Global Floating Power Plant Market 2022-2026

Global Floating Power Plant Market 2022-2026

Technavio has been monitoring the floating power plant market and it is poised to grow by 10009.26 MW during 2022-2026, accelerating at a CAGR of 12.57% during the forecast period. Our report on the floating power plant market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the need for alternate power solutions, the benefits of floating solar panels, and the continued growth of market activities in renewable power.

The floating power plant market analysis includes the technology segment and geographic landscape.

Technavio's floating power plant market is segmented as below:

By Technology

  • Non-renewable
  • Renewable
By Geographical Landscape
  • APAC
  • Middle East and Africa
  • Europe
  • North America
  • South America
This study identifies the hybrid floating solar power plants as one of the prime reasons driving the floating power plant market growth during the next few years. Also, the development of floating offshore wind and advances in technology will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the floating power plant market covers the following areas:
  • Floating power plant market sizing
  • Floating power plant market forecast
  • Floating power plant market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading floating power plant market vendors that include Burmeister and Wain Scandinavian Contractor AS, BW Offshore Ltd, Caterpillar Inc., Ciel and Terre International, Equinor ASA, Floating Power Plant AS, Hydrosun Pty Ltd., Karadeniz Holding, Kawasaki Heavy Industries Ltd., Kyocera Corp., Mitsubishi Heavy Industries Ltd., Principle Power Inc., SeaTwirl AB, Siemens Energy AG, Sinovoltaics Group Ltd., General Electric Co, Trina Solar Co. Ltd., Vikram Solar Ltd., Volkswagen AG, and Wartsila Corp. Also, the floating power plant market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Chart on Market Overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Chart on Global Market Characteristics
      • Table Executive Summary - Chart on Market by Geography
      • Table Executive Summary - Chart on Market Segmentation by Technology
      • Table Executive Summary - Chart on Incremental Growth
      • Table Executive Summary - Data Table on Incremental Growth 2021 2026
      • Table Executive Summary - Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2021
    • Market outlook: Forecast for 2021-2026
      • Table Chart on Global - Market size and forecast 2021-2026 (MW)
      • Table Data Table on Global - Market size and forecast 2021-2026 (MW)
      • Table Chart on Global Market- Year-over-year growth 2021-2026 (%)
      • Table Data Table on Global Market- Year-over-year growth 2021-2026 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2021 and 2026
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers - Impact of key factors in 2021 and 2026
    • Threat of new entrants
      • Table Threat of new entrants - Impact of key factors in 2021 and 2026
    • Threat of substitutes
      • Table Threat of substitutes - Impact of key factors in 2021 and 2026
    • Threat of rivalry
      • Table Threat of rivalry - Impact of key factors in 2021 and 2026
    • Market condition
      • Table Chart on Market condition - Five forces 2021 and 2026
  • Market Segmentation by Technology
    • Market segments
      • Table Chart on Technology - Market share 2021-2026 (%)
      • Table Data Table on Technology - Market share 2021-2026 (%)
    • Comparison by Technology
      • Table Chart on Comparison by Technology
      • Table Data Table on Comparison by Technology
    • Non-renewable - Market size and forecast 2021-2026
      • Table Chart on Non-renewable - Market size and forecast 2021-2026 (MW)
      • Table Data Table on Non-renewable - Market size and forecast 2021-2026 (MW)
      • Table Chart on Non-renewable - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Non-renewable - Year-over-year growth 2021-2026 (%)
    • Renewable - Market size and forecast 2021-2026
      • Table Chart on Renewable - Market size and forecast 2021-2026 (MW)
      • Table Data Table on Renewable - Market size and forecast 2021-2026 (MW)
      • Table Chart on Renewable - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Renewable - Year-over-year growth 2021-2026 (%)
    • Market opportunity by Technology
      • Table Market opportunity by Technology (MW)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2021-2026 (%)
      • Table Data Table on Market share by geography 2021-2026 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2021-2026
      • Table Chart on APAC - Market size and forecast 2021-2026 (MW)
      • Table Data Table on APAC - Market size and forecast 2021-2026 (MW)
      • Table Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Table Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • Middle East and Africa - Market size and forecast 2021- 2026
      • Table Chart on Middle East and Africa - Market size and forecast 2021-2026 (MW)
      • Table Data Table on Middle East and Africa - Market size and forecast 2021-2026 (MW)
      • Table Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Europe - Market size and forecast 2021-2026
      • Table Chart on Europe - Market size and forecast 2021-2026 (MW)
      • Table Data Table on Europe - Market size and forecast 2021-2026 (MW)
      • Table Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • North America - Market size and forecast 2021-2026
      • Table Chart on North America - Market size and forecast 2021-2026 (MW)
      • Table Data Table on North America - Market size and forecast 2021-2026 (MW)
      • Table Chart on North America - Year-over-year growth 2021-2026 (%)
      • Table Data Table on North America - Year-over-year growth 2021-2026 (%)
    • South America - Market size and forecast 2021-2026
      • Table Chart on South America - Market size and forecast 2021-2026 (MW)
      • Table Data Table on South America - Market size and forecast 2021-2026 (MW)
      • Table Chart on South America - Year-over-year growth 2021-2026 (%)
      • Table Data Table on South America - Year-over-year growth 2021-2026 (%)
    • China - Market size and forecast 2021-2026
      • Table Chart on China - Market size and forecast 2021-2026 (MW)
      • Table Data Table on China - Market size and forecast 2021-2026 (MW)
      • Table Chart on China - Year-over-year growth 2021-2026 (%)
      • Table Data Table on China - Year-over-year growth 2021-2026 (%)
    • Japan - Market size and forecast 2021-2026
      • Table Chart on Japan - Market size and forecast 2021-2026 (MW)
      • Table Data Table on Japan - Market size and forecast 2021-2026 (MW)
      • Table Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • United Arab Emirates - Market size and forecast 2021- 2026
      • Table Chart on United Arab Emirates - Market size and forecast 2021-2026 (MW)
      • Table Data Table on United Arab Emirates - Market size and forecast 2021-2026 (MW)
      • Table Chart on United Arab Emirates - Year-over-year growth 2021-2026 (%)
      • Table Data Table on United Arab Emirates - Year-over-year growth 2021-2026 (%)
    • Saudi Arabia - Market size and forecast 2021-2026
      • Table Chart on Saudi Arabia - Market size and forecast 2021-2026 (MW)
      • Table Data Table on Saudi Arabia - Market size and forecast 2021-2026 (MW)
      • Table Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
    • US - Market size and forecast 2021-2026
      • Table Chart on US - Market size and forecast 2021-2026 (MW)
      • Table Data Table on US - Market size and forecast 2021-2026 (MW)
      • Table Chart on US - Year-over-year growth 2021-2026 (%)
      • Table Data Table on US - Year-over-year growth 2021-2026 (%)
    • India - Market size and forecast 2021-2026
      • Table Chart on India - Market size and forecast 2021-2026 (MW)
      • Table Data Table on India - Market size and forecast 2021-2026 (MW)
      • Table Chart on India - Year-over-year growth 2021-2026 (%)
      • Table Data Table on India - Year-over-year growth 2021-2026 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography (MW)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Need for alternate power solution
      • Benefits of floating solar panels
      • Continued growth of market activities in renewable power
    • Market challenges
      • High project cost
      • Increasing investment in electricity network for accelerating energy access
      • Competition from alternative decentralized power generation systems
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2021 and 2026
    • Market trends
      • Hybrid floating solar power plants
      • Development of floating offshore wind
      • Advances in technology
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Burmeister and Wain Scandinavian Contractor AS
      • Table Burmeister and Wain Scandinavian Contractor AS - Overview
      • Table Burmeister and Wain Scandinavian Contractor AS - Business segments
      • Table Burmeister and Wain Scandinavian Contractor AS - Key offerings
      • Table Burmeister and Wain Scandinavian Contractor AS - Segment focus
    • BW Offshore Ltd
      • Table BW Offshore Ltd - Overview
      • Table BW Offshore Ltd - Product / Service
      • Table BW Offshore Ltd - Key offerings
    • Caterpillar Inc.
      • Table Caterpillar Inc. - Overview
      • Table Caterpillar Inc. - Business segments
      • Table Caterpillar Inc. - Key offerings
      • Table Caterpillar Inc. - Segment focus
    • Ciel and Terre International
      • Table Ciel and Terre International - Overview
      • Table Ciel and Terre International - Product / Service
      • Table Ciel and Terre International - Key offerings
    • Floating Power Plant AS
      • Table Floating Power Plant AS - Overview
      • Table Floating Power Plant AS - Product / Service
      • Table Floating Power Plant AS - Key offerings
    • General Electric Co
      • Table General Electric Co - Overview
      • Table General Electric Co - Business segments
      • Table General Electric Co - Key news
      • Table General Electric Co - Key offerings
      • Table General Electric Co - Segment focus
    • Karadeniz Holding
      • Table Karadeniz Holding - Overview
      • Table Karadeniz Holding - Product / Service
      • Table Karadeniz Holding - Key offerings
    • Kawasaki Heavy Industries Ltd.
      • Table Kawasaki Heavy Industries Ltd. - Overview
      • Table Kawasaki Heavy Industries Ltd. - Business segments
      • Table Kawasaki Heavy Industries Ltd. - Key news
      • Table Kawasaki Heavy Industries Ltd. - Key offerings
      • Table Kawasaki Heavy Industries Ltd. - Segment focus
    • Kyocera Corp.
      • Table Kyocera Corp. - Overview
      • Table Kyocera Corp. - Business segments
      • Table Kyocera Corp. - Key offerings
      • Table Kyocera Corp. - Segment focus
    • Principle Power Inc.
      • Table Principle Power Inc. - Overview
      • Table Principle Power Inc. - Product / Service
      • Table Principle Power Inc. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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