Advance Market Analytics published a new research publication on “Global Floating Wind Turbines Market Insights, to 2027” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Floating Wind Turbines market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled in the study are:
Equinor ASA (Norway), Vestas (Denmark), Siemens Gamesa (Spain), Goldwind (China), GE (United States), Nordex SE (Germany), MingYang (China), Zhejiang Windey Co (China), Shanghai Electric (China) and CSIC (Spain).
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Scope of the Report of Floating Wind Turbines
A wind turbine that is mounted on a floating structure is referred to as a floating wind turbine and can produce power in sea depths where fixed-foundation turbines are impractical. Particularly in nations with a dearth of shallow waters, like Japan, France, and the West Coast of the United States, floating wind farms have the potential to considerably expand the sea area available for offshore wind farms. Further offshore placement of wind farms can help lessen visual blight, better accommodate shipping and fishing lanes, and generate stronger and more reliable winds. The market for floating wind turbines is anticipated to rise significantly due to the significant increase in demand for renewable energy sources. In contrast to conventional power sources, floating wind turbines are also affordable and have lower carbon emissions. Additionally, by removing the restriction of water depth, floating wind turbine technology makes it easier to choose the ideal location for power generation.
The titled segments and sub-section of the market are illuminated below:
by Turbine Technology (Single Point Mooring, Vertical-Axis Wind Turbine, Two-Bladed Floating Turbine, Advanced Floating Turbine (AFT), Others), Foundation (Spar-Buoy Foundation, Tension-Leg Platform (TLP) Foundation, Semi-Submersible Foundation, Pontoon-Type, Ring-Shaped Floating, Others), Depth (Deep Water, Shallow Water, Transitional Water, Others), Capacity (MW) (<3, 3-6, 7-10, >11)
Growth Drivers
- Increased Interest in Alternative Energy Sources
- Superior to Other Wind Turbines in Terms of Capacity Factor
- Eco-Friendly and Low in Carbon Emissions
Roadblocks
- High installation and maintenance cost
Opportunities
- Advancements in wind turbine structure
What can be explored with the Floating Wind Turbines Market Study?
- Gain Market Understanding
- Identify Growth Opportunities
- Analyze and Measure the Global Floating Wind Turbines Market by Identifying Investment across various Industry Verticals
- Understand the Trends that will drive Future Changes in Floating Wind Turbines
- Understand the Competitive Scenarios
- Track Right Markets
- Identify the Right Verticals
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Latest Market Insights:
- In June 2022, In order to shift to using hydrogen at the Saltend Power Station, Equinor and SSE Thermal are purchasing Triton Power from Energy Capital Partners (ECP). and The Saltend Power Station, with an installed capacity of 1.2 GW, is the main facility bought with Triton Power. This is a typical natural gas-powered combined cycle gas turbine (CCGT). This power plant’s primary function is to supply electricity when solar and wind energy production is low. With a goal of eventually operating at 100 percent hydrogen, Equinor and SSE Thermal are currently beginning work on equipping the power plant to use up to 30 percent hydrogen starting in 2027.
- In June 2022, the strategic collaboration between Equinor and Technip Energies to accelerate technology development for floating offshore wind, enable cost reductions and develop local value opportunities. The partnership expands on the two businesses’ shared goal of advancing the industrialization of floating offshore wind. The two companies hope to unlock value by working together at an early design stage of a floating wind farm project by using their complementary strengths in technology and fabrication.
Strategic Points Covered in Table of Content of Global Floating Wind Turbines Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Floating Wind Turbines market
Chapter 2: Exclusive Summary – the basic information of the Floating Wind Turbines Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Floating Wind Turbines
Chapter 4: Presenting the Floating Wind Turbines Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2016-2021
Chapter 6: Evaluating the leading manufacturers of the Floating Wind Turbines market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2027)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Floating Wind Turbines Market is a valuable source of guidance for individuals and companies.
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