Showing posts with label Europe Floating Power Plant Industry. Show all posts
Showing posts with label Europe Floating Power Plant Industry. Show all posts

Tuesday, September 27, 2022

3 Key Insights on Competitive Landscape in Europe’s Floating Power Plant Market: Ken Research

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Diverse Global Players Dominate the Market Holding ~60% of Revenue Share Despite Presence of ~100 Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on Europe Floating Power Plant Market by Ken Research.

A Floating Power Plant (FPP) is a power generation unit that is located on a platform, floating on a water body. Mostly the remote power generator is located on an existing cargo ship. They are self-driven and can be connected to the grid, whenever required. There can be stationary floating platform power plants, which can be established in lakes or shallow waters near seashores and these floating power plants can be either solar energy or wind energy based. Floating Power Plants can be used as primary power sources as well as secondary power sources by public utilities, independent power producers, offshore oil/gas explorers and other industries. Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.


Global Players that Constitute 20% of the Total Number of Competitors Hold the Largest Revenue Share of 60% While Regional Companies Also Have a Strong Presence

A comprehensive competitive analysis conducted during the Research Study found that the Europe Floating Power Plant market is highly competitive with ~100 players which include globally diversified players, regional players as well as country-niche players having their own niche in Floating Power Plants for specific segments. The large global players comprise about 40% in terms of the number of companies and hold ~60% of the market revenue share followed by regional players which account for ~30% of the market revenue. Most of the country-niche players are renewable energy and equipment suppliers. Some of these who successfully evolve to create application-specific solutions often get acquired by large global players seeking to grow and diversify quickly.

Leading Global Players' Ongoing Efforts To Provide Advanced Floating Power Plant Solution To End User Segments Are Driving Their Revenue Growth From This Market

Detailed comparative analysis of key competitors available within the Research Study shows that global players such as General Electric, Siemens, Principle Power Inc., and Vestas are highly focused on providing a significant number of floating power plant components and technologies that can be used across multiple industries, public utilities, and independent power producers. Furthermore, several companies and organizations are aggressively investing in R&D to use off-grid technology more and to upgrade the Floating Power Plants’ power production capacity.

  • In May 2021, GE researchers unveiled that it is partnering with Glosten to design and develop advanced controls to support a 12 MW floating offshore wind turbine. This will lead the floating offshore wind industry toward becoming a commercially viable solution.

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The Ongoing COVID-19 Pandemic Led to A Significant Reduction in Floating Power Plant Projects Commissioning. However, with the Reducing Impact of Pandemic since early 2022, Major Players are trying to Gain Momentum by Developing New Products and Solutions

Ciel et Terre has unveiled a new rough-water floater and another rigid platform that maximizes the number of solar panels per square meter. This product will add value to the product portfolio of Ciel et Terre. General Electric researchers unveiled that it is partnering with Glosten to design and develop advanced controls to support a 12 MW floating offshore wind turbine. This will lead the floating offshore wind industry toward becoming a commercially viable solution.

Increased Regulations of Governments to Become Carbon Neutral and Major Players’ Interest in Floating Power Plant Market Led to Industry-Wide Developments, Acquisitions, and Deal-Wins

  • In December 2019, European Green Deal was launched. According to this deal, the European Commission adopted a set of proposals to make the EU's climate, energy, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels.
  • In June 2021, Siemens Gamesa and Siemens Energy have signed a Memorandum of Agreement (MoU) with Odfjell Oceanwind to collaborate on the development of Mobile Offshore Wind Units. This will be highly beneficial for oil and gas installations in oceans as they will be provided power till they continue their production activities.
  • In August 2021, Ciel et Terre has formed a joint venture with BlueWave Solar, through its subsidiary Laketricity to deliver floating solar projects outside Europe.
  • In Nov 2021, Ocean Winds (a joint venture between ENGIE and EDP Renewables) and Principle Power have entered into a collaboration to work on the design of the floating platforms for France’s first commercial-scale floating wind tender.
  • In June 2022, Wärtsilä released the news that it will partner with low carbon energy company SSE to deliver a 50 MW / 100 MWh energy storage system to help unlock the UK's path towards net zero.
  • In December 2019, European Green Deal was launched. According to this deal the European Commission adopted a set of proposals to make the EU's climate, energy, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels.

Key Topics Covered in the Report: -

  • Snapshot of Europe Floating Power Plant Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of Europe Floating Power Plant Market
  • Historic Growth of Overall Europe Floating Power Plant Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of Europe Floating Power Plant Industry
  • Overview, Product Offerings of Key Competitors
  • Covid 19 Impact on Overall Europe Floating Power Plant Market
  • Future Market Forecast and Growth Rates of Total Europe Floating Power Plant Market and by Segments
  • Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
  • Analysis of Floating Power Plant Market in Major European Countries
  • Major Production / Consumption Hubs in the Major European Countries
  • Major Production/Supply and Consumption/Demand Hubs in Each Major Country
  • Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Major Country.

Major Companies Profiled in the Report

  • General Electric
  • Siemens
  • Ciel et Terre International
  • Principle Power Inc.
  • Man Energy Solutions SE
  • BW Ideol
  • SeaTwirl
  • Floating Power Plant A/S
  • Wärtsilä
  • Mitsubishi Heavy Industries
  • Caterpillar
  • Vestas

Notable Emerging Companies Mentioned in the Report

  • EWE AG
  • HOCHTIEF Solutions
  • Hydrosolar
  • SSE plc.
  • Bretagne Ocean Power
  • HelioRec
  • Hexicon
  • Flowocean AB
  • Saitec Offshore
  • Greenalia
  • Floating Energy
  • Floating Solar BV

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

  • Floating Power Plant Manufacturers / Assemblers
  • Companies Manufacturing Components and Modules for Floating Power Plants
  • Renewable Energy Providers
  • Ministries of Energy and Power Generation
  • Ministries of Energy and Power Distribution
  • Environment Control and Emission Regulatory Organizations
  • Consulting companies in the energy and power sector
  • Electrical infrastructure providers
  • Electric utilities
  • Environmental and regional solar power associations
  • Gas turbine and IC engine manufacturers
  • Government and research organizations
  • Investment banks
  • Investors and financial community professionals
  • Public and private operators of power barges and power ships
  • Solar floating solution manufacturers
  • Solar panel manufacturers
  • Wind farm owners, operators, and developers
  • Wind sub-structure manufacturers
  • Wind turbine manufacturers
  • Renewable Energy Research Organizations
  • Investment Funds
  • Independent Power Producers (IPP)
  • Time Period Captured in the Report
  • Historical Period: 2017-2021
  • Forecast Period: 2022-2027F

For More Information on the Research Report, refer to below links: –

Europe Floating Power Plant Market Future Outlook

Contact Us: -

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Wednesday, August 10, 2022

Europe Floating Power Plant Market Size and Growth, Market Outlook and Forecast by Revenue 2027: Ken Research

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Floating Power Plant Market Definition and Overview

A Floating Power Plant (FPP) is a power generation unit that is located on a platform, floating on a water body. Mostly the remote power generator is located on an existing cargo ship. They are self-driven and can be connected to the grid, whenever required, so we end-users can use these as primary power sources as well as secondary power sources. However, there can be stationery floating platform power plants, which can be established in lakes or on shallow waters near seashores. And these floating power plants can be either solar energy or wind energy based. They are much more efficient than conventional on-shore power plants as they provide a fast supply of electricity to areas with limited infrastructure. An FPP requires much lower space and infrastructure so it can be beneficial for areas where sufficient infrastructure is not present.

Europe Floating Power Plant Market Outlook, Drivers, and Challenges

The floating power plant market in Europe is expected to grow at a rate of more than 10% CAGR over the next five years. In Europe, floating solar power systems are becoming more and more prevalent and have a plethora of potential. There have lately been constructed a number of new plants in the double-digit megawatt (MW) range. France and the UK have already installed massive floating solar plants.

Europe Floating Power Plant Market

The growth of floating power plants is driven by multiple factors. Due to the limited supply of wind sites, offshore wind facilities are migrating farther from the shore and into deeper seas, necessitating the use of floating foundations. With the increase in Population, the need for power is also increasing, but the landmass is remaining the same. So as an alternative to traditional on-shore power plants floating power plants are being used. These are much more potential than the traditional ones; as they are mobile, they can be transported to any area. These floating power plants are not only cost-effective in long term but also can supply power during peak loads. They can be used during emergencies during natural disasters like earthquakes and heavy floods so can ensure security. In European nations, the government’s policy for clean energy is another key driver in this industry. Floating power plants have minimal environmental effects so it can fulfill the demand for clean energy.

Yet the floating power plant market is facing certain major challenges. High capital cost is associated with the transportation and logistics of power plants. The initial cost of construction of floating power plants is high compared to traditional power plants. Due to these reasons, it is still not affordable in low-income countries. They are also uniquely vulnerable to weather phenomena and natural disasters like tropical storms, tsunamis, cyclones and, rough seas.

Europe Floating Power Plant Market Value Chain Analysis

The raw material supplier is responsible for sourcing the raw materials used in the floating Power Plant, such as HDPE (High-Density Polyethylene), carbon fiber, FRP, medium density polyethylene (MDPE), Teflon polytetrafluoroethylene (PTFE), Ferrite, Ceramics, Permanent Magnets, and Ferro-cement and supplies to component manufacturers. The components or modules manufacturers then use such raw materials to create a variety of product parts, such as rotors & blades, nacelle & controls, generators, power electronics, solar panels, floaters, and more. These are then supplied to Floating Power Plant companies or manufacturers who assemble those parts and convert them into floating power plants by incorporating required operating & controlling technologies. These power plants are then managed by logistics and operations providers who transport and also support in their installation at desired location and handover to the end users such as public utilities and independent power producers.

For any queries or feedback, reach out to the author at Support@kenresearch.com

Europe Floating Power Plant Market Segmentation

The Europe market for Floating power plants market can be segmented based on their power source type like Renewable power plants (using Solar and Wind energy) and Non-renewable power plants (using Gas turbines and IC engines). Based on production capacity, it can be segmented into 1 MW–5 MW, 5.1 MW–20 MW, 20.1 MW–100 MW,100.1 MW–250 MW, and above 250 MW. On the basis of connectivity floating power plants can divided in to On-Grid and Off-Grid power plants. Based on the platform, it can be segmented as floating structures, Power barges, and Power Ships. Major countries in Europe are the U.K, Germany, France, Sweden, Netherland.

EU Floating Power Plant Market

Europe Floating Power Plant Market Competitive Landscape of Major Competitors

Some key competitors in the Europe Floating Power Plant Market are General Electric, Caterpillar Inc., Siemens, Wärtsilä, MAN Energy Solutions SE, Floating Power Plant A/S, Ciel & Terre International and Equinor ASA among others.

Impact of Covid-19 on Europe Floating Power Plant market.

COVID-19 had an adverse impact on the renewable energy sector. One of the major problems was the disruptions in delivery of components and modules to the manufacturers. Due to the pandemic, the production and delivery of many clean energy technologies, such as solar panels, wind turbines, and batteries were disturbed. Also, the transportation of equipment was affected. As a result, renewable energy companies were unable to comply with deadlines for equipment installation. One of the major problems during the pandemic was the delivery of equipment to the manufacturers. This is attributed to the lockdown implemented across various countries, which has hampered national and international transport, thereby significantly impacting the supply chain of numerous industries across the globe, which, in turn, increases the supply-demand gap. However, the impact of pandemic on the medium and long-term growth of the global floating power plant market was low because governments are prioritizing investment in the energy sector to ensure energy security.

Key Segments Covered in Europe Floating Power Plant Market

Europe Floating Power Plant Market by Power Source Type

Renewable

Floating Solar Panel

Offshore Wind Turbines

Non-renewable

Gas turbines

IC engines

Europe Floating Power Plant Market By Platform Type

Floating Structures

Power Barges

Power Ships

Europe Floating Power Plant Market By Capacity

1 MW–5 MW

5.1 MW–20 MW

20.1 MW–100 MW

100.1 MW–250 MW

Above 250 MW

Europe Floating Power Plant Market By Connectivity

On-Grid

Off-Grid

Europe Floating Power Plant Market By Geography and Major Countries

Germany

UK

France

Spain

Sweden

Netherlands

Key Competitors in Europe Floating Power Plant Market

General Electric

Caterpillar Inc

Siemens

Wärtsilä

MAN Energy Solutions SE

Floating Power Plant A/S

Ciel & Terre International

Equinor ASA

For any queries or feedback, reach out to the author at Support@kenresearch.com

Period Captured in the Report:

Historical Period: 2017-2021

Forecast Period:   2022-2027

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Key Target Audience:

Organizations and Entities Who Can Benefit by Subscribing This Report: -

Floating Power Plant Manufacturers / Assemblers

Companies Manufacturing Components and Modules for Floating Power Plants

Renewable Energy Providers

Ministries of Energy and Power Generation

Ministries of Energy and Power Distribution

Environment Control and Emission Regulatory Organizations

Consulting companies in the energy and power sector

Electrical infrastructure providers

Electric utilities

Environmental and regional solar power associations

Gas turbine and IC engine manufacturers

Government and research organizations

Investment banks

Investors and financial community professionals

Public and private operators of power barges and power ships

Solar floating solution manufacturers

Solar panel manufacturers

Wind farm owners, operators, and developers

Wind sub-structure manufacturers

Wind turbine manufacturers

Renewable Energy Research Organizations

Investment Funds

Independent Power Producers (IPP)

Contact Us: -

Ken Research

Ankur Gupta, Head Marketing & Communications

ankur@kenresearch.com

+91-9015378249