Floating Power Plant Market is segmented By Power Source (Non-renewable, Renewable), By Capacity (Medium Scale, Small Scale, Large Scale), By Geograph....
Market Size in USD
CAGR8.9%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 8.9% |
Market Concentration | High |
Major Players | Ciel & Terre International, Caterpillar Inc., Floating Power Plant A/S, General Electric Company, Siemens Gas and Power GmbH & Co., |
The floating power plant market is estimated to be valued at USD 1.53 Bn in 2024 and is expected to reach USD 2.78 Bn by 2031, growing at a compound annual growth rate (CAGR) of 8.91% from 2024 to 2031. The floating power plant market is expected to witness significant growth as land constraints become a challenge for conventional power plants.