openPR Logo
Press release

Offshore Wind Turbines Market to Grow at a CAGR of 7.7% through 2025

12-05-2017 01:27 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Offshore Wind Turbines Market to Grow at a CAGR of 7.7% through

The global offshore wind turbines market is dominated by companies such as Siemens Wind Power, Enercon GmbH, Vestas Wind Systems A/S, Gamesa Corporacion Technologica SA, Xinjiang Goldwind Science & Technology Co. Ltd., Guodian United Power Technology Company Ltd., Suzlon Group, GE Wind Energy, and Upwind Solutions Inc. The global offshore wind turbines market is likely to expand smoothly in the coming years, due in part to the steady government support being provided to the market in several regions. This has also made entry of new players likely in the global offshore wind turbines market.

According to Transparency Market Research (TMR), the global offshore wind turbines market is expected to almost double in valuation over the 2017-2025 forecast period. The offshore wind turbines market’s valuation is expected to rise from US$29.4 bn in 2016 to US$58.6 bn by 2025, at a solid CAGR of 7.7%.

 
Request Sample Copy of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8785
Asia Pacific, Europe Likely to Remain Leading Contributors to Offshore Wind Turbines Market

Regionally, emerging economies in Southeast Asia are likely to be the leading contributors to the global offshore wind turbines market over the forecast period. Several economies in this region, including dynamic rising economic powers such as China and India, have set definite targets for wind power generation, among the rising support being provided to a number of alternative power sources. This is the major driver for the Asia Pacific offshore wind turbines market. The increasing wind energy operations in the Pacific Islands and Japan are also crucial for the global offshore wind turbines market and are likely to constitute a key part of the offshore wind turbines market in Asia Pacific.

The scientifically oriented developed economies in Western Europe are also expected to be major consumers in the global offshore wind turbines market. Leading countries in the region, such as Germany, France, Belgium, and the U.K. have paid great emphasis on development of the wind energy sector in recent years, which has led to steady demand from the offshore wind turbines market in Europe. Continued development of the Europe offshore wind turbines market is also dependent on a large extent to the steady progress of the wind energy sector in Scandinavian countries. The availability of easily accessible and controllable water bodies in abundance has driven the offshore wind turbines market in Northern and Western Europe.

Request for Customization @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=8785

Cost Advantages over Conventional Offshore Turbines Enable Steady Demand for Floating Turbines

The key factor propelling the global offshore wind turbines market is the significant cost advantages they present over conventional wind turbines. This is also illustrated within the hierarchy of the global offshore wind turbines market, which is led by the floating turbines segment in terms of foundation. The high expenses of constructing a solid foundation have made floating offshore wind turbines more feasible. They are likely to remain the leading contributor to the global offshore wind turbines market in the coming years due to the growing ease of installing floating offshore wind turbines even in developing regions.

The steady government support in Europe, particularly around the North Sea, and Asia Pacific is the prime driver for the global offshore wind turbines market in the coming years. Moreover, in many developing countries, private investment in the wind energy sector has also been forthcoming, which has led to strong growth of the offshore wind turbines market.

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.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com/

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 Offshore Wind Turbines Market to Grow at a CAGR of 7.7% through 2025 here

News-ID: 845933 • Views: 133

More Releases from Transparency Market Research

Voltage Detectors Market – Evolving Technology Trends and Industry SWOT Analys …
The global voltage detectors market includes large number of players. Some of the key players are Texas Instruments, Toshiba, ROHM Semiconductor Sharp Microelectronics, Analog Devices Inc., STMicroelectronics, ON Semiconductor, Torex Semiconductor, Taiwan Semiconductor and Seiko Instruments. Browse Our Report @ https://www.transparencymarketresearch.com/voltage-detectors-market.html Voltage Detector is a testing equipment generally used to determine the existence or absence of an electrical charge in an object. It is highly suggested for conditions where power issues exist.
Switched Capacitor Filters Market : Key Segments, Maket Insights, Regional Outlo …
Major players in the global switched capacitor filters market are Texas Instruments Incorporated, Analog Devices, Inc., Maxim Integrated, Inc., Siemens AG, Eaton Corporation, and among others. Browse Our Report @ https://www.transparencymarketresearch.com/switched-capacitor-filters-market.html A switched capacitor filter is an active filter based on the consideration that a switching of capacitors between two circuit nodes at an adequately high rate that is equivalent to a resistor connecting these two nodes. The switched capacitor filters are
Current Calibrator Market : Recent Industry Developments And Growth Strategies A …
Key players operating in the global current calibrator market include Valhalla Scientific, Rotek Inc., Time Electronics, PCE Instruments, Martel Electronics, AOIP Instrumentation, Extech Instruments, Yogokawa Test & Measurement Corporation, Extech Instruments, REED Instruments, Fluke Corporation, and others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the
Damp Meter Market – Outlook by Responsible Drivers, Restraints, Demand
Key players operating in the global damp meter market include PCE Instrument, Delmhorst Instrument Co., GENERAL TOOLS & INSTRUMENTS LLC, FLIR Systems, Inc. designs, Panomex Inc., These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The

All 5 Releases


More Releases for Wind

Wind Energy Technology Market
HTF MI released a new market study on Southeast Asia Wind Energy Technology Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study
Global Small and Medium Wind Turbines Market 2018-2025 | Machinery Update : Berg …
Press Release – 20 Dec 2018 Research and Development News -- . . Latest Update "Global Small and Medium Wind Turbines Market Insights, Forecast to 2025" with Industries Survey | Global Current Growth and Future. ' ' This report presents the worldwide Small and Medium Wind Turbines market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market
Wind Energy Market Is Thriving Worldwide | Aegis Wind, Ainscough Wind Energy Ser …
HTF MI recently introduced Global Wind Energy Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Aegis Wind, Ainscough Wind Energy Services, Areva Wind, Aris Wind, Berkshire
Monika Thiele: Wind-Worte
GALERIE SUPPER, Baden-Baden, gladly announces the exhibition Wind-Worte with recent works of the artist Monika Thiele (b.1966, Erfurt). The evening also marks the beginning of the CAB-Event, which will transform the city center of Baden-Baden into a vibrant place for art the following Sunday afternoon. Thiele is known for her narrative portraits which are characterized by a dense net of interfering threads, producing a stunning depth. The complex layering of
Global Small and Medium Wind Turbines Market 2017 - Bergey Wind Power, Gaia-Wind …
Latest Research Report titled " Global Small and Medium Wind Turbines Market Professional Survey Report 2017 " features Key Market Players, Segments, Applications. Report Presents Global Market Survey, Growth, Challenges and Forecast. This report studies Small and Medium Wind Turbines in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to
Small and Medium Wind Turbines Market 2017-Bergey Wind Power, Gaia-Wind, United …
Ampair Evance Wind Turbines Endurance Wind Power Polaris America Windspire Energy Gaia-Wind Kestrel Wind Turbines Urban Green Energy ElectroVent MarketReports.biz, recently published a detailed market research study focused on the "Small and Medium Wind Turbines Market" across the global, regional and country level. The report provides 360° analysis of "Small and Medium Wind Turbines Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance