Market by Capacity, Source, and Country Outlook | Forecast 2023-2028
As per Triton Market Research’s report, Europe’s floating power plant market is deemed to attain a compound annual growth rate of 11.17% during the forecast period 2023-2028.
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The countries considered in this given region consist of:
• United Kingdom
• Germany
• France
• Spain
• Italy
• Rest of Europe
Demand for
floating power plants in Europe is expected to increase due to advanced
technology, startups, and growing investments, which will contribute to the
market’s growth. Several governments provide subsidies and tax incentives for
clean energy, including offshore projects. Besides, stringent carbon emissions
regulations and fines drive companies toward renewable energy sources amid
geopolitical crises and oil price volatility. Despite challenges such as high
cost, maintenance, supply chain issues, and availability of semiconductors, the
market for floating power plants is expected to witness substantial progress.
The United Kingdom has emerged as a leader in the region’s
floating power plant market. In 2022, the UK took a major step by introducing large-scale
clean energy subsidies, enabling the development of previously constrained
onshore wind projects. In addition, the government has provided subsidies for 7
gig watts of offshore wind power, demonstrating its commitment to innovative
technologies such as floating wind and tidal energy. Offshore wind power has
proven to be the country’s most cost-effective renewable energy source. The
planned realization of these projects would result in a substantial 11 GW of
power generation capacity, equivalent to all of the current offshore wind farms
in the UK. Such advanced initiatives are expected to attract significant
investment worth billions of euros, further driving the market’s development.
The 0 MW -5 MW
capacity floating power plant uses various sources such as natural gas, solar
energy, wind energy, and other renewable sources. They occupy a little space
and can provide electricity to several places. They are also helpful during
natural disasters like earthquakes and floods owing to their ability to provide
a secure power supply. In March 2022, energy company Axpo built a 5-megawatt
floating solar power plant in France. In July 2022, Energias de Portugal SA
(EDP) commissioned the largest floating solar power plant in Europe, with a
capacity of 5 MW and a battery storage capacity of 1 MW. These projects are
expected to contribute to the growth of the segment.
The floating power plant market is categorized into two
segments based on capacity and source. In terms of capacity, it is divided
into 0MW- 5MW, 5.1 MW- 20 MW, 20 MW- 100 MW, 100.1 MW- 250 MW, and above 250
MW.
The key companies listed in the market report include
Upsolar Group Co Ltd, Caterpillar Inc, Kyocera Corporation, Mitsubishi
Corporation, and Wartsila Corporation.
Kyocera Corp is a supplier of electronic equipment and components.
The company offers various products, including ceramic components and
semiconductor parts. These products are used in various fields, such as
environmental protection, power generation, and telecommunications. Kyocera
supplies individuals, businesses, governments, and government agencies. The
company has R&D facilities in Japan and the United States, with
manufacturing facilities in several countries worldwide, including Europe.
Key
deliverables of the report:
● Market CAGR during the forecasting years 2023-2028
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the floating power plant market revenue growth in Europe and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces
●
A wide-ranging study of factors that will challenge the Europe
floating power plant market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. EUROPE
FLOATING POWER PLANT MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. ASSESSMENT
OF SHIP-BASED FLOATING POWER PLANTS
2.1.1. DEVELOPMENTS
RELATED TO SHIP-BASED FLOATING POWER PLANTS
2.2. IMPACT
ANALYSIS ON THE FLOATING POWER PLANT MARKET
2.2.1. COVID-19
IMPACT
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
MATURITY ANALYSIS
2.5. INDUSTRY
COMPONENTS
2.5.1. RAW
MATERIALS & COMPONENT SUPPLIERS
2.5.2. OEMS
2.5.3. EPC
COMPANIES & DEVELOPERS
2.6. REGULATORY
FRAMEWORK
2.7. KEY
MARKET STRATEGIES
2.7.1. COLLABORATIONS
2.7.2. PRODUCT
LAUNCHES
2.7.3. MERGERS
& ACQUISITIONS
2.7.4. BUSINESS
DIVESTITURES & EXPANSIONS
2.8. MARKET
DRIVERS
2.8.1. RISING
POPULARITY OF OFFSHORE WIND PROJECTS
2.8.2. GROWING
CLEAN ENERGY PROJECTS
2.9. MARKET
CHALLENGES
2.9.1. TECHNICAL
CHALLENGES INVOLVED IN FLOATING POWER PLANTS
2.9.2. HIGH
COST OF PROJECTS
2.10. MARKET
OPPORTUNITIES
2.10.1. RISING
POPULARITY OF IC ENGINE-BASED FLOATING POWER PLANTS
2.10.2. RISE
IN THE INSTALLATION OF NEW POWER PLANTS
2.11. ANALYST
PERSPECTIVE
3. EUROPE
FLOATING POWER PLANT MARKET – BY CAPACITY
3.1. 0MW-
5MW
3.2. 5.1
MW- 20 MW
3.3. 20
MW- 100 MW
3.4. 100.1
MW- 250 MW
3.5. ABOVE
250 MW
4. EUROPE
FLOATING POWER PLANT MARKET – BY SOURCE
4.1. NON-RENEWABLE
POWER SOURCE
4.2. RENEWABLE
POWER SOURCE
5. EUROPE
FLOATING POWER PLANT MARKET – BY COUNTRY OUTLOOK
5.1. UNITED
KINGDOM
5.1.1. UNITED
KINGDOM FLOATING POWER PLANT MARKET FORECAST & PROSPECTS
5.2. GERMANY
5.2.1. GERMANY
FLOATING POWER PLANT MARKET FORECAST & PROSPECTS
5.3. FRANCE
5.3.1. FRANCE
FLOATING POWER PLANT MARKET FORECAST & PROSPECTS
5.4. SPAIN
5.4.1. SPAIN
FLOATING POWER PLANT MARKET FORECAST & PROSPECTS
5.5. ITALY
5.5.1. ITALY
FLOATING POWER PLANT MARKET FORECAST & PROSPECTS
5.6. REST
OF EUROPE
5.6.1. REST
OF EUROPE FLOATING POWER PLANT MARKET FORECAST & PROSPECTS
6. COMPETITIVE
LANDSCAPE
6.1. SEATWIRL
AB
6.1.1. OVERVIEW
6.1.2. PRODUCT
PORTFOLIO
6.1.3. KEY
STRENGTHS
6.1.4. KEY
CHALLENGES
6.2. FLOATING
POWER PLANT AS
6.2.1. OVERVIEW
6.2.2. PRODUCT
PORTFOLIO
6.2.3. KEY
STRENGTHS
6.2.4. KEY
CHALLENGES
6.3. UPSOLAR
GROUP CO LTD
6.3.1. OVERVIEW
6.3.2. PRODUCT
PORTFOLIO
6.3.3. KEY
STRENGTHS
6.3.4. KEY
CHALLENGES
6.4. CATERPILLAR
INC
6.4.1. OVERVIEW
6.4.2. PRODUCT
PORTFOLIO
6.4.3. KEY
STRENGTHS
6.4.4. KEY
CHALLENGES
6.5. KYOCERA
CORPORATION
6.5.1. OVERVIEW
6.5.2. PRODUCT
PORTFOLIO
6.5.3. KEY
STRENGTHS
6.5.4. KEY
CHALLENGES
6.6. MITSUBISHI
CORPORATION
6.6.1. OVERVIEW
6.6.2. PRODUCT
PORTFOLIO
6.6.3. KEY
STRENGTHS
6.6.4. KEY
CHALLENGES
6.7. VIKRAM
SOLAR LIMITED
6.7.1. OVERVIEW
6.7.2. PRODUCT
PORTFOLIO
6.7.3. KEY
STRENGTHS
6.7.4. KEY
CHALLENGES
6.8. WARTSILA
CORPORATION
6.8.1. OVERVIEW
6.8.2. PRODUCT
PORTFOLIO
6.9. SIEMENS
AG
6.9.1. OVERVIEW
6.9.2. PRODUCT
PORTFOLIO
6.9.3. KEY
STRENGTHS
6.9.4. KEY
CHALLENGES
6.10. MAN
ENERGY SOLUTIONS SE
6.10.1. OVERVIEW
6.10.2. PRODUCT
PORTFOLIO
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE
1: EUROPE FLOATING POWER PLANT MARKET, BY COUNTRY OUTLOOK, 2023-2028 (IN $
MILLION)
TABLE
2: REGULATORY FRAMEWORK
TABLE
3: LIST OF COLLABORATIONS
TABLE
4: LIST OF PRODUCT LAUNCHES
TABLE
5: LIST OF MERGERS & ACQUISITIONS
TABLE
6: LIST OF BUSINESS DIVESTITURES & EXPANSIONS
TABLE
7: EUROPE FLOATING POWER PLANT MARKET, BY CAPACITY, 2023-2028 (IN $ MILLION)
TABLE
8: EUROPE FLOATING POWER PLANT MARKET, BY SOURCE, 2023-2028 (IN $ MILLION)
TABLE
9: EUROPE FLOATING POWER PLANT MARKET, BY COUNTRY OUTLOOK, 2023-2028 (IN $
MILLION)
FIGURE 1: INDUSTRY
COMPONENTS
FIGURE 2: EUROPE
FLOATING POWER PLANT MARKET, BY CAPACITY, 2022 & 2028 (IN %)
FIGURE 3: EUROPE
FLOATING POWER PLANT MARKET, BY 0 MW- 5 MW, 2023-2028 (IN $ MILLION)
FIGURE 4: EUROPE
FLOATING POWER PLANT MARKET, BY 5.1 MW- 20 MW, 2023-2028 (IN $ MILLION)
FIGURE 5: EUROPE
FLOATING POWER PLANT MARKET, BY 20 MW- 100 MW, 2023-2028 (IN $ MILLION)
FIGURE 6: EUROPE
FLOATING POWER PLANT MARKET, BY 100.1 MW- 250 MW, 2023-2028 (IN $ MILLION)
FIGURE 7: EUROPE
FLOATING POWER PLANT MARKET, BY ABOVE 250 MW, 2023-2028 (IN $ MILLION)
FIGURE 8: EUROPE
FLOATING POWER PLANT MARKET, BY SOURCE, 2022 & 2028 (IN %)
FIGURE 9: EUROPE
FLOATING POWER PLANT MARKET, BY NON-RENEWABLE POWER SOURCE, 2023-2028 (IN $
MILLION)
FIGURE 10: EUROPE
FLOATING POWER PLANT MARKET, BY RENEWABLE POWER SOURCE, 2023-2028 (IN $
MILLION)
FIGURE 11: UNITED
KINGDOM FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)
FIGURE 12: GERMANY FLOATING
POWER PLANT MARKET 2023-2028 (IN $ MILLION)
FIGURE 13: FRANCE
FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)
FIGURE 14: SPAIN
FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)
FIGURE 15: ITALY
FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)
FIGURE 16: REST OF
EUROPE FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)