Floating Wind Turbine Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Foundation (Spar-buoy Foundation, Tension-leg Platform (TLP) Foundation, Semi-submersible Foundation, Others); Depth (Shallow Water, Deep Water) and Geography
A floating wind turbine is a type of offshore wind turbine that is mounted on a floating foundation. The floating structure allows the turbine to generate electricity in water deep water, where the fixed foundation is not applicable. The surge in demand for renewable power sources and various benefits associated with floating wind turbines such as flexibility, reduces carbon emission, the capability of working in a harsh environment, reduced noise levels, no land acquisition expenditure, and others. This, in turn, fuels the growth of the floating wind turbine market during the forecast period.
MARKET DYNAMICS
The increasing energy demand across the globe, coupled with the functional advantages over the fixed structure installation of offshore wind farms, is the major driving factor for the floating wind turbine market growth. However, cost reductions and the technological advancements already achieved within the fixed wind turbines may hinder the growth of the floating wind turbine market. Moreover, favorable regulatory policies complementing offshore wind energy and increasing investment for sustainable energy generation are expected to influence the floating wind turbine market growth in the coming years.
MARKET SCOPE
The "Global Floating Wind Turbine Market Analysis to 2027" is a specialized and in-depth study of the floating wind turbine industry with a special focus on the global market trend analysis. The report aims to provide an overview floating wind turbine market with detailed market segmentation as foundation, depth, and geography. The global floating wind turbine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading floating wind turbine market players and offers key trends and opportunities in the floating wind turbine market.
MARKET SEGMENTATION
The global floating wind turbine market is segmented on the basis of foundation, depth. On the basis of foundation the market is segmented as spar-buoy foundation, tension-leg platform (TLP) foundation, semi-submersible foundation, others. On the basis of depth the market is segmented shallow water, deep water.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global floating wind turbine market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The floating wind turbine market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting floating wind turbine market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the floating wind turbine market in these regions.
The reports cover key developments in the floating wind turbine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Floating wind turbine market are anticipated to lucrative growth opportunities in the future with the rising demand for floating wind turbine in the global market. Below mentioned is the list of few companies engaged in the floating wind turbine market.
The report also includes the profiles of key floating wind turbine companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB
- ENVISION GROUP
- Equinor ASA
- Flowocean
- General Electric Company
- Goldwind
- Hitachi, Ltd.
- MHI Vestas Offshore Wind
- Mingyang Smart Energy Group Co., Ltd.
- Siemens Gamesa Renewable Energy S.A.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Floating Wind Turbine Market - By Foundation
1.3.2Floating Wind Turbine Market - By Depth
1.3.3Floating Wind Turbine Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.FLOATING WIND TURBINE MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.FLOATING WIND TURBINE MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.FLOATING WIND TURBINE MARKET - GLOBAL MARKET ANALYSIS
6.1.FLOATING WIND TURBINE - GLOBAL MARKET OVERVIEW
6.2.FLOATING WIND TURBINE - GLOBAL MARKET AND FORECAST TO 2027
6.3.MARKET POSITIONING/MARKET SHARE
7.FLOATING WIND TURBINE MARKET - REVENUE AND FORECASTS TO 2027 â"" FOUNDATION
7.1.OVERVIEW
7.2.FOUNDATION MARKET FORECASTS AND ANALYSIS
7.3.SPAR-BUOY FOUNDATION
7.3.1.Overview
7.3.2.Spar-buoy Foundation Market Forecast and Analysis
7.4.TENSION-LEG PLATFORM (TLP) FOUNDATION
7.4.1.Overview
7.4.2.Tension-leg Platform (TLP) Foundation Market Forecast and Analysis
7.5.SEMI-SUBMERSIBLE FOUNDATION
7.5.1.Overview
7.5.2.Semi-submersible Foundation Market Forecast and Analysis
7.6.OTHERS
7.6.1.Overview
7.6.2.Others Market Forecast and Analysis
8.FLOATING WIND TURBINE MARKET - REVENUE AND FORECASTS TO 2027 â"" DEPTH
8.1.OVERVIEW
8.2.DEPTH MARKET FORECASTS AND ANALYSIS
8.3.SHALLOW WATER
8.3.1.Overview
8.3.2.Shallow Water Market Forecast and Analysis
8.4.DEEP WATER
8.4.1.Overview
8.4.2.Deep Water Market Forecast and Analysis
9.FLOATING WIND TURBINE MARKET REVENUE AND FORECASTS TO 2027 â"" GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Floating Wind Turbine Market Overview
9.1.2North America Floating Wind Turbine Market Forecasts and Analysis
9.1.3North America Floating Wind Turbine Market Forecasts and Analysis - By Foundation
9.1.4North America Floating Wind Turbine Market Forecasts and Analysis - By Depth
9.1.5North America Floating Wind Turbine Market Forecasts and Analysis - By Countries
9.1.5.1United States Floating Wind Turbine Market
9.1.5.1.1United States Floating Wind Turbine Market by Foundation
9.1.5.1.2United States Floating Wind Turbine Market by Depth
9.1.5.2Canada Floating Wind Turbine Market
9.1.5.2.1Canada Floating Wind Turbine Market by Foundation
9.1.5.2.2Canada Floating Wind Turbine Market by Depth
9.1.5.3Mexico Floating Wind Turbine Market
9.1.5.3.1Mexico Floating Wind Turbine Market by Foundation
9.1.5.3.2Mexico Floating Wind Turbine Market by Depth
9.2.EUROPE
9.2.1Europe Floating Wind Turbine Market Overview
9.2.2Europe Floating Wind Turbine Market Forecasts and Analysis
9.2.3Europe Floating Wind Turbine Market Forecasts and Analysis - By Foundation
9.2.4Europe Floating Wind Turbine Market Forecasts and Analysis - By Depth
9.2.5Europe Floating Wind Turbine Market Forecasts and Analysis - By Countries
9.2.5.1Germany Floating Wind Turbine Market
9.2.5.1.1Germany Floating Wind Turbine Market by Foundation
9.2.5.1.2Germany Floating Wind Turbine Market by Depth
9.2.5.2France Floating Wind Turbine Market
9.2.5.2.1France Floating Wind Turbine Market by Foundation
9.2.5.2.2France Floating Wind Turbine Market by Depth
9.2.5.3Italy Floating Wind Turbine Market
9.2.5.3.1Italy Floating Wind Turbine Market by Foundation
9.2.5.3.2Italy Floating Wind Turbine Market by Depth
9.2.5.4United Kingdom Floating Wind Turbine Market
9.2.5.4.1United Kingdom Floating Wind Turbine Market by Foundation
9.2.5.4.2United Kingdom Floating Wind Turbine Market by Depth
9.2.5.5Russia Floating Wind Turbine Market
9.2.5.5.1Russia Floating Wind Turbine Market by Foundation
9.2.5.5.2Russia Floating Wind Turbine Market by Depth
9.2.5.6Rest of Europe Floating Wind Turbine Market
9.2.5.6.1Rest of Europe Floating Wind Turbine Market by Foundation
9.2.5.6.2Rest of Europe Floating Wind Turbine Market by Depth
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Floating Wind Turbine Market Overview
9.3.2Asia-Pacific Floating Wind Turbine Market Forecasts and Analysis
9.3.3Asia-Pacific Floating Wind Turbine Market Forecasts and Analysis - By Foundation
9.3.4Asia-Pacific Floating Wind Turbine Market Forecasts and Analysis - By Depth
9.3.5Asia-Pacific Floating Wind Turbine Market Forecasts and Analysis - By Countries
9.3.5.1Australia Floating Wind Turbine Market
9.3.5.1.1Australia Floating Wind Turbine Market by Foundation
9.3.5.1.2Australia Floating Wind Turbine Market by Depth
9.3.5.2China Floating Wind Turbine Market
9.3.5.2.1China Floating Wind Turbine Market by Foundation
9.3.5.2.2China Floating Wind Turbine Market by Depth
9.3.5.3India Floating Wind Turbine Market
9.3.5.3.1India Floating Wind Turbine Market by Foundation
9.3.5.3.2India Floating Wind Turbine Market by Depth
9.3.5.4Japan Floating Wind Turbine Market
9.3.5.4.1Japan Floating Wind Turbine Market by Foundation
9.3.5.4.2Japan Floating Wind Turbine Market by Depth
9.3.5.5South Korea Floating Wind Turbine Market
9.3.5.5.1South Korea Floating Wind Turbine Market by Foundation
9.3.5.5.2South Korea Floating Wind Turbine Market by Depth
9.3.5.6Rest of Asia-Pacific Floating Wind Turbine Market
9.3.5.6.1Rest of Asia-Pacific Floating Wind Turbine Market by Foundation
9.3.5.6.2Rest of Asia-Pacific Floating Wind Turbine Market by Depth
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Floating Wind Turbine Market Overview
9.4.2Middle East and Africa Floating Wind Turbine Market Forecasts and Analysis
9.4.3Middle East and Africa Floating Wind Turbine Market Forecasts and Analysis - By Foundation
9.4.4Middle East and Africa Floating Wind Turbine Market Forecasts and Analysis - By Depth
9.4.5Middle East and Africa Floating Wind Turbine Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Floating Wind Turbine Market
9.4.5.1.1South Africa Floating Wind Turbine Market by Foundation
9.4.5.1.2South Africa Floating Wind Turbine Market by Depth
9.4.5.2Saudi Arabia Floating Wind Turbine Market
9.4.5.2.1Saudi Arabia Floating Wind Turbine Market by Foundation
9.4.5.2.2Saudi Arabia Floating Wind Turbine Market by Depth
9.4.5.3U.A.E Floating Wind Turbine Market
9.4.5.3.1U.A.E Floating Wind Turbine Market by Foundation
9.4.5.3.2U.A.E Floating Wind Turbine Market by Depth
9.4.5.4Rest of Middle East and Africa Floating Wind Turbine Market
9.4.5.4.1Rest of Middle East and Africa Floating Wind Turbine Market by Foundation
9.4.5.4.2Rest of Middle East and Africa Floating Wind Turbine Market by Depth
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Floating Wind Turbine Market Overview
9.5.2South and Central America Floating Wind Turbine Market Forecasts and Analysis
9.5.3South and Central America Floating Wind Turbine Market Forecasts and Analysis - By Foundation
9.5.4South and Central America Floating Wind Turbine Market Forecasts and Analysis - By Depth
9.5.5South and Central America Floating Wind Turbine Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Floating Wind Turbine Market
9.5.5.1.1Brazil Floating Wind Turbine Market by Foundation
9.5.5.1.2Brazil Floating Wind Turbine Market by Depth
9.5.5.2Argentina Floating Wind Turbine Market
9.5.5.2.1Argentina Floating Wind Turbine Market by Foundation
9.5.5.2.2Argentina Floating Wind Turbine Market by Depth
9.5.5.3Rest of South and Central America Floating Wind Turbine Market
9.5.5.3.1Rest of South and Central America Floating Wind Turbine Market by Foundation
9.5.5.3.2Rest of South and Central America Floating Wind Turbine Market by Depth
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.FLOATING WIND TURBINE MARKET, KEY COMPANY PROFILES
11.1.ABB
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.ENVISION GROUP
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.EQUINOR ASA
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.FLOWOCEAN
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.GENERAL ELECTRIC COMPANY
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.GOLDWIND
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.HITACHI, LTD.
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.MHI VESTAS OFFSHORE WIND
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.MINGYANG SMART ENERGY GROUP CO., LTD.
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.SIEMENS GAMESA RENEWABLE ENERGY S.A.
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
The List of Companies
1.ABB
2.ENVISION GROUP
3.Equinor ASA
4.Flowocean
5.General Electric Company
6.Goldwind
7.Hitachi, Ltd.
8.MHI Vestas Offshore Wind
9.Mingyang Smart Energy Group Co., Ltd.
10.Siemens Gamesa Renewable Energy S.A.