Selbyville, Delaware, July 14, 2020 (GLOBE NEWSWIRE) --
Global Market Insights, Inc. has recently added a new report on offshore wind turbine market which estimates the global market valuation for offshore wind turbine will cross US$ 21 billion by 2026. Rising electricity demand along with shifting trend toward renewable energy technologies will fuel the industry growth. The enactment of stringent emission mandates and regulations by respective regulatory authorities toward the combustion of conventional fossil fuels will further drive the business expansion over the forecast timeframe.
Increasing efforts toward raising the overall system efficiency coupled with soaring installations of offshore wind projects will propel the integration of advanced turbine systems. Significant operational efficiency with ongoing investments towards digitalization are few indispensable parameters stimulating the technology demand. In addition, growing investor inclination toward the financing of large scale projects will further boost the demand for offshore wind turbines.
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The offshore wind turbine market from floating installation segment is set to witness 80% growth through 2026. Growing saturation of nearshore offshore sites coupled with increasing demand for high operational capacity utilization factor will drive market revenue. Advancements in installation capabilities with significant availability of high speed wind are prominent factors favoring the deployment of floating turbines across offshore platforms at higher depth levels.
Favorable policy framework and mandates coupled with rapidly declining component cost will proliferate the North America offshore wind turbine market. The region led by the U.S. is considered as one of the emerging markets for offshore wind turbine. As per the U.S. DOE, the wind technical potential presence across shallow water and on the eastern seaboard may host up to 530 GW and has the ability of encompassing over 40% of the country’s existing power generation capacity in the forthcoming years.
Browse key industry insights spread across 403 pages with 755 market data tables & 33 figures & charts from the report, “Offshore Wind Turbine Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/offshore-wind-turbine-market
Some major findings in offshore wind turbine market report include:
- Rising industrialization has driven the demand for electricity, which is ultimately proliferating the industry growth.
- Growing focus toward the deployment of clean energy technologies with high CUF will fuel technology growth.
- Ongoing shift from conventional power stations toward the adoption of renewable energy generation technologies will enhance the business growth.
- Presence of immense wind potential across offshore locations will positively surge the industry outlook.
Leading players operating in offshore wind turbine industry include MHI-Vestas, Vestas, GE Renewable Energy, Hitachi, Doosan Wind, Siemens Gamesa and Goldwind amongst others
Browse complete reports table of contents (ToC): https://www.gminsights.com/toc/detail/offshore-wind-turbine-market
Partial chapters of report table of contents (TOC):
Chapter 3 Offshore Wind Turbine Industry Insights
3.1 Industry segmentation
3.2 Industry Ecosystem
3.2.1 Vendor matrix
3.3 Innovation & sustainability
3.3.1 Enercon
3.3.2 General Electric
3.3.3 MHI Vestas
3.3.4 Siemens Gamesa
3.3.5 Nordex Acciona
3.3.6 Goldwind
3.4 Regulatory landscape
3.4.1 Global wind turbine standards and qualifications
3.4.1.1 IEC 61400
3.4.1.1.1 Purpose and function
3.4.1.1.2 Harmonization
3.4.1.2 Wind Turbine Generator (WTG) classes
3.4.1.3 List of IEC 61400 parts
3.4.2 U.S.
3.4.2.1 Renewable Electricity Production Tax Credit (PTC)
3.4.2.1.1 Renewable Electricity Production Tax Credit (PTC) rebate amount
3.4.2.2 Renewable Portfolio Standard (RPS)
3.4.3 Europe
3.4.3.1 European Union member states 2020 wind energy capacity targets (MW)
3.4.3.2 France multi-annual energy program renewable targets
3.4.4 UK
3.4.5 Germany
3.4.6 China
3.4.6.1 National offshore wind power development layout under the 13th Five-Year Plan by 2020 (in million kilowatts)
3.4.6.2 Feed-In Tariff (FIT) levels for wind energy (USD/kwh)
3.5 Global energy investment scenario (2019)
3.5.1 Largest asset finance deals in renewable energy, 2019
3.6 New renewable energy investment, by economy
3.7 Major offshore wind energy project landscape
3.7.1 U.S.
3.7.2 Germany
3.7.3 UK
3.7.4 Italy
3.7.5 Netherlands
3.7.6 France
3.7.7 Denmark
3.7.8 Belgium
3.7.9 Japan
3.7.10 China
3.7.11 South Korea
3.7.12 Taiwan
3.8 Summary of technical potential outlook
3.8.1 Brazil
3.8.2 India
3.8.3 Morocco
3.8.4 Philippines
3.8.5 South Africa
3.8.6 Sri Lanka
3.8.7 Turkey
3.8.8 Vietnam
3.8.9 U.S.
3.9 Price trend analysis
3.9.1 Global
3.9.2 Regional
3.10 Comparative analysis
3.11 Industry impact forces
3.11.1 Growth drivers
3.11.1.1 Favorable renewable policies
3.11.1.2 Significant untapped offshore wind potential
3.11.1.3 Increasing adoption of renewable sources
3.11.2 Industry pitfall & challenges
3.11.2.1 Availability of auxiliary electricity generation sources
3.12 Growth potential analysis
3.13 Porter’s analysis
3.13.1 Bargaining power of suppliers
3.13.2 Bargaining power of buyers
3.13.3 Threat of new entrants
3.13.4 Threat of substitutes
3.14 Competitive landscape, 2019
3.14.1 Strategy dashboard
3.14.1.1 Siemens AG
3.14.1.2 MHI Vestas Offshore Wind
3.14.1.3 General Electric
3.14.1.4 Enercon
3.14.1.5 Nordex
3.14.1.6 Shanghai Electric
3.14.1.7 Hitachi
3.14.1.8 Doosan Heavy Industries & Construction
3.14.2 Company market share, 2019
3.14.2.1 Europe wind turbine manufacturers, 2019
3.14.3 Technology landscape
3.14.3.1 HAWT & VAWT
3.15 PESTEL analysis
Browse related report:
Offshore Wind Energy Market Size By Component (Turbine {Rating (≤ 2 MW, >2≤ 5 MW, >5≤ 8 MW, >8≤10 MW, >10≤ 12 MW, > 12 MW), Installation (Floating {Axis {Horizontal (HAWTs) [Up-wind, Down-wind], Vertical (VAWTs)}, Component [Blades, Tower]}, Fixed {Axis {Horizontal (HAWTs) [Up-wind, Down-wind], Vertical (VAWTs)}, Component [Blade, Tower]}}}), Support Structure (Substructure (Steel), Foundation {Monopile, Jacket}), Electrical Infrastructure (Wires & Cables, Substation)), By Depth (>0 ≤ 30 m, >30 ≤ 50 m, > 50 m), Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2020 – 2026
https://www.gminsights.com/industry-analysis/offshore-wind-energy-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision-making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.