Press release
Floating Wind Turbine Market Research Report for Complete Analysis of Current Scenario
A floating wind turbine, a type of offshore wind turbine, is supported by a floating foundation where most of the mass is underwater. The mounted structure allows the wind turbine to generate electricity in the water depth where a fixed foundation is not applicable. A floating wind turbine is effective in a narrow continental shelf that has an average depth of 200-250 meters.
Access the Full Report @ https://www.alliedmarketresearch.com/floating-wind-turbine-market-A07598
The global floating wind turbine market is heading toward an expansion phase. This is attributed to the surge in demand for renewable power sources across the globe. In addition, a rise in concern from governments across emerging nations, such as China, India, and South Korea, regarding zero-emission norms is expected to drive market growth.
Growing concern from governments across the globe regarding renewable power sources is anticipated to boost the floating wind turbine market growth. In addition, around 80% of the offshore wind resources are located in waters more than 60-meter depth, where the fixed offshore turbine is not effective. As the floating structure can harness wind resources even at deep water levels, it is more effective in narrow continental shelf regions with seawater depths of more than 200 meters. In addition, floating wind turbines can decrease the cost of energy production more than that fixed wind turbines in case of long-term business. For instance, the present levelized cost of energy (LCOE) for wind turbines in Europe is around $220-$245 which is expected to reach $50-$73 by 2030.
Based on the foundation, the spar-buoy segment garnered the highest market share, owing to its simple design which can be easily fabricated. In addition, spar-buoy involves few welds, unlike other designs.
Get a PDF brochure for Industrial Insights and Business Intelligence @ https://www.alliedmarketresearch.com/request-sample/7963
Based on depth, the deep water (>60 meters) segment emerged as the market leader. The installation of a deep water turbine offers a large area with no constraint of water depth which helps in selecting the best site for a wind power plant.
Europe accounted for a significant market share, owing to favorable government measures to promote renewable power sources for industrial and commercial applications.
Major players have adopted product launches, business expansions, and acquisitions to sustain the intense market competition. The key players profiled in the report include Siemens Gamesa Renewable, MHI Vestas Offshore Wind, Senvion SA, ABB group, GE Renewable Energy, and NORDEX SE.
Procure Complete Report @ https://www.alliedmarketresearch.com/checkout-final/de696c72b6f128595f797a553c441bc2?utm_source=AMR&utm_medium=research&utm_campaign=P21776
Key findings of the study
• Semi-submersible Foundation is projected to grow at the highest CAGR of approximately 33.9%, in terms of revenue, during the forecast period.
• By depth, the shallow water segment is anticipated to grow with a CAGR of 33.3%, in terms of revenue, during the forecast period.
• Europe dominated the floating wind turbine market with more than 60% revenue shares in 2019.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll-Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Access the Full Report @ https://www.alliedmarketresearch.com/floating-wind-turbine-market-A07598
The global floating wind turbine market is heading toward an expansion phase. This is attributed to the surge in demand for renewable power sources across the globe. In addition, a rise in concern from governments across emerging nations, such as China, India, and South Korea, regarding zero-emission norms is expected to drive market growth.
Growing concern from governments across the globe regarding renewable power sources is anticipated to boost the floating wind turbine market growth. In addition, around 80% of the offshore wind resources are located in waters more than 60-meter depth, where the fixed offshore turbine is not effective. As the floating structure can harness wind resources even at deep water levels, it is more effective in narrow continental shelf regions with seawater depths of more than 200 meters. In addition, floating wind turbines can decrease the cost of energy production more than that fixed wind turbines in case of long-term business. For instance, the present levelized cost of energy (LCOE) for wind turbines in Europe is around $220-$245 which is expected to reach $50-$73 by 2030.
Based on the foundation, the spar-buoy segment garnered the highest market share, owing to its simple design which can be easily fabricated. In addition, spar-buoy involves few welds, unlike other designs.
Get a PDF brochure for Industrial Insights and Business Intelligence @ https://www.alliedmarketresearch.com/request-sample/7963
Based on depth, the deep water (>60 meters) segment emerged as the market leader. The installation of a deep water turbine offers a large area with no constraint of water depth which helps in selecting the best site for a wind power plant.
Europe accounted for a significant market share, owing to favorable government measures to promote renewable power sources for industrial and commercial applications.
Major players have adopted product launches, business expansions, and acquisitions to sustain the intense market competition. The key players profiled in the report include Siemens Gamesa Renewable, MHI Vestas Offshore Wind, Senvion SA, ABB group, GE Renewable Energy, and NORDEX SE.
Procure Complete Report @ https://www.alliedmarketresearch.com/checkout-final/de696c72b6f128595f797a553c441bc2?utm_source=AMR&utm_medium=research&utm_campaign=P21776
Key findings of the study
• Semi-submersible Foundation is projected to grow at the highest CAGR of approximately 33.9%, in terms of revenue, during the forecast period.
• By depth, the shallow water segment is anticipated to grow with a CAGR of 33.3%, in terms of revenue, during the forecast period.
• Europe dominated the floating wind turbine market with more than 60% revenue shares in 2019.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll-Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
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