Global Floating Power Plant Market Projected to Grow by 880.9 Million USD

CHANGCHUN, CHINA, February. 4, 2019 /PVTIME/ – Floating Power Plant market worldwide is projected to grow by US$880.9 Million, driven by a compounded growth of 9.8%. Renewable, one of the segments analyzed and sized in this study, displays the potential to grow at over 11%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$777.9 Million by the year 2025, Renewable will bring in healthy gains adding significant momentum to global growth.

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– Representing the developed world, the United States will maintain a 8.6% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$35.6 Million to the region’s size and clout in the next 5 to 6 years. Over US$28.7 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Renewable will reach a market size of US$35.7 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 12.9% over the next couple of years and add approximately US$213 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

– Competitors identified in this market include, among others, Caterpillar, Inc.; Ciel & Terre International; Floating Power Plant A/S; General Electric Company; Ideol SA; Kyocera Corporation; MAN Diesel & Turbo SE; Mitsubishi Corporation; Principle Power, Inc.; SeaTwirl AB; Siemens AG; Upsolar Global Co., Ltd.; Vikram Solar Limited; Wartsila Corporation; Yingli Green Energy Holding Co., Ltd.

SOURCE: Reportlinker