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Offshore Wind Turbines Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Pre Book Price: $ 5216

Original Price: $ 5795

Fossil fuels are depleting and there is an associated negative impact on health, environment and energy security with the use of fossils. This has left people, governments and industries scouring for alternative sources of energy. The recent spurt in government support and favorable regulations across countries such as China, Germany, the U.S., India, France and the UK has led to increasing investments in the renewable energy market.Wind is one of the important sources of energy utilized by humans. Wind turbines are used to generate electricity from wind energy. The blades of turbine are connected to adrive shaft which turns a generator to produce electricity. Usually wind turbines were set upon land but now-a-days wind turbines are built offshore as well due to highpotential wind source availability. Offshore wind turbines refer to the infrastructures made in the water bodies to generate electricity through wind power. These turbines help to generate higher rates of electricity as stronger wind speeds are available offshore compared to land, thus, contributing toelectricity supply.The electrical energyproduced from wind energy is directly proportional to the cube of wind speed, as a result slight increase in wind speed can produce large amounts of electricity. The manufacturing and design of offshore wind turbines depend on site conditions, particularly the depth of water, geology of the seabed, and wave loading.Hence, the turbines are made with different technical specifications and system requirements based on the desired location condition.

The growth in demand for wind turbines is because of the ascent in focus on utilization of renewable resources of energy. Developing awareness for preservation of naturalresources which are likely to get extinct in future, is anticipated to boost the interest inthe utilization of wind energy for creating electricity. Moreover, fast increment in establishment of offshore wind turbines is expected during the coming years as offshore sites have proven to be very reliable in terms of availability of wind. . Further, because of the accessibility of huge unused space over the water bodies, bigger foundation can be fabricated helping in expanded creation of power.Also,transportation of the equipment through ocean is simple and is another critical variable driving the growth of offshore wind turbines market.Increasing governmental regulations for ecologicaladvantageareexpected to augment the establishment of new offshore wind farms during the coming years.

Offshore wind turbine technology is rapidly evolving in order to meet the future project needs,wherein the offshore sites are anticipated to be deeper and far from the shore. The technological advancements and development have helped the industry to provide innovative cutting edge solutions and further aided high energy production. Some of the key factor hindering the offshore wind turbine market is the high construction costs compared to the onshore wind turbine equipment, as they are built stronger and more durable in order to withstand rough weather conditions.

The offshore wind turbines market can be categorized on the basis of foundation type which includes monopole foundation, gravity base foundation, tripod piled foundation, tripod suction caisson foundation, steel jacket foundation, and floating wind turbines foundation. Some of the key players of the offshore wind turbines market are Siemens AG, Vestas, Goldwind Science & Technology Co., Ltd., Gamesa, General Electric, Sinovel Wind Group Co.,Ltd, Suzlon Group, and Nordex SE.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

This report provides comprehensive analysis of

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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