Market By Source, Capacity And Geography | Forecast 2019-2027
As per Triton, the floating power plant market in Latin America is expected to proliferate with a CAGR of 6.92% in the forecast period of 2019-2027.
The report on the Latin America floating power plant market consists of the following countries:
• Brazil
• Mexico
• Rest of Latin America
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The floating power plant market in Latin America is primarily driven by the ongoing government initiatives and private projects for the deployment of floating power plants. Since the last few years, the government of Brazil has made strategic plans to incorporate floating power plants in the country, which directly impacts the floating power plant market in this region during the forecast period. Mexico has revised its energy laws, which has paved way for a new electricity market, thus allowing the private sector to freely participate in the generation and sale of electricity. The market scenario has changed, owing to the new strategy that mainly targets private and international investors. Rest of Latin America comprises the countries of Colombia and Venezuela, among others. The Colombian utility ‘Empresas Publicas de Medelin (EPM)’ has planned to develop a floating solar power plant at the El Penol reservoir in eastern Antioquia, Colombia, which is estimated to be a 100 kW capacity pilot plant. Under the Venezuelan Power Barge Project, Waller Marine, Inc., a Venezuela-based company has installed a floating power generation barges at Tacao, Venezuela which was in operation till 2017.
There are certain criteria to be taken into consideration before buying a floating power plant. The size of the plant is expected to be the major buying criterion for the floating power plant market as the plant size decides the cost of the solution and raw material/parts needed for the plant. Type of the floating power plant also plays an important role in the buying criteria in the floating power plant market. A floating power plant can be renewable and non-renewable depending upon the source of energy such as LNG, nuclear, solar, wind and others. Type of plant selection is made based on the cost any consumer invests, resource available in the region and the size of the plant. The cost of installation of the floating power plant vastly differs on the basis of the type of plant and size of the plant. Generally, the installation cost of solar and wind energy floating power plants are higher than nuclear and LNG floating power plant.
1. 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 - LATIN AMERICA
5.1. BRAZIL
5.2. MEXICO
5.3. REST
OF LATIN AMERICA
6. COMPETITIVE
LANDSCAPE
6.1. COMPANY PROFILE
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
TABLE 1: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 2: MARKET ATTRACTIVENESS
INDEX
TABLE 3: VENDOR SCORECARD
TABLE 4: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY SOURCE, 2019-2027 (IN $ MILLION)
TABLE 5: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY CAPACITY, 2019-2027 (IN $ MILLION)
FIGURE 1: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY SOURCE, 2018 & 2027 (IN %)
FIGURE 2: LATIN AMERICA
NON-RENEWABLE POWER SOURCE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 3: LATIN AMERICA ABOVE
250MW CAPACITY MARKET, 2019-2027 (IN $ MILLION)
FIGURE 4: PORTER’S FIVE FORCE
ANALYSIS
FIGURE 5 REDUCTION IN COST OF
ENERGY FROM OFF-SHORE WIND PROJECTS (US$/MWH)
FIGURE 6: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY RENEWABLE POWER SOURCE, 2019-2027 (IN $
MILLION)
FIGURE 7: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY NON-RENEWABLE POWER SOURCE, 2019-2027 (IN $
MILLION)
FIGURE 8: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY MW-5MW CAPACITY FLOATING POWER PLANTS,
2019-2027 (IN $ MILLION)
FIGURE 9: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY 5.1MW-20MW CAPACITY FLOATING POWER PLANTS,
2019-2027 (IN $ MILLION)
FIGURE 10: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY 20.1MW-100MW CAPACITY FLOATING POWER PLANTS,
2019-2027 (IN $ MILLION)
FIGURE 11: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY 100.1MW-250MW CAPACITY FLOATING POWER PLANTS,
2019-2027 (IN $ MILLION)
FIGURE 12: LATIN AMERICA
FLOATING POWER PLANT MARKET, BY ABOVE 250MW CAPACITY FLOATING POWER PLANTS,
2019-2027 (IN $ MILLION)
FIGURE 13: LATIN AMERICA
FLOATING POWER PLANT MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)
FIGURE 14: BRAZIL FLOATING
POWER PLANT MARKET, 2019-2027 (IN $ MILLION)
FIGURE 15: MEXICO FLOATING
POWER PLANT MARKET, 2019-2027 (IN $ MILLION)
FIGURE 16: REST OF LATIN
AMERICA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)