This Floating Power Plant market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Floating Power Plant market.
Floating Power Plant Market: Introduction
The existence of floating power started by the introduction of general electric transportable large power barges during the World War II. Floating power plant is also known as power barges, it is a specially designed ship in which an actual power plant is installed for supplying the power to the required areas in marine sector. The floating power plant term is used, as the power plant floats with the platform on the water bodies. Usually a floating power plant is an existing ship or a marine vessel on which power plant is installed for the purpose of power generation. The floating power plants are not self-propelled and a ready power generation unit which can be plugged into the ship’ grids where required. The un-motorized floating power plant ships are known as power barges or barge mounted power plants and they have power plants installed on the deck barge. The floating power plants can be equipped with multiple or single gas turbines, gas & reciprocating diesel engines, nuclear reactors and boiler for the generation of electricity.
The adoption rate or the scope of usage for the floating power plant is anticipated to grow in the coming years owing to factors such as it is mobile and can be moved from one place to another very easily, it’s easier relocate and sell/trade of the floating power plant, it can quickly supply electricity to areas with partial infrastructure, the system is not affected due to earth quakes or floods, it does not require a large site, among others.
Floating Power Plant Market dynamics:
Floating power plant market is expected to grow over estimated period due to the increase in demand of power generation in the global market. The floating power plants offers many advantages in the market. Firstly, the floating power plant can be built at the shipyard or at a factory, eliminating the requirement for setting up a special site of construction for it. Also, a lot of cost can be saved for the location analysis which includes cost for studies on the land and its environment. Moreover, the floating power plant has a very low impact on the environment and the issue of dismantling is also eliminated as it can be done in nearest shipyard or a dedicated site. The ocean environment, nevertheless makes it essential to consider few factors into account, such as the necessity to assure that the radioactive material is on no occasion is leaked to the sea and access for the staff and the equipment.
Some of the factors which are driving the global floating market are the rising demand for power in addition with the lack of power infrastructure, effective generation of power, high efficiency, growing demand for clean energy and advantages over the conventional land power plants. These factors will propel the demand for floating power plants in the global market over the forecast period. Several countries across the global are open handedly accepting the floating power plants as the above stated advantages makes it the most attractive tool for power generation in the global market. For instance, the world first floating nuclear power plant is being built by Russia in Saint Petersburg at the Baltiysky Zavod shipyard. The site where the operation is going on is also known as Akademik Lomonosov and it contains two naval reactors (KLT–40C) with a capacity of 35 MW. They are mounted on a barge that is 30 meters wide and 144 meters long. Operation is previewed for 2017 at the Chukotka district, in Northwestern Russia. Hence the global floating power plant market is anticipated to grow with a prominent CAGR over the forecast period.
Floating Power Plant: Regional Outlook:
Asia Pacific is estimated to account for the prominent share of floating power plant market due to the increase in production and demand of power generation in countries like China, Japan, ASEAN Countries and India by 2028. Europe and North America Floating Power Plant market is valued to grow due to the safety norms and strict environment control rules in these regions. The growing population coupled with the increasing disposable income in the Latin America and MEA region is anticipated to be one of the prominent driver for the floating power plant market in the near future. Never ending demand for productive, reliable, cost effective, efficient electric generation systems such as the floating power plant is estimated to propel the floating power plant market over the forthcoming years.
Floating Power Plant: Key Players
- MAN Diesel & Turbo SE
- Mitsubishi Corporation
- Kyocera Corporation
- Principle Power, Inc.
- Vikram Solar Pvt., Ltd.
- Yingli Solar
- SeaTwirl AB
- Burmeister & Wain Scandinavian Contractor A/S
- General Electric Company
- Siemens AG
- Caterpillar, Inc.
- Ciel & Terre International
- Floating Power Plant A/S
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America
- Latin America
- Asia Pacific
- Western Europe
- Eastern Europe
- Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.
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Floating Power Plant Market segmentation:
By Source, Floating Power Plant market can be segmented as:
- Gas turbines
- IC engines
By Capacity, Floating Power Plant market can be segmented as:
- Below 5.0 MW
- 0 MW–20 MW
- 0 MW–100 MW
- 0 MW–250 MW
- Above 250 MW
By Type, Floating Power Plant market can be segmented as:
- Others (Platforms. Etc.)
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Frequently Asked Questions
What research methodology is used to develop the Floating Power Plant Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Floating Power Plant Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
What else does FMI offer apart from Floating Power Plant Market report?
In addition to up-to-date market figures and customized of the Floating Power Plant Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.
How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.