Forecast & Analysis of global yacht market size and in 2022
News From www.AskCI.com
Yacht is a kind of sail or power boat used for water leisure and entertainment. The advent of yachts can be traced back to the mid-17th century, and the modern global yacht industry rose in the 1950s. After experiencing rapid growth in the 1970s, the industry entered a mature period of development in the 1990s. At present, yacht consumption is mainly concentrated in developed countries in Europe, the Middle East and Africa and / or the Americans.
The global yacht market grew steadily from 2016 to 2019, but declined in 2020 due to the COVID-19. Due to the stable growth of ultra-high net worth people and ultra-high net worth people in the future and the rapid growth of their demand for yachts in the post epidemic era, it is expected that the global yacht market will increase to 22.1 billion euros in 2022. The global epidemic stopped most outdoor activities, changed the lifestyle of high net worth people and ultra-high net worth people, and increased their willingness to spend yachts. During the epidemic, due to the encouragement of social isolation and the fact that yachts can provide a more private and comfortable place for leisure time than other places, more and more ultra-high net worth people and ultra-high net worth people are keen to experience the yacht lifestyle. In addition, the impact and aftermath of the epidemic have led ultra-high net worth people and ultra-high net worth people to attach great importance to the current time, and then invest more in luxury goods as one of the entertainment methods.
Yachts can be divided into inboard, outboard and sail yachts according to the way of propulsion. The global inboard yacht market increased from 8.6 billion euros in 2017 to 9.9 billion euros in 2019. Affected by the COVID-19 in 2020, the market size of inboard yachts decreased, and it is expected that the market size will increase to 9.3 billion euros in 2022.
The global outboard yacht market grew at a CAGR of 8.4% from 2017 to 2019. Affected by the epidemic in 2020, the market scale of outboard yachts decreased. It is estimated that the market size of outboard yachts will reach 9.7 billion euros in 2022.
The global sailing yacht market grew steadily from 2016 to 2020. From 2.5 billion euros in 2017 to 2.8 billion euros in 2019. In 2020, due to the impact of the COVID-19, the market scale of sailing yachts decreased. With the growing demand for eco-friendly yachts, it is expected that the global yacht market will increase to 3billion euros in 2022.
For more information, please refer to the “Research Report on market prospects and investment opportunities of China’s yacht industry” issued by the China Business Industry Research Institute.
13 New Solar Projects will be Launched, total 1.35GW in Xinjiang, China
News from CSPPLAZA
This is Great News that so many CSP power would be built in future, and this is signal that Energy worldwide is always changing & improved.
On July 4th, 2022, 《The development and Reform Commission of Xinjiang Uygur Autonomous Region》 issued the notice on printing and distributing the list of the second batch of market-oriented grid connected new energy projects in the autonomous region in 2022 (see Annex).
This list includes 13 thermal storage solar thermal power generation projects with an installed capacity of up to 1.35gw! This seems to be releasing a strong signal that the configuration of photovoltaic + photothermal energy storage is expected to become the mainstream new energy power generation project scheme.
Solar Power catch the eye of worldwide:
It is understood that there are 49 power grid consumption projects included in the list, with a total of 30.47 million KW; There are 18 integrated source network load storage projects, with a total of 10.415 million KW. The total scale is 40.89gw (excluding energy storage and photothermal installation).
If the installed capacity of the regulated power supply (electrochemical energy storage and photothermal power generation) is added, the installed capacity of 6.9475 million KW needs to be added, including 1.35 million kw of photothermal power generation, accounting for 19.43% of the regulated power supply.
The proportion of 19.43% doesn’t sound high, but it is a very significant breakthrough for solar thermal power generation, which focuses on seeking a place in the project of scenery base.
More importantly, the vast majority of photovoltaic grid consumption projects have chosen the solar thermal storage scheme, accounting for more than electrochemical energy storage. Light and heat can be described as the first eye-catching among them!
The distribution and storage of wind power projects are all electrochemical energy storage, and the proportion of distribution and storage is almost more than 20%, some even more than 30%, and the duration is mostly 4 hours.
The distribution and storage methods of photovoltaic projects are divided into electrochemical energy storage and thermal storage photothermal. The proportion of photothermal energy storage is mostly about 11%, with a duration of 8 hours, and the proportion of electrochemical energy storage is about 25%, with a duration of 4 hours.
According to table 2, a total of 13 grid consumption projects adopt the configuration scheme of photovoltaic + thermal storage photovoltaic power generation, with a total scale of 12.15 million KW, a total installed capacity of 1.35 million KW, and a distribution and storage ratio of about 11%. Among them, the installed capacity of photovoltaic projects is mostly 900MW, and the installed capacity of photothermal projects is mostly 100MW + 8-hour heat storage.
Great significance
The economics of photovoltaic + electrochemical energy storage and photovoltaic + photothermal schemes are estimated.
The energy storage scale of 100000 kW / 400000 kwh is calculated according to the current cost of 1800 yuan / kWh of lithium battery energy storage system, and the one-time investment cost is estimated to be 400000 × 1800 = 720 million yuan. To build a 900000 kW photovoltaic project, it needs 90 ÷ 40 × 7.2 = 1.62 billion yuan of energy storage system investment.
The construction of a 100000 kW 8-hour energy storage (which has been significantly better than the 4-hour battery energy storage) solar thermal power generation project, with an estimated investment of 1.8 billion yuan, can be equipped with 900000 kW photovoltaic projects.
Based on the analysis above, Investors have shown a clear preference for the configuration scheme of photovoltaic + photothermal. This has never happened in the past history of light and heat.
It is trend that Clear Power would take more and more important role in future