North America Floating Power Plant Market Forecast 2019-2027
KEY FINDINGS
The North America floating power plant market is expected to develop at a significant pace by exhibiting a CAGR of 9.81% over the forecast period of 2019-2027. The floating power plant mainly finds its applications in power generation and distribution in the North American region.
MARKET INSIGHTS
Major markets in this region are the U.S and Canada floating power plant markets. Presently, the US market forms the largest regional market in North America. Developments in floating wind farms are presenting this country with lucrative growth opportunities. The market is segmented based on source and capacity. Several nuclear and solar floating power plant projects are being implemented in this region. A floating solar power plant project has begun on San Diego’s 200-acre Olivenhain reservoir, which would consist of 24,000 solar panels that will cover a sliver of the reservoir surface & make around 144,000-megawatt hour of power on an annual basis.
Implementation of several such projects is further expected to augment the growth of the floating power plant market in the US. Dunedin Energy Systems, a Canada-based organization, is also involved in developing floating power plants and intends to sell small floating nuclear reactors which would be responsible for providing a power source for remote mining projects, thus augmenting the growth of floating power plants in the country.
COMPETITIVE INSIGHTS
The key market companies include Vikram Solar Pt. Ltd., Man Diesel & Turbo SE, Floating Power Plant, Upsolar Global Co. Ltd., Yingli Green Energy Holding Company Limited, Caterpillar Inc., Siemens AG, Mitsubishi Corporation, Principle Power, Inc., Kyocera Corporation, Ciel & Terre International, Ideol SA, Wärtsilä Corporation, SeaTwirl AB, and General Electric.
- 1. Research Scope
- 1.1. Study Goals
- 1.2. Scope Of The Market Study
- 1.3. Who Will Find This Report Useful?
- 1.4. Study And Forecasting Years
- 2. Research Methodology
- 2.1. Sources Of Data
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 3. 2.2 Top-down Approach
- 3.1. Bottom-up Approach
- 3.2. Data Triangulation
- 4. Executive Summary
- 4.1. Market Summary
- 4.2. Key Findings
- 4.2.1. Non-renewable Power To Dominate The Source Segment
- 4.2.2. Above 250mw To Lead The Capacity Segment
- 4.2.3. Increasing Research And Development In Floating Power Plants To Boost Opportunities
- 5. Market Dynamics
- 5.1. Market Definition & Scope
- 5.2. Market Drivers
- 5.2.1. Floating Power Plants Have Upper Hand Over Land Based Power Plants
- 5.2.2. Scarcity Of Land Results In Installation Of New Capacity Over Water Bodies
- 5.2.3. Continuously Rising Demand For Power
- 5.2.4. Rising Demand For Clean Energy
- 5.3. Market Restraints
- 5.3.1. Huge Capital Investment
- 5.4. Market Opportunities
- 5.4.1. Solar Power Booming In The Energy Sector
- 5.4.2. Increasing Popularity Of Floating Wind Farms
- 5.5. Market Challenges
- 5.5.1. Obstacles In Installation
- 6. Market By Source
- 6.1. Renewable Power Source
- 6.2. Non-renewable Power Source
- 7. Market By Capacity
- 7.1. 0mw-5mw Capacity
- 7.2. 5.1mw-20mw Capacity
- 7.3. 20.1mw-100mw Capacity
- 7.4. 100.1mw-250mw Capacity
- 7.5. Above 250mw Capacity
- 8. Key Analytics
- 8.1. Porter’s Five Force Model
- 8.1.1. Threat Of New Entrants
- 8.1.2. Threat Of Substitute
- 8.1.3. Bargaining Power Of Suppliers
- 8.1.4. Bargaining Power Of Buyers
- 8.1.5. Intensity Of Competitive Rivalry
- 8.2. Opportunity Matrix
- 8.3. Key Buying Criteria
- 8.4. Value Chain Analysis
- 8.5. Vendor Landscape
- 9. Geographical Analysis
- 9.1. North America
- 9.1.1. United States
- 9.1.2. Canada
- 10. Competitive Landscape
- 10.1. Company Profile
- 10.1.1. Seatwirl Ab
- 10.1.2. Floating Power Plant
- 10.1.3. Upsolar North America Co. Ltd.
- 10.1.4. Caterpillar Inc.
- 10.1.5. Kyocera Corporation
- 10.1.6. Mitsubishi Corporation
- 10.1.7. Vikram Solar Pvt Ltd.
- 10.1.8. Yingli Green Energy Holding Company Limited
- 10.1.9. Ciel & Terre International
- 10.1.10. Siemens Ag
- 10.1.11. Man Diesel & Turbo Se
- 10.1.12. Ideol Sa
- 10.1.13. Principle Power, Inc.
- 10.1.14. General Electric
- 10.1.15. Wartsila Corporation
- Tables List
- Table 1 North America Floating Power Plant Market, By Country, 2019-2027 (In $ Million)
- Table 2 North America Floating Power Plant Market, By Source, 2019-2027 (In $ Million)
- Table 3 North America Floating Power Plant Market, By Capacity, 2019-2027 (In $ Million)
- Table 4 Opportunity Matrix
- Table 5 Vendor Landscape
- Table 6 North America Floating Power Plant Market, By Country, 2019-2027 (In $ Million)
- Figures List
- Figure 1 North America Floating Power Plant Market Share, By Source 2018 & 2027 (%)
- Figure 2 North America Non-renewable Power Source Market, 2019 - 2027 (In $ Million)
- Figure 3 North America Above 250 Mw Capacity Market For Floating Power Plant, 2019 - 2027 (In $ Million)
- Figure 4 Reduction In Cost Of Energy From Offshore Wind Projects (Us$/Mwh)
- Figure 5 North America Floating Power Plant Market, By Renewable Power Source, 2019-2027 (In $ Million)
- Figure 6 North America Floating Power Plant Market, By Non-renewable Power Source, 2019-2027 (In $ Million)
- Figure 7 North America Floating Power Plant Market, By 0mw-5mw Capacity, 2019-2027 (In $ Million)
- Figure 8 North America Floating Power Plant Market, By 5.1mw-20mw Capacity, 2019-2027 (In $ Million)
- Figure 9 North America Floating Power Plant Market, By 20.1mw-100mw Capacity, 2019-2027 (In $ Million)
- Figure 10 North America Floating Power Plant Market, By 100.1mw-250mw Capacity, 2019-2027 (In $ Million)
- Figure 11 North America Floating Power Plant Market, By Above 250mw Capacity, 2019-2027 (In $ Million)
- Figure 12 Porter’s Five Force Model
- Figure 13 North America Floating Power Plant Market, Regional Outlook, 2018 & 2027, (%)
- Figure 14 United States Floating Power Plant Market, 2019-2027 (In $ Million)
- Figure 15 Canada Floating Power Plant Market, 2019-2027 (In $ Million)
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