MIDDLE EAST & AFRICA FLOATING POWER PLANT MARKET 2019-2027

Energy, Power & Utilities | Power

MIDDLE EAST & AFRICA FLOATING POWER PLANT MARKET 2019-2027

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

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As per Triton's report, the Middle East & Africa floating power plant market is anticipated to witness an upsurge with a CAGR of 7.36% in the forecasting years of 2019-2027.

The report on the Middle East & Africa’s floating power plant market considers the countries of:

•    The United Arab Emirates    

•    Turkey    

•    Saudi Arabia    

•    South Africa    

•    Rest of Middle East & Africa

Middle East & Africa floating power plant market is anticipated to witness an upsurge with a CAGR of 7.36% in the forecasting years of 2019-2027.

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The boom of the floating power plant market in the Middle East & Africa region is backed by the ongoing projects for the deployment of floating power plant stations in the region. The UAE has already developed artificial islands and is expected to increase the deployment of floating power plant on these artificial islands and elsewhere so as to fulfil the power need. This, along with a push from the government for solar energy utilization for electricity production, will help the market to prosper in this region. Turkey’s first floating solar plant was established by Istanbul Energy and the Istanbul Water and Sewage Department (ISKI) in 2017 on lake Buyukcekmece. The plant consists of a total 960 multi-crystalline modules with 260 watts of nominal power. 

Saudi Arabia has recently introduced a transformation program with regard to the energy sector, in order to improve energy efficiency. This is in line with the Saudi Vision 2030 program. This is expected to ultimately foster the growth of floating power plant market in Saudi Arabia. Farmers in South Africa’s Western Cape have constructed the first commercial floating solar park in Africa, which lets them effectively deal with problems such as load-shedding and drought. Similar projects have been envisioned to develop in the near future, which will provide a boost to the floating power plant market in South Africa.


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Table of Content

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 - MIDDLE EAST & AFRICA

5.1. UNITED ARAB EMIRATES         

5.2. TURKEY     

5.3. SAUDI ARABIA      

5.4. SOUTH AFRICA    

5.5. REST OF MIDDLE EAST AND AFRICA

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

List of table

TABLE 1: MIDDLE EAST & AFRICA FLOATING POWER PLANT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)          

TABLE 2: MARKET ATTRACTIVENESS INDEX          

TABLE 3: VENDOR SCORECARD                    

TABLE 4: MIDDLE EAST & AFRICA FLOATING POWER PLANT MARKET, BY SOURCE, 2019-2027 (IN $ MILLION)          

TABLE 5: MIDDLE EAST & AFRICA FLOATING POWER PLANT MARKET, BY CAPACITY, 2019-2027 (IN $ MILLION)           

List of Figures

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

FIGURE 2: MIDDLE EAST & AFRICA NON-RENEWABLE POWER SOURCE MARKET, 2019-2027 (IN $ MILLION)          

FIGURE 3: MIDDLE EAST & AFRICA 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: MIDDLE EAST & AFRICA FLOATING POWER PLANT MARKET, BY RENEWABLE POWER SOURCE, 2019-2027 (IN $ MILLION)

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

FIGURE 8: MIDDLE EAST & AFRICA FLOATING POWER PLANT MARKET, BY MW-5MW CAPACITY FLOATING POWER PLANTS, 2019-2027 (IN $ MILLION)        

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

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

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

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

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

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

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

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

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

FIGURE 18: REST OF MIDDLE EAST & AFRICA FLOATING POWER PLANT MARKET, 2019-2027 (IN $ MILLION)           

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