[167 Pages Report] The global floating
power plant market is expected to grow from an estimated USD 889.6 million
in 2017 to USD 1,440.1 million by 2022, at a CAGR of 10.11%, from 2017 to 2022.
The factors driving the market include increasing demand for power, coupled
with the lack of power infrastructure, benefits over land based power plants
(majorly as it eliminates the land acquisition related problems), and energy
efficiency mandates and demand for clean energy (renewable energy source).
Browse 76 Market
Data Tables and 39 Figures spread through 167 Pages and in-depth TOC on
"Floating Power Plant Market by Power Source (Non-Renewable (Gas Turbines,
IC Engines), Renewable (Solar Panels, Solar Floating Structure, Wind Turbines,
Wind Substructure)), Capacity, and Region - Global Forecast to 2022"
The developments in the renewable sector, in relation
with the developments of floating renewable power plants, such as the floating
solar and floating wind, provides lucrative market opportunities to the OEM’s.
Countries such as France, which was not so prominent in the offshore wind industry,
is keen in developing its offshore wind, owing to the developments in the
floating offshore wind sector. After the Fukushima Daiichi Nuclear Power Plant
accident in Japan in 2011, the country is focusing on floating power plants for
power generation. This further drives
the non-renewable power source segment. Countries such as China and Russia are
constructing nuclear floating power plants. The products provided by companies,
such as Floating Power Plant A/S (Denmark), generates energy incorporating the
energy produced from wind and tidal sources that provides lucrative
opportunities to the OEMs.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=244648750
The floating power plant market is segmented by power
sources, capacity, and region. The renewable power source segment is estimated
to be the fastest growing segment, due to the increasing demand for energy
efficiency mandates and demand for clean energy (renewable energy source).
However, the
non-renewable segment is expected to dominate the floating power plant till
2022. This growth is majorly driven by the lack of power infrastructure coupled
with the upsurge in energy demand.
The renewable power source segment is further segmented
into the floating solar and wind market, on the basis of energy sources. The
floating solar market is expected to grow at a faster rate due to the benefits
over the land based solar installation, as it minimizes the evaporation rates,
and further reduces the cost required for cooling solution. Further the
floating offshore wind minimizes the problems faced by the offshore wind industry,
at water depths greater than 60 meters, and, thus accounted for a higher market
share in 2016.
The 20.1 MW to 100 MW capacity segment is estimated to be
the fastest growing segment, owing to the increase in projects for floating
solar and wind. The capacity segment
above 250 MW is projected to dominate the floating power plant market till
2022. The market share for the above 250 MW segment is maximum, as the floating power plants which generate
this amount of capacity fall under the non-renewable segment, thus accounting
for a major share of the market in the capacity segment.
The European region is expected to be the fastest growing
segment of the floating power plant industry, as the European region has the
highest offshore wind potential and the countries in the region are focusing on
energy generation from renewable sources.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on
30,000 high growth niche opportunities/threats which will impact 70% to 80% of
worldwide companies’ revenues. Currently servicing 7500 customers worldwide
including 80% of global Fortune 1000 companies as clients. Almost 75,000 top
officers across eight industries worldwide approach MarketsandMarkets™ for
their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™
are tracking global high growth markets following the "Growth Engagement
Model – GEM". The GEM aims at proactive collaboration with the clients to
identify new opportunities, identify most important customers, write
"Attack, avoid and defend" strategies, identify sources of
incremental revenues for both the company and its competitors.
MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top
players across leaders, emerging companies, innovators, strategic players)
annually in high growth emerging segments. MarketsandMarkets™ is determined to
benefit more than 10,000 companies this year for their revenue planning and
help them take their innovations/disruptions early to the market by providing
them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and
market research platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper understanding of the unmet insights
along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
