Product Code: GVR-4-68038-814-5
Floating Power Plant Market Growth & Trends:
The global floating power plant market size is expected to reach USD 3.24 billion by 2030, registering a CAGR of 14.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. Favorable regulatory policies focusing on reducing the dependence on fossil fuels for electricity generation along with proliferating demand for stand-alone power generation systems across several end-use markets are anticipated to strengthen the market growth over the forecast period.
The market is primarily driven by the lack of power infrastructure on land in developing economies, such as China and India. Massive power demand from several industries, such as manufacturing and construction, healthcare, data centers, agriculture, and others, has led to increased demand for distributed power generation sources, such as floating power plants (FPPs). The plant provides grid stabilization for various kinds of renewable energy and is expected to strengthen the security of power systems in these countries.
Floating power plants offer several benefits including provision of secure power supply during natural disasters, such as floods or earthquakes, fast electricity supply to regions with limited power infrastructure, no requirement for a large site, and easy relocation due to high mobility. These advantages are expected to boost the FPP demand despite the high installation and maintenance costs of the plants.
Industry participants are practicing local manufacturing of floating power plant equipment to offer local employment, optimize logistics cost, and minimize emissions. Moreover, operators are prone to minimum project investment risk owing to the high mobility, versatility, and adaptability of the floating power plants. These trends are anticipated to positively influence industry growth over the forecast period.
Floating Power Plant Market Report Highlights:
- The non-renewable segment accounted for the largest revenue share of 69.6% in the global floating power plant industry in 2024. On the other hand, the renewable source segment is expected to grow at the highest CAGR in the market from 2025 to 2030
- The high (Greater than 100 MW) power rating segment accounted for a leading revenue share in the market in 2024 owing to the large-scale power demand in various South Asian nations such as India, China, Malaysia, and Singapore.
- The medium (20 MW to 100 MW) segment is expected to grow at the highest CAGR during the forecast period.
- The Asia Pacific floating power plant market accounted for the largest global revenue share of 40.7% in 2024. The industry expansion in this region has been enabled by a number of factors, including rising energy needs, environmental concerns, and technological advancements.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Floating Power Plant Market Variables, Trends & Scope
- 3.1. Global Floating Power Plant Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Technology Overview
- 3.4. Average Price Trend Analysis
- 3.5. Supply-Demand GAP Analysis, 2024
- 3.6. Regulatory Framework
- 3.6.1. Policies and Incentive Plans
- 3.6.2. Standards and Compliances
- 3.6.3. Regulatory Impact Analysis
- 3.7. Market Dynamics
- 3.7.1. Market Driver Analysis
- 3.7.2. Market Restraint Analysis
- 3.7.3. Industry Challenges
- 3.8. Porter's Five Forces Analysis
- 3.8.1. Supplier Power
- 3.8.2. Buyer Power
- 3.8.3. Substitution Threat
- 3.8.4. Threat from New Entrant
- 3.8.5. Competitive Rivalry
- 3.9. PESTEL Analysis
- 3.9.1. Political Landscape
- 3.9.2. Economic Landscape
- 3.9.3. Social Landscape
- 3.9.4. Technological Landscape
- 3.9.5. Environmental Landscape
- 3.9.6. Legal Landscape
Chapter 4. Floating Power Plant Market: Power Source Outlook Estimates & Forecasts
- 4.1. Floating Power Plant Market: Power Source Movement Analysis, 2024 & 2030
- 4.1.1. Non-renewable
- 4.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.1.1.2. Gas Turbines
- 4.1.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.1.1.3. IC Engines
- 4.1.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.1.2. Renewable
- 4.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.1.2.2. Solar
- 4.1.2.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.1.2.3. Wind
- 4.1.2.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 5. Floating Power Plant Market: Power Rating Outlook Estimates & Forecasts
- 5.1. Floating Power Plant Market: Power Rating Movement Analysis, 2024 & 2030
- 5.1.1. Low (Less than 20 MW)
- 5.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.2. Medium (20 MW to 100 MW)
- 5.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.3. High (Greater than 100 MW)
- 5.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. Floating Power Plant Market Regional Outlook Estimates & Forecasts
- 6.1. Regional Snapshot
- 6.2. Floating Power Plant Market: Regional Movement Analysis, 2024 & 2030
- 6.3. North America
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.2. Market estimates and forecast, by power source, 2018 - 2030 (USD Million)
- 6.3.3. Market estimates and forecast, by power rating, 2018 - 2030 (USD Million)
- 6.3.4. U.S.
- 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.4.2. Market estimates and forecast, by power source, 2018 - 2030 (USD Million)
- 6.3.4.3. Market estimates and forecast, by power rating, 2018 - 2030 (USD Million)
- 6.3.5. Canada
- 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.5.2. Market estimates and forecast, by power source, 2018 - 2030 (USD Million)
- 6.3.5.3. Market estimates and forecast, by power rating, 2018 - 2030 (USD Million)
- 6.3.6. Mexico
- 6.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.6.2. Market estimates and forecast, by power source, 2018 - 2030 (USD Million)
- 6.3.6.3. Market estimates and forecast, by power rating, 2018 - 2030 (USD Million)
- 6.4. Europe
- 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.2. Market estimates and forecast, by power source, 2018 - 2030 (USD Million)
- 6.4.3. Market estimates and forecast, by power rating, 2018 - 2030 (USD Million)
- 6.4.4. UK
- 6.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.4.2. Market estimates and forecast, by power source, 2018 - 2030 (USD Million)
- 6.4.4.3. Market estimates and forecast, by power rating, 2018 - 2030 (USD Million)
- 6.4.5. Germany
- 6.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.5.2. Market estimates and forecast, by power source, 2018 - 2030 (USD Million)
- 6.4.5.3. Market estimates and forecast, by power rating, 2018 - 2030 (USD Million)
- 6.4.6. France
- 6.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.6.2. Market estimates and forecast, by power source, 2018 - 2030 (USD Million)
- 6.4.6.3. Market estimates and forecast, by power rating, 2018 - 2030 (USD Million)
- 6.4.7. Spain
- 6.4.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.7.2. Market estimates and forecast, by power source, 2018 - 2030 (USD Million)
- 6.4.7.3. Market estimates and forecast, by power rating, 2018 - 2030 (USD Million)
- 6.5. Asia Pacific
- 6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5.2. Market estimates and forecast, by power source, 2018 - 2030 (USD Million)
- 6.5.3. Market estimates and forecast, by power rating, 2018 - 2030 (USD Million)
- 6.5.4. China
- 6.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5.4.2. Market estimates and forecast, by power source, 2018 - 2030 (USD Million)
- 6.5.4.3. Market estimates and forecast, by power rating, 2018 - 2030 (USD Million)
- 6.5.5. India
- 6.5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5.5.2. Market estimates and forecast, by power source, 2018 - 2030 (USD Million)
- 6.5.5.3. Market estimates and forecast, by power rating, 2018 - 2030 (USD Million)
- 6.5.6. Japan
- 6.5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5.6.2. Market estimates and forecast, by power source, 2018 - 2030 (USD Million)
- 6.5.6.3. Market estimates and forecast, by power rating, 2018 - 2030 (USD Million)
- 6.5.7. Australia
- 6.5.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5.7.2. Market estimates and forecast, by power source, 2018 - 2030 (USD Million)
- 6.5.7.3. Market estimates and forecast, by power rating, 2018 - 2030 (USD Million)
- 6.6. Latin America
- 6.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.6.2. Market estimates and forecast, by power source, 2018 - 2030 (USD Million)
- 6.6.3. Market estimates and forecast, by power rating, 2018 - 2030 (USD Million)
- 6.6.4. Brazil
- 6.6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.6.4.2. Market estimates and forecast, by power source, 2018 - 2030 (USD Million)
- 6.6.4.3. Market estimates and forecast, by power rating, 2018 - 2030 (USD Million)
- 6.6.5. Argentina
- 6.6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.6.5.2. Market estimates and forecast, by power source, 2018 - 2030 (USD Million)
- 6.6.5.3. Market estimates and forecast, by power rating, 2018 - 2030 (USD Million)
- 6.7. Middle East & Africa
- 6.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.7.2. Market estimates and forecast, by power source, 2018 - 2030 (USD Million)
- 6.7.3. Market estimates and forecast, by power rating, 2018 - 2030 (USD Million)
- 6.7.4. UAE
- 6.7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.7.4.2. Market estimates and forecast, by power source, 2018 - 2030 (USD Million)
- 6.7.4.3. Market estimates and forecast, by power rating, 2018 - 2030 (USD Million)
- 6.7.5. Saudi Arabia
- 6.7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.7.5.2. Market estimates and forecast, by power source, 2018 - 2030 (USD Million)
- 6.7.5.3. Market estimates and forecast, by power rating, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Vendor Landscape
- 7.2.1. Company categorization
- 7.2.2. List of Key Distributors and Channel Partners
- 7.2.3. List of Potential Customers/End Users
- 7.3. Competitive Dynamics
- 7.3.1. Competitive Benchmarking
- 7.3.2. Strategy Mapping
- 7.3.3. Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. Wartsila
- 7.4.1.1. Participant's overview
- 7.4.1.2. Financial performance
- 7.4.1.3. Product benchmarking
- 7.4.1.4. Strategic initiatives
- 7.4.2. Siemens Energy
- 7.4.2.1. Participant's overview
- 7.4.2.2. Financial performance
- 7.4.2.3. Product benchmarking
- 7.4.2.4. Strategic initiatives
- 7.4.3. Kawasaki Heavy Industries, Ltd.
- 7.4.3.1. Participant's overview
- 7.4.3.2. Financial performance
- 7.4.3.3. Product benchmarking
- 7.4.3.4. Strategic initiatives
- 7.4.4. MITSUBISHI HEAVY INDUSTRIES, LTD.
- 7.4.4.1. Participant's overview
- 7.4.4.2. Financial performance
- 7.4.4.3. Product benchmarking
- 7.4.4.4. Strategic initiatives
- 7.4.5. GE Vernova
- 7.4.5.1. Participant's overview
- 7.4.5.2. Financial performance
- 7.4.5.3. Product benchmarking
- 7.4.5.4. Strategic initiatives
- 7.4.6. Ciel et Terre International, SAS
- 7.4.6.1. Participant's overview
- 7.4.6.2. Financial performance
- 7.4.6.3. Product benchmarking
- 7.4.6.4. Strategic initiatives
- 7.4.7. Floating Power Plant A/S
- 7.4.7.1. Participant's overview
- 7.4.7.2. Financial performance
- 7.4.7.3. Product benchmarking
- 7.4.7.4. Strategic initiatives
- 7.4.8. Karadeniz Holding
- 7.4.8.1. Participant's overview
- 7.4.8.2. Financial performance
- 7.4.8.3. Product benchmarking
- 7.4.8.4. Strategic initiatives
- 7.4.9. CHN ENERGY Investment Group Co. LTD
- 7.4.9.1. Participant's overview
- 7.4.9.2. Financial performance
- 7.4.9.3. Product benchmarking
- 7.4.9.4. Strategic initiatives
- 7.4.10. Swimsol
- 7.4.10.1. Participant's overview
- 7.4.10.2. Financial performance
- 7.4.10.3. Product benchmarking
- 7.4.10.4. Strategic initiatives