Market by Capacity, Source, and Country Outlook | Forecast 2023-2028
Based on Triton Market Research’s report, the floating power plant market in Latin America is estimated to showcase growth at a compound annual growth rate of 4.49% during the forecast years from 2023 to 2028.
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The
countries evaluated in the region are:
•
Brazil
•
Chile
•
Rest of Latin America
In the region, governments are striving to
augment the use of renewable sources for energy generation. This has led to a
rise in green projects, attracting various international energy companies to
invest in the region. In this regard, the competitiveness of floating solar
power plants has surged across various nations, including Brazil and Mexico.
These factors are expected to significantly fuel the floating power plant
market’s expansion across Latin America. However, under-developed
infrastructure could pose challenges for the regional market.
Brazil
captures the largest market share in the region. This growth can be attributed to the rising
focus on renewable energy, such as offshore wind energy. In 2021, the
government introduced a regulatory framework that set a milestone for offshore
wind energy, which spiked interest among offshore wind energy companies. By
2022, a decree was passed that enabled the use of natural resources to generate
electricity from offshore plants. Hence, such developments significantly
accelerate the progression of the floating power plant market.
Furthermore, as per World Bank, Brazil’s
offshore technology potential is around 1,228 GW. Since players seek to invest
in offshore projects, this potential may create growth opportunities for the
floating power plant market over the forecast period.
Gas turbines, IC engines, and others with
capacities between 5.1 MW to 20 MW generate energy using various renewable and
non-renewable sources. This capacity offers benefits such as a secured power
supply during disasters. Moreover, they are used for distributed energy
generation, providing electricity supply to areas with limited infrastructure. The studied market’s growth is determined
based on capacity and source. The capacity section includes 5.1 MW-20 MW,
100.1 MW-250 MW, 0 MW-5 MW, 20 MW-100 MW, and above 250 MW.
The
key companies listed in the market include Mitsubishi Corporation, Wartsila
Corporation, Vikram Solar Limited, Siemens AG, and MAN Energy Solutions SE.
Wartsila Corporation offers technologies and
lifecycle solutions for the marine and energy sectors. It operates through
various business units, including marine power, marine systems, voyage, and
energy. Its product line includes floating power plants that are linked to a
grid to help during power shortages. Wartsila has a sales and service network
in more than 200 locations across Latin America, Europe, etc.
Key deliverables of the report:
● Market CAGR during the forecasting years 2023-2028
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the floating power plant market revenue growth in Latin America and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces
●
A wide-ranging study of factors that will challenge the LA
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.
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VIEW REPORT1. LATIN
AMERICA 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. LATIN
AMERICA 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. LATIN
AMERICA FLOATING POWER PLANT MARKET – BY SOURCE
4.1. NON-RENEWABLE
POWER SOURCE
4.2. RENEWABLE
POWER SOURCE
5. LATIN
AMERICA FLOATING POWER PLANT MARKET – BY COUNTRY OUTLOOK
5.1. BRAZIL
5.1.1. BRAZIL
FLOATING POWER PLANT MARKET FORECAST & PROSPECTS
5.2. CHILE
5.2.1. CHILE
FLOATING POWER PLANT MARKET FORECAST & PROSPECTS
5.3. REST
OF LATIN AMERICA
5.3.1. REST
OF LATIN AMERICA 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. WARTSILA
CORPORATION
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: LATIN AMERICA
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: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY CAPACITY, 2023-2028 (IN $ MILLION)
TABLE 8: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY SOURCE, 2023-2028 (IN $ MILLION)
TABLE 9: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY COUNTRY OUTLOOK, 2023-2028 (IN $ MILLION)
FIGURE 1: INDUSTRY
COMPONENTS
FIGURE 2: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY CAPACITY, 2022 & 2028 (IN %)
FIGURE 3: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY 0 MW- 5 MW, 2023-2028 (IN $ MILLION)
FIGURE 4: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY 5.1 MW- 20 MW, 2023-2028 (IN $ MILLION)
FIGURE 5: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY 20 MW- 100 MW, 2023-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY 100.1 MW- 250 MW, 2023-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY ABOVE 250 MW, 2023-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY SOURCE, 2022 & 2028 (IN %)
FIGURE 9: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY NON-RENEWABLE POWER SOURCE, 2023-2028 (IN $
MILLION)
FIGURE 10: LATIN
AMERICA FLOATING POWER PLANT MARKET, BY RENEWABLE POWER SOURCE, 2023-2028 (IN $
MILLION)
FIGURE 11: BRAZIL
FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)
FIGURE 12: CHILE
FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)
FIGURE 13: REST OF
LATIN AMERICA FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)