Floating Wind Turbine: Top Drivers that will Enable COVID-19 Recovery
Synopsis of Growth Drivers with Market Forecast 2021-2025
Technavio’s Floating Wind Turbine Market is set to grow by $ 993.58 mn, and the market will decelerate at a CAGR of about 34.35% till 2025. This research report identifies and analyses the growth drivers that will boost market growth. It also provides a thorough understanding of all the segments, trends and challenges that are likely to have an impact on the future prospects fo the market in focus.
Request for our free sample report to get a glimpse into our exhaustive research and analysis: Download FREE Sample Report
Floating Wind Turbine Market: Key Market Drivers
One of the key factors that will drive growth is Favorable government regulations for floating wind. This research report provides a comprehensive analysis of this and all the other factors that will boost growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. Our analysis is designed to empower clients with actionable insights that will help them leverage growth opportunities and formulate winning strategies to drive their business further.
Floating Wind Turbine Market: Segments and Geographical Regions
This report provides a detailed analysis of the market by Market Landscape (Semi-submersible, Spar-buoy, and Others) and Geography (Europe and ROW). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Request our Free Sample Report
Floating Wind Turbine Market: Vendor Analysis
The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Doosan Heavy Industries and Construction Co. Ltd., Eaton Corporation Plc, Equinor ASA, General Electric Co., Hitachi Ltd., Mingyang Smart Energy Group Co. Ltd., Naval Energies, Principle Power Inc., Siemens AG, and Vestas Wind System AS are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
For more insights on this market: Download a Free Sample Report
The report provides insights into the following FAQs:
Floating Wind Turbine Market Size to Grow by 582 MW through 2020-2024
The floating wind turbine market is expected to grow by 582 MW, decelerating at a CAGR of almost 58% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View Free Sample Report
Floating Wind Turbine Market: Segmentation by Geography
This report provides a detailed analysis of the market by Geography (Europe and ROW) and Other 1 (Spar-buoy, Semi-submersible, and Others). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Floating Wind Turbine Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Doosan Corp., Equinor ASA, General Electric Co., Hitachi Ltd., MHI Vestas Offshore Wind AS, Mingyang Smart Energy Group Co. Ltd., Naval Energies, Principle Power Inc., Senvion SA, and Siemens AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
Floating Wind Turbine Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2020-2024
Technavio has been monitoring the floating wind turbine market and it is expected to grow by 582 MW, decelerating at a CAGR of almost 58% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Floating Wind Turbine Market: Key Trends to impact market growth
The rise in offshore installations is one of the key floating wind turbine market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Floating Wind Turbine Market: Top Drivers to Boost Demand
The favorable government regulations for floating wind is one of the primary factors driving the growth of the floating wind turbine market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business
Vendor Analysis: Doosan Corp., Equinor ASA and General Electric Co. are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Doosan Corp., Equinor ASA, General Electric Co., Hitachi Ltd., MHI Vestas Offshore Wind AS, Mingyang Smart Energy Group Co. Ltd., Naval Energies, Principle Power Inc., Senvion SA, and Siemens AG are some of the major market participants.
For more insights on this market: Download a Free Sample Report
Floating Wind Turbine Market: Key Highlights of the Report for 2020-2024
Technavio has been monitoring the Global Floating Wind Turbine Market and it is expected to grow by 582 MW decelerating at a CAGR of about 58% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Floating Wind Turbine Market: Favorable Government Regulations for Floating Wind Power to Drive Growth
Many governments have granted funds for floating offshore wind demonstration projects. Governments from several countries, especially France, Norway, Portugal, Japan, and the US, have also supported floating offshore wind projects through various industry collaborations and funding mechanisms, which will drive the market for floating wind turbines during the forecast period.
Floating wind turbines are a renewable source of energy which caters to the global goal of reducing GHG emissions. Global leaders seek to rely on renewable energy sources as a form of sustainable growth. Thus, the increase in clean energy initiatives are likely to lead to an increase in harnessing renewable sources to produce energy which augurs well for the market in focus.
Floating Wind Turbine Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Doosan Corp., Equinor ASA, General Electric Co., Hitachi Ltd., MHI Vestas Offshore Wind AS, Mingyang Smart Energy Group Co. Ltd., Naval Energies, Principle Power Inc., Senvion SA, and Siemens AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
