Floating Power Plant Market Global Top Key Players: MAN Diesel & Turbo (Germany), Karadeniz Holding A.Ş.( Turkey), Vikram Solar Pvt. Ltd. (India), Ciel & Terre International (France), Waller Marine, Inc.(U.S.).

Market Scenario:

Floating power plant plays a crucial role in electricity generation at remote areas where power generation is restricted due to scarcity of land mass. Shortage of electricity or the lack of access is one of the major development hurdles faced by many regions in developing countries. Moreover, in many countries, certain regions are not connected with their national distribution grid and off grid power is their only source of energy. In addition to that, growing concern about climate change and global warming are increasingly forcing nations to switch to renewable energy sources to meet their respective climate change targets.

The market is driven by various factors such as the need for uninterrupted electricity supply is growing because of the rising world population, climbing income levels and industrialization, huge land area is necessary for the construction of coal, wind and solar power plants which has constraints in many countries, these factors are expected to drive the market for floating power plant in near future. However, the high capital cost of floating power plant and the high level of complexity involved in the design of the systems, will act as restrains for the floating power plant market, globally.

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Top Key Players:

The key players of global floating power plant market are MAN Diesel & Turbo (Germany), Karadeniz Holding A.Ş.( Turkey), Vikram Solar Pvt. Ltd. (India), Ciel & Terre International (France), Waller Marine, Inc.(U.S.), Power Barge Corporation (U.S.), Floating Power Plant A/S (Denmark), Principle Power, Inc.(U.S.), Wartsilä (Finland), Kyocera TCL Solar (Japan )and ROSATOM State Atomic Energy Corporation (Russia).

The key players adopted various strategies to retain and/or expand their market share. The key strategies followed by most companies within the global floating power plant market were partnerships & collaborations followed by the product launch.

Market Segmentation:

Based on regions, Rest of the World is projected to dominate the market during the forecast period. The major factors driving the growth of the market here are the increasing demand for energy from growing population, developing economies with major scarcity for land and increased commitment towards deploying renewable energy resources. Moreover, substantial growth is expected in regions such as, North America, Middle East and Africa, as these region are rapidly increasing their power generation capacity. Technological advancements and favorable geographic areas & coast lines in these region, are further driving the market for floating power plants in the region.

Major Points of TOC:-

1 Executive Summary

2 Introduction

2.1 Definition 12

2.2 Scope Of The Study 12

2.3 Assumptions 12

2.4 Market Structure 13



3 Research Methodology

3.1 Research Process 14

3.2 Primary Research 15

3.3 Secondary Research 15

3.4 Market Size Estimation 15

3.5 Forecast Model 17

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4 Market Dynamics

4.1 Drivers 19

4.1.1 Advantageous Over Conventional Land-Based Power Plants 19

4.1.2 Lack Of Power Infrastructure In Remote Locations 19

4.1.3 Growing Demand For Clean Energy 19

4.2 Growth Drivers: Impact Analysis 20

4.3 Restraints 20

4.3.1 High Capital Cost Of Offshore Power Infrastructure 20

4.3.2 Access To Offshore Installations 20

4.4 Growth Barriers: Impact Analysis 21

4.5 Opportunity 22

4.5.1 R&D In Floating Power Plants 22

To be continued.....


Global Floating Power Plant Market:

Currently, market for floating power plants is growing, especially by the renewable energy source types such as solar, wind and wave power. One of the advantages of these floating power plant systems is their ability to be relocated to any location where there is a demand for power. This will also enable electricity to be cheaper, which will result in its strong growth. Floating power plants are a safe and efficient power source for remote islands and they are less susceptible to natural disasters.

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