openPR Logo
Press release

Top Trends in Floating Wind Turbine Market with Leading Key Players, Industry Share and Latest Opportunities 2027

02-28-2022 10:56 AM CET | Energy & Environment

Press release from: UnivDatos Market Insights (UMI)

Floating Wind Turbine Market

Floating Wind Turbine Market

The rising need to curb global greenhouse gas (GHG) emissions from numerous sources and significant measures to achieve a carbon-free society is fueling the demand for global Floating Wind Turbine market growth.

Investments in the offshore wind energy sector have augmented in recent times, due to the surging awareness about the advantages of renewable sources of energy. Moreover, the limited availability of fossil fuel reserves is encouraging many governments and private organizations to focus on non-conventional and clean energy sources for generating power.

Floating foundations are potentially a "game-changing" technology to effectively exploit abundant wind potential in deeper waters and thus could lead the way for rapid future growth in the offshore wind power market. Further, floating foundations offer the offshore wind industry two important opportunities: 1) they allow access to sites with water deeper than 60 meters, and 2) they ease turbine set-up, even for mid-depth conditions (30-50 meters) and may in time offer a lower-cost alternative to fixed foundations.

Request Sample Copy of this Report @ https://univdatos.com/get-a-free-sample-form-php/?product_id=6222

Also, floating foundations generally offer environmental benefits compared with fixed-bottom designs due to less-invasive activity on the seabed during installation. The ability of floating offshore wind turbines to unlock areas of deep water close to shore and large population centers, notably in Japan and the US, could greatly expand offshore wind deployment. Floating technologies can also be applied intensively in south-east Asia, Oceania and Northern Europe which is further creating demand for the same globally.

According to UnivDatos Market Insights (UMI)' research report "Global Floating Wind Turbine Market", the market is expected to witness a CAGR growth of xx% during the forecast period 2021-2027F. In recent years, rapid advancements in floating offshore wind technologies such as "Twisted Jacket" foundation with fewer nodes and components is projected to create lucrative opportunities in the market. Also, many countries such as: UK, Portugal, Japan, South Korea, France, and Norway have many floating wind projects in pipeline which in turn, is likely to propel the demand for Floating Wind Turbine across the globe. Also, the adoption of floating wind power is expected to rise owing to its operational advantages over the fixed structure installations of wind farms. Country governments are partnering with private sector to invest significantly in Floating Wind Turbine technology to increase their renewable power mix which is further driving the market growth in the global context.

Based on the Foundation Type, the market is segmented into Spar-buoy, Semi-submersible and Others. The Spar-buoy segment grabbed XX% market share of the Global Floating Wind Turbine Market and gathered revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 due to its simple design which can be easily fabricated. In addition, spar-buoy involves few numbers of welds and complicated components unlike semi-submersible-platform.

Request Sample Copy of this Report @ https://univdatos.com/get-a-free-sample-form-php/?product_id=6222

Based on depth, the market is segmented into Shallow Water (less than 60 m Depth) & Deep Water (higher than 60 m Depth). In 2020, the Deep Water (higher than 60 m Depth) segment dominated the Floating Wind Turbine Market and accounted for XX% market share. This segment will witness a considerable CAGR of XX% during the forecast period (2021-2027F) as installation of deep-water turbine offers large area with no constraint of water depth which aids in selecting the best site for power generation & also has more potential to generate higher energy yields for the offshore wind farm.

Europe to Grab Lion's Share & will witness significant growth in the forecasted period
Based on regions, the report provides detailed analysis for overall adoption of Floating Wind Turbine in the Global region including North America, Europe, Asia-Pacific, and rest of World. Europe has grabbed the major market share in 2020 due to largest share of offshore wind power installed capacity as well as floating wind farms in 2020 & favorable government policies in countries, such as UK, Norway, France, Portugal, which are driving clean energy usage.

According to UnivDatos Market Insights (UMI)', the key players with a considerable market share in the Global Floating Wind Turbine Market are Nordex SE, Suzlon Energy Ltd, Ming Yang Smart Energy Group Co., GE Renewable Energy, ABB Ltd., Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy SA, Xinjiang Goldwind Science & Technology Co., Ltd., Hitachi Ltd. & Enercon GmbH. These companies are investing heavily on Floating Wind Turbine production & technology to increase their customer base.

For more informative information, please visit us @ https://univdatos.com/report/floating-wind-turbine-market/

"Global Floating Wind Turbine Market" provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.

Market Segmentation:
1. By Foundation (Spar-buoy, Semi-submersible, & Others)
2. By Depth (Shallow Water (less than 60 m Depth), and Deep Water (higher than 60 m Depth))
3. By Region (North America, Europe, Asia-Pacific, and Rest of World)
4. By Company (Nordex SE, Suzlon Energy Ltd, Ming Yang Smart Energy Group Co., GE Renewable Energy, ABB Ltd., Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy SA, Xinjiang Goldwind Science & Technology Co., Ltd., Hitachi Ltd. & Enercon GmbH)

For more informative information, please visit us @ https://univdatos.com/report/floating-wind-turbine-market/

Key questions answered in the study:
1. What are the current and future trends of the Global Floating Wind Turbine industry?
2. How the industry has been evolving in terms of end-user demand and product category?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Floating Wind Turbine industry?
5. What is the customer orientation, purchase behavior, and expectations from the Global Floating Wind Turbine suppliers across various countries?

Contact
UnivDatos Market Insights
Pawnendra Pawan
Client Development Lead
Ph: +91-7838604911
Email: pawnendra@univdatos.com
Website: https://univdatos.com/

About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

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 Top Trends in Floating Wind Turbine Market with Leading Key Players, Industry Share and Latest Opportunities 2027 here

News-ID: 2565691 • Views:

More Releases from UnivDatos Market Insights (UMI)

Airline Route Profitability Software Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos
Airline Route Profitability Software Market - Industry Size, Share, Growth & For …
The Airline Route Profitability Software Market is expected to grow at a steady rate of around 10% owing to the increased adoption of technologies such as artificial intelligence, mobile and conversational commerce coupled with business analytics and market intelligence. Thus, helping airlines to identify demand trends and increase profit margins by calculating and evaluating the cost of currently operated routes. Moreover, the rising need to find shorter as well as
Building Energy Management System Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos
Building Energy Management System Market - Industry Size, Share, Growth & Foreca …
Global Building Energy Management System market is expected to register a CAGR of around 11% over the period of 2022-2028. A building energy management system (BEMS) is a computer-based system that monitors and controls a building's electrical and mechanical equipment such as lighting, power systems, heating, and ventilation. Growth in technological advancement has made building energy management systems a vital component for managing energy demand, especially in large building sites.
Cloud Computing Market - Industry Analysis by Size, Share, Growth & Forecast (2022-2028) | UnivDatos
Cloud Computing Market - Industry Analysis by Size, Share, Growth & Forecast (20 …
Internet penetration rate and data generated yearly are some of the most prominent factors driving the growth of the cloud computing market because as the size of generated data increases the need for this data to be stored either in physical storage devices or in cloud storage also increases. Moreover, physical storage devices are easy to access but they are more expensive and less secure than cloud storage, there is
Perimeter Security Market Report 2022 - Global Business Trends, Emerging Growth, Key Factors, Business Development and Opportunities till 2028
Perimeter Security Market Report 2022 - Global Business Trends, Emerging Growth, …
Perimeter security refers to an integrated system that enables the physical security of a facility. It helps in protecting against unauthorized physical intrusion. Outdoor perimeter security includes technologies such as video surveillance systems, access control systems, communication and notification systems, and intruder detection systems. Recent technological advances have introduced infrared, microwave, radar, and seismic sensors. This has contributed to the robustness of these systems. Download a Sample Copy of this Report

All 5 Releases


More Releases for Floating

Floating Work Platforms Market Expected To Rise Significantly From 2023-2030| Xi …
"Worldwide Market Reports offers 𝐔𝐩𝐭𝐨 𝟕𝟎% 𝐝𝐢𝐬𝐜𝐨𝐮𝐧𝐭 on Floating Work Platforms Market Reports on Single User Access and Unlimited User Access" The report discusses everything a marketer requires before investing in the global Floating Work Platforms during the forecast period 2023-2030. It provides detailed insight into current trends, shares, size, and sales value and volume. The data used for this report is obtained from reliable industry sources, paid resources, and validated
Floating Power Plant Market
In the past few years, the Floating Power Plant market experienced a huge change under the influence of COVID-19 and Russia-Ukraine War, the global market size of Floating Power Plant reached the predicted milestone in 2022 with the rising CAGR from 2017-2022. Facing the complicated international situation, the future of the Floating Power Plant market is full of uncertain. Report predicts that the global Floating Power Plant market size will
Floating PV Systems Dominate Floating Solar Panels Industry
A collection of photovoltaic solar panels set on a structure that floats on a body of water, typically a lake or reservoir, is referred to as a floating solar power plant or floating solar farm. The construction of floating solar farms uses floating solar panels. The usage of floating solar panels has been expanding because they offer a cost-effective, novel, and reliable renewable alternative for utilizing the vacant water surfaces of
High-Quality Floating Wheel Cap/LED Floating Wheel Cap Product in South Korea
Boswell Korea Co., Ltd. developed the LED emblem and spinning wheel cap for the first time in Korea. Great Benefits of Bosswell Korea ✔Car dress-up tuning products ✔LED floating wheel cap patent introduction (Korea, USA, Japan, China), ✔Floating wheel cap patent (September 2020) ✔Janine, Spain, introduces NSV in Dubai, floating wheel cap to the world, Reliability Test Pass Test Report The floating Wheel Cap is the logo of the car manufacturer that stays upright all
Automotive Products |Floating wheel cap and LED Floating Wheel Caps Manufacturer
Bosswellkorea, Inc. was founded in 2014 and is specializing in the development of automotive products, LED lighting floating wheel cap and LED lighting emblem, LED lighting signboard. LED floating wheel cap patent introduction (Korea, USA, Japan, China), Floating wheel cap patent (September 2020). Janine, Spain, introduces NSV in Dubai, floating wheel cap to the world Reliability Test Pass Test Report A floating wheel cap is a product that fits in the
Global Floating Work Platforms Market 2019 Industry Insights and Major Players a …
"Up Market Research, has recently developed a report on the ‘Floating Work Platforms market’ which presents substantial inputs about the market size, market share, regional trends, and profit projection of this business sphere. The report also enlightens users regarding the foremost challenges and existing growth tactics implemented by the leading organizations that constitute the dynamic competitive gamut of this industry. The Global Floating Work Platforms market 2019 research provides a basic