About Offshore Wind Turbines
The offshore wind turbines harness the energy of ocean winds and convert it into electricity, they are considered an important element of the future energy infrastructure. The offshore wind turbines generate more energy per hour than land-based turbines due to larger size turbines and higher wind speeds. The turbines differ at different depth of water for the base stability. A monopole base is a single column, size meters (20 feet) in diameter and is installed in water up to 30 meters (98 feet) deep. And likewise, other types of turbines are fixed. Alternative base arrangements, however, are needed for future development rounds in deeper water.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Siemens Gamesa Renewable Energy, S.A. (Spain), Eaton Corporation Inc (Ireland), GE Renewable Energy (United States), Nordex SE (Germany), Vestas Wind Systems A/S (Denmark), Suzlon Energy Limited (India), Ming Yang Wind Power Group Limited (China), Enercon GmbH (Germany), Senvion S.A. (Germany), XEMC Group (Netherlands) and Xinjiang Goldwind Science & Technology Co., Ltd. (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Offshore Wind Turbines market by Type (Horizontal Offshore Wind Turbines and Vertical Offshore Wind Turbines), Application (Shallow Water, Transient Water and Deep Water) and Region.
On the basis of geography, the market of Offshore Wind Turbines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Capacity, the sub-segment i.e. 1MW will boost the Offshore Wind Turbines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Foundation, the sub-segment i.e. Mono Pile will boost the Offshore Wind Turbines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of IoT in Offshore Wind Turbines Operation
Market Growth Drivers:
Demand for Amount of Clean, Renewable Energy to Fulfill the Electrical Needs Due to Urbanisation and Growing Industrilatisation in Developing Economies
Challenges:
Installation and Maintenance Might be the Problems as Offshore Wind Turbines can be Extremely Tall and Adherence to Regulatory Standards Might Hinder the Offshore Wind Turbines Market
Restraints:
Adverse Impact of Offshore Wind Turbines on Marine Species
Opportunities:
Increasing Fundings on Offshore Wind Turbines will Boost the Offshore Wind Turbines and Technological Advancements in Offshore Wind Turbines
"U.S. offshore wind farms require the approval of several federal and/or state agencies. State jurisdiction extends up to three miles from the coast; projects from three to 200 miles from the coast are in federal waters, but the cables that transmit the power would still cross through state jurisdiction. The Bureau of Ocean Energy Management, Regulation and Enforcement (formerly the Minerals Management Service) is the lead federal authority for renewable energy on the Outer Continental Shelf, and the Army Corps of Engineers is the lead federal agency concerning project siting in the Great Lakes. In 2009, the Department of the Interior established a program to grant leases, easements, and rights-of-way for renewable energy on the Outer Continental Shelf, the first program of its kind to consider offshore wind."
Key Target Audience
Offshore Wind Turbines Manufacturers, Offshore Wind Turbines International Traders, Offshore Wind Turbines Distributors and Suppliers, Research and Development Institutes, Potential Investors, Industry Associations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.