Floating Power Plant Market Research Report- Forecast to 2023

Floating Power Plant Market Research Report- Forecast to 2023

ID: MRFR/E&P/2512-CRR | October, 2017 | Region: Global | 135 pages | Cooked Research Reports

Global Floating Power Plant Market Report, by Power Plant Type (Floating Solar Power, Floating Wind, Floating Wind and Wave power, Floating Nuclear power and Others (Coal, Diesel, Heavy Fuel Oils, Natural Gas)), by Platform Type (Floating Structures, Power Barges and Power Ships) and by Region - Global Forecast to 2023

Market Scenario:


Floating power plant plays a crucial role in electricity generation at remote areas where power generation is restricted due to scarcity of land mass. Shortage of electricity or the lack of access is one of the major development hurdles faced by many regions in developing countries. Moreover, in many countries, certain regions are not connected with their national distribution grid and off grid power is their only source of energy. In addition to that, growing concern about climate change and global warming are increasingly forcing nations to switch to renewable energy sources to meet their respective climate change targets.


The market is driven by various factors such as the need for uninterrupted electricity supply is growing because of the rising world population, climbing income levels and industrialization, huge land area is necessary for the construction of coal, wind and solar power plants which has constraints in many countries, these factors are expected to drive the market for floating power plant in near future. 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.


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.


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


Market Segmentation:


Floating Power Plant Market Segmentation 


Global Floating Power Plant Market:


Currently, market for floating power plants is growing, especially by the renewable energy source types such as solar, wind and wave power. One of the advantages of these floating power plant systems is their ability to be relocated to any location where there is a demand for power. This will also enable electricity to be cheaper, which will result in its strong growth. Floating power plants are a safe and efficient power source for remote islands and they are less susceptible to natural disasters.  


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 )and ROSATOM State Atomic Energy Corporation (Russia).

The key players adopted various strategies to retain and/or expand their market share. The key strategies followed by most companies within the global floating power plant market were partnerships & collaborations followed by the product launch.

The report for Global Floating Power Plant Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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TABLE OF CONTENTS

2.1 Definition 12
2.2 Scope of the Study 12
2.3 Assumptions 12
2.4 Market Structure 13

3.1 Research Process 14
3.2 Primary Research 15
3.3 Secondary Research 15
3.4 Market Size Estimation 15
3.5 Forecast Model 17

4.1 Drivers 19
4.1.1 Advantageous over conventional land-based power plants 19
4.1.2 Lack of Power Infrastructure in Remote Locations 19
4.1.3 Growing Demand for Clean Energy 19
4.2 Growth Drivers: Impact Analysis 20
4.3 Restraints 20
4.3.1 High Capital Cost of Offshore Power Infrastructure 20
4.3.2 Access to Offshore Installations 20
4.4 Growth Barriers: Impact Analysis 21
4.5 Opportunity 22
4.5.1 R&D in floating power plants 22

5.1 Porter’s 5 forces analysis 23
5.1.1 Threat of New Entrants 24
5.1.2 Bargaining Power of Suppliers 24
5.1.3 Threat of Substitutes 24
5.1.4 Bargaining Power of Buyers 24
5.1.5 Segment Rivalry 24
5.2 Value Chain Analysis 25

6.1 Overview 28
6.2 Floating Solar Power 29
6.3 Floating Wind Power 30
6.4 Floating Wind & Wave Power 30
6.5 Floating Nuclear Power 30
6.6 Others 31

7.1 Overview 33
7.2 Floating Structures 34
7.3 Power Barges 34
7.4 Power Ships 34

8.1 Introduction 36
8.2 Asia-Pacific 37
8.2.1 China 40
8.2.2 Japan 41
8.2.3 India 42
8.2.4 Rest of Asia-Pacific 43
8.3 Europe 45
8.3.1 U.K. 46
8.3.2 Italy 48
8.3.3 France 49
8.3.4 Portugal 50
8.3.5 Rest of Europe 51
8.4 Rest of the World 52
8.4.1 Africa 54
8.4.2 Middle East 55
8.4.3 North America 56
8.4.4 Latin America 58

9.1 Competitive Scenario 59
9.1.1 Competitive Landscape 59
9.1.2 Partnerships & Collaborations 60
9.1.2.1 Product Launch. 61
9.1.2.2 Mergers & Acquisitions 62
9.2 MAN Diesel & Turbo 63
9.2.1 Company Overview 63
9.2.2 Product/Service Offering 63
9.2.3 Financial Overview 64
9.2.4 Strategy 64
9.3 Karadeniz Holding A.Ş. 66
9.3.1 Company Overview 66
9.3.2 Product/Service Offering 66
9.3.3 Financial Overview 66
9.3.4 Strategy 67
9.4 Vikram Solar Pvt. Ltd. 68
9.4.1 Company Overview 68
9.4.2 Product/Service Offering 68
9.4.3 Financial Overview 68
9.4.4 Strategy 69
9.5 Ciel & Terre International 70
9.5.1 Company Overview 70
9.5.2 Product/Service Offering 70
9.5.3 Financial Overview 70
9.5.4 Strategy 71
9.6 Waller Marine, Inc. 72
9.6.1 Company Overview 72
9.6.2 Product/Service Offering 72
9.6.3 Financial Overview 72
9.6.4 Strategy 72
9.7 Power Barge Corporation. 73
9.7.1 Company Overview 73
9.7.2 Product/Service Offering 73
9.7.3 Financial Overview 73
9.7.4 Strategy 73
9.8 Floating Power Plant A/S. 74
9.8.1 Company Overview 74
9.8.2 Product/Service Offering 74
9.8.3 Financial Overview 74
9.8.4 Strategy 74
9.9 Principle Power, Inc. 76
9.9.1 Company Overview 76
9.9.2 7Product/Service Offering 76
9.9.3 Financial Overview 76
9.9.4 Strategy 76
9.10 Wärtsilä Corporation. 77
9.10.1 Company Overview 77
9.10.2 Product/Service Offering 77
9.10.3 Financial Overview 77
9.10.4 Strategy 78
9.11 Kyocera Corporation 80
9.11.1 Company Overview 80
9.11.2 Product/Service Offering 80
9.11.3 Financial Overview 81
9.11.4 Strategy 81
9.12 Rosatom State Atomic Energy Corporation (USA) 83
9.12.1 Company Overview 83
9.12.2 Product/Service Offering 83
9.12.3 Financial Overview 84
9.12.4 Strategy 84

TABLE 1 MARKET SYNOPSIS 11
TABLE 2 GLOBAL FLOATING POWER PLANT MARKET, BY POWER PLANT TYPE, 2015-2023 (USD MILLION) 29
TABLE 3 GLOBAL FLOATING POWER PLANT MARKET, BY PLATFORM TYPE, 2015-2023 (USD MILLION) 33
TABLE 4 ASIA-PACIFIC: GLOBAL FLOATING POWER PLANT MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 38
TABLE 5 ASIA-PACIFIC: GLOBAL FLOATING POWER PLANT MARKET, BY PLATFORM TYPE, 2015-2023 (USD MILLION) 38
TABLE 6 ASIA-PACIFIC: GLOBAL FLOATING POWER PLANT MARKET, BY POWER PLANT TYPE, 2015-2023 (USD MILLION) 39
TABLE 7 CHINA: GLOBAL FLOATING POWER PLANT MARKET, BY PLATFORM TYPE, 2015-2023 (USD MILLION) 40
TABLE 8 CHINA: GLOBAL FLOATING POWER PLANT MARKET, BY POWER PLANT TYPE, 2015-2023 (USD MILLION) 40
TABLE 9 JAPAN: GLOBAL FLOATING POWER PLANT MARKET, BY PLATFORM TYPE, 2015-2023 (USD MILLION) 41
TABLE 10 JAPAN: GLOBAL FLOATING POWER PLANT MARKET, BY POWER PLANT TYPE, 2015-2023 (USD MILLION) 42
TABLE 11 INDIA: GLOBAL FLOATING POWER PLANT MARKET, BY PLATFORM TYPE, 2015-2023 (USD MILLION) 42
TABLE 12 INDIA: GLOBAL FLOATING POWER PLANT MARKET, BY POWER PLANT TYPE, 2015-2023 (USD MILLION) 43
TABLE 13 REST OF ASIA-PACIFIC: GLOBAL FLOATING POWER PLANT MARKET, BY PLATFORM TYPE, 2015-2023 (USD MILLION) 43
TABLE 14 REST OF ASIA-PACIFIC: GLOBAL FLOATING POWER PLANT MARKET, BY POWER PLANT TYPE, 2015-2023 (USD MILLION) 44
TABLE 15 EUROPE: GLOBAL FLOATING POWER PLANT MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 45
TABLE 16 EUROPE: GLOBAL FLOATING POWER PLANT MARKET, BY PLATFORM TYPE, 2015-2023 (USD MILLION) 45
TABLE 17 EUROPE: GLOBAL FLOATING POWER PLANT MARKET, BY POWER PLANT TYPE, 2015-2023 (USD MILLION) 46
TABLE 18 U.K.: GLOBAL FLOATING POWER PLANT MARKET, BY PLATFORM TYPE, 2015-2023 (USD MILLION) 46
TABLE 19 U.K.: GLOBAL FLOATING POWER PLANT MARKET, BY POWER PLANT TYPE, 2015-2023 (USD MILLION) 47
TABLE 20 ITALY: GLOBAL FLOATING POWER PLANT MARKET, BY PLATFORM TYPE, 2015-2023 (USD MILLION) 48
TABLE 21 ITALY: GLOBAL FLOATING POWER PLANT MARKET, BY POWER PLANT TYPE, 2015-2023 (USD MILLION) 48
TABLE 22 FRANCE: GLOBAL FLOATING POWER PLANT MARKET, BY PLATFORM TYPE, 2015-2023 (USD MILLION) 49
TABLE 23 FRANCE: GLOBAL FLOATING POWER PLANT MARKET, BY POWER PLANT TYPE, 2015-2023 (USD MILLION) 49
TABLE 24 PORTUGAL: GLOBAL FLOATING POWER PLANT MARKET, BY PLATFORM TYPE, 2015-2023 (USD MILLION) 50
TABLE 25 PORTUGAL: GLOBAL FLOATING POWER PLANT MARKET, BY POWER PLANT TYPE, 2015-2023 (USD MILLION) 50
TABLE 26 REST OF EUROPE: GLOBAL FLOATING POWER PLANT MARKET, BY PLATFORM TYPE, 2015-2023 (USD MILLION) 51
TABLE 27 REST OF EUROPE: GLOBAL FLOATING POWER PLANT MARKET, BY POWER PLANT TYPE, 2015-2023 (USD MILLION) 52
TABLE 28 REST OF THE WORLD: GLOBAL FLOATING POWER PLANT MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 53
TABLE 29 REST OF THE WORLD: GLOBAL FLOATING POWER PLANT MARKET, BY PLATFORM TYPE, 2015-2023 (USD MILLION) 53
TABLE 30 REST OF THE WORLD: GLOBAL FLOATING POWER PLANT MARKET, BY POWER PLANT TYPE, 2015-2023 (USD MILLION) 54
TABLE 31 AFRICA: GLOBAL FLOATING POWER PLANT MARKET, BY PLATFORM TYPE, 2015-2023 (USD MILLION) 54
TABLE 32 AFRICA: GLOBAL FLOATING POWER PLANT MARKET, BY POWER PLANT TYPE, 2015-2023 (USD MILLION) 55
TABLE 33 MIDDLE EAST: GLOBAL FLOATING POWER PLANT MARKET, BY PLATFORM TYPE, 2015-2023 (USD MILLION) 55
TABLE 34 MIDDLE EAST: GLOBAL FLOATING POWER PLANT MARKET, BY POWER PLANT TYPE, 2015-2023 (USD MILLION) 56
TABLE 35 NORTH AMERICA: GLOBAL FLOATING POWER PLANT MARKET, BY PLATFORM TYPE, 2015-2023 (USD MILLION) 56
TABLE 36 NORTH AMERICA: GLOBAL FLOATING POWER PLANT MARKET, BY POWER PLANT TYPE, 2015-2023 (USD MILLION) 57
TABLE 37 LATIN AMERICA: GLOBAL FLOATING POWER PLANT MARKET, BY PLATFORM TYPE, 2015-2023 (USD MILLION) 58
TABLE 38 LATIN AMERICA: GLOBAL FLOATING POWER PLANT MARKET, BY POWER PLANT TYPE, 2015-2023 (USD MILLION) 58

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
FIGURE 11 GLOBAL FLOATING POWER PLANT MARKET, BY REGION, 2015-2023 (USD MILLION) 37
FIGURE 12 ASIA-PACIFIC: GLOBAL FLOATING POWER PLANT MARKET SHARE, BY COUNTRY, 2016 (% SHARE) 37
FIGURE 13 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL FLOATING POWER PLANT MARKET, 2014-2017 (%) 59
FIGURE 14 PARTNERSHIPS & COLLABORATIONS: % SHARE BY KEY PLAYERS, 2014-2017 (%) 60
FIGURE 15 PRODUCT LAUNCH: % SHARE BY KEY PLAYERS, 2014-2017 (%) 61
FIGURE 16 MERGERS & ACQUISITIONS: % SHARE BY KEY PLAYERS, 2014-2017 (%) 62
FIGURE 17 MAN DIESEL & TURBO: TOTAL REVENUE VS SEGMENTAL REVENUE (FLOATING POWER PLANT REVENUE) 64
FIGURE 18 MAN DIESEL & TURBO: KEY DEVELOPMENTS, 2014-2016 (%) 65
FIGURE 19 MAN DIESEL & TURBO: SWOT ANALYSIS 65
FIGURE 20 KARADENIZ HOLDING A.Ş.: SWOT ANALYSIS 67
FIGURE 21 FLOATING POWER PLANT A/S: SWOT ANALYSIS 75
FIGURE 22 WÄRTSILÄ CORPORATION. TOTAL REVENUE VS SEGMENTAL REVENUE (FLOATING POWER PLANT) 77
FIGURE 23 WÄRTSILÄ CORPORATION. GEOGRAPHICAL REVENUE MIX, 2016 (IN %) 78
FIGURE 24 WÄRTSILÄ CORPORATION. KEY DEVELOPMENTS, 2014-2016 (%) 79
FIGURE 25 WÄRTSILÄ CORPORATION. SWOT ANALYSIS 79
FIGURE 26 KYOCERA CORPORATION: TOTAL REVENUE VS SEGMENTAL REVENUE (FLOATING POWER PLANT) 81
FIGURE 27 KYOCERA CORPORATION: GEOGRAPHICAL REVENUE MIX, 2016 (IN %) 81
FIGURE 28 KYOCERA CORPORATION: SWOT ANALYSIS 82
FIGURE 29 ROSATOM: TOTAL REVENUE 84