Directory Image
This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Privacy Policy.

Floating Power Plant Market: 2019 Size, Trends, Share, And Key Country Forecast To 2023 Research Rep

Author: Abhijeet Bendre
by Abhijeet Bendre
Posted: Mar 21, 2019

Floating Power Plant Market Research Report - Forecast To 2023. Global Floating Power Plant Market Information Report: Information by Power Source (Renewable and Non-Renewable) Capacity (0-50 MW, 6-20 MW, 21-100 MW, 101-250 MW, above 250 MW) And by Region - Global Forecast to 2023.

Browse More On Report At: https://www.marketresearchfuture.com/reports/floating-power-plant-market-3788

Market Overview:

The key players of the global Floating Power Plant market are Lorentz (Germany), SunEdison, Inc. (U.S.), CRI Pumps Pvt. Ltd (India), Solar Power & Pump Co LLC (U.S.), Tata Power Solar Systems Ltd. (India), Shakti Solar Pumping System (India), WENLING JINTAI PUMP FACTORY (China), Bright Solar Pvt. Ltd. (India), Grundfos (Denmark) and American West Windmill and Solar Company (U.S.).

A Solar Water Pump is a device, which runs on the electricity generated by photovoltaic panels. Floating Power Plant are not connected with the grid and result in very less emission compared to conventional pumps. Floating Power Plant are increasingly used in regions where grid electricity is unavailable and alternative sources such as wind do not provide enough power for operations. Solar pump components consists of solar panels, a controller and a pump while the size of the PV system determines the operating capacity of the pump.

Solar pumps are increasingly being used in domestic and agriculture applications, especially for delivering drinking water for livestock and irrigation. Also, Floating Power Plant are used in oil and gas fracking activities to reduce the environmental impact of the oil recovery process.

The Floating Power Plant Market is expected to grow at a CAGR of 5.6% during the forecast period.

Global Floating Power Plant Market:

The global Floating Power Plant market is driven by the increased agriculture activities along with the increase in use of water for water based agricultural practices. The Asia-Pacific region is the leading market for Floating Power Plant. Rapid agriculture activities in countries such as China, India, Bangladesh and Pakistan and reduced grid connectivity for agricultural activities, drive the market for Floating Power Plant in these countries. Furthermore, increased need for clean water for drinking and irrigation in countries such as Morocco, Nigeria, Namibia and Kenya, in the African region, is also driving the need for the solar pumps in the region. The UN development programs to promote the use of solar energy in the region, is also driving the market.

Segment Analysis:

The latest report published by Market Research Future has been studied for various segments based on power source, capacity, and region. Based on power source, the floating power plant market has been segmented into renewable and non-renewable. The segment of renewable power source has been further segmented into solar and wind. The segment of non-renewable power source has been sub-segmented into gas turbines and IC engines.

The non-renewable segment is expected to hold a larger share of the floating power plant market. This occurrence is due to the lack of proper infrastructure, and significant focus on conventional and non-renewable energy sources by multiple economies. Alternatively, the renewable segment is likely to witness fastest growth during the forecast period owing to a rising climate change awareness, demand for higher energy efficiency, and a surge in the demand for utilization of clean energy resources.

The floating power plants market has been segmented, by capacity, into 1 MW to 5 MW, 6 MW to 20 MW, 21 MW to 100 MW, 101 MW to 250 MW, and above 250 MW. The capacity segment above 250MW is estimated to dominate the market during the assessment timeline. The segment of 21 MW to 100MW is expected to garner fastest growth rate due to an increase in the floating solar and wind projects.

The demand for floating power plants has witnessed growth in the offshore sites due to the availability of offshore wind in abundance. Rise in the number of installations of floating solar and wind power plants are projected in the report due to its benefits over land-based solar plants.

For More News Visit:

http://www.digitaljournal.com/pr/3889040

https://www.reuters.com/brandfeatures/venture-capital/article?id=49165

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Us:

Amanora Chambers,

Magarpatta Road, Hadapsar

Pune - 411028

Maharashtra, India+1 646 845 9312

sales@marketresearchfuture.com

About the Author

At Market Research Future (Mrfr), we enable our customers to unravel thec omplexity of various industries through our Cooked Research Report (Crr), Half-Cooked Research Reports (Hcrr).

Rate this Article
Leave a Comment
Author Thumbnail
I Agree:
Comment 
Pictures
Author: Abhijeet Bendre

Abhijeet Bendre

Member since: Oct 30, 2018
Published articles: 174

Related Articles