Floating Power Plant Market- Global Industry Size, Growth, Share, Demand, Trends, Competitive Landscape and Forecasts to 2023
The Floating Power Plant market size will grow from USD 887.8 Million in 2017 to USD 1586.7 Million by 2023, at an estimated CAGR of 10.16%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
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The factors driving the floating power plant market includes increasing demand for power, coupled with the lack of power infrastructure, benefits over land based power plants (majorly as it eliminates the land acquisition related problems), and energy efficiency mandates and demand for clean energy (renewable energy source). The non-renewable power segment holds a major share, and this is majorly due to the lack of power infrastructure, coupled with the upsurge in energy demand. The renewable power source segment is estimated to be the fastest growing segment, due to the increasing demand for energy efficiency mandates and demand for clean energy (renewable energy source). Floating solar and wind have seen a rise in installations, owing to its benefits over the land based solar plants and the offshore wind farms. The floating solar energy source consists of key components, such as solar panel and floating structures.
By Market Players:
General Electric Company , Siemens AG , Wärtsilä Corporation , Kyocera Corporation , Mitsubishi Corporation , Caterpillar Inc. , Yingli Green Energy Holding Company Limited , Ciel & Terre International , Vikram Solar Pvt. Ltd. , Principle Power, Inc. , MAN Diesel & Turbo SE , Ideol SA , Seatwirl AB , Upsolar Global Co., Ltd , Floating Power Plant A/S,
By Power Source
Renewable Power Source , Non-Renewable Power Source ,
By Capacity
0 MW–5 MW , 5.1 MW–20 MW , 20.1 MW–100 MW , 100.1 MW–250 MW , Above 250 MW
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