TheGlobal Offshore Wind Energy Market research report recently published by EmergenResearch is a comprehensive guide for business development and working. Theglobal Offshore Wind Energy market is expected to grow at a high CAGR in theforecast period of 2020-2027. Rising investments and technological advancementsare expected to significantly drive the growth of the market throughout theforecast period.
InFebruary 2019, Vestas entered into a partnership with a local manufacturingservice provider, Marand Precision Engineering, for Wind Turbine AssemblyFacility in Geelong. The partnerships will help Vestas to expand its windturbine assembly in the Victorian renewable energy sector.
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Key Highlights From TheReport
· In February2019, Vestas entered into a partnership with a local manufacturing serviceprovider, Marand Precision Engineering, for Wind Turbine Assembly Facility inGeelong. The partnerships will help Vestas to expand its wind turbine assemblyin the Victorian renewable energy sector.
· The Fixedstructure held the largest market share of 57.5% in the year 2019.Cost-effectiveness and ease of operation of the fixed structure have resultedin the segment's increasing demand.
· Deep water(>60m Depth) is forecasted to grow with the fastest CAGR of 15.9% over theforecast period. The reductions in installations cost, improved engineering ofturbines, and the development of turbines with floating substructures areexpected to drive the segment's demand.
· The Turbinesaccounted for the largest market share of the offshore wind energy market in2019. Technological advancements of the turbines increased its capacity, whichresulted in the requirement of fewer turbines to produce the same amount ofpower.
· The AsiaPacific region is expected to be the second-largest market for offshore windenergy. Increasing initiatives of the government to promote subsidy-freerenewable projects in order to reduce the CO2 emission levels.
Thereport also covers the SWOT analysis of the key competitors and containsfeasibility analysis, investment return analysis, and Porter’s Five ForcesAnalysis.
Regional Analysis:
Theregional analysis states the global market is bifurcated into The report alsocovers import export consumption, supply and demand ratio, cost, pricinganalysis, gross margin, and revenue estimation of each player in each region.
· NorthAmerica (U.S., Canada)
· Europe(U.K., Italy, Germany, France, Rest of EU)
· AsiaPacific (India, Japan, China, South Korea,Australia, Rest of APAC)
· LatinAmerica (Chile, Brazil, Argentina, Rest ofLatin America)
· MiddleEast & Africa (Saudi Arabia,U.A.E., South Africa, Rest of MEA)
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Key Benefits of the Global Offshore Wind Energy Report:
· Comprehensiveanalysis of the changing competitive landscape
· Assistsin decision making processes for the businesses along with strategicrecommendations to circumvent barriers and challenges efficiently
· Thereport offers an 8-year forecast and assessment of the Global Offshore WindEnergy Market
· Acomprehensive regional analysis of the Global Offshore Wind Energy Market andinsights into the regions anticipated to show lucrative growth
· Detailedanalysis of the factors influencing the growth of the Global Offshore WindEnergy Market
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At Emergen Research, we believe in advancing with technology. We area growing market research and strategy consulting company with an exhaustiveknowledge base of cutting-edge and potentially market-disrupting technologiesthat are predicted to become more prevalent in the coming decade.
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