GLOBAL FLOATING POWER PLANT MARKET 2019-2027

Energy, Power & Utilities | Power

GLOBAL FLOATING POWER PLANT MARKET 2019-2027

Market By Source, Capacity And Geography | Forecast 2019-2027

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After a detailed analysis, Triton Market Research has concluded that the global floating power plant market is expected to display an upward trend and is estimated to grow at a CAGR of 9.52% in terms of revenue over the forecast period of 2019 to 2027. The market was assessed to be worth $858 million in the year 2018 and is predicted to generate a revenue of approximately $1887 million by the year 2027.

global floating power plant market is expected to display an upward trend and is estimated to grow at a CAGR of 9.52%

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The floating power plants refer to power generation units that are located on a platform afloat a water body. These power plants act as primary power source for a specific facility and may also be used as an emergency power source. Further, these power plants provide the unique benefit that they can be relocated and thus, are ideal for power production on an interim basis in order to alleviate local power shortages. The manufacturing of floating power plant can be done at a shipyard or factory. A special site set up for its construction is not necessary. It is not required to carry out viability studies on the land and land environment. The dismantling can be done at a specialized site. 

Within this report from Triton on floating power plant market, the market definition and the key insights regarding the industry have been discussed. Also, the market attractiveness matrix, vendor scorecard, key buying criteria, value chain analysis and Porter’s five force analysis have been studied for the floating power plant Industry. 

Floating power plants are more beneficial over-land based power plants and the availability of less land leads to installation of new capacity over water bodies; these are some of the reasons to install floating power plants. The rapidly increasing demand for power and the increasing awareness about clean energy are some of the driving factors for the growth of this market. The floating power plant industry is facing restraints like high investments which are obstructing the industry growth. Key opportunities like the increasing popularity of solar power and the rising popularity of floating wind farms can be leveraged by the industry to reach the projected growth. Challenges such as the difficulties in installation of these power plants are faced by the industry at this moment.

Floating power plant market segmentation:  O    By source, the global floating power plant market is further segmented into:   •    Renewable Power  •    Non-Renewable Power  O    By capacity,

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Geographies covered for global floating power plant market

•    North America Floating Power Plant: The United States and Canada

•    Europe Floating Power Plant: The United Kingdom, Germany, France, Italy, Spain, Russia and rest of Europe

•    Asia-PacificFloating Power Plant: China, Japan, India, South Korea, ASEAN countries, Australia & New Zealand and rest of Asia Pacific

•    Latin AmericaFloating Power Plant: Brazil, Mexico and rest of Latin America

•    The Middle East & AfricaFloating Power Plant: The United Arab Emirates, Turkey, Saudi Arabia, South Africa and rest of the Middle East & Africa.

Floating power plant market segmentation:

O    By source, the global floating power plant market is further segmented into: 

•    Renewable Power

•    Non-Renewable Power

O    By capacity, the global floating power plant market is further segmented into: 

•    0MW-5MW

•    5.1MW-20MW

•    20.1MW-100MW

•    100.1MW-250MW

•    Above 250MW

Some of the prominent players in the floating power plant market are Caterpillar Inc., Mitsubishi Corporation, Siemens AG, General Electric, Wartsila Corporation, Upsolar Global Co. Ltd, SeaTwirl AB, Kyocera Corporation, Man Diesel & Turbo SE, Vikram Solar Pvt Ltd., Ideol S.A., Ciel & Terre International, Floating Power Plant, Principle Power Inc,  Yingli Green Energy Holding Company Limited.

The strategic analysis for each of these companies in the floating power plant market has been covered in detail. Company profiles help to dive into the information about the key market players in this industry and how much hold they have on the market. In spite of being technologically intensive, the immense growth opportunities are attracting new companies to rush into the market and thus, accelerate the degree of competition.


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Table of Content

1.    GLOBAL FLOATING POWER PLANT MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.2.1.   NON-RENEWABLE POWER TO BE THE MAJOR SOURCE SEGMENT

2.2.2.   ABOVE 250MW TO BE THE FOREMOST IN THE CAPACITY SEGMENT

2.2.3.   RISE IN THE RESEARCH & DEVELOPMENT IN FLOATING POWER PLANTS

2.3. PORTER’S FIVE FORCE ANALYSIS

2.3.1.   THREAT OF NEW ENTRANTS

2.3.2.   THREAT OF SUBSTITUTE

2.3.3.   BARGAINING POWER OF SUPPLIERS

2.3.4.   BARGAINING POWER OF BUYERS

2.3.5.   THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY BUYING CRITERIA

2.7. VALUE CHAIN ANALYSIS

2.8. MARKET DRIVERS

2.8.1.   FLOATING POWER PLANTS MORE BENEFICIAL OVER LAND-BASED POWER PLANTS

2.8.2.   AVAILABILITY OF LESS LAND LEADS TO INSTALLATION OF NEW CAPACITY OVER WATER BODIES

2.8.3.   RAPIDLY INCREASING DEMAND FOR POWER

2.8.4.   INCREASING AWARENESS ABOUT CLEAN ENERGY

2.9. MARKET RESTRAINTS

2.9.1.   HIGH INVESTMENT

2.10.            MARKET OPPORTUNITIES

2.10.1.                INCREASING POPULARITY OF SOLAR POWER

2.10.2.                RISING POPULARITY OF FLOATING WIND FARMS

2.11.            MARKET CHALLENGES

2.11.1.                DIFFICULTY IN INSTALLATION

3.    FLOATING POWER PLANT MARKET OUTLOOK - BY SOURCE

3.1. RENEWABLE POWER SOURCE

3.2. NON-RENEWABLE POWER SOURCE

4.    FLOATING POWER PLANT MARKET OUTLOOK - BY CAPACITY

4.1. 0MW-5MW CAPACITY FLOATING POWER PLANTS

4.2. 5.1MW-20MW CAPACITY FLOATING POWER PLANTS

4.3. 20.1MW-100MW CAPACITY FLOATING POWER PLANTS

4.4. 100.1MW-250MW CAPACITY FLOATING POWER PLANTS

4.5. ABOVE 250MW CAPACITY FLOATING POWER PLANTS

5.    FLOATING POWER PLANT MARKET - REGIONAL OUTLOOK

5.1. NORTH AMERICA

5.1.1.   MARKET BY SOURCE

5.1.2.   MARKET BY CAPACITY

5.1.3.   COUNTRY ANALYSIS

5.1.3.1.      UNITED STATES                                                    

5.1.3.2.      CANADA

5.2. EUROPE

5.2.1.   MARKET BY SOURCE

5.2.2.   MARKET BY CAPACITY

5.2.3.   COUNTRY ANALYSIS

5.2.3.1.      UNITED KINGDOM                                                

5.2.3.2.      GERMANY                                                   

5.2.3.3.      FRANCE                                                      

5.2.3.4.      ITALY                                                

5.2.3.5.      SPAIN                                                           

5.2.3.6.      RUSSIA                                                        

5.2.3.7.      REST OF EUROPE

5.3. ASIA-PACIFIC

5.3.1.   MARKET BY SOURCE

5.3.2.   MARKET BY CAPACITY

5.3.3.   COUNTRY ANALYSIS

5.3.3.1.      CHINA                                                          

5.3.3.2.      JAPAN                                                          

5.3.3.3.      INDIA                                                

5.3.3.4.      SOUTH KOREA                                                      

5.3.3.5.      ASEAN COUNTRIES                                                         

5.3.3.6.      AUSTRALIA & NEW ZEALAND                                                   

5.3.3.7.      REST OF ASIA-PACIFIC

5.4. LATIN AMERICA

5.4.1.   MARKET BY SOURCE

5.4.2.   MARKET BY CAPACITY

5.4.3.   COUNTRY ANALYSIS

5.4.3.1.      BRAZIL                                                         

5.4.3.2.      MEXICO                                                       

5.4.3.3.      REST OF LATIN AMERICA

5.5. MIDDLE EAST & AFRICA

5.5.1.   MARKET BY SOURCE

5.5.2.   MARKET BY CAPACITY

5.5.3.   COUNTRY ANALYSIS

5.5.3.1.      UNITED ARAB EMIRATES                                                           

5.5.3.2.      TURKEY                                                       

5.5.3.3.      SAUDI ARABIA                                                       

5.5.3.4.      SOUTH AFRICA                                                     

5.5.3.5.      REST OF MIDDLE EAST & AFRICA

6.    COMPETITIVE LANDSCAPE

6.1.   SEATWIRL AB

6.2.   FLOATING POWER PLANT

6.3.   UPSOLAR GLOBAL CO., LTD.

6.4.   CATERPILLAR, INC.

6.5.   KYOCERA CORPORATION

6.6.   MITSUBISHI CORPORATION

6.7.   VIKRAM SOLAR PVT. LTD.

6.8.   YINGLI GREEN ENERGY HOLDING COMPANY, LIMITED

6.9.   CIEL & TERRE INTERNATIONAL

6.10.  SIEMENS AG

6.11.   MAN DIESEL & TURBO SE

6.12.   IDEOL S.A.

6.13.   PRINCIPLE POWER, INC.

6.14.   GENERAL ELECTRIC

6.15.   WARTSILA CORPORATION

7.    METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: GLOBAL FLOATING POWER PLANT MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)      

TABLE 2: MARKET ATTRACTIVENESS INDEX          

TABLE 3: VENDOR SCORECARD        

TABLE 4: GLOBAL FLOATING POWER PLANT MARKET, BY SOURCE, 2019-2027, (IN $ MILLION)      

TABLE 5: GLOBAL FLOATING POWER PLANT MARKET, BY CAPACITY, 2019-2027, (IN $ MILLION)      

TABLE 6: GLOBAL FLOATING POWER PLANT MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)

TABLE 7: NORTH AMERICA FLOATING POWER PLANT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)        

TABLE 8: NORTH AMERICA FLOATING POWER PLANT MARKET, BY SOURCE, 2019-2027 (IN $ MILLION)   

TABLE 9: NORTH AMERICA FLOATING POWER PLANT MARKET, BY CAPACITY, 2019-2027 (IN $ MILLION)        

TABLE 10: EUROPE FLOATING POWER PLANT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)      

TABLE 11: EUROPE FLOATING POWER PLANT MARKET, BY SOURCE, 2019-2027 (IN $ MILLION)      

TABLE 12: EUROPE FLOATING POWER PLANT MARKET, BY CAPACITY, 2019-2027 (IN $ MILLION)      

TABLE 13: ASIA-PACIFIC FLOATING POWER PLANT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 14: ASIA-PACIFIC FLOATING POWER PLANT MARKET, BY SOURCE, 2019-2027 (IN $ MILLION)

TABLE 15: ASIA-PACIFIC FLOATING POWER PLANT MARKET, BY CAPACITY, 2019-2027 (IN $ MILLION)

TABLE 16: LATIN AMERICA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)           

TABLE 17: LATIN AMERICA FLOATING POWER PLANT MARKET, BY SOURCE, 2019-2027 (IN $ MILLION)   

TABLE 18: LATIN AMERICA FLOATING POWER PLANT MARKET, BY CAPACITY, 2019-2027 (IN $ MILLION)   

TABLE 19: MIDDLE EAST & AFRICA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)      

TABLE 20: MIDDLE EAST & AFRICA FLOATING POWER PLANT MARKET, BY SOURCE, 2019-2027 (IN $ MILLION)          

TABLE 21: MIDDLE EAST & AFRICA FLOATING POWER PLANT MARKET, BY CAPACITY, 2019-2027 (IN $ MILLION)

List of Figures

FIGURE 1: GLOBAL FLOATING POWER PLANT MARKET, BY SOURCE, 2018 & 2027 (IN %)           

FIGURE 2: GLOBAL NON-RENEWABLE POWER SOURCE MARKET, 2019 - 2027 (IN $ MILLION)      

FIGURE 3: GLOBAL ABOVE 250MW CAPACITY MARKET, 2019 - 2027 (IN $ MILLION)          

FIGURE 4: PORTER’S FIVE FORCE ANALYSIS        

FIGURE 5 REDUCTION IN COST OF ENERGY FROM OFFSHORE WIND PROJECTS (US$/MWH)  

FIGURE 6: GLOBAL FLOATING POWER PLANT MARKET, BY RENEWABLE POWER SOURCE, 2019-2027 (IN $ MILLION)

FIGURE 7: GLOBAL FLOATING POWER PLANT MARKET, BY NON-RENEWABLE POWER SOURCE, 2019-2027 (IN $ MILLION)     

FIGURE 8: GLOBAL FLOATING POWER PLANT MARKET, BY 0MW-5MW CAPACITY FLOATING POWER PLANTS, 2019-2027 (IN $ MILLION)  

FIGURE 9: GLOBAL FLOATING POWER PLANT MARKET, BY 5.1MW-20MW CAPACITY FLOATING POWER PLANTS, 2019-2027 (IN $ MILLION)     

FIGURE 10: GLOBAL FLOATING POWER PLANT MARKET, BY 20.1MW-100MW CAPACITY FLOATING POWER PLANTS, 2019-2027 (IN $ MILLION)     

FIGURE 11: GLOBAL FLOATING POWER PLANT MARKET, BY 100.1MW-250MW CAPACITY FLOATING POWER PLANTS, 2019-2027 (IN $ MILLION)     

FIGURE 12: GLOBAL FLOATING POWER PLANT MARKET, BY ABOVE 250MW CAPACITY FLOATING POWER PLANTS, 2019-2027 (IN $ MILLION)     

FIGURE 13: GLOBAL FLOATING POWER PLANT MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 14: UNITED STATES FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)           

FIGURE 15: CANADA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)         

FIGURE 16: UNITED KINGDOM FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)           

FIGURE 17: GERMANY FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)     

FIGURE 18: FRANCE FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)         

FIGURE 19: SPAIN FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)  

FIGURE 20: ITALY FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)   

FIGURE 21: RUSSIA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)           

FIGURE 22: REST OF EUROPE FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)      

FIGURE 23: INDIA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)   

FIGURE 24: JAPAN FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION) 

FIGURE 25: CHINA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION) 

FIGURE 26: SOUTH KOREA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)           

FIGURE 27: ASEAN COUNTRIES FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)      

FIGURE 28: AUSTRALIA & NEW ZEALAND FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)   

FIGURE 29: REST OF ASIA-PACIFIC FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)      

FIGURE 30: BRAZIL FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31: MEXICO FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)          

FIGURE 32: REST OF LATIN AMERICA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33: UNITED ARAB EMIRATES FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 34: TURKEY FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)         

FIGURE 35: SAUDI ARABIA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)           

FIGURE 36: SOUTH AFRICA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)           

FIGURE 37: REST OF MIDDLE EAST & AFRICA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)           

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