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The Global Floating Power Plant market is expected to reach $2,306.76 million by 2026 growing at a CAGR of 12.5% during 2019 to 2026. A floating power plant, having a power generation capacity is made out of an existing cargo ship. Generally, floating power plants are usually self-propelled and can go overseas and connect to the national grid, wherever required. Floating power plant can be a potential alternative for land-based power plants as these kinds of power plants can cater to increasing power demand, especially in remote and rural areas. Factors such as increasing demand for power coupled with the lack of power infrastructure, benefits over land based power plants, and demand for clean energy are driving the market growth. Though, high capital cost associated with transportation, logistics, and accessibility issues is restraining the market. Developments in floating wind farms and R&D in floating power plants are the opportunities for the Floating Power Plant market. Based on capacity, the 20.1 MW–100 MW segment is anticipated to grow at a significant rate during the forecast period owing to the growing number of renewable energy-based FPP projects. Moreover, the installation of the HDPE plastic floating platform for the project proves to be eco-friendly and not dangerous to aquatic animals. Such initiatives will encourage the participation of several manufacturers, signing new projects for constructing FPPs in the medium power range. The key vendors mentioned are Siemens AG, Wärtsilä Corporation, General Electric, Iberdrola S.A, Caterpillar Inc., MAN Diesel and Turbo SE, Mitsubishi Corporation, Ciel & Terre International, Floating Power Plant A/S, Kyocera Corporation, Principle Power, Inc., STX Corporation, Yingli Green Energy Holding Company Limited, Upsolar Global Co., Ltd, Seatwirl AB, and Vikram Solar Pvt. Ltd. Platforms Covered: • Floating Structure • Power Barge/Ship Power Sources Covered: • Gas Turbine • Internal Combustion (IC) Engine • Nuclear • Solar • Wave & Tidal • Wind Capacities Covered: • 1 MW–5 MW • 5.1 MW–20 MW • 20.1 MW–100 MW • 100.1 MW–250 MW • Above 250 MW Applications Covered: • On-grid • Off-grid Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2018 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Floating Power Plant Market, By Platform
5.1 Introduction
5.2 Floating Structure
5.3 Power Barge/Ship
6 Global Floating Power Plant Market, By Power Source
6.1 Introduction
6.2 Gas Turbine
6.3 Internal Combustion (IC) Engine
6.4 Nuclear
6.5 Solar
6.6 Wave & Tidal
6.7 Wind
7 Global Floating Power Plant Market, By Capacity
7.1 Introduction
7.2 1 MW–5 MW
7.3 5.1 MW–20 MW
7.4 20.1 MW–100 MW
7.5 100.1 MW–250 MW
7.6 Above 250 MW
8 Global Floating Power Plant Market, By Application
8.1 Introduction
8.2 On-grid
8.3 Off-grid
9 Global Floating Power Plant Market, By Geography
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 South America
9.6 Middle East & Africa
10 Strategic Benchmarking
11 Vendors Landscape
11.1 Siemens AG
11.2 Wärtsilä Corporation
11.3 General Electric
11.4 Iberdrola S.A
11.5 Caterpillar Inc.
11.6 MAN Diesel and Turbo SE
11.7 Mitsubishi Corporation
11.8 Ciel & Terre International
11.9 Floating Power Plant A/S
11.10 Kyocera Corporation
11.11 Principle Power, Inc.
11.12 STX Corporation
11.13 Yingli Green Energy Holding Company Limited
11.14 Upsolar Global Co., Ltd
11.15 Seatwirl AB
11.16 Vikram Solar Pvt. Ltd.
List of Data Tables
1 Global Floating Power Plant Market Outlook, By Region (2018-2026) ($MN)
2 Global Floating Power Plant Market Outlook, By Platform (2018-2026) ($MN)
3 Global Floating Power Plant Market Outlook, By Floating Structure (2018-2026) ($MN)
4 Global Floating Power Plant Market Outlook, By Power Barge/Ship (2018-2026) ($MN)
5 Global Floating Power Plant Market Outlook, By Power Source (2018-2026) ($MN)
6 Global Floating Power Plant Market Outlook, By Gas Turbine (2018-2026) ($MN)
7 Global Floating Power Plant Market Outlook, By Internal Combustion (IC) Engine (2018-2026) ($MN)
8 Global Floating Power Plant Market Outlook, By Nuclear (2018-2026) ($MN)
9 Global Floating Power Plant Market Outlook, By Solar (2018-2026) ($MN)
10 Global Floating Power Plant Market Outlook, By Wave & Tidal (2018-2026) ($MN)
11 Global Floating Power Plant Market Outlook, By Wind (2018-2026) ($MN)
12 Global Floating Power Plant Market Outlook, By Capacity (2018-2026) ($MN)
13 Global Floating Power Plant Market Outlook, By 1 MW–5 MW (2018-2026) ($MN)
14 Global Floating Power Plant Market Outlook, By 5.1 MW–20 MW (2018-2026) ($MN)
15 Global Floating Power Plant Market Outlook, By 20.1 MW–100 MW (2018-2026) ($MN)
16 Global Floating Power Plant Market Outlook, By 100.1 MW–250 MW (2018-2026) ($MN)
17 Global Floating Power Plant Market Outlook, By Above 250 MW (2018-2026) ($MN)
18 Global Floating Power Plant Market Outlook, By Application (2018-2026) ($MN)
19 Global Floating Power Plant Market Outlook, By On-grid (2018-2026) ($MN)
20 Global Floating Power Plant Market Outlook, By Off-grid (2018-2026) ($MN)
21 North America Floating Power Plant Market Outlook, By Platform (2018-2026) ($MN)
22 North America Floating Power Plant Market Outlook, By Power Source (2018-2026) ($MN)
23 North America Floating Power Plant Market Outlook, By Capacity (2018-2026) ($MN)
24 North America Floating Power Plant Market Outlook, By Application (2018-2026) ($MN)
25 Europe Floating Power Plant Market Outlook, By Platform (2018-2026) ($MN)
26 Europe Floating Power Plant Market Outlook, By Power Source (2018-2026) ($MN)
27 Europe Floating Power Plant Market Outlook, By Capacity (2018-2026) ($MN)
28 Europe Floating Power Plant Market Outlook, By Application (2018-2026) ($MN)
29 Asia Pacific Floating Power Plant Market Outlook, By Platform (2018-2026) ($MN)
30 Asia Pacific Floating Power Plant Market Outlook, By Power Source (2018-2026) ($MN)
31 Asia Pacific Floating Power Plant Market Outlook, By Capacity (2018-2026) ($MN)
32 Asia Pacific Floating Power Plant Market Outlook, By Application (2018-2026) ($MN)
33 South America Floating Power Plant Market Outlook, By Platform (2018-2026) ($MN)
34 South America Floating Power Plant Market Outlook, By Power Source (2018-2026) ($MN)
35 South America Floating Power Plant Market Outlook, By Capacity (2018-2026) ($MN)
36 South America Floating Power Plant Market Outlook, By Application (2018-2026) ($MN)
37 Middle East & Africa Floating Power Plant Market Outlook, By Platform (2018-2026) ($MN)
38 Middle East & Africa Floating Power Plant Market Outlook, By Power Source (2018-2026) ($MN)
39 Middle East & Africa Floating Power Plant Market Outlook, By Capacity (2018-2026) ($MN)
40 Middle East & Africa Floating Power Plant Market Outlook, By Application (2018-2026) ($MN)