Press release
Offshore Wind Energy Market Forecast to 2024 with Top Companies: Vestas, Enercon, GE, Nordex Acciona, Senvion, Siemens Gamesa, MHI-Vestas, United Power, WEG SA, Goldwind, Envision Energy, Mingyang, Suzlon, Wobben, Clipper, Bergey, Impsa, LM, Enessere, RTS
Offshore Wind Energy Market
Large untapped energy potential along with the need to deliver cleaner and more affordable energy will propel the overall offshore wind energy market. The organization has further proclaimed to reach an approx. 18 GW of operational wind energy portfolio by 2019.
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Sturdy technological advancements in turbine designs accompanied by improved efficiency and cost reduction will stimulate the offshore wind energy market share. Favorable industrial outlook toward the integration and development of large units along with improving foundation techniques will further complement the business outlook.
Introduction of various superconducting generators, variable transmission devices and improved generator speed are few key developments strengthening offshore wind energy market. Improved technologies in the construction of efficient cooling systems along with the use of HV array cables will further complement the industry outlook.
The turbines account for a major share of the total project prices and play a key role toward the feasibility and plant performance. In addition, ongoing developments in turbine length and size for offshore installations, developing turbine assembly concepts and new blade designs are some of the essential factors strengthening the offshore wind energy market.
Offshore Wind Energy Market size was witnessed an annual installation of over 4 GW in 2017 and is set to exceed USD 60 Billion by 2024.
Growth Drivers:
• Favorable government policies
• Stringent energy efficiency reforms
• Huge untapped and unexplored energy potential
• Growing adoption of clean energy sources
• Increasing demand for electricity
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In 2017, Offshore wind energy market across UK was estimated over USD 8 Billion. Energy security initiatives, decarbonization reforms, and favorable regulatory measures are few imperative parameters that will foster the industry dynamics. Rising investments by leading offshore wind developers to explore the untapped offshore potential will further sway the business dynamics. As per Wind Europe in 2017, a fund allocation of over USD 50 billion was invested across the region. In addition, major contribution of the fund came from mergers at project levels, public market transactions and new assets.
Browse key industry insights spread across 800 pages with 5798 market data tables & 9 figures & charts from the report, Offshore Wind Energy Market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/offshore-wind-energy-market
Eminent offshore wind energy market participants comprise Vestas, Enercon, GE, Nordex Acciona, Senvion, Siemens Gamesa, MHI-Vestas, United Power, WEG SA, Goldwind, Envision Energy, Mingyang, Suzlon, Wobben, Clipper, Bergey, Impsa, LM, Enessere, RTS, Northern Power Systems, Availon, Global Energy Services, Prysmian, Furukawa Electric, General Cable, LS Cable, Southwire, Nexans, and Sumitomo.
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https://www.gminsights.com/industry-analysis/hybrid-power-solutions-market
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