Europe Floating Power Plant Market Forecast 2023-2028

The Europe floating power plant market is projected to register an 11.17% CAGR during the estimated period 2023-2028. Market growth is propelled by advanced technology investments, clean energy subsidies, strict carbon emissions regulations, and geopolitical crises prompting a shift towards renewables.

MARKET INSIGHTS

The Europe floating power plant market growth assessment includes a thorough analysis of Germany, the United Kingdom, Italy, Spain, France, and Rest of Europe. Spain possesses significant potential for offshore wind energy development thanks to its extensive coastline and favorable geography. The country's fixed offshore wind technological potential is 12 GW, while the floating offshore wind potential is 207 GW, as the Global Wind Energy Council reports. Spain is expected to offer 25-year concessions for floating solar projects, requiring developers to include grid connection licenses in project submissions, which benefits hydroelectric dams over water locations lacking grid capabilities.

On the other hand, France aims to increase its wind generation capacity to at least 21.8 GW by 2023. The French government announced changes to planning laws to facilitate this expansion, simplifying wind construction. In 2019, France unveiled ambitious plans to install 1 GW of offshore wind energy annually between 2020 and 2024, as outlined in the nation's new draft energy plan (PPE). While most wind power is generated onshore, France boasts one of the world's largest floating offshore wind power markets.

In Italy, floating wind activity is rising due to new regulations promoting large-scale installations. In March, the government introduced a proposed market framework that includes price support measures and 3.5 GW of offshore wind power auctions between 2023 and 2026.

COMPETITIVE INSIGHTS

Key market players include: Ciel & Terre International, Floating Power Plant A/S, 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: 16310

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. EUROPE
- 7.1.1. MARKET SIZE & ESTIMATES
- 7.1.2. EUROPE FLOATING POWER PLANT MARKET DRIVERS
- 7.1.3. EUROPE FLOATING POWER PLANT MARKET CHALLENGES
- 7.1.4. EUROPE FLOATING POWER PLANT REGULATORY FRAMEWORK
- 7.1.5. KEY PLAYERS IN EUROPE FLOATING POWER PLANT MARKET
- 7.1.6. COUNTRY ANALYSIS
  - 7.1.6.1. UNITED KINGDOM
  - 7.1.6.1.1. UNITED KINGDOM FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
  - 7.1.6.2. GERMANY
  - 7.1.6.2.1. GERMANY FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
  - 7.1.6.3. FRANCE
  - 7.1.6.3.1. FRANCE FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
  - 7.1.6.4. SPAIN
  - 7.1.6.4.1. SPAIN FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
  - 7.1.6.5. ITALY
  - 7.1.6.5.1. ITALY FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
  - 7.1.6.6. REST OF EUROPE
  - 7.1.6.6.1. REST OF EUROPE 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: 16310

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - FLOATING POWER PLANT
TABLE 2: EUROPE FLOATING POWER PLANT MARKET, BY SOURCE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 3: EUROPE FLOATING POWER PLANT MARKET, BY SOURCE, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 4: EUROPE FLOATING POWER PLANT MARKET, BY CAPACITY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 5: EUROPE FLOATING POWER PLANT MARKET, BY CAPACITY, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 6: EUROPE FLOATING POWER PLANT MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 7: EUROPE FLOATING POWER PLANT MARKET, BY COUNTRY, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 8: EUROPE FLOATING POWER PLANT MARKET REGULATORY FRAMEWORK
TABLE 9: KEY PLAYERS OPERATING IN EUROPE 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 GERMANY
FIGURE 4: MARKET CONCENTRATION ANALYSIS
FIGURE 5: VALUE CHAIN ANALYSIS
FIGURE 6: EUROPE FLOATING POWER PLANT MARKET, GROWTH POTENTIAL, BY SOURCE, IN 2022
FIGURE 7: EUROPE FLOATING POWER PLANT MARKET, BY RENEWABLE POWER SOURCE, 2023-2028 (IN $ MILLION)
FIGURE 8: EUROPE FLOATING POWER PLANT MARKET, BY NON-RENEWABLE POWER SOURCE, 2023-2028 (IN $ MILLION)
FIGURE 9: EUROPE FLOATING POWER PLANT MARKET, GROWTH POTENTIAL, BY CAPACITY, IN 2022
FIGURE 10: EUROPE FLOATING POWER PLANT MARKET, BY 0 MW- 5 MW, 2023-2028 (IN $ MILLION)
FIGURE 11: EUROPE FLOATING POWER PLANT MARKET, BY 5.1 MW- 20 MW, 2023-2028 (IN $ MILLION)
FIGURE 12: EUROPE FLOATING POWER PLANT MARKET, BY 20.1 MW- 100 MW, 2023-2028 (IN $ MILLION)
FIGURE 13: EUROPE FLOATING POWER PLANT MARKET, BY 100.1 MW- 250 MW, 2023-2028 (IN $ MILLION)
FIGURE 14: EUROPE FLOATING POWER PLANT MARKET, BY ABOVE 250 MW, 2023-2028 (IN $ MILLION)
FIGURE 15: EUROPE FLOATING POWER PLANT MARKET, COUNTRY OUTLOOK, 2022 & 2028 (IN %)
FIGURE 16: UNITED KINGDOM FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 17: GERMANY FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 18: FRANCE FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 19: FRANCE'S HYDROELECTRIC CAPACITY, BY REGION
FIGURE 20: SPAIN FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 21: ITALY FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 22: REST OF EUROPE FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)