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Floating Power Plant Market Exhibits Higher Growth Prospects during 2018-2028 | Key Players are General Electric (GE) Ltd., Caterpillar, Inc., Floating Power Plant A/S, and Wartsila

07-19-2019 02:49 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Worldwide Market Reports

Floating Power Plant

Floating Power Plant

The global Floating Power Plant market was estimated at USD$ 817.1 million in 2016, and is anticipated to reach USD$ 1321.9 million by 2021, expanding at a CAGR of 10.1% between 2017 and 2021. The world's first successfully offshore-tested combined wind and wave device. The P80 is a floating platform that hosts a single wind turbine ranging from 5 MW to 8 MW. The platform integrates 2 MW to 3.6 MW wave power dependent on the wave resource.

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The platform is moored at a single point allowing the P80 to passively rotate to face the waves securing a safe offshore boat landing and transfer aft of the platform. The platform rotation is secured via the high wave absorption of 60-80% of the inherent energy in the waves.

Globally, the need for uninterrupted electricity supply is growing because of the rising world population, climbing income levels and industrialization. Enabling the remote regions, with power by constructing new power generation facilities is very difficult as it involves high capital cost and several environmental concerns. Also, huge land area is necessary for the construction of coal, wind and solar power plants which has constraints in many countries. Floating power plants can help overcome this challenge and can provide power continuously with the ability to be relocated. 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.

The adoption of floating panels in Japan is high, as the country is densely populated with low land availability for installation of solar energy plants. Furthermore, lack of natural resources coupled with high dependence of the country on renewable power generation for meeting its energy requirements is expected to propel market growth.

The technology is expected to foresee abundant growth over the forecast period on account of rapid demand primarily in Asia Pacific. Rising installations in China and Japan coupled with upcoming commercial projects in India is likely to fuel growth over the projected period. Also … the market is expected to grow in developed countries like the U.S., Canada, France, The Netherlands and Germany owing to regulations promoting the use of solar energy for electricity generation.

Floating Power Plant Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).

The report firstly introduced the Floating Power Plant basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

Table of Contents

Part I Floating Power Plant Industry Overview
Chapter One Floating Power Plant Industry Overview
Chapter Two Floating Power Plant Up and Down Stream Industry Analysis
Chapter Three Asia Floating Power Plant Market Analysis
Chapter Four 2014-2019 Asia Floating Power Plant Productions Supply Sales Demand Market Status and Forecast
Chapter Five Asia Floating Power Plant Key Manufacturers Analysis
5.1 Company A
5.1.1 Company Profile
5.1.2 Product Picture and Specification
5.1.3 Product Application Analysis
5.1.4 Capacity Production Price Cost Production Value
5.1.5 Contact Information
5.2 Company B
5.2.1 Company Profile
5.2.2 Product Picture and Specification
5.2.3 Product Application Analysis
Chapter Six Asia Floating Power Plant Industry Development Trend
Chapter Seven North American Floating Power Plant Market Analysis
Chapter Eight 2014-2019 North American Floating Power Plant Productions Supply Sales Demand Market Status and Forecast
Chapter Nine North American Floating Power Plant Key Manufacturers Analysis
Chapter Ten North American Floating Power Plant Industry Development Trend

Else place an Inquire before Purchase “Global Floating Power Plant Market Size, Status and Forecast 2024: www.worldwidemarketreports.com/quiry/273165

Contact Us:

Mr. Shah
Worldwide Market Reports
Tel: +1 415 871 0703
Email:sales@worldwidemarketreports.com

About Us:

Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends. Worldwide Market Research’s well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future.

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