openPR Logo
Press release

Offshore Wind Market to Witness Robust Expansion throughout the Forecast 2019 - 2025 | MHI Vestas, Siemens AG, General Electric, ABB, Ltd., EEW Group, Nexans, and A2SEA A/S

07-08-2019 03:19 PM CET | Energy & Environment

Press release from: Coherent Market Insight

Offshore Wind

Offshore Wind

Global Offshore Wind Market – Insights
Offshore wind provides the electrical energy on the continental shelf to harvest the wind energy. Wind speed is generally stronger and steady at the offshores than on the land. Offshore wind turbines are also located near to coastal areas eliminating the need for new overland transmission lines. Slight increase in speed of wind can generate a significantly greater amount of electricity, as the potential energy of wind is directly proportional to the cube of wind speed. For instance, the turbine at a site with average wind speed 16 miles per hour (mph) would produce more than around 50% electricity than 14 mph average speed of the same turbine.

To know the latest trends and insights prevalent in this market, click the link: https://www.coherentmarketinsights.com/insight/request-sample/978

Some of the major players in the global offshore wind market are MHI Vestas, Siemens AG, General Electric, ABB, Ltd., EEW Group, Nexans, and A2SEA A/S.

Key factors influencing growth in offshore wind market are high investments in renewable sources of energy and favorable government policies. For instance, the National Ocean Industries Association was U.S’s first offshore wind farm in 2017. Moreover, increasing concern toward the non-renewable source of energy such as fossil fuel, awareness for their harmful effects of greenhouse gases such as carbon dioxide, and rising demand for electricity will help in increasing the growth of offshore wind market.

Else, Place a customization Before Buying 'Offshore Wind Industry Report 2025' @ https://www.coherentmarketinsights.com/insight/request-customization/978

In 2016, Europe was the leading region in the offshore wind market with a market share of 56.99% and is expected to reach US$ 39.39 billion by 2025 with a CAGR of 12.9%. The main reason for the expansion of offshore wind market in Europe is owing to its favorable weather for the offshore wind market. According to Global Wind Energy Council (GWEC), 2016, out of all the offshore wind installations, around 88% were located in costal waters of 10 European economies and remaining installations (around 12%) was located in China, Japan, Taiwan, South Korea, and the U.S.

According to Bureau of Ocean Energy Management, roughly 50% population in the U.S lives near coastal areas. Also in coastal areas, land-based renewable sources are limited and energy cost and demand are high. Offshore wind energy has potential to supply large quantity of renewable energy to the U.S coastal cities such as Los Angeles, New York City, and Boston.

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysisthrough various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Offshore Wind Market to Witness Robust Expansion throughout the Forecast 2019 - 2025 | MHI Vestas, Siemens AG, General Electric, ABB, Ltd., EEW Group, Nexans, and A2SEA A/S here

News-ID: 1799049 • Views: 206

More Releases from Coherent Market Insight

Hydroponics Market (2020-2026) | What Recent Study Say About Top Companies | Bak …
The recent report titled “Covid-19 Impact on Global Hydroponics Market Size, Status and Forecast 2020-2026” offered by coherentmarketinsights.com, comprises of a comprehensive investigation into the geographical landscape, industry size along with the revenue estimation of the business. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the “Hydroponics market”. This is the most recent report inclusive of the COVID-19 effects on the
Global Melatonin Market Size, Share, Analytical Overview, Future Trends, Demand, …
The recent report titled “Covid-19 Impact on Global Melatonin Market Size, Status and Forecast 2020-2026” offered by coherentmarketinsights.com, comprises of a comprehensive investigation into the geographical landscape, industry size along with the revenue estimation of the business. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the “Melatonin market”. This is the most recent report inclusive of the COVID-19 effects on the
Irish Whiskey Market Size 2020-2026 Review, Key Findings, Growth Strategy, Devel …
The recent report titled “Covid-19 Impact on Global Irish Whiskey Market Size, Status and Forecast 2020-2026” offered by coherentmarketinsights.com, comprises of a comprehensive investigation into the geographical landscape, industry size along with the revenue estimation of the business. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the “Irish Whiskey market”. This is the most recent report inclusive of the COVID-19 effects
Yerba Mate Market Analysis, Trends, Top Manufacturers, Opportunities & Forecast …
The recent report titled “Covid-19 Impact on Global Yerba Mate Market Size, Status and Forecast 2020-2026” offered by coherentmarketinsights.com, comprises of a comprehensive investigation into the geographical landscape, industry size along with the revenue estimation of the business. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the “Yerba Mate market”. This is the most recent report inclusive of the COVID-19 effects

All 5 Releases


More Releases for Offshore

Aban Offshore Ltd
Aban Offshore Ltd Aban Offshore Ltd – Company Profile & Financial Analysis” contains in depth information and data about the company and its operations. You will find information on the business structure, areas of operation, products and services offered by the company. It also comprises SWOT analysis, key ratios, historical financial data and insider’s view on financial stability and industrial ranking with financial forecasts for two- year period. This report is
Global Offshore Hydropower Market
A new report added to the repository of Market Research Reports Search Engine “Offshore Hydropower Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023” is a comprehensive repository of information, providing market share, size, and forecast. Request for Sample Report @ https://www.mrrse.com/sample/1785  Global Offshore Hydropower Market: Overview The global offshore hydropower market is substantially gaining from the rising demand for clean energy. Concerns pertaining to the depleting resource
Global Offshore Investments Analytics
Summary Global Offshore Investments Analytics enables cross-comparison of the global offshore investments markets at a country level for 55 countries. For each of these markets, the dashboard presents historic data on the balances for the key product areas available for the market under consideration. The product areas are deposits, mutual funds, equities, and bonds. Request Sample Report: http://www.reportbazzar.com/request-sample/?pid=439724&ptitle=Global+Offshore+Investments+Analytics&req=Sample Synopsis – Compare the performance of 55 offshore investments markets around the world. – Understand the asset
Global Offshore Investments Analytics
Summary Global Offshore Investments Analytics enables cross-comparison of the global offshore investments markets at a country level for 55 countries. For each of these markets, the dashboard presents historic data on the balances for the key product areas available for the market under consideration. The product areas are deposits, mutual funds, equities, and bonds. Request Sample Report: http://www.reportbazzar.com/request-sample/?pid=439724&ptitle=Global+Offshore+Investments+Analytics&req=Sample Synopsis – Compare the performance of 55 offshore investments markets around the world. – Understand the asset
Main Offshore Services of World Offshore
World Offshore is a specialist in the creation of the offshore companies in almost every country in the world. Over the last 10 years World Offshore offers advice and legal expertise to those who wish to invest in the field of offshoring. Offshore Virtual Office Like a regular business, the management of an offshore company is not easy. You must be reachable all the time for good business. Therefore World
Offshore Development Outsourcing Services
Offshore Development Outsourcing Services are important for the difference they make to a project. The benefits coming through them can be highlighted through the fanciest of words but felt in the real sense only when the work shows results. Getting offshore service providers to do web development projects has been a practice in place for a long time now. Their outsourcing services have made a world of difference to the applications