Global Floating Wind Turbine Market to 2023: Decline in LCOE of Wind Power Generation, Advances in Floating Wind Design & Rise in Wind Energy Consumption

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The "Global Floating Wind Turbine Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The floating wind turbine market will register a CAGR of more than 47% by 2023.

Rise in wind energy consumption to gain traction in the market. Wind power is a rowing renewable energy technology, which is undergoing a transition to become a commercial power generation technology. The adoption of renewable energy is supported by global clean energy initiatives and government incentives and subsidies, thereby motivating the harness of this form of energy.

Favorable government regulations for floating wind

To promote emission-free technologies, the use of alternative energy sources such as wind power, solar PV, and hydropower is essential. Globally, government support the adoption of wind power as it is an essential renewable energy source.

Installations of floating wind turbines is a significant challenge for the global floating wind turbine market. The main challenges are installation time and vessel cost, deepwater mooring and electrical cable installations and many more.

The market appears to be fragmented and with the presence of several companies including Senvion and Siemens Gamesa Renewable Energy, the competitive environment is quite intense. Factors such as the favorable government regulations for floating wind and the rise in wind energy consumption, will provide considerable growth opportunities to floating wind turbine manufactures.

aerodyn Energiesysteme, General Electric, Hitachi, MHI Vestas Offshore Wind, Senvion, and Siemens Gamesa Renewable Energy are some of the major companies covered in this report.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 06: CUSTOMER LANDSCAPE

PART 07: GEOGRAPHIC LANDSCAPE

PART 09: DRIVERS AND CHALLENGES

PART 10: MARKET TRENDS

PART 13: APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/m8w8df/global_floating?w=5

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