Floating Wind Turbine Market will register a CAGR of 58% during 2020-2024. The market’s growth momentum will Decelerate.
favorable government regulations for floating wind | Change in energy mix | Rise in offshore installations will be one of the major factors driving the growth of this market. Additionally, key Floating Wind Turbine Market trends such as the rise in offshore installations will also influence market growth during the forecast period.
Floating Wind Turbine Market Size
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During the forecast period, the Floating Wind Turbine Market size will grow by 582 MW.
Floating Wind Turbine Market : Vendors
The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Floating Wind Turbine Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the competition from alternative technologies | Challenges associated with the installations | High capital costs will also challenge the growth of the companies.
Doosan Corp. | Equinor ASA | General Electric Co. | Hitachi Ltd. | MHI Vestas Offshore Wind AS | Mingyang Smart Energy Group Co. Ltd. | Naval Energies | Principle Power Inc. | Senvion SA | Siemens AG.list
are some of the companies covered in Technavio’s Floating Wind Turbine Market report for 2020-2024.
Floating Wind Turbine Market : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Floating Wind Turbine Market.
The Europe will account for the largest Floating Wind Turbine Market share and during 2020-2024, the region will contribute to 58% of the market’s growth.
In addition to regions and the key companies involved, Technavio’s Floating Wind Turbine Market report also analyzes the market by Europe | ROW | Spar-buoy | Semi-submersible | Others.comma
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