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Report
Global Floating Power Plant Market Forecast 2023-2028
Market Report I 2023-04-17 I 237 Pages I Inkwood Research
KEY FINDINGS
The global floating power plant market is projected to record a 10.74% CAGR during the forecast period, 2023-2028. Surging demand for clean energy and government investments in the energy industry are driving the global market growth.
MARKET INSIGHTS
Floating power plants are power generation facilities situated on floating platforms on bodies of water, serving as primary or emergency energy sources for specific locations. These plants utilize both renewable (for instance, solar, wind) and non-renewable (for instance, diesel, liquefied natural gas, thermal, nuclear) energy sources. A key advantage of floating power plants is their relocatable nature, making them an ideal temporary solution to address local power shortages.
As corporations increasingly adopt renewable energy sources like solar and wind for power generation, the market landscape has evolved significantly. Driven by the growing demand for clean energy and numerous benefits compared to land-based power plants, the floating power plant market in the region is anticipated to continue its expansion during the forecast period.
REGIONAL INSIGHTS
The global floating power plant market is divided into Asia-Pacific, North America, Europe, and Rest of World. Asia-Pacific is anticipated to dominate the market due to several development projects and the presence of multiple global players and emerging companies. These factors are expected to propel the market during the forecast period.
COMPETITIVE INSIGHTS
In the current developmental stage, the competitive landscape is characterized by a moderate threat of rivalry, with a limited number of small-scale players. These companies strive to gain an edge by offering products with similar attributes, prices, or functionalities at more competitive rates.
Some of the major market players include BW Ideol, General Electric, Wartsila Corporation, Karpowership, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
2.4.1. IMPACT OF COVID-19
2.5. MAJOR MARKET FINDINGS
2.5.1. GROWING NUMBER OF RENEWABLE ENERGY PROJECTS
2.5.2. RISE IN TREND FOR OFFSHORE WIND PROJECT
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. SURGING DEMAND FOR CLEAN ENERGY
3.1.2. GOVERNMENT INVESTMENTS IN THE ENERGY INDUSTRY
3.2. KEY RESTRAINTS
3.2.1. HIGH PROJECT COSTS
3.2.2. TECHNICAL CHALLENGES INVOLVED IN FLOATING POWER PLANTS
4. KEY ANALYTICS
4.1. ASSESSMENT OF SHIP-BASED FLOATING POWER PLANTS
4.1.1. DEVELOPMENTS RELATED TO SHIP-BASED FLOATING POWER PLANTS
4.2. KEY MARKET TRENDS
4.3. PORTER'S FIVE FORCES ANALYSIS
4.3.1. BUYERS POWER
4.3.2. SUPPLIERS POWER
4.3.3. SUBSTITUTION
4.3.4. NEW ENTRANTS
4.3.5. INDUSTRY RIVALRY
4.4. GROWTH PROSPECT MAPPING
4.5. MARKET MATURITY ANALYSIS
4.6. MARKET CONCENTRATION ANALYSIS
4.7. VALUE CHAIN ANALYSIS
4.7.1. RAW MATERIALS & COMPONENT SUPPLIERS
4.7.2. OEMS
4.7.3. EPC COMPANIES & DEVELOPERS
5. MARKET BY SOURCE
5.1. RENEWABLE POWER SOURCE
5.1.1. MARKET FORECAST FIGURE
5.1.2. SEGMENT ANALYSIS
5.2. NON-RENEWABLE POWER SOURCE
5.2.1. MARKET FORECAST FIGURE
5.2.2. SEGMENT ANALYSIS
6. MARKET BY CAPACITY
6.1. 0 MW- 5 MW
6.1.1. MARKET FORECAST FIGURE
6.1.2. SEGMENT ANALYSIS
6.2. 5.1 MW- 20 MW
6.2.1. MARKET FORECAST FIGURE
6.2.2. SEGMENT ANALYSIS
6.3. 20.1 MW- 100 MW
6.3.1. MARKET FORECAST FIGURE
6.3.2. SEGMENT ANALYSIS
6.4. 100.1 MW- 250 MW
6.4.1. MARKET FORECAST FIGURE
6.4.2. SEGMENT ANALYSIS
6.5. ABOVE 250 MW
6.5.1. MARKET FORECAST FIGURE
6.5.2. SEGMENT ANALYSIS
7. GEOGRAPHICAL ANALYSIS
7.1. NORTH AMERICA
7.1.1. MARKET SIZE & ESTIMATES
7.1.2. NORTH AMERICA FLOATING POWER PLANT MARKET DRIVERS
7.1.3. NORTH AMERICA FLOATING POWER PLANT MARKET CHALLENGES
7.1.4. NORTH AMERICA FLOATING POWER PLANT MARKET REGULATORY FRAMEWORK
7.1.5. KEY PLAYERS IN NORTH AMERICA FLOATING POWER PLANT MARKET
7.1.6. COUNTRY ANALYSIS
7.1.6.1. UNITED STATES
7.1.6.1.1. UNITED STATES FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
7.1.6.2. CANADA
7.1.6.2.1. CANADA FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
7.2. EUROPE
7.2.1. MARKET SIZE & ESTIMATES
7.2.2. EUROPE FLOATING POWER PLANT MARKET DRIVERS
7.2.3. EUROPE FLOATING POWER PLANT MARKET CHALLENGES
7.2.4. EUROPE FLOATING POWER PLANT MARKET REGULATORY FRAMEWORK
7.2.5. KEY PLAYERS IN EUROPE FLOATING POWER PLANT MARKET
7.2.6. COUNTRY ANALYSIS
7.2.6.1. UNITED KINGDOM
7.2.6.1.1. UNITED KINGDOM FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
7.2.6.2. GERMANY
7.2.6.2.1. GERMANY FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
7.2.6.3. FRANCE
7.2.6.3.1. FRANCE FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
7.2.6.4. SPAIN
7.2.6.4.1. SPAIN FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
7.2.6.5. ITALY
7.2.6.5.1. ITALY FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
7.2.6.6. REST OF EUROPE
7.2.6.6.1. REST OF EUROPE FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
7.3. ASIA-PACIFIC
7.3.1. MARKET SIZE & ESTIMATES
7.3.2. ASIA-PACIFIC FLOATING POWER PLANT MARKET DRIVERS
7.3.3. ASIA-PACIFIC FLOATING POWER PLANT MARKET CHALLENGES
7.3.4. ASIA-PACIFIC FLOATING POWER PLANT MARKET REGULATORY FRAMEWORK
7.3.5. KEY PLAYERS IN ASIA-PACIFIC FLOATING POWER PLANT MARKET
7.3.6. COUNTRY ANALYSIS
7.3.6.1. CHINA
7.3.6.1.1. CHINA FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
7.3.6.2. JAPAN
7.3.6.2.1. JAPAN FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
7.3.6.3. INDIA
7.3.6.3.1. INDIA FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
7.3.6.4. SOUTH KOREA
7.3.6.4.1. SOUTH KOREA FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
7.3.6.5. VIETNAM
7.3.6.5.1. VIETNAM FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
7.3.6.6. AUSTRALIA & NEW ZEALAND
7.3.6.6.1. AUSTRALIA & NEW ZEALAND FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
7.3.6.7. REST OF ASIA-PACIFIC
7.3.6.7.1. REST OF ASIA-PACIFIC FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
7.4. REST OF WORLD
7.4.1. MARKET SIZE & ESTIMATES
7.4.2. REST OF WORLD FLOATING POWER PLANT MARKET DRIVERS
7.4.3. REST OF WORLD FLOATING POWER PLANT MARKET CHALLENGES
7.4.4. REST OF WORLD FLOATING POWER PLANT MARKET REGULATORY FRAMEWORK
7.4.5. KEY PLAYERS IN REST OF WORLD FLOATING POWER PLANT MARKET
7.4.6. REGIONAL ANALYSIS
7.4.6.1. LATIN AMERICA
7.4.6.1.1. LATIN AMERICA FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
7.4.6.2. MIDDLE EAST & AFRICA
7.4.6.2.1. MIDDLE EAST & AFRICA FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
8. COMPETITIVE LANDSCAPE
8.1. KEY STRATEGIC DEVELOPMENTS
8.1.1. MERGERS & ACQUISITIONS
8.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
8.1.3. PARTNERSHIPS & AGREEMENTS
8.1.4. BUSINESS EXPANSIONS & DIVESTITURES
8.2. COMPANY PROFILES
8.2.1. BW IDEOL
8.2.1.1. COMPANY OVERVIEW
8.2.1.2. PRODUCTS LIST
8.2.2. CATERPILLAR INC
8.2.2.1. COMPANY OVERVIEW
8.2.2.2. PRODUCTS LIST
8.2.2.3. STRENGTHS & CHALLENGES
8.2.3. CIEL & TERRE INTERNATIONAL
8.2.3.1. COMPANY OVERVIEW
8.2.3.2. PRODUCTS LIST
8.2.3.3. STRENGTHS & CHALLENGES
8.2.4. FLOATING POWER PLANT A/S
8.2.4.1. COMPANY OVERVIEW
8.2.4.2. PRODUCTS LIST
8.2.4.3. STRENGTHS & CHALLENGES
8.2.5. GENERAL ELECTRIC
8.2.5.1. COMPANY OVERVIEW
8.2.5.2. PRODUCTS LIST
8.2.6. KARPOWERSHIP
8.2.6.1. COMPANY OVERVIEW
8.2.6.2. PRODUCTS LIST
8.2.7. KYOCERA CORPORATION
8.2.7.1. COMPANY OVERVIEW
8.2.7.2. PRODUCTS LIST
8.2.7.3. STRENGTHS & CHALLENGES
8.2.8. MAN ENERGY SOLUTIONS SE
8.2.8.1. COMPANY OVERVIEW
8.2.8.2. PRODUCTS LIST
8.2.9. MITSUBISHI CORPORATION
8.2.9.1. COMPANY OVERVIEW
8.2.9.2. PRODUCTS LIST
8.2.9.3. STRENGTHS & CHALLENGES
8.2.10. SEATWIRL AB
8.2.10.1. COMPANY OVERVIEW
8.2.10.2. PRODUCTS LIST
8.2.10.3. STRENGTHS & CHALLENGES
8.2.11. SIEMENS AG
8.2.11.1. COMPANY OVERVIEW
8.2.11.2. PRODUCTS LIST
8.2.11.3. STRENGTHS & CHALLENGES
8.2.12. UPSOLAR GROUP CO LTD
8.2.12.1. COMPANY OVERVIEW
8.2.12.2. PRODUCTS LIST
8.2.12.3. STRENGTHS & CHALLENGES
8.2.13. VIKRAM SOLAR LIMITED
8.2.13.1. COMPANY OVERVIEW
8.2.13.2. PRODUCTS LIST
8.2.13.3. STRENGTHS & CHALLENGES
8.2.14. WARTSILA CORPORATION
8.2.14.1. COMPANY OVERVIEW
8.2.14.2. PRODUCTS LIST
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT - FLOATING POWER PLANT
TABLE 2: GLOBAL FLOATING POWER PLANT MARKET, BY SOURCE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 3: GLOBAL FLOATING POWER PLANT MARKET, BY SOURCE, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 4: GLOBAL RENEWABLE POWER SOURCE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 5: GLOBAL RENEWABLE POWER SOURCE MARKET, BY REGION, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 6: GLOBAL NON-RENEWABLE POWER SOURCE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 7: GLOBAL NON-RENEWABLE POWER SOURCE MARKET, BY REGION, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 8: GLOBAL FLOATING POWER PLANT MARKET, BY CAPACITY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 9: GLOBAL FLOATING POWER PLANT MARKET, BY CAPACITY, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 10: GLOBAL 0 MW- 5 MW MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 11: GLOBAL 0 MW- 5 MW MARKET, BY REGION, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 12: GLOBAL 5.1 MW- 20 MW MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 13: GLOBAL 5.1 MW- 20 MW MARKET, BY REGION, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 14: GLOBAL 20.1 MW- 100 MW MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 15: GLOBAL 20.1 MW- 100 MW MARKET, BY REGION, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 16: GLOBAL 100.1 MW- 250 MW MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 17: GLOBAL 100.1 MW- 250 MW MARKET, BY REGION, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 18: GLOBAL ABOVE 250 MW MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 19: GLOBAL ABOVE 250 MW MARKET, BY REGION, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 20: GLOBAL FLOATING POWER PLANT MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 21: GLOBAL FLOATING POWER PLANT MARKET, BY GEOGRAPHY, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 22: NORTH AMERICA FLOATING POWER PLANT MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 23: NORTH AMERICA FLOATING POWER PLANT MARKET, BY COUNTRY, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 24: NORTH AMERICA FLOATING POWER PLANT MARKET REGULATORY FRAMEWORK
TABLE 25: KEY PLAYERS OPERATING IN NORTH AMERICA FLOATING POWER PLANT MARKET
TABLE 26: EUROPE FLOATING POWER PLANT MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 27: EUROPE FLOATING POWER PLANT MARKET, BY COUNTRY, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 28: EUROPE FLOATING POWER PLANT MARKET REGULATORY FRAMEWORK
TABLE 29: KEY PLAYERS OPERATING IN EUROPE FLOATING POWER PLANT MARKET
TABLE 30: ASIA-PACIFIC FLOATING POWER PLANT MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 31: ASIA-PACIFIC FLOATING POWER PLANT MARKET, BY COUNTRY, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 32: ASIA-PACIFIC FLOATING POWER PLANT MARKET REGULATORY FRAMEWORK
TABLE 33: KEY PLAYERS OPERATING IN ASIA-PACIFIC FLOATING POWER PLANT MARKET
TABLE 34: REST OF WORLD FLOATING POWER PLANT MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 35: REST OF WORLD FLOATING POWER PLANT MARKET, BY REGION, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 36: REST OF WORLD FLOATING POWER PLANT MARKET REGULATORY FRAMEWORK
TABLE 37: KEY PLAYERS OPERATING IN REST OF WORLD FLOATING POWER PLANT MARKET
TABLE 38: LIST OF MERGERS & ACQUISITIONS
TABLE 39: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 40: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 41: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR UNITED STATES
FIGURE 4: GROWTH PROSPECT MAPPING FOR GERMANY
FIGURE 5: GROWTH PROSPECT MAPPING FOR CHINA
FIGURE 6: GROWTH PROSPECT MAPPING FOR BRAZIL
FIGURE 7: MARKET MATURITY ANALYSIS
FIGURE 8: MARKET CONCENTRATION ANALYSIS
FIGURE 9: VALUE CHAIN ANALYSIS
FIGURE 10: GLOBAL FLOATING POWER PLANT MARKET, GROWTH POTENTIAL, BY SOURCE, IN 2022
FIGURE 11: GLOBAL FLOATING POWER PLANT MARKET, BY RENEWABLE POWER SOURCE, 2023-2028 (IN $ MILLION)
FIGURE 12: GLOBAL FLOATING POWER PLANT MARKET, BY NON-RENEWABLE POWER SOURCE, 2023-2028 (IN $ MILLION)
FIGURE 13: GLOBAL FLOATING POWER PLANT MARKET, GROWTH POTENTIAL, BY CAPACITY, IN 2022
FIGURE 14: GLOBAL FLOATING POWER PLANT MARKET, BY 0 MW- 5 MW, 2023-2028 (IN $ MILLION)
FIGURE 15: GLOBAL FLOATING POWER PLANT MARKET, BY 5.1 MW- 20 MW, 2023-2028 (IN $ MILLION)
FIGURE 16: GLOBAL FLOATING POWER PLANT MARKET, BY 20.1 MW- 100 MW, 2023-2028 (IN $ MILLION)
FIGURE 17: GLOBAL FLOATING POWER PLANT MARKET, BY 100.1 MW- 250 MW, 2023-2028 (IN $ MILLION)
FIGURE 18: GLOBAL FLOATING POWER PLANT MARKET, BY ABOVE 250 MW, 2023-2028 (IN $ MILLION)
FIGURE 19: GLOBAL FLOATING POWER PLANT MARKET, REGIONAL OUTLOOK, 2022 & 2028 (IN %)
FIGURE 20: NORTH AMERICA FLOATING POWER PLANT MARKET, COUNTRY OUTLOOK, 2022 & 2028 (IN %)
FIGURE 21: UNITED STATES FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 22: CANADA FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 23: EUROPE FLOATING POWER PLANT MARKET, COUNTRY OUTLOOK, 2022 & 2028 (IN %)
FIGURE 24: UNITED KINGDOM FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 25: GERMANY FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 26: FRANCE FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 27: FRANCE'S HYDROELECTRIC CAPACITY, BY REGION
FIGURE 28: SPAIN FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 29: ITALY FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 30: REST OF EUROPE FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 31: ASIA-PACIFIC FLOATING POWER PLANT MARKET, COUNTRY OUTLOOK, 2022 & 2028 (IN%)
FIGURE 32: CHINA FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 33: JAPAN FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 34: INDIA FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 35: SOUTH KOREA FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 36: VIETNAM FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 37: AUSTRALIA & NEW ZEALAND FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 38: REST OF ASIA-PACIFIC FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 39: REST OF WORLD FLOATING POWER PLANT MARKET, REGIONAL OUTLOOK, 2022 & 2028 (IN %)
FIGURE 40: LATIN AMERICA FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 41: MIDDLE EAST & AFRICA FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
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