Floating Power Plant Market Trends, Growth and Forecast 2028
The Floating Power Plant Market was valued around USD 1,188 million in 2020 and is expected to grow at a CAGR of 10.7% over the forecast period (2021-2028). The factors driving growth of the Floating Power Plant Market includes strict regulations regarding related to environmental pollution, rising focus on utilizing clean sources of energy and improvements in the living standards. Moreover, low operating costs and enhanced power density of IC engine-based floating power plants, growing adoption of advanced technologies, increasing number of renewable energy-based floating power plants and rapid urbanization, are some of the additional factors supplementing the Floating Power Plant Market share . In addition, the increasing investments by major corporations on research and development, strategic mergers, and collaborations between key industry players, rising population growth rates and growing disposable incomes, are further contributing towards the market growth. However, growt...