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Global Floating Power Plant Market Outlook 2019-2023 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Floating Power Plant Market – Outlook (2019-23)" report has been added to ResearchAndMarkets.com's offering.

The global FPP market is expected to grow with a CAGR of 8.15% during the forecast period 2018-2023.

FPP is used to meet power demands in areas with limited infrastructure and also capable of providing secure power in the event of floods and earthquakes.

The various sources of energy used in the FPPs include oil & gas, solar, wind, hydro, nuclear and many others. FPPs have advantages over land power plants as FPPs are installed on floating structures so they are not dependent on soil quality. FPPs have the ability to relocate based on the requirement of power.

These FPPs convert the power generated through the various sources of energy to supply electricity to the areas with less access to proper infrastructure. In the present scenario, it is seen that North America is showing significant growth and the region has a high scope for expansion in the FPP market due to its higher economic power and its regulations to focus on clean energy.

Europe to grow with the highest growth rate

FPP market is still growing in the Europe region and it has enormous opportunities for expansion. The region, being economically strong, has the capacity to introduce FPPs to generate clean energy. The implementation of carbon tax and regulations on reducing the emission of greenhouse gases to the environment have provided Europe with huge opportunities for growth. Asia Pacific region is expected to continue to dominate the FPP market due to scarcity of land and a growing population leading to increasing demand for power.

Oil/gas FPP to dominate the global market

FPPs using oil/gas as a source of energy are dominating the global market in the year 2018 and it is estimated to continue to lead the market during the forecast period. The abundant availability of fossil fuels and their non-dependency on weather conditions have resulted in their high market share in the global FPP market. Solar FPP is expected to show a high growth rate during the forecast period due to the high adoption of solar energy solutions in developing and developed countries.

The Underlying Challenges

FPPs, though they have many advantages over land power plants and can reduce global warming effects, also face many challenges too which are limiting growth. High capital investment associated with transportation and logistics and installment cost of power plant on floating structures have been major roadblocks to the FPP market. Solar FPPs require installment of solar panels which would require most of the surface area to be covered and even floating structures would require large space, this would disturb the operations in the water bodies. Floating structures would restrict the penetration of sunlight through the water surface which would interrupt the photosynthesis thus making it impossible for aquatic plants to survive.

Key Topics Covered:

1. Executive Summary

2. Research and Forecasting

  • Research Methodology
  • Forecasting Methodology

3. Industry Landscape

  • Market Size and Growth
  • Competitive Landscape
  • Market Share
  • Company Classification
  • Region Outlook
  • Market Metrics
  • Porter's Five Forces Model
  • Key Drivers Analysis
  • Key Constraints Analysis
  • Key Opportunities Identified
  • Key Challenges Identified

4. Market Segmentation

  • By Region
  • By Industry
  • By End-User
  • By Pricing
  • Others

For more information about this report visit https://www.researchandmarkets.com/r/9wn7na



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