Market Overview

Global Floating Power Plant Market 2018-2022| Hybrid Floating Solar Power Plants to Drive Growth| Technavio

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The global floating power plant market is expected to post a CAGR of
nearly 4% during the period 2018-2022, according to the latest
market research report by Technavio.

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Technavio has published a new market research report on the global floating power plant market from  ...

Technavio has published a new market research report on the global floating power plant market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the need for
alternative power solution. Generally, electric power is supplied over a
grid network, with power being generated from a central location.
However, in an event where a power plant fails or when a power plant is
unable to meet the entire load, it can affect the functioning of
critical facilities such as hospitals, schools, and businesses. In such
cases, floating power plants are used to supply power to the affected
area, district, or a specific facility that require electricity.

This market research report on the global
floating power plant market 2018-2022
also provides an analysis
of the most important trends expected to impact the market outlook
during the forecast period. Technavio classifies an emerging trend as a
major factor that has the potential to significantly impact the market
and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the hybrid floating solar power
plants as one of the key emerging trends in the global floating power
plant market:

Global floating power plant market: Hybrid
floating solar power plants

Floating solar power plants face the issue of intermittency, which can
be addressed by incorporating another renewable power system with the
floating solar power plant. The hybrid floating solar power plant helps
provide baseload electricity for floating solar power plants. Hybrid
floating solar plants may be added to a fossil fuel power plant to meet
peak load power requirements.

"Various companies are adopting this trend, they are combining hybrid
floating solar power plants with wind turbines or hydroelectric dam
power generation facilities. Moreover, the hybrid floating solar power
plant can operate at a lower cost than conventional solar power steam
generation technologies,"
says a senior analyst at Technavio for
research on power.

Global floating power plant market:
Segmentation analysis

This market research report segments the global floating power plant
market by technology (non-renewable and renewable) and geographical
regions (APAC, EMEA, and the Americas).

The non-renewable segment held the largest market share in 2017,
accounting for nearly 87% of the market. This technology segment is
expected to dominate the global market throughout the forecast period.

EMEA led the market in 2017 with a market share of nearly 45% of the
market share. The market share occupied by this region is anticipated to
decrease by nearly 2% during 2018-2022.

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Technavio's sample reports are free of charge and contain multiple
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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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