Market By Source, Capacity And Geography | Forecast 2019-2027
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
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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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VIEW REPORT1. 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
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)
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)