant Market Size and Volume Forecast by Type
11.7.1. Floating Solar Power
11.7.2. Floating Wind
11.7.3. Floating Wind and Wave power
11.7.4. Floating Nuclear power
11.7.5. Others
11.8. Basis Pint Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Floating Power Plant Demand Share, 2019-2026
12. Asia Pacific Floating Power Plant Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Floating Power Plant Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Floating Power Plant Market Size and Volume Forecast by Application
12.4.1. Non-renewable
12.4.2. Renewable
12.4.3. Wind
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Floating Power Plant Market Size and Volume Forecast by Type
12.7.1. Floating Solar Power
12.7.2. Floating Wind
12.7.3. Floating Wind and Wave power
12.7.4. Floating Nuclear power
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Floating Power Plant Demand Share, 2019-2026
13. Middle East & Africa Floating Power Plant Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Floating Power Plant Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Floating Power Plant Market Size and Volume Forecast by Application
13.4.1. Non-renewable
13.4.2. Renewable
13.4.3. Wind
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Floating Power Plant Market Size and Volume Forecast by Type
13.7.1. Floating Solar Power
13.7.2. Floating Wind
13.7.3. Floating Wind and Wave power
13.7.4. Floating Nuclear power
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Floating Power Plant Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Floating Power Plant Market: Market Share Analysis
14.2. Floating Power Plant Distributors and Customers
14.3. Floating Power Plant Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. MAN Diesel & Turbo
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Karadeniz
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Vikram Solar
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ciel & Terre
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Waller Marine
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Power Barge
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Floating Power Plant
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Principle Power
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Wartsila
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kyocera TCL Solar
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
