Thermal capacity accounted for 53.3% of total power plant installations globally in 2022, according to GlobalData, with total recorded thermal capacity of 4,544GW.
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Demand for floating power plants in the Europe is anticipated to rise with a CAGR of 8.8% during the forecast period. The European Union is also expected.
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The lack of power infrastructure, demand for low-carbon energy, and increasing government investments in the energy industry are set to drive the floating power plant market growth in the evaluation period.