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Offshore Wind Market worth $55.11 Billion by 2022

Market is expected to grow from an estimated USD 27.02 Billion in 2017 to USD 55.11 Billion by 2022, registering a CAGR of 15.32% from 2017 to 2022.

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Offshore Wind Market worth $55.11 Billion by 2022

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  1. Offshore Wind Market by Component, Turbine Module, Substructure Type, Location, and Region - Global Forecast to 2022 www.MarketsandMarkets.com

  2. Shallow water- the largest offshore wind market by location Among the three water depth location for offshore wind turbines, shallow water is expected to hold the largest share during the forecast period. The development of shallow water is generally cost effective due to better weather conditions, whereas, installing wind turbines in deep water becomes expensive due to high maintenance cost. However, offshore wind turbines are getting installed in all three water locations depending on the region, turbine capacity, and wind speed. Shallow water condition mostly prevails in the European countries due to favorable weather conditions. The major players that provide turbines which can be installed in shallow water includes Siemens AG (Germany) and MHI Vestas (Denmark) among others. PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=253452593

  3. The turbine component is expected to be the largest segment for the offshore wind market The turbines accounts for the maximum cost of the total offshore wind project. It is the most important component of an offshore wind farm. The three components such as nacelle, rotor, and tower comprises the largest share of the capital cost, whereas, the substructure represents comparatively lesser share of the capital expenditure, mainly in shallow water locations. Companies are upgrading and increasing the turbine size due to advanced technologies and to increase energy efficiency. Moreover, larger the wind turbine, the more energy they produce each time the turbines rotate. Therefore, turbine manufacturers are continuously upgrading and expanding their product portfolio to contribute to the ever increasing demand for high capacity wind turbines. Request for Customization : https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=253452593

  4. Browse >> 65 marketdata tables 64figures 147 pagesand in-depth TOC on “Offshore Wind Market - Global Forecast to 2025” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  5. Asia-Pacific: The second largest market for offshore wind The market in this region is expected to grow at the second position followed by the market in Europe, due to its growing trends such as increasing urbanization and industrialization which is leading to higher demand in the power sector. The countries are focusing on power generation through renewable energy sources and the offshore wind forms an integral part of the renewable based power generation. Technological advancement and clean energy consumption would further propel wind power deployment and open up opportunities in the emerging markets of Asia-Pacific, especially in countries like China, Japan, and South Korea as they are looking for an alternative source of energy to diversify their energy mix to reduce CO2 emissions. The other major drivers include strict government regulations on energy efficiency. Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=253452593

  6. Target Audience: • The target audience of this report includes: • Wind turbine manufacturers • Wind farm owners, operators, and developers • Substructure manufacturers • Electric utilities • Electrical infrastructure providers • Installation and logistics service providers • Cable manufacturers • Government agencies • Investors and financial community professionals • Transmission & distribution system operators • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=253452593

  7. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Offshore Wind Market. These include • Siemens AG (Germany) • ABB, Ltd. (Switzerland) • MHI Vestas (Denmark) • General Electric (U.S.) • EEW Group (Germany) • A2Sea (Denmark) • Nexans(France) • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=253452593

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 UK : 44-800-368-9399Email: sales@marketsandmarkets.com

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