Market by Capacity, Source, and Country Outlook | Forecast 2023-2028
According to Triton’s report, the Asia-Pacific floating power plant market is expected to register revenue growth with a CAGR of 11.41% during the forecasted period 2023-2028.
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The
countries examined in the studied region include:
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China
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India
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Japan
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South Korea
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Australia & New Zealand
•       Â
ASEAN Countries
•       Â
Rest of Asia-Pacific
The
Asia-Pacific region is a diverse area encompassing countries stretching from
East Asia to Oceania. It is home to a significant portion of the world’s
population and has experienced rapid economic growth in recent decades. As the
region strives to meet its increasing energy demands, the need for innovative
solutions becomes paramount. One such solution gaining traction is floating
power plants. The Asia-Pacific region is geographically characterized by
coastlines, making traditional power infrastructure challenging to implement.
Floating power plants provide a flexible and efficient alternative, utilizing
offshore spaces to generate renewable energy and meet the soaring electricity
requirements in this region.
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China holds the highest share value in the Asia-Pacific
floating power plant market. The nation’s progress can be attributed to its extensive
coastline, abundant offshore wind potential, ambitious targets by coastal
provinces, commitment to offshore wind projects, and strategic initiatives by
key players like GE Renewable Energy. For instance, in May 2020, GE Renewable
Energy launched an offshore wind factory in the province of Guangdong.
Therefore, these factors widen the overall scope of the Chinese floating power
plant market.
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Like China,
India fuels the demand for floating power plants for several reasons. With its
long coastline and limited land availability, floating power plants provide a
viable solution for offshore energy generation. The nation’s commitment to
renewable energy and ambitious targets for offshore wind development contributes
to the growing demand. The country’s initiatives further drive the deployment
of floating power plants, fueling the studied market’s progression.
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Non-renewable
power sources, such as fossil fuels and natural gas, offer reliable and
established technology but contribute to carbon emissions and environmental
concerns. On the other hand, renewable power sources like solar, wind, and
hydro provide clean energy solutions, mitigating environmental impact. The
shift towards renewable sources in the floating power plant market is driven by
the growing global focus on sustainability and reducing greenhouse gas
emissions, fostering the development of innovative and eco-friendly energy
solutions.
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The floating power plant market is divided into two
segments, i.e., by capacity and source. The source segment further
includes: non-renewable and renewable.
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The well-known companies in the market consist of SeaTwirl
AB, Floating Power Plant AS, Upsolar Group Co Ltd, Caterpillar Inc, Kyocera
Corporation, Mitsubishi Corporation, Wartsila Corporation, Siemens AG, MAN
Energy Solutions SE, and Vikram Solar Limited.
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Mitsubishi
Corporation is a Tokyo-based global integrated business enterprise that
operates in diverse industries, including energy, chemicals, metals, machinery,
foods, and the environment. With a presence across North and Latin America,
Asia-Pacific, Europe, Middle East & Africa, the company offers
comprehensive solutions for various stages of business, ranging from
development and procurement to production, logistics, and sales. With its broad
portfolio and headquarters in Japan, Mitsubishi Corporation plays a significant
role in the global market, driving growth and innovation in multiple sectors.
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Key deliverables of the report:
â—ŹÂ Â Â Â Â Market CAGR during the forecasting years 2023-2028
â—ŹÂ Â Â Â Â Detailed data highlighting key insights, industry components, and market strategies
â—ŹÂ Â Â Â Â Comprehensive information and estimation of the floating power plant market revenue growth in the Asia-Pacific and its influence on the parent market
â—ŹÂ Â Â Â Â In-depth study of forthcoming trends in consumer behavioral patterns
●     A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces
â—ŹÂ Â Â Â Â
A wide-ranging study of factors that will challenge the APAC
floating power plant market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.Â
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VIEW REPORT1. ASIA-PACIFIC
FLOATING POWER PLANT MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. ASSESSMENT
OF SHIP-BASED FLOATING POWER PLANTS
2.1.1. DEVELOPMENTS
RELATED TO SHIP-BASED FLOATING POWER PLANTS
2.2. IMPACT
ANALYSIS ON THE FLOATING POWER PLANT MARKET
2.2.1. COVID-19
IMPACT
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
MATURITY ANALYSIS
2.5. INDUSTRY
COMPONENTS
2.5.1. RAW
MATERIALS & COMPONENT SUPPLIERS
2.5.2. OEMS
2.5.3. EPC
COMPANIES & DEVELOPERS
2.6. REGULATORY
FRAMEWORK
2.7. KEY
MARKET STRATEGIES
2.7.1. COLLABORATIONS
2.7.2. PRODUCT
LAUNCHES
2.7.3. MERGERS
& ACQUISITIONS
2.7.4. BUSINESS
DIVESTITURES & EXPANSIONS
2.8. MARKET
DRIVERS
2.8.1. RISING
POPULARITY OF OFFSHORE WIND PROJECTS
2.8.2. GROWING
CLEAN ENERGY PROJECTS
2.9. MARKET
CHALLENGES
2.9.1. TECHNICAL
CHALLENGES INVOLVED IN FLOATING POWER PLANTS
2.9.2. HIGH
COST OF PROJECTS
2.10. MARKET
OPPORTUNITIES
2.10.1. RISING
POPULARITY OF IC ENGINE-BASED FLOATING POWER PLANTS
2.10.2. RISE
IN THE INSTALLATION OF NEW POWER PLANTS
2.11. ANALYST
PERSPECTIVE
3. ASIA-PACIFIC
FLOATING POWER PLANT MARKET – BY CAPACITY
3.1. 0MW-
5MW
3.2. 5.1
MW- 20 MW
3.3. 20
MW- 100 MW
3.4. 100.1
MW- 250 MW
3.5. ABOVE
250 MW
4. ASIA-PACIFIC
FLOATING POWER PLANT MARKET – BY SOURCE
4.1. NON-RENEWABLE
POWER SOURCE
4.2. RENEWABLE
POWER SOURCE
5. ASIA-PACIFIC
FLOATING POWER PLANT MARKET – BY COUNTRY OUTLOOK
5.1. CHINA
5.1.1. CHINA
FLOATING POWER PLANT MARKET FORECAST & PROSPECTS
5.2. JAPAN
5.2.1. JAPAN
FLOATING POWER PLANT MARKET FORECAST & PROSPECTS
5.3. INDIA
5.3.1. INDIA
FLOATING POWER PLANT MARKET FORECAST & PROSPECTS
5.4. SOUTH
KOREA
5.4.1. SOUTH
KOREA FLOATING POWER PLANT MARKET FORECAST & PROSPECTS
5.5. ASEAN
COUNTRIES
5.5.1. ASEAN
COUNTRIES FLOATING POWER PLANT MARKET FORECAST & PROSPECTS
5.6. AUSTRALIA
& NEW ZEALAND
5.6.1. AUSTRALIA
& NEW ZEALAND FLOATING POWER PLANT MARKET FORECAST & PROSPECTS
5.7. REST
OF ASIA-PACIFIC
5.7.1. REST
OF ASIA-PACIFIC FLOATING POWER PLANT MARKET FORECAST & PROSPECTS
6. COMPETITIVE
LANDSCAPE
6.1. SEATWIRL
AB
6.1.1. OVERVIEW
6.1.2. PRODUCT
PORTFOLIO
6.1.3. KEY
STRENGTHS
6.1.4. KEY
CHALLENGES
6.2. FLOATING
POWER PLANT AS
6.2.1. OVERVIEW
6.2.2. PRODUCT
PORTFOLIO
6.2.3. KEY
STRENGTHS
6.2.4. KEY
CHALLENGES
6.3. UPSOLAR
GROUP CO LTD
6.3.1. OVERVIEW
6.3.2. PRODUCT
PORTFOLIO
6.3.3. KEY
STRENGTHS
6.3.4. KEY
CHALLENGES
6.4. CATERPILLAR
INC
6.4.1. OVERVIEW
6.4.2. PRODUCT
PORTFOLIO
6.4.3. KEY
STRENGTHS
6.4.4. KEY
CHALLENGES
6.5. KYOCERA
CORPORATION
6.5.1. OVERVIEW
6.5.2. PRODUCT
PORTFOLIO
6.5.3. KEY
STRENGTHS
6.5.4. KEY
CHALLENGES
6.6. MITSUBISHI
CORPORATION
6.6.1. OVERVIEW
6.6.2. PRODUCT
PORTFOLIO
6.6.3. KEY
STRENGTHS
6.6.4. KEY
CHALLENGES
6.7. VIKRAM
SOLAR LIMITED
6.7.1. OVERVIEW
6.7.2. PRODUCT
PORTFOLIO
6.7.3. KEY
STRENGTHS
6.7.4. KEY
CHALLENGES
6.8.1. OVERVIEW
6.8.2. PRODUCT
PORTFOLIO
6.9. SIEMENS
AG
6.9.1. OVERVIEW
6.9.2. PRODUCT
PORTFOLIO
6.9.3. KEY
STRENGTHS
6.9.4. KEY
CHALLENGES
6.10. MAN
ENERGY SOLUTIONS SE
6.10.1. OVERVIEW
6.10.2. PRODUCT
PORTFOLIO
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC
FLOATING POWER PLANT MARKET, BY COUNTRY OUTLOOK, 2023-2028 (IN $ MILLION)
TABLE 2: REGULATORY
FRAMEWORK
TABLE 3: LIST OF
COLLABORATIONS
TABLE 4: LIST OF
PRODUCT LAUNCHES
TABLE 5: LIST OF
MERGERS & ACQUISITIONS
TABLE 6: LIST OF
BUSINESS DIVESTITURES & EXPANSIONS
TABLE 7: ASIA-PACIFIC
FLOATING POWER PLANT MARKET, BY CAPACITY, 2023-2028 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC
FLOATING POWER PLANT MARKET, BY SOURCE, 2023-2028 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC
FLOATING POWER PLANT MARKET, BY COUNTRY OUTLOOK, 2023-2028 (IN $ MILLION)
FIGURE 1: INDUSTRY
COMPONENTS
FIGURE 2: ASIA-PACIFIC
FLOATING POWER PLANT MARKET, BY CAPACITY, 2022 & 2028 (IN %)
FIGURE 3: ASIA-PACIFIC
FLOATING POWER PLANT MARKET, BY 0 MW- 5 MW, 2023-2028 (IN $ MILLION)
FIGURE 4: ASIA-PACIFIC
FLOATING POWER PLANT MARKET, BY 5.1 MW- 20 MW, 2023-2028 (IN $ MILLION)
FIGURE 5: ASIA-PACIFIC
FLOATING POWER PLANT MARKET, BY 20 MW- 100 MW, 2023-2028 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC
FLOATING POWER PLANT MARKET, BY 100.1 MW- 250 MW, 2023-2028 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC
FLOATING POWER PLANT MARKET, BY ABOVE 250 MW, 2023-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC
FLOATING POWER PLANT MARKET, BY SOURCE, 2022 & 2028 (IN %)
FIGURE 9: ASIA-PACIFIC
FLOATING POWER PLANT MARKET, BY NON-RENEWABLE POWER SOURCE, 2023-2028 (IN $
MILLION)
FIGURE 10: ASIA-PACIFIC
FLOATING POWER PLANT MARKET, BY RENEWABLE POWER SOURCE, 2023-2028 (IN $
MILLION)
FIGURE 11: CHINA
FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)
FIGURE 12: JAPAN
FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)
FIGURE 13: INDIA
FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)
FIGURE 14: SOUTH KOREA
FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)
FIGURE 15: ASEAN
COUNTRIES FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)
FIGURE 16: AUSTRALIA
& NEW ZEALAND FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)
FIGURE 17: REST OF
ASIA-PACIFIC FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)