A floating wind turbine is a type of offshore wind turbine that is mounted on a floating foundation. The floating structure allows the turbine to generate electricity in water deep water, where the fixed foundation is not applicable. The surge in demand for renewable power sources and various benefits associated with floating wind turbines such as flexibility, reduces carbon emission, the capability of working in a harsh environment, reduced noise levels, no land acquisition expenditure, and others. This, in turn, fuels the growth of the floating wind turbine market during the forecast period.
MARKET DYNAMICS
The increasing energy demand across the globe, coupled with the functional advantages over the fixed structure installation of offshore wind farms, is the major driving factor for the floating wind turbine market growth. However, cost reductions and the technological advancements already achieved within the fixed wind turbines may hinder the growth of the floating wind turbine market. Moreover, favorable regulatory policies complementing offshore wind energy and increasing investment for sustainable energy generation are expected to influence the floating wind turbine market growth in the coming years.
MARKET SCOPE
The "Global Floating Wind Turbine Market Analysis to 2028"? is a specialized and in-depth study of the floating wind turbine industry with a special focus on the global market trend analysis. The report aims to provide an overview floating wind turbine market with detailed market segmentation as foundation, depth, and geography. The global floating wind turbine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading floating wind turbine market players and offers key trends and opportunities in the floating wind turbine market.
MARKET SEGMENTATION
The global floating wind turbine market is segmented on the basis of foundation, depth. On the basis of foundation the market is segmented as spar-buoy foundation, tension-leg platform (TLP) foundation, semi-submersible foundation, others. On the basis of depth the market is segmented shallow water, deep water.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global floating wind turbine market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The floating wind turbine market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting floating wind turbine market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the floating wind turbine market in these regions.
MARKET PLAYERS
The reports cover key developments in the floating wind turbine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Floating wind turbine market are anticipated to lucrative growth opportunities in the future with the rising demand for floating wind turbine in the global market. Below mentioned is the list of few companies engaged in the floating wind turbine market.
The report also includes the profiles of key floating wind turbine companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB
- ENVISION GROUP
- Equinor ASA
- Flowocean
- General Electric Company
- Goldwind
- Hitachi, Ltd.
- MHI Vestas Offshore Wind
- Mingyang Smart Energy Group Co., Ltd.
- Siemens Gamesa Renewable Energy S.A.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.