According to the latest market research analysis on the “The size for Global off-shore wind turbine market is expected to rise from USD 29,418.9 million in 2017 to USD 58.729.7 million in 2025 with a CAGR of 7.7%.”, published by Reports and Data.

New York, NY -- (SBWire) -- 10/24/2018 --Various reason involved in the development of the market includes, increase in oil prices, shift to renewable source of energy and particularly towards offshore wind energy owing to its infrastructure that is supported by oil and gas offshore plants. The giants for oil & gas industry therefore find immense potential to shift towards offshore wind energy as they already possess the infrastructure and skill set for the same, thus boosting the market for turbine.

Construction of sustainable infrastructure is required for the purpose of off-shore power generation that too on the ocean floor. As oil and gas industry are already into this practice, we see more and more oil giants investing into the offshore wind production. Companies like Shell and Stat oil are diversifying their reach by entering into this new market. Apart from them companies providing services like platform for offshore fossil fuel, are witnessing the growth of a new market.

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Scope of the Report:
This industry assessment for the forecast period, 2018 - 2025 incorporates projections pertaining to the investment feasibility, gross margin, profits, consumption volume, production capability and major market vendors. Likewise, statistics associated with the competitive landscape, shifting consumer behaviour and spending power is showcased and well-explained with the help of treasured resources such as charts, graphs and graphic images, which can be easily incorporated in the business or corporate presentations.

Salient Trends of the off-shore wind Market
- Off-shore wind energy generation investment is currently highest in North Europe. With China working on offshore wind power generation within intertidal coastal zone
- Asia market is expected to boom and by 2030 the capacity of China will likely reach a competitive level in terms of installations and output capacity
- Statoil is planning of building the first world's floating wind farm ever near Scotland. They are also in midst of a plan to construct their first off-shore wind lease, which is in an area of 80,000 acre near New York that is capable of generating power of more than 1 GW
- Though U.S. is currently lacking behind in the global market share, with entry of oil and gas company as well as supply chain company which will lead to generation of more wind power along with reduction in cost and employment generation.
- On-shore is comparatively more close to attaining maturity in terms of commercial use. Though offshore wind energy is more expensive than onshore wind energy, it has the potential for cost reduction in terms of turbines as well as long term maintenance and operational cost.

Extensive data on market segmentation
The Off-Shore Wind Turbine report divides the market of potential buyers into different groups, or segments/sub segments, based on various characteristics. The segments and sub segments identified contain buyer who are expected to respond or react similarly to certain products and services. The report further finds out consumers who share traits including similar expectations, interests, geography and needs. The segmentation sheds light on how some customers are likely to purchase a product or service than others to enable marketers allocate their focus as well as resource.

Companies considered and profiled in this market study
Siemens Wind Power, Enercon GmBH, Guodian United Power Technology Company Ltd, Gamesa Corporation Technologica S.A., Goldwind, Upwind Solutions Inc., Vestas Wind Systems A/S, Nordex S.E., Suzlon Group, GE Wind Energy and Xinjiang Goldwing Science & Technologies

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Market-O-Nomics
- Offshore wind market is expected to grow from USD 21.65 billion from 2017 to USD 41.35 Billion in 2022 with a CAGR of 21.36%.
- Seven projects worth USD 17.41 billion were commissioned in Europe as FDI's in 2016. This would likely fund an additional 3.7GW capacity therefore showing 100 % growth than the figures in 2015
- European region, however estimations indicate post 2021, the growth rate has potential to pick up and close at a healthy position by the end of 2025.
- Capital cost of installation in China for offshore wind turbine fell down by more than 21%
- Global installation and operating cost for offshore wind turbine decreased by 18%

Foundation Insights (Revenue, USD Million; 2014–2025)
- Jacket
- Tripod
- Mono Pile
- Floating

Turbine size (Revenue, USD Million; 2014–2025)
- 5 MW
- 6 MW
- 7 MW

Application (Revenue, USD Million; 2014–2025)
- Transient Water
- Shallow Water
- Deep Water

The research provides answers to the following key questions:
- What is the estimated growth rate and market share and size of the Off-Shore Wind Turbine market for the forecast period 2018 - 2025?
- What are the driving forces in the Off-Shore Wind Turbine market for the forecast period 2018 - 2025?
- Who are the prominent market players and how have they gained a competitive edge over other competitors?
- What are the market trends influencing the progress of the Off-Shore Wind Turbine industry worldwide?
- What are the major challenges and threats restricting the progress of the industry?
- What opportunities does the market hold for the prominent market players?

Browse the Full Report@ https://www.reportsanddata.com/report-detail/off-shore-wind-turbine-market

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