United Kingdom Offshore Wind Turbine Market to Be Dominated by Fixed Installation Type Segment Until 2028
Rising government plans and
investments along with increasing green hydrogen production are likely to
propel the United Kingdom Offshore Wind Turbine market in the forecast period
2024- 2028.
According to TechSci Research
report, “United Kingdom Offshore
Wind Turbine Market- By Region, Competition, Forecast & Opportunities,
2018-2028F”, the United Kingdom Offshore Wind Turbine Market is
anticipated to register a robust growth during the forecast period 2024-2028. The primary driver for the
market includes government efforts to have a low-cost, sustainable, and cleaner
form of energy and thereby to have control over the growing carbon emissions.
However, inadequate land masses available to install renewable facilities, including
wind farms, is likely to hinder the market growth during the forecast period.
The UK is the biggest
global player in offshore wind, with a present installed base of approximately
8 GW enough electricity to power 7 million homes and another 7 GW committed for
construction. The UK is poised to continue expanding in offshore wind, thanks
to the government's commitment to increase the nation's offshore wind energy
generation to at least 30 GW by 2030. In addition, more than 30 additional wind
farms and related projects are already in planning or development to help meet
those ambitious goals.
In addition, as part of
a “Sector Deal” between the offshore wind industry and the government, the UK
government developed a long-term plan to supply at least one-third of the
nation's electricity from offshore wind in order to significantly increase the
country's affordable energy supply while reducing carbon emissions. Also, the
UK may set a "net zero" emissions target for 2050, making it the
first major economy to do so.
For instance, through
partnerships with local players in innovation, research & development to
test offshore wind turbine nacelles and blades, developing local SMEs, and
accrediting potential local Haliade-X 12 MW suppliers for projects in the UK
and around the world, GE Renewable Energy is investing nearer to USD 16.36
million, primarily in the UK. Advanced test and demonstration programmes are
being used by GE Renewable Energy to test their Haliade-X 12 MW technology as
part of a partnership with Offshore Renewable Energy (ORE) Catapult. By
decreasing the time workers spend at sea and concentrating on design
dependability, remote operability, and robotics for planned maintenance, the
company is also focusing on measures to lower the operational costs of offshore
wind.
As a result, the demand
for offshore wind turbines is likely to expand during the forecast period.
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United Kingdom offshore
wind turbine market is segmented into installation type, turbine capacity and
region. Based on installation type, the market is segmented into fixed and
floating. Based on turbine capacity, the market is segmented into Up to 3 MW, 3
MW to 5 MW, More than 5 MW. Based on region, the market is segmented into
England, Scotland, Wales, and Northern Ireland.
Based on installation
type, fixed segment is dominating in the United Kingdom offshore wind turbine
market because fixed installation type provides better strength and durability
and can also be installed far from shore. Additionally, various research &
developments are also on the go in the United Kingdom offshore wind turbine market
to incorporate technologies such as the Internet of things (IoT) in fixed
offshore wind turbines to increase sales and make purchases more affordable.
Based on turbine
capacity, >5MW is dominating in the United Kingdom offshore wind turbine
market because offshore wind turbine with exhibiting power >5MW is majorly
used for heavy industrial applications and power generation, including
chemical, pharmaceutical, and other heavy industries. In addition, large-scale
wind farms are used to provide power supply to various utilities through grid
support and these wind farms installations are of capacity >5MW.
Major
market players operating in the United Kingdom offshore wind turbine market are:
- Innogy Renewables UK
- Nordex SE
- Iberdrola, S.A.
- Siemens Gamesa Renewable
Energy
- Scottish and Southern
Energy plc
- GE Renewable Energy
- Enercon GmbH
- EDF Renewables UK
- Orsted Power (UK)
Limited
- Vattenfall AB.
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“The market for offshore wind
turbines in the United Kingdom is forecasted to expand significantly over the
course of the projected period due to the rising demand for clean energy,
increased focus on reducing carbon emissions, and the encouragement of
environmental conservation. Offshore wind turbines are being built swiftly and
are showing strong growth because the United Kingdom is a pioneer in offshore
wind technology and offshore wind farm construction. Additionally, it is
anticipated that initiatives to improve electrical infrastructure and power
generation, will enhance the demand for offshore wind turbines in the United
Kingdom.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“United
Kingdom Offshore Wind Turbine Market By Installation Type (Fixed, Floating), By
Turbine Capacity (Up to 3 MW, 3 MW to 5 MW, More than 5 MW), By Region,
Competition Forecast & Opportunities, 2028F”, has evaluated the future growth
potential of United Kingdom Offshore Wind Turbine Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in United Kingdom offshore wind turbine market.
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