Press release
Floating Power Plant Market Size, Share and 2023 Emerging Technologies | Global Industry Historical Analysis and Latest Innovations 2018
A floating power plant is a revolutionary step in enabling power to remote areas by overcoming the perennial problem of land availability. The growth of floating power plant market is due to various factors such as the rising demand for power because of growing population, no need for acquisition of large land areas, increased government initiatives, and technological advancements and increasing investment by major players into the installation and development of floating solar panels. The usage of floating power plants is found to improve the efficiencies of renewable energy systems such of solar and wind. Moreover the rising demand for power and clean energy, will boost the growth of remote areas, thereby directly propelling the demand for floating power plants. However, the high cost of installation & maintenance and the lack of global service providers in the floating power plant market is expected to hinder the growth of the market.
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Industry/ Innovation/ Related News:-
January 22, 2018 – Masdar (Abu Dhabi) – an energy company announced that it has signed an offshore wind energy storage pact with Norwegian multinational Statoil. The deal will see both firms analyse data from Batwind, an integrated storage system designed for Hywind Scotland, the first commercial-scale floating windfarm that was inaugurated by Masdar and Staoil off Scotland last October. The plan is to explore the battery’s potential for further applications and business opportunities.
January 22, 2018 – China’s National Energy Administration published its official solar statistics for 2017 revealing that the country had installed a total of 52.83 gigawatts worth of new solar floating plant in 2017.
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).
Scope of the Report:
This study provides an overview of the global floating power plant market, tracking two market segments across three geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global floating power plant market by power plant type, by platform type and by regions.
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Market Research Analysis:
Floating Structures are Expected to Grow at the Fastest Rate:
Based on the power plant platform type, the floating structures market is expected to grow the fastest during the forecast period. The rapid development in solar panel technology, wind technology and wind & wave technology coupled with government incentives for renewable energy power is expected to drive this segment. A major advantage of the floating structure is the compact design and high strength, which helps them withstand in various water levels in all conditions. Floating Structures accounted for the largest market share of 67.14% in 2016 and is projected to grow at the highest rate during the forecast period.
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