Market by Capacity, Source, and Country Outlook | Forecast 2023-2028
Triton Market Research’s report indicates that the floating power plant market in North America is anticipated to progress with a compound annual growth rate of 11.22% during the forecasting years 2023-2028.
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The
countries explored in the region are:
•
United States
•
Canada
Several initiatives by the national and state
governments to promote solar energy are majorly driving the market’s potential
in the region. For instance, the Solar Powering American Program is an
interagency initiative between the US Department of Energy, Agriculture (USDA),
Housing and Urban Development, and EPA. Similarly, several programs have been
initiated in Canada to expand the commercial application of renewable energy
sources to reduce GHG emissions. These steps are anticipated to augment the
establishment of floating plants, simultaneously fueling the market.
The
United States holds the highest share of the market. The floating power plant sector is considered
a major development area due to the availability of large coastal areas. The
nation ranks the second-largest in terms of total installed wind energy
capacity. In this regard, in 2021, the net power generation via wind power
reached around 379.77 billion kilowatt-hours, powering more than 10 states.
Such developments are expected to support the establishment of more floating
energy plants.
Further, California hosts the largest floating
solar farm at Healdsburg’s wastewater treatment plant. It consists of 11,600
solar panels with a capacity of 4.8 MW, meeting significant power needs.
Additionally, the panels serve as a protective barrier for the water, reducing
the loss of water via evaporation. This plant provides around 48% of the city’s
electricity via renewable sources. Hence, these factors boost the floating
power plant market’s growth immensely across the US.
20 MW- 100 MW capacity power plants generate
energy via various renewable and non-renewable sources. However, they are
mostly based on renewable sources, including solar and wind. Easy relocation, clean
energy production, and secure grid supply are some of the key benefits. This
segment’s growth is mostly based on the expansion of solar and wind-based power
plant projects, which are anticipated to soar over the forecast period. The reviewed market is categorized into
capacity and source. The capacity section further includes 20 MW-100 MW,
100.1 MW-250 MW, 0 MW-5 MW, 5.1 MW-20 MW, and above 250 MW.
The
leading companies in the market include Caterpillar Inc, Floating Power Plant
AS, SeaTwirl AB, and Upsolar Group Co Ltd.
Caterpillar Inc is a manufacturer of energy
equipment, construction, and transportation. It manufactures and markets
industrial gas turbines, mining equipment, and natural gas engines, among
others. Its portfolio also includes asphalt pavers, compactors, draglines, and
integrated systems. Caterpillar offers retail and wholesale financing solutions
to customers and dealers. The company operates through various subsidiaries
across multiple regions. It is headquartered in Illinois, the United States.
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 North America 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 NA
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. NORTH
AMERICA 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. NORTH
AMERICA 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. NORTH
AMERICA FLOATING POWER PLANT MARKET – BY SOURCE
4.1. NON-RENEWABLE
POWER SOURCE
4.2. RENEWABLE
POWER SOURCE
5. NORTH
AMERICA FLOATING POWER PLANT MARKET – BY COUNTRY OUTLOOK
5.1. UNITED
STATES
5.1.1. UNITED
STATES FLOATING POWER PLANT MARKET FORECAST & PROSPECTS
5.2. CANADA
5.2.1. CANADA
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
6.8.3. KEY
STRENGTHS
6.8.4. KEY
CHALLENGES
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: NORTH AMERICA
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: NORTH AMERICA
FLOATING POWER PLANT MARKET, BY CAPACITY, 2023-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA
FLOATING POWER PLANT MARKET, BY SOURCE, 2023-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA
FLOATING POWER PLANT MARKET, BY COUNTRY OUTLOOK, 2023-2028 (IN $ MILLION)
FIGURE 1: INDUSTRY
COMPONENTS
FIGURE 2: NORTH AMERICA
FLOATING POWER PLANT MARKET, BY CAPACITY, 2022 & 2028 (IN %)
FIGURE 3: NORTH AMERICA
FLOATING POWER PLANT MARKET, BY 0 MW- 5 MW, 2023-2028 (IN $ MILLION)
FIGURE 4: NORTH AMERICA
FLOATING POWER PLANT MARKET, BY 5.1 MW- 20 MW, 2023-2028 (IN $ MILLION)
FIGURE 5: NORTH AMERICA
FLOATING POWER PLANT MARKET, BY 20 MW- 100 MW, 2023-2028 (IN $ MILLION)
FIGURE 6: NORTH AMERICA
FLOATING POWER PLANT MARKET, BY 100.1 MW- 250 MW, 2023-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA
FLOATING POWER PLANT MARKET, BY ABOVE 250 MW, 2023-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA
FLOATING POWER PLANT MARKET, BY SOURCE, 2022 & 2028 (IN %)
FIGURE 9: NORTH AMERICA
FLOATING POWER PLANT MARKET, BY NON-RENEWABLE POWER SOURCE, 2023-2028 (IN $
MILLION)
FIGURE 10: NORTH
AMERICA FLOATING POWER PLANT MARKET, BY RENEWABLE POWER SOURCE, 2023-2028 (IN $
MILLION)
FIGURE 11: UNITED
STATES FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)
FIGURE 12: CANADA
FLOATING POWER PLANT MARKET 2023-2028 (IN $ MILLION)