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Floating Wind Turbines Market Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Nordex SE, Guodian United Power Technology Company

11 Apr, 2022 | 115 Pages
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The global market for Floating Wind Turbines is expected to register a CAGR of more than 5.5% during the forecast period 2022-2027.



Floating Wind Turbines Market Overview



Most of the equipment and components, such as roller bearings that connect to gearboxes and eventually allow the Floating wind turbines to keep spinning, were falling short in market demand as the shipping industry was disrupted during the COVID-19 outbreak. This, in turn, has led to the restrained growth of the market due to project delays and lack of investments during the pandemic. Further, a study on wind offshore projects results showed a distribution of 21.21% value-adding (VA) and 50.09% non-value-adding (NVA) hours. However, the recent uptrend in the market studied due to rising energy demand coupled with the increasing share of renewables in the power generation mix, efforts to reduce the reliance on fossil fuel-based power generation, regulations on energy efficiency, regulations to ensure efficiency and utilization of energy. However, adoption of clean energy source like solar and other alternatives are likely to hinder the growth of the market. Moreover, the integration of artificial intelligence, internet of things, robotics, and data analytics in offshore wind turbines is expected to enable advanced condition monitoring and predictive maintenance which result in increased efficiency and reduced operational and maintenance costs, which is likely to provide opportunity to a growth in the deployment of Floating wind turbines in coming future.



Recent Developments



In February 2021, Continuum Wind Energy Ltd, sponsored by Singapore-based Clean Energy Investing Ltd, the indirect wholly-owned subsidiary of a Morgan Stanley fund entity, New Haven Infrastructure Partners, announced its plans to issue its maiden green bond of USD 500-600 million to be listed on the SGX. The proceeds is expected to be used to refinance the project debt at six of its operating entities and to set up wind projects in India. This is expected to aid the growth of the market.



What are the major Applications, Types and Regions for Floating Wind Turbines Market?



Floating Wind Turbines Market is segmented based on the type, applications, companies and regions.



By Type, it is segmented into




  •     Up to 1 MW

  •     1-3 MW

  •     3-5 MW

  •     5 MW and above

  •     Others



By Applications it is segmented into




  •     Shallow Water

  •     Deep Water

  •     Ultra-Deep Water

  •     Others



Floating Wind Turbines Market Regional Analysis



Europe accounted for highest revenue share and highest market growth, owing to rise in investments in countries like France, UK, and Norway. Japan holds the largest floating offshore wind power market share in the current year. As per the Japan Wind Power Association, the country aims to expand its installed offshore wind capacity to 10 gigawatts (GW) in 2030 and 30-45 GW in 2040, which will further attract a large number of investors.



All these factors greatly affect the Floating Wind Turbines market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





The Floating Wind Turbines Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Floating Wind Turbines Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Floating Wind Turbines Market report scope?



























































Report Attributes



Report Details



Report Title



Floating Wind Turbines Market Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Nordex SE, Guodian United Power Technology Company



Forecast Period 2022 to 2028 CAGR



CAGR of 5.5% during the review period (2022 to 2027).



By Type




  • Up to 1 MW

  • 1-3 MW

  • 3-5 MW

  • 5 MW and above

  • Others



By Application




  • Shallow Water

  • Deep Water

  • Ultra-Deep Water

  • Others



By Companies



Nordex SE, Guodian United Power Technology Company, Enercon GmbH, Gamesa Corporación Tecnológica, GE, Siemens AG, Suzlon, Vestas Wind Systems A/S, Continuum Wind Energy, Upwind Solutions, Xinjiang Goldwin Science & Technologies and others.



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



115



Customization Available



Yes, the report can be customized as per your needs






    



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Floating Wind Turbines Report




  • Evaluate Floating Wind Turbines market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.

  • Analyze the sales and distribution channels across geographies to enhance top-line revenues.

  • Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Floating Wind Turbines market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.



FAQ -



What is the study period of this market?



The Floating Wind Turbines Market is studied from 2017 - 2027.



 What is the growth rate of Floating Wind Turbines Market?



The Floating Wind Turbines Market is growing at a CAGR of 5.5% over the next 5 years.



What regions does this Floating Wind Turbines Market report covers?



North America (the United States, Canada, and Mexico)



Europe (Germany, France, UK, Russia, and Italy)



Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)



South America (Brazil, Argentina, Colombia, etc.)



The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH

      4. RESEARCH FLOW





  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL FLOATING WIND TURBINES MARKET BY TYPES

    3. GLOBAL FLOATING WIND TURBINES MARKET BY APPLICATIONS



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR FLOATING WIND TURBINES



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. FLOATING WIND TURBINES GROWTH

      2. APPLICATION OF FLOATING WIND TURBINES



    4. IMPACT OF COVID 19



  5. GLOBAL FLOATING WIND TURBINES MARKET, BY TYPES

    1.     Introduction

    2.     Up to 1 MW

    3.     1-3 MW

    4.     3-5 MW

    5.     5 MW and above

    6.     Others             



  6. GLOBAL FLOATING WIND TURBINES MARKET, BY APPLICATION

    1.     Introduction

    2.     Shallow Water

    3.     Deep Water

    4.     Ultra-Deep Water

    5.     Others   



  7. GLOBAL FLOATING WIND TURBINES MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1.  Nordex SE,

      2. Guodian United Power Technology Company,

      3. Enercon GmbH,

      4. Gamesa Corporación Tecnológica,

      5. GE,

      6. Siemens AG,

      7. Suzlon,

      8. Vestas Wind Systems A/S,

      9. Continuum Wind Energy,

      10. Upwind Solutions,

      11. Xinjiang Goldwin Science & Technologies





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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