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Offshore Wind Turbines Market: Growing Emphasis on Renewable Energy Driving Demand

04-03-2017 05:30 PM CET | Energy & Environment

Press release from: Transparency Market Research-Energy & Mining

Offshore Wind Turbines Market: Growing Emphasis on Renewable

ALBANY, New York, March 27, 2017 – According to a study by Transparency Market Research (TMR), the global offshore wind turbines market is projected for a robust growth rate during the forecast period of 2015 to 2023, gaining from increasing efforts to conserve energy and growing emphasis on renewable resources across the globe. The report, titled “Offshore Wind Turbines Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,” has been prepared to serve as a credible business document for targeted audiences such as wind turbine component suppliers, wind farm developers and investors, and government agencies and industry associations. The report also profiles a number of leading players currently operation in this market, evaluating their share at the global level and recent strategic developments.

Browse Market Research Report @
http://www.transparencymarketresearch.com/offshore-wind-turbines-market.html

The report observes that new generation of wind turbines have extended efficiency, which is prompting the uptake. Depleting natural energy resources, rising prices of non-renewable energy sources, escalating energy consumption owing to increasing population and rapid urbanization, supportive government regulatory pertaining to environment, and utility scale generation are some of the other important factors augmenting the demand in the global offshore wind turbines market. Unlike onshore wind energy, which require large landscapes for proper function as well as pose threats to other organisms in its vicinity, offshore wind energy has vast oceanic landscapes to utilize for the generation of energy. Over these vast water bodies, bigger foundation can be constructed in order to meet the escalating energy demands and achieve optimum profits. This is another factor favoring the global offshore wind turbines market.

On the other hand, heavy capital investment required for wind power in comparison to traditional non-renewable energy is the most prominent hindrance over the market, although continuous technological advancements, the costs are coming down and adoptability is increasing. Moreover, the simplicity of transportation of the equipment through ocean is relatively simpler than onshore wind turbines. This is another factors luring the investors.

Based on foundation type, the offshore wind turbines market can be segmented into gravity base foundation, monopole foundation, steel jacket foundation, tripod suction caisson foundation, floating wind turbines foundation, and tripod piled foundation. Geographically, the report studies the potential of the regional markets for offshore wind turbines in Asia Pacific, Europe, North America, and others. The U.K., the U.S., France, Germany, India, and China are most lucrative country-wide markets for offshore wind turbines owing to increased investments in the renewable energy market.

General Electric, Vestas, Gamesa, Siemens AG, Suzlon Group, Sinovel Wind Group Co.,Ltd, Nordex SE, and Goldwind Science & Technology Co., Ltd. are some of the leading companies identified by the report in the global offshore wind turbines market.

Fill the form for an exclusive sample of this report @
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=8785

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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