Offshore Wind Turbine Market 2020 Global Insights and Business Scenario – ADWEN, MHI Vestas Offshore Wind, Senvion, Siemens Wind Power, AREVA WIND, Clipper Windpower, Doosan

The Offshore Wind Turbine Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.

Offshore wind power or wind energy is the use of offshore constructed wind farms, usually on the continental shelf, to harvest wind energy and convert it into electrical energy. Offshore wind technology is currently at a nascent stage of development and forms a small part of the global wind power market.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Offshore Wind Turbine Market:

ADWEN, MHI Vestas Offshore Wind, Senvion, Siemens Wind Power, AREVA WIND, Clipper Windpower, Doosan, Gamesa, GENERAL ELECTRIC, Samsung Heavy Industries, Sinovel Wind Group and others.

July 13, 2020, Taipei, Taiwan: MHI Vestas Offshore Wind has reached agreements with local Taiwanese suppliers to source both cables and fasteners, becoming the only wind turbine manufacturer to source these components locally. Deepening its commitments to Taiwan, MHI Vestas has become the only wind turbine manufacturer to source cables and fasteners locally, signing agreements with Walsin Lihwa Corporation for cables and Boltun Corporation (Boltun) for fasteners, respectively. These agreements will see Walsin Lihwa Corporation and Boltun supply MHI Vestas for CIP-developed wind projects – Changfang Phase 2 and Xidao – to be delivered off the coast of Taiwan beginning in 2023.

The agreements with Walsin Lihwa Corporation and Boltun also cover the Zhong Neng project, where MHI Vestas has been named preferred turbine supplier. Changfang Phases 1 and 2, Xidao and Zhong Neng are the only four Taiwanese projects to have passed the government’s localisation review for projects allocated in Round 2. Cables and fasteners are both key components of MHI Vestas’ cutting-edge V174 turbine, which is slated for first installation in Taiwan in 2022.

Thursday, July 16 2020: The installation of the 32 Senvion 6.33-MW turbines was completed in May 2020. TWB II has a total output capacity of 200 MW and produces clean energy for around 200,000 households per year.

“We are pleased to have Siemens Gamesa at our side, an experienced and reliable partner for the servicing and maintenance of the 32 wind turbines. With the full commissioning we have successfully completed the construction phase of the offshore wind park. Now the focus is on the resilient and trouble-free operation of the turbines,” says Irina Lucke, Technical Managing Director of Trianel Windkraftwerk Borkum II.
The contract signed late in June marks a double premiere. It is the first time for Siemens Gamesa to win an offshore service contract for a wind park equipped by another manufacturer and the first time Siemens Gamesa will start servicing Senvion offshore turbines since the acquisition of the onshore service business of Senvion in Europe and its intellectual property in January 2020. Since then, the company has been awarded a number of additional onshore service contracts for Senvion turbines due to its comprehensive knowledge and expertise in servicing Senvion technology. Now the first offshore contract is added to the Siemens Gamesa service fleet.

The maintenance will start on August 1, 2020. It covers full scope service for five years and includes fixed extension options. The operational base for the service campaigns will be Borkum.

Global Offshore Wind Turbine Market Split By Product Type And Applications:

This report segments the global Offshore Wind Turbine market on the basis of Types is:

Horizontal Axis
Vertical Axis

On the basis of Application, the Global Offshore Wind Turbine market is segmented into:

Shallow Sea
Deep Sea

Geographically, the report includes the research on production, consumption, revenue, market share and growth rate, and forecast (2015-2026) of the following regions:

United States
Europe (Germany, UK, France, Italy, Spain, Russia, Poland)
China
Japan
India
Southeast Asia (Malaysia, Singapore, Philippines, Indonesia, Thailand, Vietnam)
Central and South America (Brazil, Mexico, Colombia)
Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)
Other Regions

The research study evaluates the overall size of the market, by making use of a bottom-up approach, wherein data for different industry verticals, and end-user industries and its applications across various product types have been recorded and predicted during the forecast period. These segments and sub-segments have been documented from the industry specialists and professionals, as well as company representatives, and are outwardly validated by analyzing previous years’ data of these segments and sub-segments for getting an accurate and complete market size.

Influence Of The Offshore Wind Turbine Market Report:

-Comprehensive assessment of all opportunities and risk in the Offshore Wind Turbine market.
- Offshore Wind Turbine market recent innovations and major events.
-Detailed study of business strategies for growth of the Offshore Wind Turbine market-leading players.
-Conclusive study about the growth plot of Offshore Wind Turbine market for forthcoming years.
-In-depth understanding of Offshore Wind Turbine market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Offshore Wind Turbine market.

The report has 150 tables and figures browse the report description and TOC:
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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Global Offshore Wind Turbine Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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