The presence of several public and private organizations that are engaged in establishing floating power plants in the region are chiefly propelling the Europe floating power plant market. By the end of the forecast years of 2019-2027, the market is estimated to exhibit a CAGR of 10.26%.
The U.K floating power plant market accounted for the highest revenue share in 2018 and is expected to continue this dominance till the end of the forecast period. However, the highest CAGR is expected from the German market by the end of 2027. Other key markets in this area are France, Spain, Russia, Italy and the Rest of Europe. On the basis of the source segment, the non-renewable power market dominated this region in 2018. By capacity, the 20.1 Mw to 100 Mw market is expected to account for the highest CAGR over the forecast period in this region.
Ciel & Terre International, Mitsubishi Corporation, Floating Power Plant, Yingli Green Energy Holding Company Limited, SeaTwirl AB, Upsolar Global Co. Ltd., Principle Power, Inc., General Electric, Ideol SA, Kyocera Corporation, Caterpillar Inc., Vikram Solar Pt. Ltd., Siemens AG, Man Diesel & Turbo SE, and W?rtsil? Corporation are competing in this market.