Press release
Offshore Wind Turbine Installation Vessels Market Size, Business Revenue Forecast, Leading Competitors And Growth Trends 2025
Wind turbine installation vessels (WTIV) load, lift, install, and transport offshore wind turbine facilities. The installed capacity of offshore wind power has grown by leaps and bounds recently, leading to a shortage of turbine installations. A shift towards cleaner energy coupled with a low supply of turbines should fuel demand in the offshore wind turbine installation vessels market. Wind turbine vessels are hired on a daily rate basis and can be booked for months in advance depending on the operational requirement.
Get Sample Copy of Offshore Wind Turbine Installation Vessels Market @ https://www.fairfieldmarketresearch.com/report/offshore-wind-turbine-installation-vessels-market/request-sample
Rapid Recovery Post-COVID-19 to Benefit Offshore Wind Turbines Installation Market
In 2019, the cost of generating offshore wind power plunged to record levels due to intense competition, increased economies of scale, and rapid technological developments. Therefore, several companies have shifted from onshore to offshore wind energy generation. The surging demand for offshore wind power has led to a shortage of wind turbine installation vessels, forcing companies to purchase new ones. Although COVID-19 lockdowns have undoubtedly had an impact, the offshore wind turbine installation vessels market is predicted to demonstrate a V-shaped recovery curve.
Presence of Large Companies Makes Europe Most Mature Offshore Wind Turbines Installation Market
An emphasis on clean energy generation and a greater awareness of climate change explains Europe's dominance of the offshore wind turbines installations market. The continent has thousands of integrated wind turbines spread across 12 countries with the majority located in the North Sea and Baltic Sea. Walney Extension, the world's largest wind farm is located in Europe and it is also home to the first floating offshore farm in Scotland. Spanish giant Iberdrola is leading a consortium that seeks to construct a large offshore wind turbine in the North Sea. Construction is expected to begin in Q2 2021 with installation in Q1 2022.
Versatility of Self-propelled Jack-ups Explains Their Popularity in Offshore Wind Turbines Installation Market
The self-propelled jack-up is the leading vessel type in the offshore wind turbines installations market. Self-propelled jack-up vessels are designed for installing small wind turbines with a capacity below 8 MW. Self-propelled jack-up vessels can be equipped with onboard cranes, welfare facilities, inclined access ladders, or safety boats. Self-propelled jack-ups find widespread application in decommissioning, construction, and maintenance tasks. A recent trend in the offshore wind turbine installation vessels market has been the shift towards larger turbines such as heavy lift vessels. Heavy lift vessels are ideal for lifting and fitting high capacity turbines in the oil & gas industry.
Do You Have Any Query Or Specific Requirement? Request for Custom Research: https://www.fairfieldmarketresearch.com/report/offshore-wind-turbine-installation-vessels-market/request-customization
Consolidation Makes it Impossible to Break Incumbent Stranglehold of Offshore Wind Turbines Installation Market
The five largest companies currently hold more than half of the offshore wind turbine installation vessels market by market share. In 2020, Swire Blue Ocean signed a contract for the installation and transportation of wind turbines in Hollandse Kust Zuid with its Pacific Osprey wind turbine installation vessel. Later that same year, A2Sea's Sea Installer completed the installation of all wind turbines at the Rentel offshore farm in Belgium. Other companies playing a prominent role in the offshore wind turbine installation vessels market include Van Oord, MPI-Offshore, Seajacks, Scorpio Bulkers Inc., Fred. Olsen Windcarrier, Geosea, Jack-Up Barge, and SEAFOX.
Browse Trending Reports by Fairfield Market Research-
Mouth Ulcers Treatment Market- https://www.globenewswire.com/en/news-release/2022/05/24/2449588/0/en/Mouth-Ulcers-Treatment-Market-Reaches-US-2-047-9-Mn-by-2026-From-in-US-1-690-6-Mn-2021-at-a-Healthy-3-9-CAGR-Fairfield-Market-Research.html
Vehicle Battery Market-https://www.globenewswire.com/en/news-release/2022/05/16/2444120/0/en/Vehicle-Battery-Market-Size-to-Exceed-US-43-3-Bn-by-2030-End-China-to-Remain-Global-Hub-Fairfield-Market-Research.html
Lithium Mining Market-https://www.globenewswire.com/en/news-release/2022/05/12/2442146/0/en/Global-Lithium-Mining-Market-Stood-at-US-829-73-Mn-in-2019-and-is-Expected-to-Reach-US-1-630-30-Mn-by-2025-Registering-a-CAGR-of-26-3-Fairfield-Market-Research.html
Contact
Fairfield Market Research
London, UK
UK +44 (0)20 30025888
USA +1 (844) 3829746 (Toll-free)
Email: sales@fairfieldmarketresearch.com
Web: https://www.fairfieldmarketresearch.com/
Follow Us: https://bit.ly/3voYIm9
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
Get Sample Copy of Offshore Wind Turbine Installation Vessels Market @ https://www.fairfieldmarketresearch.com/report/offshore-wind-turbine-installation-vessels-market/request-sample
Rapid Recovery Post-COVID-19 to Benefit Offshore Wind Turbines Installation Market
In 2019, the cost of generating offshore wind power plunged to record levels due to intense competition, increased economies of scale, and rapid technological developments. Therefore, several companies have shifted from onshore to offshore wind energy generation. The surging demand for offshore wind power has led to a shortage of wind turbine installation vessels, forcing companies to purchase new ones. Although COVID-19 lockdowns have undoubtedly had an impact, the offshore wind turbine installation vessels market is predicted to demonstrate a V-shaped recovery curve.
Presence of Large Companies Makes Europe Most Mature Offshore Wind Turbines Installation Market
An emphasis on clean energy generation and a greater awareness of climate change explains Europe's dominance of the offshore wind turbines installations market. The continent has thousands of integrated wind turbines spread across 12 countries with the majority located in the North Sea and Baltic Sea. Walney Extension, the world's largest wind farm is located in Europe and it is also home to the first floating offshore farm in Scotland. Spanish giant Iberdrola is leading a consortium that seeks to construct a large offshore wind turbine in the North Sea. Construction is expected to begin in Q2 2021 with installation in Q1 2022.
Versatility of Self-propelled Jack-ups Explains Their Popularity in Offshore Wind Turbines Installation Market
The self-propelled jack-up is the leading vessel type in the offshore wind turbines installations market. Self-propelled jack-up vessels are designed for installing small wind turbines with a capacity below 8 MW. Self-propelled jack-up vessels can be equipped with onboard cranes, welfare facilities, inclined access ladders, or safety boats. Self-propelled jack-ups find widespread application in decommissioning, construction, and maintenance tasks. A recent trend in the offshore wind turbine installation vessels market has been the shift towards larger turbines such as heavy lift vessels. Heavy lift vessels are ideal for lifting and fitting high capacity turbines in the oil & gas industry.
Do You Have Any Query Or Specific Requirement? Request for Custom Research: https://www.fairfieldmarketresearch.com/report/offshore-wind-turbine-installation-vessels-market/request-customization
Consolidation Makes it Impossible to Break Incumbent Stranglehold of Offshore Wind Turbines Installation Market
The five largest companies currently hold more than half of the offshore wind turbine installation vessels market by market share. In 2020, Swire Blue Ocean signed a contract for the installation and transportation of wind turbines in Hollandse Kust Zuid with its Pacific Osprey wind turbine installation vessel. Later that same year, A2Sea's Sea Installer completed the installation of all wind turbines at the Rentel offshore farm in Belgium. Other companies playing a prominent role in the offshore wind turbine installation vessels market include Van Oord, MPI-Offshore, Seajacks, Scorpio Bulkers Inc., Fred. Olsen Windcarrier, Geosea, Jack-Up Barge, and SEAFOX.
Browse Trending Reports by Fairfield Market Research-
Mouth Ulcers Treatment Market- https://www.globenewswire.com/en/news-release/2022/05/24/2449588/0/en/Mouth-Ulcers-Treatment-Market-Reaches-US-2-047-9-Mn-by-2026-From-in-US-1-690-6-Mn-2021-at-a-Healthy-3-9-CAGR-Fairfield-Market-Research.html
Vehicle Battery Market-https://www.globenewswire.com/en/news-release/2022/05/16/2444120/0/en/Vehicle-Battery-Market-Size-to-Exceed-US-43-3-Bn-by-2030-End-China-to-Remain-Global-Hub-Fairfield-Market-Research.html
Lithium Mining Market-https://www.globenewswire.com/en/news-release/2022/05/12/2442146/0/en/Global-Lithium-Mining-Market-Stood-at-US-829-73-Mn-in-2019-and-is-Expected-to-Reach-US-1-630-30-Mn-by-2025-Registering-a-CAGR-of-26-3-Fairfield-Market-Research.html
Contact
Fairfield Market Research
London, UK
UK +44 (0)20 30025888
USA +1 (844) 3829746 (Toll-free)
Email: sales@fairfieldmarketresearch.com
Web: https://www.fairfieldmarketresearch.com/
Follow Us: https://bit.ly/3voYIm9
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
