A Report Titled “Global Offshore Wind Energy Market Research Report” highlights status and outlook of geographical boundaries of the industry. It provides a detailed analysis of factors that are capable to drive or inhibit growth of the market.

Portland, OR -- (SBWire) -- 11/03/2017 --The rapid rate of depletion of fossil fuels has triggered the need for alternate sources of energy. Globalization has led to an ever-increasing demand for energy, surpassing the supply rate. The last couple of decades have witnessed a widespread adoption of wind power. Offshore wind farms have gained momentum owing to the numerous benefits they offer. Along with being a clean, domestic, and renewable source of energy, offshore wind is found in abundance and blow stronger and at a steadier rate, compared to the onshore wind energy. The greatest advantage, however, is the huge growth in the production of energy with a small increase in the wind speed. Harnessing the inexhaustible source has the ability to mitigate environmental dangers and concern such as carbon emission, and increase energy security across the globe.

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Research Beam added a detailed report titled, "Global Offshore Wind Energy Market Research Report 2017", that presents a comprehensive analysis of the latest and emerging market trends, along with the projections in terms of revenue, growth rate, and production for the forecast period. The leading players in the global offshore wind energy market include Sinowel Wind Group Co., Ltd., Siemens Wind Power, Dong Energy A/S, GE Wind Energy, Goldwind Science Technology Co., Ltd, Vestas Wind Systems A/S, and others.

Extensive research and development are carried out to build robust offshore wind systems. These systems need to show high resistance to corrosion owing to their constant exposure to saline waters. With advancements in technology, the leading market players are striving to reduce the cost associated with transportation of maintenance crew to and fro offshore plants and the replacement costs of components of the huge systems. The high demands for energy faced in the coastal areas can be met with the implementation of these projects.

Study finds constructing offshore wind turbines to be more cost-effective

A team of researchers from the University of Delaware has established the fact that constructing offshore wind turbines in port, opposed to the ones built onsite under variable conditions, is the most cost-effective method. This feat is made possible owing to the development of their novel technology that is claimed to be quicker, low-cost, and is believed to result in an increased scale and pace of installation of offshore wind systems. Their assembly line on shore allows the wind turbine to be assembled in as a single unit in the port. It is then transported and installed into the seabed at the offshore site, in a single step. The adoption of the groundbreaking technology is anticipated to save around $1.6 billion on every project, compared to the conventional construction methods and at half the time.

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World's first floating wind farm powers households in Scotland

Scotland is home to the world's first floating wind farm. After its successful installation, the wind farm started generating electricity in October 2017. The farm, designed with a capacity of 30 MW, is anticipated to supply power to 20,000 households in the country. It is located 25 kilometers away from the coast of Peterhead in Aberdeenshire. The farm is made up of five wind turbines, 6 MW each. The Hywind Scotland project is also to be linked to a 1 MW lithium battery storage facility. With this remarkable project on wheels, Scotland has inched closer to its goal of becoming "zero carbon" by 2020.