DUBLIN, August 15, 2017 /PRNewswire/ --

The "Floating Power Plant Market by Power Source (Renewable (Gas Turbines, IC Engines), Non-Renewable (Solar Panels Floating Structures, Wind Turbines, Sub-Structure)), Capacity, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.

The global floating power plant market is expected to grow from an estimated USD 889.6 Million in 2017 to USD 1,440.1 Million by 2022, at a CAGR of 10.11%, from 2017 to 2022

The factors driving the floating power plant market includes increasing demand for power, coupled with the lack of power infrastructure, benefits over land based power plants (majorly as it eliminates the land acquisition related problems), and energy efficiency mandates and demand for clean energy (renewable energy source).

The report segments the floating power plant market, by power source, into renewable and non-renewable power sources. The non-renewable power segment holds a major share, and this is majorly due to the lack of power infrastructure, coupled with the upsurge in energy demand. The renewable power source segment is estimated to be the fastest growing segment, due to the increasing demand for energy efficiency mandates and demand for clean energy (renewable energy source).

Floating solar and wind have seen a rise in installations, owing to its benefits over the land based solar plants and the offshore wind farms. The floating solar energy source consists of key components, such as solar panel and floating structures.

Market Dynamics

Drivers

• Demand for Clean Energy to Drive Renewable Floating Power Plant Market
• Increasing Demand for Power, Coupled With the Lack of Power Infrastructure
• Benefits Over Land Based Power Plants

Restraints

• High Capital Cost Associated With Transportation, Logistics, & Accessibility Issues

Opportunities

• Developments in Floating Wind Farms
• R&D in Floating Power Plants

Challenges

• Growth in Distributed Energy Generation Affecting the Non-Renewable Generation

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Floating Power Plant Market, By Power Source

7 Floating Power Plant Market, By Capacity

8 Floating Power Plant Market, By Region

9 Competitive Landscape

10 Company Profiles

• Caterpillar Inc.
• Ciel & Terre International
• Floating Power Plant A/S
• General Electric Company
• Ideol Sa
• Kyocera Corporation
• Man Diesel & Turbo Se
• Mitsubishi Corporation
• Principle Power, Inc.
• Seatwirl Ab
• Siemens Ag
• Upsolar Global Co., Ltd
• Vikram Solar Pvt. Ltd.
• Wrtsil Corporation
• Yingli Green Energy Holding Company Limited

For more information about this report visit https://www.researchandmarkets.com/research/f5273c/floating_power

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SOURCE Research and Markets