Press release
Elevating Energy Horizons: Floating Wind Turbine Market Forecasted for Remarkable Growth 2020-2027
Floating wind turbines, at the forefront of renewable energy innovation, represent a transformative leap in harnessing wind power over deep offshore waters. These advanced structures, buoyed by floating platforms, defy the constraints of traditional fixed-bottom turbines, unlocking vast expanses of untapped wind resources in the open sea. Pioneering a new era in sustainable energy, floating wind turbines offer a flexible and scalable solution for capturing powerful winds far from shorelines, where wind speeds tend to be higher and more consistent. As the industry matures, the synergy of engineering ingenuity and environmental consciousness propels floating wind turbines into the spotlight, presenting a dynamic and promising chapter in the global pursuit of clean and efficient energy solutions.The global floating wind turbine market size was valued at $3.2 billion in 2019 and is projected to reach $30.6 billion by 2027, growing at a CAGR of 32.5% from 2020 to 2027.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ : https://www.alliedmarketresearch.com/request-sample/7963
A floating wind turbine, a type of offshore wind turbine, is supported by a floating foundation where most of the mass is underwater. The mounted structure allows the wind turbine to generate electricity in the water depth where a fixed foundation is not applicable. Floating wind turbine is effective in narrow continental shelf which has an average depth of 200-250 meter.
Growing concern from governments across the globe regarding renewable power sources is anticipated to boost the floating wind turbine market growth. In addition, around 80% of the offshore wind resources are located in waters of more than 60-meter depth, where fixed offshore turbine is not effective. As the floating structure can harness wind resources even at deep water levels, it is more effective in narrow continental shelf regions with seawater depths of more than 200 meters. In addition, floating wind turbines can decrease the cost of energy production more than that fixed wind turbines in case of long-term business. For instance, the present levelized cost of energy (LCOE) for wind turbines in Europe is around $220-$245 which is expected to reach $50-$73 by 2030.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ'๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/7963
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
The Floating Wind Turbine industry's key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ ๐ฅ๐จ๐๐ญ๐ข๐ง๐ ๐๐ข๐ง๐ ๐๐ฎ๐ซ๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐,
General Electric Company
ABB Group
Goldwind
Siemens Gamesa Renewable
Hitachi
MHI Vestas Offshore Wind
Mingyang Smart Energy Group Co., Ltd.
Senvion SA
Envision Energy, Nordex SE
๐๐๐๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.alliedmarketresearch.com/floating-wind-turbine-market-A07598
Based on the foundation, the spar-buoy segment garnered the highest market share, owing to its simple design which can be easily fabricated. In addition, spar-buoy involves few numbers of welds, unlike other designs.
Based on depth, the deep water (>60 meters) segment emerged as the market leader. The installation of a deep water turbine offers a large area with no constraint of water depth which helps in selecting the best site for a wind power plant.
Europe accounted for a significant market share, owing to favorable government measures to promote renewable power sources for industrial and commercial applications.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/7963
๐๐๐ฒ ๐๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ฌ๐ญ๐ฎ๐๐ฒ:
- Semi-submersible Foundation is projected to grow at the highest CAGR of approximately 33.9%, in terms of revenue, during the forecast period.
- By depth, the shallow water segment is anticipated to grow with a CAGR of 33.3%, in terms of revenue, during the forecast period.
- Europe dominated the floating wind turbine market with more than 60% revenue shares in 2019.
๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐๐ง๐๐ซ๐ ๐ฒ ๐๐ง๐ ๐๐จ๐ฐ๐๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
๐. ๐๐๐จ๐ญ๐ก๐๐ซ๐ฆ๐๐ฅ ๐๐ฎ๐ซ๐๐ข๐ง๐๐ฌ ๐๐๐ซ๐ค๐๐ญ - https://www.prnewswire.com/news-releases/geothermal-turbine-market-to-reach-99-5-bn-globally-by-2031-at-4-0-cagr-allied-market-research-301699225.html
๐. ๐๐๐ฌ ๐๐ฎ๐ซ๐๐ข๐ง๐ ๐๐๐ซ๐ฏ๐ข๐๐ ๐๐๐ซ๐ค๐๐ญ - https://www.prnewswire.com/news-releases/gas-turbine-service-market-to-reach-32-1-bn-globally-by-2031-at-5-1-cagr-allied-market-research-301608268.html
๐. ๐๐ญ๐๐๐ฆ ๐๐ฎ๐ซ๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ - https://www.prnewswire.co.uk/news-releases/steam-turbine-market-to-reach-22-4-billion-globally-by-2032-at-2-6-cagr-allied-market-research-301851909.html
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Elevating Energy Horizons: Floating Wind Turbine Market Forecasted for Remarkable Growth 2020-2027 here
News-ID: 3315443 • Views: โฆ
More Releases from Allied Market Research
![Wi-Fi as a Service Market Future Scenarios to Reach $12.21 Billion by 2027 | At a CAGR of 17.6%](https://cdn.open-pr.com/L/8/L816418686_g.jpg)
Wi-Fi as a Service Market Future Scenarios to Reach $12.21 Billion by 2027 | At โฆ
According to a recent report published by Allied Market Research, the global Wi-Fi as a service market was valued at $3.36 billion in 2019, and is projected to reach $12.21 billion by 2027, growing at a CAGR of 17.6% from 2020 to 2027.
Wi-Fi as a service (WaaS) is majorly used to manage the Wi-Fi operations and it generally comprises WLAN configuration, network implementation, hardware & software management, and networkโฆ
![Location Analytics Market Expected to Reach $31.13 Billion by 2027 | Top Players, Application and Forecast to 2032](https://cdn.open-pr.com/L/8/L816169046_g.jpg)
Location Analytics Market Expected to Reach $31.13 Billion by 2027 | Top Players โฆ
According to a recent report published by Allied Market Research, The global location analytics market size was valued at $10.29 billion in 2019, and is projected to reach $31.13 billion by 2027, registering a CAGR of 15.5% from 2020 to 2027.
The growth of the global location analytics market is mainly driven by the proliferation of smartphones and upsurge in usage of GPS-enabled devices. In addition to this, factors such asโฆ
![Cloud Orchestration Market to generate $105.07 billion by 2030, with a CAGR of 21.4%](https://cdn.open-pr.com/L/8/L816832817_g.jpg)
Cloud Orchestration Market to generate $105.07 billion by 2030, with a CAGR of 2 โฆ
The cloud orchestration market size was valued at $14.98 billion in 2020, and is projected to reach $105.07 billion by 2030, registering a CAGR of 21.4%.
Asia-Pacific is expected to observe highest growth rate during the forecast period, due to the proliferation of connected systems fueled by ongoing trend of smart offices and homes in the region coupled with the government-driven infrastructural projects. The data generated by edge devices in differentโฆ
![Sports Tourism Market is Probable to Influence the Value of $1,803,704.0 million by 2030, Size, Share, Trends and Growth](https://cdn.open-pr.com/L/8/L816917093_g.jpg)
Sports Tourism Market is Probable to Influence the Value of $1,803,704.0 million โฆ
The global sports tourism market size was valued at $323,420.0 million in 2020, and is projected to reach $1,803,704.0 million by 2030, registering a CAGR of 16.1% from 2021 to 2030
Get Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/13441
Sports tourism is defined as travel that includes either observing or participating in a sporting event while away from the tourists' usual surroundings. Traveling from one region, country, or state toโฆ
More Releases for Floating
Floating Work Platforms Industry is Expected to Reach $8 Billion by 2028 -XinYi โฆ
The Floating Work Platforms market 2022-2029 report provides a detailed analysis of the dynamic of the market with an extensive focus on secondary research. The report sheds light on the current situation of the market size, share, demand, development patterns, and forecast for the coming years.
The research report aims to provide reliable and useful Floating Work Platforms industry information and data on the national and international markets thereby helping theโฆ
Floating Work Platforms Market To Witness Major Growth By 2027 | Floating Docks, โฆ
HTF MI introduce new research on Floating Work Platforms covering micro level of analysis by competitors and key business segments. The Floating Work Platforms explores comprehensive study on various segments like opportunities, size, development, innovation, sales and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists both qualitative and quantitative detailing. Some of the MajorKey players profiled in the studyโฆ
High-Quality Floating Wheel Cap/LED Floating Wheel Cap Product in South Korea
Boswell Korea Co., Ltd. developed the LED emblem and spinning wheel cap for the first time in Korea.
Great Benefits of Bosswell Korea
โCar dress-up tuning products
โLED floating wheel cap patent introduction (Korea, USA, Japan, China),
โFloating wheel cap patent (September 2020)
โJanine, Spain, introduces NSV in Dubai, floating wheel cap to the world, Reliability Test Pass Test Report
The floating Wheel Cap is the logo of the car manufacturer that stays upright allโฆ
Automotive Products |Floating wheel cap and LED Floating Wheel Caps Manufacturer
Bosswellkorea, Inc. was founded in 2014 and is specializing in the development of automotive products, LED lighting floating wheel cap and LED lighting emblem, LED lighting signboard. LED floating wheel cap patent introduction (Korea, USA, Japan, China), Floating wheel cap patent (September 2020). Janine, Spain, introduces NSV in Dubai, floating wheel cap to the world Reliability Test Pass Test Report
A floating wheel cap is a product that fits in theโฆ
Global Floating Work Platforms Market 2019 Industry Insights and Major Players a โฆ
"Up Market Research, has recently developed a report on the โFloating Work Platforms marketโ which presents substantial inputs about the market size, market share, regional trends, and profit projection of this business sphere. The report also enlightens users regarding the foremost challenges and existing growth tactics implemented by the leading organizations that constitute the dynamic competitive gamut of this industry.
The Global Floating Work Platforms market 2019 research provides a basicโฆ
New Floating Photovoltaic Trampoline compare online other floating Technologies
Statkraft Albania received a preliminary authorization from the Government of Albania for the implementation of a floating solar plant at Banja with a feed-in-tariff in December 2018.
The design of the Ocean Sun array includes dual-glass, silicon crystalline modules with customized junction box, cables and attachment features. The modules are attached to the membrane using a unique fixation mechanism, the company explains. This enables good thermal contact with the waterโฆ