Press release
Floating Offshore Wind Power Market worth $494.21 million by 2030, growing at a CAGR of 7.02% - Exclusive Report by 360iResearch
Floating Offshore Wind Power Market | 360iResearch
The Global Floating Offshore Wind Power Market to grow from USD 307.34 million in 2023 to USD 494.21 million by 2030, at a CAGR of 7.02%.
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Floating offshore wind power refers to harnessing wind energy using turbines anchored to the seafloor by flexible structures, allowing them to float atop the deep coastal waters where fixed-bottom turbines cannot be deployed. Floating turbines open up vast new ocean areas for clean energy generation. The major contributor to the increased adoption of floating offshore wind power is the technological advances that enable the tapping of high-capacity wind resources in deepwater locations closer to large coastal cities. Additionally, favorable government policies and commitments to reduce carbon emissions are propelling the development of the floating offshore wind sector. Energy independence and the continuous quest for renewable sources as replacements for fossil fuels creates lucrative prospects. However, limitations exist in the form of high initial capital costs, technical complexities associated with deepwater installations, and logistical hurdles. Moreover, persistent challenges such as maritime navigational concerns, impact on marine ecosystems, and the need for specialized maintenance and operational protocols can impede their progression. Ongoing research and development activities aimed at reducing costs and improving efficiency present positive growth potential. The integration of floating wind farms into the broader energy grid, coupled with advances in energy storage, is expected to drive the expansion of this sector. Therefore, as the floating offshore wind power industry matures, an increase in investment and collaboration is expected, contributing to a transition to green energy on a global scale.
Market Segmentation & Coverage:
This research report categorizes the Floating Offshore Wind Power Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Water Depth, market is studied across Deep Water, Shallow Water, and Transitional Water. The Shallow Water is projected to witness significant market share during forecast period.
Based on Turbine Capacity, market is studied across 3 MW - 5 MW, Above 5 MW, and Up to 3 MW. The Up to 3 MW is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas is projected to witness significant market share during forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Floating Offshore Wind Power Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Floating Offshore Wind Power Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Floating Offshore Wind Power Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Alstom SA, Engie SA, Envision Energy, Flowocean AB, General Electric, Hitachi Ltd., MHI Vestas, Ming Yang Smart Energy Group Co., Mitsubishi Heavy Industries, Ltd., Nordex SE, Rockwell Automation, Inc., Siemens Gamesa Renewable Energy S.A., Suzlon Energy Limited, and Xinjiang Goldwind Science & Technology Co., Ltd.,.
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Floating Offshore Wind Power Market, by Water Depth
7. Floating Offshore Wind Power Market, by Turbine Capacity
8. Americas Floating Offshore Wind Power Market
9. Asia-Pacific Floating Offshore Wind Power Market
10. Europe, Middle East & Africa Floating Offshore Wind Power Market
11. Competitive Landscape
12. Competitive Portfolio
13. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Floating Offshore Wind Power Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Floating Offshore Wind Power Market?
3. What is the competitive strategic window for opportunities in the Floating Offshore Wind Power Market?
4. What are the technology trends and regulatory frameworks in the Floating Offshore Wind Power Market?
5. What is the market share of the leading vendors in the Floating Offshore Wind Power Market?
6. What modes and strategic moves are considered suitable for entering the Floating Offshore Wind Power Market?
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sales@360iresearch.com
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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