Offshore Wind Energy Farms Market Expected To Witness Significant Growth In Europe And Asia Pacific Regions
The purpose of the report is to illustrate the state of the market of Offshore Wind Energy Farms, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026. [Continue reading….]
The global offshore wind energy farms market is fairly consolidated with few of the leading providers of various components such as turbines, transmission cabling and other consulting and management service providers. Some of the leading providers involved in the offshore wind energy industry included Siemens Wind Power GmbH & Co.KG, DONG Energy A/S, Vestas Wind Systems A/S, GE Renewable Energy, ADWEN Offshore, S.L., Senvion S.A., Samsung Heavy Industries Co. Ltd., Suzlon Energy Limited, Nordex SE and Sinovel Wind Group Co., Ltd. With growing demand and increasing market penetration, the competition in the overall offshore wind energy market is expected to remain moderate providing ample growth opportunities for majority of the providers.
- Europe holds the largest share in the overall offshore wind energy farms market with Asia Pacific to register the highest growth during the forecast period
- Around 3,000 MW of capacity installed in 2015 itself
- Average capacity of wind turbines installed during 2016 was about 5 MW
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Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Offshore Wind Energy Farms buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
[The report is originally published on Credence Research Inc.]
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