Floating Wind Turbine Market - Strong Outlook; Expensive Valuations | Siemens Gamesa Renewable, MHI Vestas Offshore Wind

Floating Wind Turbine Market by Foundation (Spar-buoy Foundation, Tension-leg platform (TLP) Foundation, Semi-submersible Foundation, and Others), Depth (Shallow Water (less than 60 m Depth) and Deep Water (higher than 60 m Depth)): Opportunity Analysis and Industry Forecast, 2020-2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider Floating Wind Turbine market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Floating Wind Turbine market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get the whole report, which includes a chart and more than 100 tables and figures. - Comprehensive Analysis of COVID-19 Market Outbreak Impact and Regional Situation

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The global floating wind turbine market was valued at $3.2 billion in 2019, and is projected to reach $30.6 billion by 2027, growing at a CAGR of 32.5% from 2020 to 2027.

Floating wind turbine is a type of offshore turbine which is mounted on a floating structure. Due to floating structure, it can generate electricity in deep water which is not feasible with fixed offshore turbines. The floating wind turbine design is majorly based on spar-buoy and semisubmersible floaters. Spar-buoy design is supported by gravity and semisubmersible design depends on buoyancy. Such type of wind turbine is effective in deep water where the turbine is moored to the seabed with the help of mooring lines and anchors.

Proliferating demand for renewable power source and growing concern from government regarding zero emission of carbon is anticipated to drive the market growth. Power generation through floating wind turbine can significantly reduce carbon emission unlike conventional power sources. Furthermore, floating structure of wind turbine removes the water depth constraint while choosing site for wind power plant. Additionally, average wind speed is higher and more consistent at shore which further improves capacity factor of floating wind turbine than that of other onshore wind turbines. Moreover, floating design increases big operations, such as maintenance, repair, and installation, which further improves economic activities supporting job growth in ports. However, during heavy storms or hurricanes, the wind turbine may face severe damage. Nonetheless, technological advancements in wind turbine structure, such as "Twisted Jacket" foundation with fewer nodes and components may create further opportunities in the market.

The global floating wind turbine market is segmented on the basis of foundation and depth. On the basis of foundation, it is divided into spar-buoy, semi-submersible, and others. Spar-buoy segment accounted for significant market share, owing to simple structure and easy installation process. Based on depth, it is categorized into shallow water (less than 60 meter depth) and deep water (higher than 60 meter depth). Deep water segment accounted for significant revenue share. The installation of deep water turbine offers large area which improves capacity factor of wind turbine. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA, with country level analysis of each region.

Major players have adopted product launch, business expansion, and acquisition to sustain the intense market competition. The key players profiled in the report include Siemens Gamesa Renewable, MHI Vestas Offshore Wind, Senvion SA, ABB group, GE Renewable Energy, and NORDEX SE.

COVID-19 scenario analysis:
- The Covid-19 pandemic severely impacted the wind turbine manufacturing in countries like China, Germany.

- Additionally, planned maintenance became a major issue for industry players, owing to reduced labor force and social distancing norms.
- Furthermore, large number of project delays and cancellation of orders across the globe further affected the key markets for both blade production and wind turbine installations.

- For instance, the normal time period for project completion is around 6-9 months. But, due to unavailability of labor force and permitting delays, most of these projects are at standstill position which negatively affected the market growth.
- However, shifting trend towards domestic manufacturing and low dependency on foreign imports may improve the market scenario.
- Furthermore, implementation of digitization will aid in remote monitoring for project execution; thus, limiting the labor force on site.

Key benefits for stakeholders:
- The global floating wind turbine market analysis covers in-depth information of major industry participants.
- Porter's five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries have been mapped according to their individual revenue contribution to the regional market.
- The report provides in-depth analysis of the global floating wind turbine market for the period 2020-2027.
- The report outlines the current global floating wind turbine market trends and future estimations of the global floating wind turbine market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
- Key drivers, restraints, & opportunities and their detailed impact analysis of the global floating wind turbine market are explained in the study.

Key market segments
- By Foundation
- Spar-buoy
- Semi-submersible
- Others
- By Depth
- Shallow Water (less than 60 m Depth)
- Deep Water (higher than 60 m Depth)

For the purpose of creating company plans and strategies, our market research offers crucial information on market size, business trends, industry structure, market share, and market predictions.
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We examine how COVID-19 has affected diverse regions and significant nations.It is noted how COVID-19 will affect the industry's future growth.
Study Explore :
• Market Behavior/ Level of Risk and Opportunity
• End Industry Behavior/ Opportunity Assessment
• Expected Industry Recovery Timeline

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Each study, more than 100+ pages, is packed with tables, charts and insightful narrative including coverage on: Report Ocean provides complete tailor-made market reports that deliver vital market information on industry. Our market reports include: Market Sizing and Structuring, Micro and macro analysis, Regional dynamics and Operational landscape, Demographic profiling and Addressable market, Legal Set-up and Regulatory frameworks, Profitability and Cost analysis, Segmentation analysis of Market, Existing marketing strategies in the market, Best practice, GAP analysis, Competitive landscape, Leading market players, Benchmarking, Future market trends and opportunities - Scenario modeling
Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter's Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis Our team will be able to provide clear answers, identify key opportunities, new investments, and recommend high quality strategy routes in the market. These answers will include a holistic analysis of the: Existing market infrastructures, Market challenges and opportunities, Potential for growth in certain industries in the coming years, End-consumer target groups and their potential volumes of operation, Best regions and segments to target , Pros and cons of various promotion models, Touch points and an opportunity breakdown within the value chain, Market size and growth rate during forecast period., Key factors driving the Market., Key market trends cracking up the growth of the Market., Challenges to market growth., Key vendors of Market., Detailed SWOT analysis., Opportunities and threats faces by the existing vendors in Global Market., Trending factors influencing the market in the geographical regions., Strategic initiatives focusing the leading vendors., PEST analysis of the market in the five major regions.

The market factors described in this report are:
Key Strategic Developments in the Market:
The research includes the key strategic developments of the market, comprising R&D, M&A, agreements, new product launch, collaborations, partnerships, joint ventures, and regional growth of the key competitors functioning in the market on a global and regional scale.

Key Market Features in Global Market:
The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition to that, the study provides a comprehensive analysis of the key market factors and their latest trends, along with relevant market segments and sub-segments.
Analytical Market Highlights & Approach
The report provides the rigorously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.

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Key Points Covered in Floating Wind Turbine Market Report:

Global Floating Wind Turbine Market Research Report
Section 1: Global Floating Wind Turbine Industry Overview
Section 2: Global Economic Impact on Floating Wind Turbine Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Floating Wind Turbine Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Floating Wind Turbine Market Forecast
……..and view more in complete table of Contents

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