Floating Power Plant Market Size and Industry Estimated to Rise Profitably with CAGR 10.35% during Forecast Period 2017-2023Floating Power Plant Market Size and Industry Estimated to Rise Profitably with CAGR 10.35% during Forecast Period 2017-2023

Market Research Analysis
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.

The Global Floating Power Plant Market is expected to grow at CAGR of around 10.35% during the forecast period.

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 )
• ROSATOM State Atomic Energy Corporation (Russia).

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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.

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.

Asia-Pacific and Europe is expected to follow the Rest of the World region as these regions have initiated several projects & schemes to promote and encourage the generation from floating power plants.

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List of Tables
Table 1 Market Synopsis 11
Table 2 Global Floating Power Plant Market, By Power Plant Type, 2015-2023 (Usd Million)
Table 3 Global Floating Power Plant Market, By Platform Type, 2015-2023 (Usd Million)
Table 4 Asia-Pacific: Global Floating Power Plant Market, By Country, 2015-2023
Table 5 Asia-Pacific: Global Floating Power Plant Market, By Platform Type, 2015-2023
Table 6 Asia-Pacific: Global Floating Power Plant Market, By Power Plant Type, 2015-2023
Table 7 China: Global Floating Power Plant Market, By Platform Type, 2015-2023 (Usd Million)
Table 8 China: Global Floating Power Plant Market, By Power Plant Type, 2015-2023
Table 9 Japan: Global Floating Power Plant Market, By Platform Type, 2015-2023
Table 10 Japan: Global Floating Power Plant Market, By Power Plant Type, 2015-2023
Table 11 India: Global Floating Power Plant Market, By Platform Type, 2015-2023
Table 12 India: Global Floating Power Plant Market, By Power Plant Type, 2015-2023
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List of Figures
Figure 1 Research Process Of Mrfr 14
Figure 2 Top Down & Bottom Up Approach 16
Figure 3 Forecast Model For Floating Power Plants 17
Figure 4 Drivers, Restraints, And Opportunities Of Global Floating Power Plant Market 18
Figure 5 Growth Drivers: Impact Analysis 20
Figure 6 Growth Barriers: Impact Analysis 21
Figure 7 Porter's 5 Forces Analysis Of Global Floating Power Plant Market 23
Figure 8 Global Floating Power Plant Market Share, By Power Plant Type, 2016 (% Share) 28
Figure 9 Global Floating Power Plant Market Share, By Platform Type, 2016 (% Share) 33
Figure 10 Global Floating Power Plant Market, By Region, 2016 (% Share) 36
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