Asia-pacific Floating Power Plant Market Forecast 2023-2028

The Asia-Pacific floating power plant market is set to propel with an 11.41% CAGR during the forecast period, 2023-2028. The market growth is driven by numerous development projects, dominance in floating solar PV, and emerging markets like Thailand, Vietnam, Indonesia, and Malaysia.

MARKET INSIGHTS

The Asia-Pacific floating power plant market growth assessment entails the analysis of Vietnam, China, India, Australia & New Zealand, South Korea, Japan, and Rest of Asia-Pacific. India presents significant potential for floating power plant development, with plans for the world's largest floating solar plant in Madhya Pradesh's Khandwa, expected to generate 600 MW by 2022-23, costing over ₹3000 crores. The Omkareshwar Dam on the Narmada River provides an extensive water body for the project.

South Korea possesses an offshore wind energy technical potential of 624 GW, with floating offshore wind energy comprising 546 GW. The nation leads in the region with large-scale tenders for floating offshore wind projects, promoting lower-cost generation. Through two legislative initiatives in 2019, South Korea's government aims to develop domestic expertise in offshore wind supply chain components, such as blades and generators. Funding commitments include KRW 28.5 billion for large-scale turbines from 2018-2022 and KRW 38 billion for floating wind research and development between 2020 and 2024.

On the other hand, Vietnam has considerable offshore wind development potential, attributable to its geography, economy, and political landscape. Under Power Master Plan VII, the Vietnamese government aims to expand wind power plant capacity to 6,000 MW by 2030, presenting substantial opportunities for the wind power market and ensuring steady demand over the next decade. With a 3,000 km coastline and wind speeds ranging from 5.5 to 7.3 meters per second, Vietnam's natural potential for wind capacity is highly favorable.

COMPETITIVE INSIGHTS

Some of the prominent market players include: Vikram Solar Limited, Upsolar Group Co Ltd, etc.

Our report offerings include:

Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 16308

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
- 2.4.1. IMPACT OF COVID-19
2.5. MAJOR MARKET FINDINGS
- 2.5.1. GROWING NUMBER OF RENEWABLE ENERGY PROJECTS
- 2.5.2. RISE IN TREND FOR OFFSHORE WIND PROJECT

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. SURGING DEMAND FOR CLEAN ENERGY
- 3.1.2. GOVERNMENT INVESTMENTS IN THE ENERGY INDUSTRY
3.2. KEY RESTRAINTS
- 3.2.1. HIGH PROJECT COSTS
- 3.2.2. TECHNICAL CHALLENGES INVOLVED IN FLOATING POWER PLANTS

4. KEY ANALYTICS

4.1. ASSESSMENT OF SHIP-BASED FLOATING POWER PLANTS
- 4.1.1. DEVELOPMENTS RELATED TO SHIP-BASED FLOATING POWER PLANTS
4.2. KEY MARKET TRENDS
4.3. PORTER'S FIVE FORCES ANALYSIS
- 4.3.1. BUYERS POWER
- 4.3.2. SUPPLIERS POWER
- 4.3.3. SUBSTITUTION
- 4.3.4. NEW ENTRANTS
- 4.3.5. INDUSTRY RIVALRY
4.4. GROWTH PROSPECT MAPPING
4.5. MARKET MATURITY ANALYSIS
4.6. MARKET CONCENTRATION ANALYSIS
4.7. VALUE CHAIN ANALYSIS
- 4.7.1. RAW MATERIALS & COMPONENT SUPPLIERS
- 4.7.2. OEMS
- 4.7.3. EPC COMPANIES & DEVELOPERS

5. MARKET BY SOURCE

5.1. RENEWABLE POWER SOURCE
- 5.1.1. MARKET FORECAST FIGURE
- 5.1.2. SEGMENT ANALYSIS
5.2. NON-RENEWABLE POWER SOURCE
- 5.2.1. MARKET FORECAST FIGURE
- 5.2.2. SEGMENT ANALYSIS

6. MARKET BY CAPACITY

6.1. 0 MW- 5 MW
- 6.1.1. MARKET FORECAST FIGURE
- 6.1.2. SEGMENT ANALYSIS
6.2. 5.1 MW- 20 MW
- 6.2.1. MARKET FORECAST FIGURE
- 6.2.2. SEGMENT ANALYSIS
6.3. 20.1 MW- 100 MW
- 6.3.1. MARKET FORECAST FIGURE
- 6.3.2. SEGMENT ANALYSIS
6.4. 100.1 MW- 250 MW
- 6.4.1. MARKET FORECAST FIGURE
- 6.4.2. SEGMENT ANALYSIS
6.5. ABOVE 250 MW
- 6.5.1. MARKET FORECAST FIGURE
- 6.5.2. SEGMENT ANALYSIS

7. GEOGRAPHICAL ANALYSIS

7.1. ASIA-PACIFIC
- 7.1.1. MARKET SIZE & ESTIMATES
- 7.1.2. ASIA-PACIFIC FLOATING POWER PLANT MARKET DRIVERS
- 7.1.3. ASIA-PACIFIC FLOATING POWER PLANT MARKET CHALLENGES
- 7.1.4. ASIA-PACIFIC FLOATING POWER PLANT MARKET REGULATORY FRAMEWORK
- 7.1.5. KEY PLAYERS IN ASIA-PACIFIC FLOATING POWER PLANT MARKET
- 7.1.6. COUNTRY ANALYSIS
  - 7.1.6.1. CHINA
  - 7.1.6.1.1. CHINA FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
  - 7.1.6.2. JAPAN
  - 7.1.6.2.1. JAPAN FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
  - 7.1.6.3. INDIA
  - 7.1.6.3.1. INDIA FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
  - 7.1.6.4. SOUTH KOREA
  - 7.1.6.4.1. SOUTH KOREA FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
  - 7.1.6.5. VIETNAM
  - 7.1.6.5.1. VIETNAM FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
  - 7.1.6.6. AUSTRALIA & NEW ZEALAND
  - 7.1.6.6.1. AUSTRALIA & NEW ZEALAND FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
  - 7.1.6.7. REST OF ASIA-PACIFIC
  - 7.1.6.7.1. REST OF ASIA-PACIFIC FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES

8. COMPETITIVE LANDSCAPE

8.1. KEY STRATEGIC DEVELOPMENTS
- 8.1.1. MERGERS & ACQUISITIONS
- 8.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 8.1.3. PARTNERSHIPS & AGREEMENTS
- 8.1.4. BUSINESS EXPANSIONS & DIVESTITURES
8.2. COMPANY PROFILES
- 8.2.1. BW IDEOL
  - 8.2.1.1. COMPANY OVERVIEW
  - 8.2.1.2. PRODUCTS LIST
- 8.2.2. CATERPILLAR INC
  - 8.2.2.1. COMPANY OVERVIEW
  - 8.2.2.2. PRODUCTS LIST
  - 8.2.2.3. STRENGTHS & CHALLENGES
- 8.2.3. CIEL & TERRE INTERNATIONAL
  - 8.2.3.1. COMPANY OVERVIEW
  - 8.2.3.2. PRODUCTS LIST
  - 8.2.3.3. STRENGTHS & CHALLENGES
- 8.2.4. FLOATING POWER PLANT A/S
  - 8.2.4.1. COMPANY OVERVIEW
  - 8.2.4.2. PRODUCTS LIST
  - 8.2.4.3. STRENGTHS & CHALLENGES
- 8.2.5. GENERAL ELECTRIC
  - 8.2.5.1. COMPANY OVERVIEW
  - 8.2.5.2. PRODUCTS LIST
- 8.2.6. KARPOWERSHIP
  - 8.2.6.1. COMPANY OVERVIEW
  - 8.2.6.2. PRODUCTS LIST
- 8.2.7. KYOCERA CORPORATION
  - 8.2.7.1. COMPANY OVERVIEW
  - 8.2.7.2. PRODUCTS LIST
  - 8.2.7.3. STRENGTHS & CHALLENGES
- 8.2.8. MAN ENERGY SOLUTIONS SE
  - 8.2.8.1. COMPANY OVERVIEW
  - 8.2.8.2. PRODUCTS LIST
- 8.2.9. MITSUBISHI CORPORATION
  - 8.2.9.1. COMPANY OVERVIEW
  - 8.2.9.2. PRODUCTS LIST
  - 8.2.9.3. STRENGTHS & CHALLENGES
- 8.2.10. SEATWIRL AB
  - 8.2.10.1. COMPANY OVERVIEW
  - 8.2.10.2. PRODUCTS LIST
  - 8.2.10.3. STRENGTHS & CHALLENGES
- 8.2.11. SIEMENS AG
  - 8.2.11.1. COMPANY OVERVIEW
  - 8.2.11.2. PRODUCTS LIST
  - 8.2.11.3. STRENGTHS & CHALLENGES
- 8.2.12. UPSOLAR GROUP CO LTD
  - 8.2.12.1. COMPANY OVERVIEW
  - 8.2.12.2. PRODUCTS LIST
  - 8.2.12.3. STRENGTHS & CHALLENGES
- 8.2.13. VIKRAM SOLAR LIMITED
  - 8.2.13.1. COMPANY OVERVIEW
  - 8.2.13.2. PRODUCTS LIST
  - 8.2.13.3. STRENGTHS & CHALLENGES
- 8.2.14. WARTSILA CORPORATION
  - 8.2.14.1. COMPANY OVERVIEW
  - 8.2.14.2. PRODUCTS LIST

Product Code: 16308

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - FLOATING POWER PLANT
TABLE 2: ASIA-PACIFIC FLOATING POWER PLANT MARKET, BY SOURCE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 3: ASIA-PACIFIC FLOATING POWER PLANT MARKET, BY SOURCE, c (IN $ MILLION)
TABLE 4: ASIA-PACIFIC FLOATING POWER PLANT MARKET, BY CAPACITY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC FLOATING POWER PLANT MARKET, BY CAPACITY, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC FLOATING POWER PLANT MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC FLOATING POWER PLANT MARKET, BY COUNTRY, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC FLOATING POWER PLANT MARKET REGULATORY FRAMEWORK
TABLE 9: KEY PLAYERS OPERATING IN ASIA-PACIFIC FLOATING POWER PLANT MARKET
TABLE 10: LIST OF MERGERS & ACQUISITIONS
TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 13: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR CHINA
FIGURE 4: MARKET CONCENTRATION ANALYSIS
FIGURE 5: VALUE CHAIN ANALYSIS
FIGURE 6: ASIA-PACIFIC FLOATING POWER PLANT MARKET, GROWTH POTENTIAL, BY SOURCE, IN 2022
FIGURE 7: ASIA-PACIFIC FLOATING POWER PLANT MARKET, BY RENEWABLE POWER SOURCE, 2023-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC FLOATING POWER PLANT MARKET, BY NON-RENEWABLE POWER SOURCE, 2023-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC FLOATING POWER PLANT MARKET, GROWTH POTENTIAL, BY CAPACITY, IN 2022
FIGURE 10: ASIA-PACIFIC FLOATING POWER PLANT MARKET, BY 0 MW- 5 MW, 2023-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC FLOATING POWER PLANT MARKET, BY 5.1 MW- 20 MW, 2023-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC FLOATING POWER PLANT MARKET, BY 20.1 MW- 100 MW, 2023-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC FLOATING POWER PLANT MARKET, BY 100.1 MW- 250 MW, 2023-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC FLOATING POWER PLANT MARKET, BY ABOVE 250 MW, 2023-2028 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC FLOATING POWER PLANT MARKET, COUNTRY OUTLOOK, 2022 & 2028 (IN%)
FIGURE 16: CHINA FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 17: JAPAN FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 18: INDIA FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 19: SOUTH KOREA FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 20: VIETNAM FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 21: AUSTRALIA & NEW ZEALAND FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 22: REST OF ASIA-PACIFIC FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)