Middle East And Africa Floating Power Plant Market 2023-2028
MARKET OUTLOOK
Triton Market Research’s report suggests that the floating power plant market in the Middle East and Africa is expected to advance in revenue at a compound annual growth rate of 6.59% during the forecast years 2023-2030. Turkey, Saudi Arabia, South Africa, the UAE, and Rest of Middle East & Africa are reviewed in the studied region.
In the region, the UAE is engaged in various sustainable projects. In this regard, the nation has been growing in ecological innovations, ranging from plant-based water bottles to the first floating solar power plant located off the island in Abu Dhabi. The plant commenced operation in February 2020, headed by Enerwhere, to accelerate sustainable energy production. Such developments are estimated to create opportunities for the floating power plant market.
On the other hand, Turkey has commenced the development of a floating solar power plant that aims to use unused space on top of freshwater sources to meet the growing energy demand. Using this space in the city’s water basins and ponds, Istanbul has increased its commitment to increasing renewable energy supply. Therefore, the growing power demand creates numerous growth prospects for the floating power plant market across Turkey.
COMPETITIVE OUTLOOK
The notable companies in the floating power plant include Upsolar Group Co Ltd, Kyocera Corporation, SeaTwirl AB, Mitsubishi Corporation, and Siemens AG.
1. Middle East And Africa 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. Risng 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. Middle East And Africa 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. Middle East And Africa Floating Power Plant Market – By Source
4.1. Non-renewable Power Source
4.2. Renewable Power Source
5. Middle East And Africa Floating Power Plant Market – By Country Outlook
5.1. United Arab Emirates
5.1.1. United Arab Emirates Floating Power Plant Market Forecast & Prospects
5.2. Saudi Arabia
5.2.1. Saudi Arabia Floating Power Plant Market Forecast & Prospects
5.3. Turkey
5.3.1. Turkey Floating Power Plant Market Forecast & Prospects
5.4. South Africa
5.4.1. South Africa Floating Power Plant Market Forecast & Prospects
5.5. Rest Of Middle East And Africa
5.5.1. Rest Of Middle East And Africa 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: Middle East And Africa 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: Middle East And Africa Floating Power Plant Market, By Capacity, 2023-2028 (In $ Million)
Table 8: Middle East And Africa Floating Power Plant Market, By Source, 2023-2028 (In $ Million)
Table 9: Middle East And Africa Floating Power Plant Market, By Country Outlook, 2023-2028 (In $ Million)
Figure List
Figure 1: Industry Components
Figure 2: Middle East And Africa Floating Power Plant Market, By Capacity, 2022 & 2028 (In %)
Figure 3: Middle East And Africa Floating Power Plant Market, By 0 Mw- 5 Mw, 2023-2028 (In $ Million)
Figure 4: Middle East And Africa Floating Power Plant Market, By 5.1 Mw- 20 Mw, 2023-2028 (In $ Million)
Figure 5: Middle East And Africa Floating Power Plant Market, By 20 Mw- 100 Mw, 2023-2028 (In $ Million)
Figure 6: Middle East And Africa Floating Power Plant Market, By 100.1 Mw- 250 Mw, 2023-2028 (In $ Million)
Figure 7: Middle East And Africa Floating Power Plant Market, By Above 250 Mw, 2023-2028 (In $ Million)
Figure 8: Middle East And Africa Floating Power Plant Market, By Source, 2022 & 2028 (In %)
Figure 9: Middle East And Africa Floating Power Plant Market, By Non-renewable Power Source, 2023-2028 (In $ Million)
Figure 10: Middle East And Africa Floating Power Plant Market, By Renewable Power Source, 2023-2028 (In $ Million)
Figure 11: United Arab Emirates Floating Power Plant Market 2023-2028 (In $ Million)
Figure 12: Saudi Arabia Floating Power Plant Market 2023-2028 (In $ Million)
Figure 13: Turkey Floating Power Plant Market 2023-2028 (In $ Million)
Figure 14: South Africa Floating Power Plant Market 2023-2028 (In $ Million)
Figure 15: Rest Of Middle East And Africa Floating Power Plant Market 2023-2028 (In $ Million)