Latin America Floating Power Plant Market 2023-2028

Growing government steps to widen the scope of the floating power plant market

MARKET OUTLOOK

The publisher's report estimates that the floating power plant market in Latin America is set to advance with a compound annual growth rate of 4.49% during the forecast period 2023-2028. Brazil, Chile, and Rest of Latin America are evaluated in the region’s market.

Chile has emerged as one of the major wind energy developers. Due to a significant decline in technological cost, the nation’s prospects for leveraging its vast potential wind energy have increased in recent years. This has led the country to aim to generate at least 60% of its electricity through renewable sources by 2035. Moreover, the government set an objective to generate around 70% of the energy via solar thermal, PV, or wind sources by 2050. This is under its decarbonization plan. Hence, these factors significantly widen the scope and growth of the floating power plant market.

In Argentina, several floating power plant projects have been developed or are in progress. For instance, in 2014, Rusatom Overseas signed an agreement with Corporación América for cooperation in future projects. Further, Peru has commenced construction of these plants. For example, CSF Continua Chachani Solar PV Park is expected to commence in 2023, with expected operation in 2024. Therefore, such projects create new avenues for the floating power plant market.

COMPETITIVE OUTLOOK

The well-known companies in the floating power plant market include Vikram Solar Limited, SeaTwirl AB, Upsolar Group Co Ltd, Kyocera Corporation, Caterpillar Inc, and Mitsubishi Corporation.

1. Latin America Floating Power Plant Market - Summary

2. Industry Outlook

2.1. Assessment of Ship-Based Floating Power Plants
2.1.1. Developments Related to Ship-Based Floating Power Plants
2.2. Impact Analysis on the Floating Power Plant Market
2.2.1. Covid-19 Impact
2.3. Porter’S Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitutes
2.3.3. Bargaining Power of Buyers
2.3.4. Bargaining Power of Suppliers
2.3.5. Threat of Competitive Rivalry
2.4. Market Maturity Analysis
2.5. Industry Components
2.5.1. Raw Materials & Component Suppliers
2.5.2. Oems
2.5.3. Epc Companies & Developers
2.6. Regulatory Framework
2.7. Key Market Strategies
2.7.1. Collaborations
2.7.2. Product Launches
2.7.3. Mergers & Acquisitions
2.7.4. Business Divestitures & Expansions
2.8. Market Drivers
2.8.1. Rising Popularity of Offshore Wind Projects
2.8.2. Growing Clean Energy Projects
2.9. Market Challenges
2.9.1. Technical Challenges Involved in Floating Power Plants
2.9.2. High Cost of Projects
2.10. Market Opportunities
2.10.1. Rising Popularity of Ic Engine-Based Floating Power Plants
2.10.2. Rise in the Installation of New Power Plants
2.11. Analyst Perspective

3. Latin America Floating Power Plant Market - by Capacity

3.1. 0Mw- 5Mw
3.2. 5.1 Mw- 20 Mw
3.3. 20 Mw- 100 Mw
3.4. 100.1 Mw- 250 Mw
3.5. Above 250 Mw

4. Latin America Floating Power Plant Market - by Source

4.1. Non-Renewable Power Source
4.2. Renewable Power Source

5. Latin America Floating Power Plant Market - by Country Outlook

5.1. Brazil
5.1.1. Brazil Floating Power Plant Market Forecast & Prospects
5.2. Chile
5.2.1. Chile Floating Power Plant Market Forecast & Prospects
5.3. Rest of Latin America
5.3.1. Rest of Latin America Floating Power Plant Market Forecast & Prospects

6. Competitive Landscape

6.1. Seatwirl Ab
6.1.1. Overview
6.1.2. Product Portfolio
6.1.3. Key Strengths
6.1.4. Key Challenges
6.2. Floating Power Plant As
6.2.1. Overview
6.2.2. Product Portfolio
6.2.3. Key Strengths
6.2.4. Key Challenges
6.3. Upsolar Group Co Ltd
6.3.1. Overview
6.3.2. Product Portfolio
6.3.3. Key Strengths
6.3.4. Key Challenges
6.4. Caterpillar Inc
6.4.1. Overview
6.4.2. Product Portfolio
6.4.3. Key Strengths
6.4.4. Key Challenges
6.5. Kyocera Corporation
6.5.1. Overview
6.5.2. Product Portfolio
6.5.3. Key Strengths
6.5.4. Key Challenges
6.6. Mitsubishi Corporation
6.6.1. Overview
6.6.2. Product Portfolio
6.6.3. Key Strengths
6.6.4. Key Challenges
6.7. Vikram Solar Limited
6.7.1. Overview
6.7.2. Product Portfolio
6.7.3. Key Strengths
6.7.4. Key Challenges
6.8. Wartsila Corporation
6.8.1. Overview
6.8.2. Product Portfolio
6.9. Siemens AG
6.9.1. Overview
6.9.2. Product Portfolio
6.9.3. Key Strengths
6.9.4. Key Challenges
6.10. Man Energy Solutions Se
6.10.1. Overview
6.10.2. Product Portfolio

7. Research Methodology & Scope

7.1. Research Scope & Deliverables
7.2. Sources of Data
7.3. Research Methodology

List of Tables

Table 1: Latin America Floating Power Plant Market, by Country Outlook, 2023-2028 (In $ Million)
Table 2: Regulatory Framework
Table 3: List of Collaborations
Table 4: List of Product Launches
Table 5: List of Mergers & Acquisitions
Table 6: List of Business Divestitures & Expansions
Table 7: Latin America Floating Power Plant Market, by Capacity, 2023-2028 (In $ Million)
Table 8: Latin America Floating Power Plant Market, by Source, 2023-2028 (In $ Million)
Table 9: Latin America Floating Power Plant Market, by Country Outlook, 2023-2028 (In $ Million)

List of Figures

Figure 1: Industry Components
Figure 2: Latin America Floating Power Plant Market, by Capacity, 2022 & 2028 (In %)
Figure 3: Latin America Floating Power Plant Market, by 0 Mw- 5 Mw, 2023-2028 (In $ Million)
Figure 4: Latin America Floating Power Plant Market, by 5.1 Mw- 20 Mw, 2023-2028 (In $ Million)
Figure 5: Latin America Floating Power Plant Market, by 20 Mw- 100 Mw, 2023-2028 (In $ Million)
Figure 6: Latin America Floating Power Plant Market, by 100.1 Mw- 250 Mw, 2023-2028 (In $ Million)
Figure 7: Latin America Floating Power Plant Market, by Above 250 Mw, 2023-2028 (In $ Million)
Figure 8: Latin America Floating Power Plant Market, by Source, 2022 & 2028 (In %)
Figure 9: Latin America Floating Power Plant Market, by Non-Renewable Power Source, 2023-2028 (In $ Million)
Figure 10: Latin America Floating Power Plant Market, by Renewable Power Source, 2023-2028 (In $ Million)
Figure 11: Brazil Floating Power Plant Market 2023-2028 (In $ Million)
Figure 12: Chile Floating Power Plant Market 2023-2028 (In $ Million)
Figure 13: Rest of Latin America Floating Power Plant Market 2023-2028 (In $ Million)