Off-Shore Wind Turbine Market 2018-2025 Trend: Top Players Like Siemens Wind Power, Enercon GmBH, Suzlon Group, Gamesa Corporation Technologica

The size for off-shore wind turbine market is expected to rise from USD 29,418.9 million in 2017 to USD 58.729.7 million in 2025 with a CAGR of 7.7%.

Various reason involved in the development of the market includes, increase in oil prices, shift to renewable source of energy and particularly towards offshore wind energy owing to its infrastructure that is supported by oil and gas offshore plants. The giants for oil & gas industry therefore find immense potential to shift towards offshore wind energy as they already possess the infrastructure and skill set for the same, thus boosting the market for turbine.

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The comprehensive study offers an overview of the current state of development of the business as well as predicts the course of progress across different regions. A large number of factors including the major driving forces, threats and opportunities are taken into account to present an analytical picture of the industry portrayed in the report.

The research further examines and provides data on the market by type, application and geography interspersed with illustrations and other graphical representations. The market analysis not only determines the attractiveness of the industry but also the evolving challenges and opportunities and their association with the weaknesses and strengths of prominent market leaders.

Market Segment by manufacturers, the report covers the following companies:
Siemens Wind Power, Enercon GmBH, Guodian United Power Technology Company Ltd, Gamesa Corporation Technologica S.A., Goldwind, Upwind Solutions Inc., Vestas Wind Systems A/S, Nordex S.E., Suzlon Group, GE Wind Energy and Xinjiang Goldwing Science & Technologies

Market Segment on the basis of Foundation Insights (Revenue, USD Million; 2014–2025), the report covers:
• Jacket
• Tripod
• Mono Pile
• Floating

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Market Segment on the basis of Turbine size (Revenue, USD Million; 2014–2025), the report covers:
• 5 MW
• 6 MW
• 7 MW

Market-O-Nomics
• Offshore wind market is expected to grow from USD 21.65 billion from 2017 to USD 41.35 Billion in 2022 with a CAGR of 21.36%.
• Seven projects worth USD 17.41 billion were commissioned in Europe as FDI’s in 2016. This would likely fund an additional 3.7GW capacity therefore showing 100 % growth than the figures in 2015
• European region, however estimations indicate post 2021, the growth rate has potential to pick up and close at a healthy position by the end of 2025.
• Capital cost of installation in China for offshore wind turbine fell down by more than 21%
• Global installation and operating cost for offshore wind turbine decreased by 18%

Key Topics Covered:
• Off-Shore Wind Turbine Market Overview
• Global Off-Shore Wind Turbine Market Competition by Manufacturers
• Global Off-Shore Wind Turbine Capacity, Production, Revenue (Value) by Region (2013-2018)
• Global Off-Shore Wind Turbine Supply (Production), Consumption, Export, Import by Region (2013-2018)
• Global Off-Shore Wind Turbine Production, Revenue (Value), Price Trend by Type
• Global Off-Shore Wind Turbine Market Analysis by Application
• Global Off-Shore Wind Turbine Manufacturers Profiles/Analysis

The study segments the complete Off-Shore Wind Turbine market on the basis of different application, end-use, end-user, and production capability. From a business standpoint, the industry has been thoroughly examined across various countries located in North America, Europe, Asia-Pacific, and others. The size of the industry for the forecast period 2018 - 2025 is evaluated on the basis of current sales figures and past financial report can be used to forecast the future sales.

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