North America Floating Power Plant Market Forecast 2023-2028

The North America floating power plant market is estimated to grow with an 11.22% CAGR between the forecasted years 2023 and 2028. Market growth is set to surge by government initiatives promoting solar energy, carbon emission targets, increasing utility-scale solar projects, and significant public and private sector investments in solar energy.

MARKET INSIGHTS

The North America floating power plant market growth evaluation includes an analysis of the United States and Canada. A spokesperson for Natural Resources Canada highlighted the country's considerable potential for floating solar power, attributing it to Canada's vast size and numerous water bodies. However, the technology remains largely undeveloped in Canada, with no floating solar projects currently funded by Natural Resources Canada.

The agency cites three primary reasons, which include the high cost of floating solar compared to ground-mounted solar, limited sunlight hours at northern latitudes, and concerns regarding ice coverage in northern hydropower reservoirs, often the preferred sites for such technology. Natural Resources Canada acknowledges that many of its hydropower plants feature reservoirs and indicates that federal funding is available through the Smart Renewables and Electrification Pathways Program for future projects that fulfill its criteria.

COMPETITIVE INSIGHTS

Major market players include: General Electric, Caterpillar Inc, 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: 16312

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. NORTH AMERICA
- 7.1.1. MARKET SIZE & ESTIMATES
- 7.1.2. NORTH AMERICA FLOATING POWER PLANT MARKET DRIVERS
- 7.1.3. NORTH AMERICA FLOATING POWER PLANT MARKET CHALLENGES
- 7.1.4. NORTH AMERICA FLOATING POWER PLANT MARKET REGULATORY FRAMEWORK
- 7.1.5. KEY PLAYERS IN NORTH AMERICA FLOATING POWER PLANT MARKET
- 7.1.6. COUNTRY ANALYSIS
  - 7.1.6.1. UNITED STATES
  - 7.1.6.1.1. UNITED STATES FLOATING POWER PLANT MARKET SIZE & OPPORTUNITIES
  - 7.1.6.2. CANADA
  - 7.1.6.2.1. CANADA 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: 16312

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - FLOATING POWER PLANT
TABLE 2: NORTH AMERICA FLOATING POWER PLANT MARKET, BY SOURCE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 3: NORTH AMERICA FLOATING POWER PLANT MARKET, BY SOURCE, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 4: NORTH AMERICA FLOATING POWER PLANT MARKET, BY CAPACITY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 5: NORTH AMERICA FLOATING POWER PLANT MARKET, BY CAPACITY, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA FLOATING POWER PLANT MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 7: NORTH AMERICA FLOATING POWER PLANT MARKET, BY COUNTRY, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA REGULATORY FRAMEWORK
TABLE 9: KEY PLAYERS OPERATING IN NORTH AMERICA 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 UNITED STATES
FIGURE 4: MARKET CONCENTRATION ANALYSIS
FIGURE 5: VALUE CHAIN ANALYSIS
FIGURE 6: NORTH AMERICA FLOATING POWER PLANT MARKET, GROWTH POTENTIAL, BY SOURCE, IN 2022
FIGURE 7: NORTH AMERICA FLOATING POWER PLANT MARKET, BY RENEWABLE POWER SOURCE, 2023-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA FLOATING POWER PLANT MARKET, BY NON-RENEWABLE POWER SOURCE, 2023-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA FLOATING POWER PLANT MARKET, GROWTH POTENTIAL, BY CAPACITY, IN 2022
FIGURE 10: NORTH AMERICA FLOATING POWER PLANT MARKET, BY 0 MW- 5 MW, 2023-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA FLOATING POWER PLANT MARKET, BY 5.1 MW- 20 MW, 2023-2028 (IN $ MILLION)
FIGURE 12: NORTH AMERICA FLOATING POWER PLANT MARKET, BY 20.1 MW- 100 MW, 2023-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA FLOATING POWER PLANT MARKET, BY 100.1 MW- 250 MW, 2023-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA FLOATING POWER PLANT MARKET, BY ABOVE 250 MW, 2023-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA FLOATING POWER PLANT MARKET, COUNTRY OUTLOOK, 2022 & 2028 (IN %)
FIGURE 16: UNITED STATES FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)
FIGURE 17: CANADA FLOATING POWER PLANT MARKET, 2023-2028 (IN $ MILLION)