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North America Floating Power Plant Market Forecast 2019-2027

The North America floating power plant market is expected to develop at a significant pace by exhibiting a CAGR of 9.81% over the forecast period of 2019-2027. The floating power plant mainly finds its applications in power generation and distribution in the North American region.

Major markets in this region are the U.S and Canada floating power plant markets. Presently, the US market forms the largest regional market in North America. Developments in floating wind farms are presenting this country with lucrative growth opportunities. The market is segmented based on source and capacity. Several nuclear and solar floating power plant projects are being implemented in this region. A floating solar power plant project has begun on San Diego's 200-acre Olivenhain reservoir, which would consist of 24,000 solar panels that will cover a sliver of the reservoir surface & make around 144,000-megawatt hour of power on an annual basis.
Implementation of several such projects is further expected to augment the growth of the floating power plant market in the US. Dunedin Energy Systems, a Canada-based organization, is also involved in developing floating power plants and intends to sell small floating nuclear reactors which would be responsible for providing a power source for remote mining projects, thus augmenting the growth of floating power plants in the country.

The key market companies include Vikram Solar Pt. Ltd., Man Diesel & Turbo SE, Floating Power Plant, Upsolar Global Co. Ltd., Yingli Green Energy Holding Company Limited, Caterpillar Inc., Siemens AG, Mitsubishi Corporation, Principle Power, Inc., Kyocera Corporation, Ciel & Terre International, Ideol SA, Wärtsilä Corporation, SeaTwirl AB, and General Electric.
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North America Floating Power Plant Market Forecast 2019-2027
Published By :Inkwood Research
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