Triton Market Research’s report insinuates that the floating power plant market in Europe will display a compound annual growth rate of 11.17% in revenue during 2023-2028. Italy, the United Kingdom, Germany, Spain, France, and the Rest of Europe are assessed in the given region.
Germany is among the largest consumers of natural gas in the region. Moreover, its economy is largely dependent on energy imports from other nations. In this regard, renewable sources are estimated to generate substantial returns, owing to the growing adoption of these sources. For instance, the government has set targets to increase renewable capacity, including offshore wind targets, which are expected to generate novel opportunities for the floating power plant market.
Further, France generates approximately 70% of its electricity from a nuclear fleet of reactors. The country, however, aims to increase its wind generation capacity. Given this objective, the government announced changes to planning laws, making the construction of offshore projects convenient. Although most wind power is generated onshore, the nation has one of the largest floating wind power sectors. Therefore, these factors fuel the floating power plant market’s expansion nationwide.
COMPETITIVE OUTLOOK
The notable companies in the floating power plant market comprise Floating Power Plan AS, Caterpillar Inc, Kyocera Corporation, Mitsubishi Corporation, and Vikram Solar Limited.
1. 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 List
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 List
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)