2021-2030 Analysis and Review Floating Power Plant Market

Floating Power Plant Market

Floating Power Plant Market By Source (Renewable Power, Non-Renewable power), By Capacity (0MW- 5MW, 5.1MW-20MW, 20.1MW-100MW, 100.1MW-250MW, Above 250MW) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021 – 2030

22-04-2022 REP-HC-139339 115 pages Format

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Global floating power plant market is expected to grow at a CAGR of 10.2% during forecast period (2022-2030). The floating power plants refers to power generation units that are located on a platform afloat on a water body. These power plants act as primary power source for specific facility and may also be used as an emergency power source. Further, these power plants provide the unique benefit that they can relocated and thus are ideal for power production on an interim basis in order to alleviate local power shortages. Global floating power plant market is driven by increasing demand for power demand for clean energy, benefits over land-based power plants and limited availability of land. In addition to this according to International Energy Agency, global electricity consumption would observe a 40% rise from 2016 to 2040.

Non-renewable Sources Dominated the Market

Global floating power plant market has been segmented on the basis of source and capacity. The source segment is further sub-segmented into non-renewable power and renewable power market. Non-renewable power market leads the source segment in terms of revenue in global floating power plant market with around 60.12% market share in 2021. Non-renewable energy sources are primary power sources in floating power plants since they are easy to install and are more economical compared to renewable sources of energy. The increasing deployment of non-renewable based floating power plants act as key driver for the growth of non-renewable energy market.

Above 250Mw Segment Led the Capacity Segment

Above 250Mw segment leads the capacity segment of the global floating power plant market by capturing largest market share of approximately 31% in 2021. Above 250Mw market is anticipated to rise at a CAGR of 9.8% during the forecast period. The growing installation of the above 250Mw floating power plants primarily due to increasing energy demand act as major driver for above 250Mw market.

APAC Takes the Lion’s Share

Geographically, global floating power plant market has been segmented into North America, Europe, Asia Pacific and Rest of World (ROW). Asia pacific leads global floating power plant market by capturing largest market share in terms of revenue of 29.82% in 2021. The floating power plant market in Asia Pacific is primarily driven by high investment in renewable energy coupled with increasing installation of floating power plants in Asia Pacific. Australia and Japan are also investing over for sustainable energy technologies. Further, increasing deployment of floating power plants in countries of Asia Pacific also act as driver for the growth of floating power plant market in Asia Pacific.

Europe Emerging as The Fastest Growing Market

The fastest growth rate of Europe floating power plant market is attributed to the fact that countries such as UK, France, Germany and Rest of Europe are highly inclined towards the adoption of floating power plants. Also, the government along with key players of these countries are determined in setting up floating power plants over the next few years (till 2030). For instance, according to France Wind Energy, The Wind Industry Group France Energie Eolienne (FEE) has targeted the development of 6 GW floating offshore wind power plants by end of 2030. Moreover, highest growth rate of European floating power plant market is due to spending a significant R&D amount on renewable energy.

Collaborative Efforts to Enhance Market Presence

Partnership and collaboration is the primary strategy adopted by companies in global floating power plant market and joint venture remains as the secondary. The intensity of competitive rivalry in global floating power plant market is expected to remain high level over forecast period 2022-2030. The global floating power plant market is highly competitive with the presence of major players, such as such Floating Power Plant A/S (Denmark), Wartsila Corporation (Finland), Siemens AG (Germany), General Electric (U.S.), MAN Diesel & Turbo SE (Germany) and Ciel & Terre International (California) hold the maximum market share in terms of market revenue. The major companies are performing intensive research in improving the quality of floating power plant solutions and developing new products and solutions. Companies are trying to compete with each other by providing the same characteristics with similar pricing at competitive prices for products in floating power plant market.

Historical & Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2022 to 2030.

Report Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region.

By Source (2020-2030; US$ Mn)

Renewable Power
Non-Renewable power

By Capacity (2020-2030; US$ Mn)

0MW-5MW
5.1MW-20MW
20.1MW-100MW
100.1MW-250MW
Above 250MW

By Region (2020-2030; US$ Mn)

North America
Europe
Asia Pacific
Latin America
Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

Pre Covid-19 situation
Post Covid-19 situation

Key questions answered in this report

What are the key market segments in current scenario and in the future by product categories?
What are the key market segments in current scenario and in the future by regions?
What is the key impact of Covid-19 over market revenues and market determinants in the global floating power plant market?
What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
How to overcome the current market challenges and leverage the opportunities in each of the market segment?
Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc. that companies are deploying to enhance market revenues and growth

Floating Power Plant Market - Table of Contents

Chapter 1. Preface

Chapter 2. Market Overview
2.1. Global Floating Power Plants Market: Evolution & Transition
2.2. Market Definition and Scope
2.3. Industry Structure
2.4. Regulatory Framework
2.5. Total Market Analysis
2.5.1. Top Findings
2.5.2. Top Opportunity Market
2.7. Top 5 Companies
2.5.4. Top Competitive Strategies
2.6. Estimation Analysis
2.6.1. Growth in Renewable Energy Systems
2.6.2. Distribution of Coastline Lengths
2.6.3. Investments in Global Floating Power Plants
2.7. Strategic Analysis
2.7.1. Investment Versus Adoption Model
2.7.2. Porters 5 Force Model
2.7.2.1. Bargaining Power of Supplier
2.7.2.2. Threat of New Entrants
2.7.2.3. Bargaining Power of Buyer
2.7.2.4. Intensity of Competitive Rivalry
2.7.2.5. Threat of Substitute Products
2.7.3. 360 Degree Analysis
2.7.4. Consumer Analysis and Key Buying Criteria
2.7.5. See-Saw Analysis
2.8. Competitive Analysis
2.8.1. Vendor Landscape
2.9. Strategic Recommendations & Key Conclusions
2.9.1. Investment Opportunities by Regions
2.9.2. Opportunities in Emerging Capacities
2.9.3. Investment Opportunity in Fastest Growing Segment

Chapter 3. Market Determinants
3.1. Market Drivers
3.2. Market Restraint
3.3. Market Opportunities
3.4. Market Challenges

Chapter 4 Global Floating Power Plant Market by Source, 2020-2030, ($ Million)
4.1. Market Definition and Scope
4.2. Decision Support Data Base and Estimation Methodology
4.3. Comparative Analysis Across Market Segments 2022 & 2030
4.4. Opportunity Matrix
4.5. Market Segmentation by Source
4.5.1. Global Renewable Power Market
4.5.1.1. Adoption Scenario and Market Determinants
4.5.1.2. Market Estimations and Forecasts 2020-2030 ($ Million)
4.5.1.3. Key Players and Key Products
4.5.1.4. Key Conclusion
4.5.2. Global Non-Renewable Power Market
4.5.2.1. Adoption Scenario and Market Determinants
4.5.2.2. Market Estimations and Forecasts 2020-2030 ($ Million)
4.5.2.3. Key Players and Key Products
4.5.2.4. Key Conclusion

Chapter 5 Global Floating Power Plant Market by Capacity, 2020-2030, ($ Million)
5.1. Market Definition and Scope
5.2. Decision Support Database and Estimation Methodology
5.3. Comparative Analysis Across Market Segments 2021 & 2030
5.4. Opportunity Matrix
5.5. Market Segmentation by Capacity
5.5.1. Global 0 Mw-5 Mw Market
5.5.1.1. Adoption Scenario and Market Determinants
5.5.1.2. Market Estimations and Forecasts 2020-2030 ($ Million)
5.5.1.3. Key Players and Key Products
5.5.1.4. Key Conclusion
5.5.2. Global 5.1 Mw-20 Mw Market
5.5.2.1. Adoption Scenario and Market Determinants
5.5.2.2. Market Estimations and Forecasts 2020-2030 ($ Million)
5.5.2.3. Key Players and Key Products
5.5.2.4. Key Conclusion
5.7. Global 20.1 Mw-100 Mw Market
5.7.1. Adoption Scenario and Market Determinants
5.7.2. Market Estimations and Forecasts 2020-2030 ($ Million)
5.7.3. Key Players and Key Products
5.7.4. Key Conclusion
5.5.4. Global 100.1 Mw-250 Mw Market
5.5.4.1. Adoption Scenario and Market Determinants
5.5.5. Market Estimations and Forecasts 2020-2030 ($ Million)
5.5.4.3. Key Players and Key Products
5.5.4.4. Key Conclusion
5.5.5. Global Above 250 Mw Market
5.5.5.1. Adoption Scenario and Market Determinants
5.5.5.2. Market Estimations and Forecasts 2020-2030 ($ Million)
5.5.7. Key Players and Key Products
5.5.5.4. Key Conclusion

Chapter 6. Competitive Landscape
6.1. Key Strategies
6.1.1. List of Collaboration& Partnership
6.1.2. List of Product Launch & Innovation
6.1.3. List of Agreement & Joint Venture
6.1.4. List of Expansion
6.1.6. List of Funding

Chapter 7. North America Floating Power Plant Market, 2020-2030, ($ Million)
7.1. Market Overview
7.2 Segmentation Analysis by Region 2020-2030 ($Million)
7.2.1. United States
7.2.2. Canada

Chapter 8. UK & European Floating Power Plant Market, 2020-2030, ($ Million)
8.1. Market Overview
8.2. Segmentation Analysis by Region 2020-2030 ($ Million)
8.2.1. United Kingdom
8.2.2. France
8.2.3. Germany
8.2.4. Russia
8.2.5. Rest of Europe

Chapter 9. Asia-Pacific Floating Power Plant Market, 2020-2030, ($ Million)
9.1. Market Overview
9.2. Segmentation Analysis by Region 2020-2030 ($Million)
9.2.1. China
9.2.2. India
9.2.3. Japan
9.2.4. Australia
9.2.5. Rest of Asia-Pacific

Chapter 10. ROW Floating Power Plant Market, 2020-2030, ($ Million)
10.1. Market Overview
10.2. Segmentation Analysis by Region 2020-2030 ($ Million)
10.2.1. Latin America
10.2.2. Middle East & Africa

Chapter 11. Company Profiles
11.1. Seatwirl Ab
11.2. Floating Power Plant
11.3. Upsolar Global Co. Ltd
11.4. Siemens Ag
11.5. Man Diesel & Turbo Se
11.6. Ideol Sa
11.7. Principle Power, Inc.
11.8. General Electric
11.9. Wartsila Corporation
11.10. Vikram Solar Pvt Ltd.
11.11. Caterpillar Inc
11.12. Kyocera Corporation
11.13. Mitsubishi Corporation
11.14. Yingli Green Energy Holding Company Limited
11.15. Ciel & Terre International

Floating Power Plant Market - List of Tables

Table 1 Global Floating Power Plant Market by Source 2020-2030 ($ Million)
Table 2 Investment Versus Adoption Model: Global Floating Power Plant Market by Capacity 2020-2030
Table 3 Driver Impact Analysis of Global Market
Table 4 Region-Wise Power Consumption (in Terawatt-Hours)
Table 5 Restraint Impact Analysis of Global Floating Power Plant Market
Table 6 Opportunities Impact Analysis of Floating Power Plant Market
Table 7 Challenges Impact Analysis of Floating Power Plant Market
Table 8 Global Floating Power Plant by Source 2020-2030 ($ Million)
Table 9 Global Renewable Power Market by Geography 2020-2030 ($Million)
Table 10 Global Non-Renewable Power Market by Geography 2020-2030 ($Million)
Table 11 Global Floating Power Plant Market by Capacity 2020-2030 ($ Million)
Table 12 Global 0 Mw-5 Mw Market by Geography 2020-2030 ($Million)
Table 13 Global 5.1 Mw-20 Mw Market by Geography 2020-2030 ($Million)
Table 14 Global 20.1 Mw-100 Mw Market by Geography 2020-2030 ($ Million)
Table 15 Global 100.1 Mw-250 Mw Market by Geography 2020-2030 ($Million)
Table 16 Global Above 250 Mw Market by Geography 2020-2030 ($Million)
Table 17 North America Floating Power Plant Market 2020-2030 ($ Million)
Table 18 Europe Floating Power Plant Market 2020-2030 ($ Million)
Table 19 Asia-Pacific Floating Power Plant Market 2020-2030 ($ Million)
Table 20 Row Floating Power Plant Market 2020-2030($ Million)

Floating Power Plant Market - List of Figures

Figure 1 Global Floating Power Plant Market Regional Analysis 2020-2030 (%)
Figure 2 Asia Pacific Floating Power Plant Market 2020-2030 ($ Million)
Figure 3 Global Non-Renewable Floating Power Plant Market 2020-2030 ($ Million)
Figure 4 Electricity Demand Projection till 2040
Figure 5 Global Above 250MW Market 2020-2030 ($ Million)
Figure 6 Middle East and Africa Floating Power Plant Market 2020-2030 ($ Million)
Figure 7 Germany Floating Power Plant Market 2020-2030 ($ Million)
Figure 8 India Floating Power Plant Market 2020-2030 ($ Million)
Figure 9 Global Renewable Market 2020-2030 ($ Million)
Figure 10 Global 20.1-100 Mw Market 2020-2030 ($ Million)
Figure 11 Average Annual Net Capacity Addition Projection till 2040
Figure 12 Investments in Floating Power Plants
Figure 13 World Electricity Production by Source
Figure 14 See-Saw Analysis of Global Floating Power Plant Market
Figure 16 Investment Proposition for Global Floating Power Plant Market 2020-2030
Figure 17 Investment Opportunities in Emerging Capacities 2022-2030
Figure 18 Comparative Analysis Across Market Segments 2022 & 2030 (%)
Figure 19 Global Carbon Dioxide Emissions from Fuel Combustion (Million Tones)
Figure 20 Reduction in Cost of Energy from Offshore Wind Projects (Us$/Mwh)
Figure 21 Land Availability (in %)
Figure 22 World Population (in Billion)
Figure 23 Comparative Analysis Across Market Segments 2022 & 2030 (%)
Figure 24 Global Renewable Power Market 2020-2030 ($ Million)
Figure 25 Global Non-Renewable Power Market 2020-2030 ($ Million)
Figure 26 Comparative Analysis Across Market Segments 2022 & 2030 (%)
Figure 27 Global 0 Mw-5 Mw Market 2020-2030 ($ Million)
Figure 28 Global 5.1 Mw-20 Mw Market 2020-2030 ($ Million)
Figure 29 Global 20.1 Mw-100 Mw Market 2020-2030 ($ Million)
Figure 30 Global 100.1 Mw-250 Mw Market 2020-2030 ($ Million)
Figure 31 Global Above 250 Mw Market 2020-2030 ($ Million)
Figure 32 United States Floating Power Plant Market 2020-2030 ($ Million)
Figure 33 Canada Floating Power Plant Market 2020-2030 ($ Million)
Figure 34 United Kingdom Floating Power Plant Market ($ Million)
Figure 35 France Floating Power Plant Market 2020-2030 ($ Million)
Figure 36 Germany Floating Power Plant Market 2020-2030 ($ Million)
Figure 37 Spain Floating Power Plant Market 2020-2030 ($ Million)
Figure 38 Rest of Europe Floating Power Plant Market 2020-2030 ($ Million)
Figure 39 China Floating Power Plant Market 2020-2030 ($ Million)
Figure 40 India Floating Power Plant 2020-2030 ($ Million)
Figure 41 Japan Floating Power Plant Market 2020-2030 ($ Million)
Figure 42 Australia Floating Power Plant Market 2020-2030 ($ Million)
Figure 43 Rest of Asia-Pacific Floating Power Plant Market 2020-2030 ($ Million)
Figure 44 Latin America Floating Power Plant Market 2020-2030 ($ Million)
Figure 45 Middle East & Africa Floating Power Plant Market 2020-2030 ($Million)