Offshore Wind Energy Market to Witness Huge Growth by 2027 - A2Sea, ABB, General Electric Wind Energy, Goldwind Science and Technology, MHI Vestas

Decline in the reserves of natural resources have propelled researchers to look for alternative methods of energy generations. Water resources are available in abundance on the earth and harnessing their powers for energy generations could relive the pressures on the non-renewable sources of energy. Offshore wind turbines is an innovative method of harnessing the power of sea for power generation.

The off-shore wind turbines use the power of sea winds for the generation of carbon-free renewable energy. The working principle of off-shore wind turbines is same as that of on-shore wind turbines and they are either anchored to the sea bed or are mounted on a floating structure.

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Key Benefits-

• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Offshore Wind Energy Market

• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)

Rising demands for renewable energy and initiative taken by the Government towards reduction of carbon footprints is enabling growth in the offshore wind energy market. Significant costs associated with off-shore wind energy generation poses a challenge to the growth of the offshore wind energy market. Further, phasing out of the non-renewable sources of energy and increasing investments towards development of alternative sources of power generation are expected to provide significant growth opportunities for the players operating in the offshore wind energy market.

Leading Key Players:

• A2Sea
• ABB Ltd.
• General Electric Wind Energy
• Goldwind Science and Technology Co. Ltd.
• MHI Vestas
• Ming Yang Smart Energy Group Limited
• Nexans
• Siemens Wind Power
• Sinovel Wind Group Co., Ltd
• Suzlon Group

The "Global Offshore Wind Energy Market Analysis to 2027" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the offshore wind energy market with detailed market segmentation by component, location and geography.

The global offshore wind energy market is segmented on the basis of component and location. Based on component, the offshore wind energy market is segmented into turbine, substructure, electrical infrastructure and others. On the basis of location, the offshore wind energy market is segmented into shallow water, transitional water and deep water.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global offshore wind energy market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America.

The offshore wind energy market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of eighteen countries globally along with the current trend and opportunities prevailing in the region.

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The reports cover key developments in the offshore wind energy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players.

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• Informed and strategic decision making
• Understand how first movers work
• Plan to action on future opportunities

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