Market by Capacity, Source, and Country Outlook | Forecast 2023-2028
Triton’s report suggests that the floating power plant market in the Middle East and Africa is estimated to witness progress with a CAGR of 6.59% during the forecasted years 2023-2028.
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The
countries evaluated in the region comprise:
•       Â
United Arab Emirates
•       Â
Saudi Arabia
•       Â
Turkey
•       Â
South Africa
•       Â
Rest of Middle East & Africa
Growing investment in the renewable energy
sector is anticipated to be a major driving force in the floating power plant
market. As per the Arab Petroleum Investment Corp, the total investment in
renewables between 2019-2023 is estimated to be around 34% of the total
investment in the energy sector. Such a rise in investments creates novel
opportunities for the studied market. However, security concerns pertaining to
offshore power plants may create challenges for the market.
Saudi Arabia secures the majority of the shares
in the region’s market. Wind energy is considered an untapped potential clean
energy source. In this regard, the nation’s annual average onshore wind speeds
are around 6.0 and 8.0 m/s. Under Vision 2030, the nation aims to initiate new
projects to reduce dependency on fossil fuels and increase exports of domestic
hydrocarbons. For instance, more than 35 solar and wind farms are anticipated
to be established by 2030. Another development is the Plambeck Offshore
Floating Wind Farm, which is expected to be completed in the later part of the
forecast period. Therefore, all these factors are propelling the floating power
plant market on a progressive path.
Non-renewable sources such as nuclear energy are
used to generate power using gas turbines, IC engines, and others. They have
wide benefits, including ensuring a secure power supply during natural
disasters. As per estimates, nuclear plants generated approximately 24.6% of
the total electricity in Europe in 2020. This segment’s growth is anticipated
to be significant; however, it is expected to slow down by the end of the
forecast period, given the rise in demand for renewable sources.
The
studied market is segmented into source and capacity. The source segment is further bifurcated into
non-renewable and renewable.
The
prominent companies in the market include Siemens AG, Wartsila Corporation,
Vikram Solar Limited, MAN Energy Solutions SE, and Mitsubishi Corporation.
Siemens AG is a global technology company
engaged in electrification, automation, and digitalization. It specializes in
automation in manufacturing, intelligent infrastructure for buildings,
renewable power generation, and healthcare sectors. It functions via various
business segments and strategic companies. The company’s offering includes a
floating power plant for flexible and mobile power generation. Founded in 1847,
the company has operations across multiple regions, including the Middle East
and Africa.
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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 Middle East and Africa 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 Middle
East and Africa 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. MIDDLE
EAST AND AFRICA 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. RISNG
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. MIDDLE
EAST AND AFRICA 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. MIDDLE
EAST AND AFRICA FLOATING POWER PLANT MARKET – BY SOURCE
4.1. NON-RENEWABLE
POWER SOURCE
4.2. RENEWABLE
POWER SOURCE
5. MIDDLE
EAST AND AFRICA FLOATING POWER PLANT MARKET – BY COUNTRY OUTLOOK
5.1. UNITED
ARAB EMIRATES
5.1.1. UNITED
ARAB EMIRATES FLOATING POWER PLANT MARKET FORECAST & PROSPECTS
5.2. SAUDI
ARABIA
5.2.1. SAUDI
ARABIA FLOATING POWER PLANT MARKET FORECAST & PROSPECTS
5.3. TURKEY
5.3.1. TURKEY
FLOATING POWER PLANT MARKET FORECAST & PROSPECTS
5.4. SOUTH
AFRICA
5.4.1. SOUTH
AFRICA FLOATING POWER PLANT MARKET FORECAST & PROSPECTS
5.5. REST
OF MIDDLE EAST AND AFRICA
5.5.1. REST
OF MIDDLE EAST AND AFRICA 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: MIDDLE EAST AND
AFRICA 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: MIDDLE EAST AND
AFRICA FLOATING POWER PLANT MARKET, BY CAPACITY, 2023-2028 (IN $ MILLION)
TABLE 8: MIDDLE EAST AND
AFRICA FLOATING POWER PLANT MARKET, BY SOURCE, 2023-2028 (IN $ MILLION)
TABLE 9: MIDDLE EAST
AND AFRICA FLOATING POWER PLANT MARKET, BY COUNTRY OUTLOOK, 2023-2028 (IN $
MILLION)
FIGURE 1: INDUSTRY
COMPONENTS
FIGURE 2: MIDDLE EAST AND
AFRICA FLOATING POWER PLANT MARKET, BY CAPACITY, 2022 & 2028 (IN %)
FIGURE 3: MIDDLE EAST AND
AFRICA FLOATING POWER PLANT MARKET, BY 0 MW- 5 MW, 2023-2028 (IN $ MILLION)
FIGURE 4: MIDDLE EAST AND
AFRICA FLOATING POWER PLANT MARKET, BY 5.1 MW- 20 MW, 2023-2028 (IN $ MILLION)
FIGURE 5: MIDDLE EAST AND
AFRICA FLOATING POWER PLANT MARKET, BY 20 MW- 100 MW, 2023-2028 (IN $ MILLION)
FIGURE 6: MIDDLE EAST AND
AFRICA FLOATING POWER PLANT MARKET, BY 100.1 MW- 250 MW, 2023-2028 (IN $
MILLION)
FIGURE 7: MIDDLE EAST AND
AFRICA FLOATING POWER PLANT MARKET, BY ABOVE 250 MW, 2023-2028 (IN $ MILLION)
FIGURE 8: MIDDLE EAST AND
AFRICA FLOATING POWER PLANT MARKET, BY SOURCE, 2022 & 2028 (IN %)
FIGURE 9: MIDDLE EAST AND
AFRICA FLOATING POWER PLANT MARKET, BY NON-RENEWABLE POWER SOURCE, 2023-2028
(IN $ MILLION)
FIGURE 10: MIDDLE EAST AND
AFRICA FLOATING POWER PLANT MARKET, BY RENEWABLE POWER SOURCE, 2023-2028 (IN $
MILLION)
FIGURE 11: UNITED ARAB
EMIRATES FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)
FIGURE 12: SAUDI ARABIA
FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)
FIGURE 13: TURKEY
FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)
FIGURE 14: SOUTH AFRICA
FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)
FIGURE 15: REST OF
MIDDLE EAST AND AFRICA FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)