Offshore Wind Turbines Market Definition
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.
The market study is broken down by Type (Horizontal Offshore Wind Turbines and Vertical Offshore Wind Turbines), by Application (Shallow Water, Transient Water and Deep Water) and major geographies with country level splits.
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.
AdvanceMarketAnalytics has segmented the market of Global Offshore Wind Turbines market by Type, Application 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.
"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."
- Introduction of IoT in Offshore Wind Turbines Operation
- Demand for Amount of Clean, Renewable Energy to Fulfill the Electrical Needs Due to Urbanisation
- Growing Industrilatisation in Developing Economies
- Increasing Fundings on Offshore Wind Turbines will Boost the Offshore Wind Turbines
- Technological Advancements in Offshore Wind Turbines
- Adverse Impact of Offshore Wind Turbines on Marine Species
- Installation and Maintenance Might be the Problems as Offshore Wind Turbines can be Extremely Tall
- Adherence to Regulatory Standards Might Hinder the Offshore Wind Turbines Market
Key Target AudienceOffshore 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 ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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