MinGW reports "Not enough storage is available to process this command" in debug build of planets-qml example

Running the Qt 3D planets-qml example results in the following error:

qrc:/PlanetsMain.qml:347:9: Type StyledSlider unavailable

qrc:/StyledSlider.qml:52:1: plugin cannot be loaded for module "QtQuick.Controls": Cannot load library C:\Qt\5.10.0\mingw53_32\qml\QtQuick\Controls\qtquickcontrolsplugind.dll: Not enough storage is available to process this command.

A similar issue has been reported in the forums:

https://forum.qt.io/topic/72627/memory-problems-using-qt-5-7

According to the forum user, this appears to be caused by the debug versions of the MinGW plugins being too big to be loaded into memory in one piece.

Using a release build or a different compiler (MSVC) is a workaround for this issue.