MARKET OUTLOOK
The Asia-Pacific floating power plant market is anticipated to flourish in terms of revenue, at a CAGR of 10.35% during the forecast period 2019-2027.
The fast improvement in solar power-based innovation combined with government motivating forces for sustainable power-source control is driving the floating power market in the region. A noteworthy preferred standpoint of the floating sun-based power framework is the decrease in dissipation, which enables to protect water levels amid outrageous summer. This solar power plant skimming innovation is enduring, financially savvy, and adaptable and requires less time for establishment. Also, technological advancements for wind and wave energy will further drive the market in the Asia-Pacific region. The floating power plant market is bifurcated into source and capacity type. The source type includes renewable and non-renewable power. The capacity segment comprises different range 0 MW-5 MW, 5.1 MW-20 MW, etc.
COMPETITIVE OUTLOOK
Some of the key companies in the floating power plant market are Upsolar Asia-Pacific Co., Ltd, Caterpillar, Inc., Kyocera Corporation, Vikram Solar Pvt. Ltd., General Electric, SeaTwirl AB, Ciel & Terre International, Mitsubishi Corporation, Wartsila Corporation, Man Diesel & Turbo SE, Floating Power Plant, Yingli Green Energy Holding Company, Limited, Principle Power, Inc., Ideol S.A. and Siemens AG.