Europe Offshore Wind Turbine Market is Dominated by Fixed Installation Type Segment Until 2028
Rising
technological advancements and increasing green hydrogen production is likely
to propel the Europe offshore wind turbine market in the forecast period 2024-
2028.
According to
TechSci Research report, “Europe Offshore Wind Turbine Market –By Country,
Competition, Forecast and Opportunities, 2028”, the Europe Offshore Wind
Turbine Market is anticipated to register a robust growth during the forecast
period, 2024-2028. The major market industries are concentrating on increasing
the production of energy from renewable resources, including wind and solar
power, for the reduction of harmful emissions as environmental concerns grow.
To increase the effectiveness of the operation and the product portfolio, the
major market players are managed to create budget for projects and R&D
operations. Many ongoing projects using cutting-edge technology are anticipated
to improve the infrastructure of current projects, which is anticipated to
accelerate the growth of the Europe Offshore Wind Turbine Market over the
course of the projected period.
Huge capital
investments and high maintenance cost are the major restraints of the market,
which leads to the decline of profit. Issues related to logistics are another
major hurdle in the growth of the market. Offshore wind turbines are
responsible for the harsh marine environment and its more favorable feature
like high speeds is considered as a negative factor for the growth of the
Europe Offshore Wind Turbine Market. The rectification of issues is expensive
in terms of transportation, logistics, and maintenance. All these factors are
the major challenges that are likely to hinder the Europe Offshore Wind Turbine
Market growth.
Browse over XX
market data Figures spread through XX Pages and an in-depth TOC on "Europe Offshore Wind Turbine Market.”
Europe Offshore
Wind Turbine Market is segmented into installation type, turbine capacity, and
country. 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, > 5 MW.
Based on
installation type, fixed segment is dominating in the Europe Offshore Wind
Turbine Market because fixed installation type provides better strength and
durability and can be installed far from shore, which is expected to drive the
segment further in the foreseeable future. Additionally, various research &
developments are on the go in the Europe 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 Europe 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 Europe offshore wind turbine market are:
- Schneider
Electric SE
- Nordex SE
- Equinor ASA
- Siemens Gamesa
Renewable Energy
- Vestas Wind
Systems A/S
- GE Renewable
Energy
- Enercon GmbH
- Goldwind
Science & Technology Co.,Ltd
- Orsted A/S
- ABB Ltd.
Download Free Sample Report
Customers
can also request for 10% free customization on this report.
“Due to the
rising demand for clean energy and the increased attention being paid to
lowering carbon emissions and encouraging environmental conservation, the
market for offshore wind turbines in Europe is anticipated to grow
significantly over the course of the projected period. Since European nations
like France and Germany have been pioneers in offshore wind technology and
offshore wind farm development, offshore wind turbines are being constructed
quickly and are exhibiting robust growth. The "European Wind
Initiative," a program for wind energy research and development, which was
created to advance the wind sector in Europe, supports the development of
offshore wind energy. Thus, such efforts to modernize power generation and
electrical infrastructure are projected to increase demand for offshore wind
turbines.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Europe
Offshore Wind Turbine Market By Installation Type (Fixed, Floating), By Turbine
Capacity (Up to 3 MW, 3 MW to 5 MW, > 5 MW), By country, CompetitionForecast
and Opportunities, 2028”,
has evaluated the future growth potential of Europe 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 Europe offshore wind
turbine market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com