A floating wind turbine is an offshore wind turbine mounted on a floating structure that allows the turbine to generate electricity in water depths where fixed-foundation turbines are not feasible. Floating wind farms have the potential to significantly increase the sea area available for offshore wind farms, especially in countries with limited shallow waters, such as Japan. Locating wind farms farther offshore can also reduce visual pollution, provide better accommodation for fishing and shipping lanes, and reach stronger and more consistent winds.
European region is anticipated to garner major share in floating offshore wind power market as the region is witnessing massive thrust on development of wind power sector. The European countries have formulated policies to curb the consumption of energy from conventional sources that causes pollution which creates massive opportunities for renewable power development.
In 2019, the market size of Floating Offshore Wind Power is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Floating Offshore Wind Power.
This report studies the global market size of Floating Offshore Wind Power, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Floating Offshore Wind Power production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
MHI Vestas Offshore Wind
Doosan Heavy Industries and Construction
General Electric Company
Market Segment by Product Type
Market Segment by Application
Key Regions split in this report: breakdown data for each region.
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Floating Offshore Wind Power status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Floating Offshore Wind Power manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Floating Offshore Wind Power are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025