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Study Report: Global Offshore Wind Turbines Market Size, Share, Trends, Growth and Forecast 2022

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Study Report: Global Offshore Wind Turbines Market Size, Share, Trends, Growth and Forecast 2022

October 09
15:18 2017

The report, titled “Global Offshore Wind Turbines Market Research Report 2017,” presents an analytical view of the past and present state of the market, providing the reader a glimpse of the overall development of the market over the years. With the use of industry-best predictive analytical tools, the report also provides insights into the potential future growth prospects of the market.

The market for renewable energy has received huge attention in the past few years. Owing to the increasing investments to ensure advancements in the renewable power generation technologies currently at hand and design newer, more reliable, and more sophisticated power generation techniques, the renewable energy market has seen significant growth in a very less time. Government interventions aimed at improving awareness about the several ill-effects of fossil fuel-based energy production techniques on the health of living beings as well as the environment, coupled with subsidies offered to encourage an increased adoption of renewable power generation techniques, have led to increase in investments in wind and solar power.

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The Global Wind Energy Council (GWEC) states that the segment of offshore wind power in the market for wind power holds enormous potential for growth in the near future. It states that offshore wind power could meet four times of the overall energy demand of the U.S. and seven times over than that of Europe. Wind power turbines are witnessing vast improvements in their design, structure, and operations and are becoming more energy efficient with times. Offshore wind turbines are also seeing reduction in costs with time and so the global offshore wind turbines market is expected to advance and become more cost competitive and efficient in the near future. This scenario is expected to significantly benefit the global market for offshore wind turbines.

Europe is currently the leading regional market for offshore wind turbines as the region is host to a massive share of the total offshore wind power projects installed across the globe. Most of the remaining share of the global offshore wind turbines market is held by China. With these regions being the most lucrative markets for offshore wind turbines, the U.S., which has excellent offshore wind resources and has many wind power generation projects under development, can be a highly powerful player for the global offshore wind turbines market over the report’s forecast period.

The report segments the global offshore wind turbines market on the basis of foundation type, end-use sector, and geography.

On the basis of foundation type, the market is segmented into mono pile foundation, jacket foundation, tripod foundation, floating wind turbines foundation. The key areas of application of offshore wind turbines examined in the report are shallow water locations, transient water locations, and deep water locations. On the basis of geography, the market is segmented into North America, Europe, China, Japan, Southeast Asia, and India.

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The report also gives a detailed account of the competitive landscape of the global offshore wind turbines market with the help of new project feasibility analysis, SWOT analysis, business profiles, and finance related data of some of the major companies operating in the market. Some of the leading vendors operating in the global offshore wind turbine market are Enercon GmbH, Gamesa Corporacion Technologica, Guodian United Power Technology Company, Siemens Wind Power, Vestas Wind Systems, Upwind Solutions, Suzlon Group, Xinjiang Goldwind Science & Technologies, and Nordex.

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