The gradual growth of the global offshore wind energy market will see a considerable revenue rise for the forecast period of 2017–2023.
Portland, OR -- (SBWIRE) -- 09/06/2017 -- Allied Market Research recently published a detailed report on offshore wind energy market for the forecast period of 2017–2023. The market gained $2,727 thousand in 2016 and will accumulate a sum of $11,334 thousand by 2023. A compound annual growth rate of 19.4% is registered in the forecast period. The market is picking up momentum and owes its gradual growth to wind farms that harvest wind energy for electricity generation. The market also owes its revenue rise to sectors that use turbine technologies and floating wind turbines for deep water areas.
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The comprehensive study includes key benefits, key market segments, and various research methodology untaken to formulate this extensive report. The market overview gives a detailed insight into market definition and scope, key findings that include top investment pockets and winning strategies, and Porter's Five Force analysis. The market dynamic section contains sections such as drivers which mention the changing consumer preferences, high demand for a conventional source of energy, and increasing demand for electricity. The report, with clarity, includes opportunities such as increasing research and development in cheaper products and restraints such as high initial cost and less investment.
The report delves deep into geographical segmentation and mentions market size and forecast, market trends, opportunities, growth factors, and opportunities for each of the segmentation. The global segmentation is done for North-America, Europe, Asia-Pacific, and LAMEA. Europe was leading in 2016 with 90% share in the market followed by Asia-Pacific. Asia-Pacific will soon be a major contributor for the global wind energy market in the coming decade.
The key players profiled in the report are Siemens Wind Power, Vestas Wind System A/S, Goldwin Science and Technology Co. Ltd., Gamesa Corporacion Technologica SA, Ge Wind Energy, Sinovel Wind Group Co. Ltd., Dong Energy A/S, Suzlon Group, Nordex Se, China Ming Yang Wind Power Group Limited. The report gives an in-depth insight on company profile and overview, various operating business segment, respective business performance, and the different strategies and developmental techniques undertaken by each of the players.
The all-inclusive report sheds light on vital investment strategies and business developments that will enable the key players to formulate tactics for market penetration. The important facts and figures will also play a role in helping new entrants and established market holders understand the market in details.
Key points registered from the global offshore wind energy market report:
- The detailed analysis for the forecast period of 2017–2023 to help comprehend market dynamics.
- Qualitative and quantitative analysis of the current market will facilitate key players formulate strategies and plans
- Porters Five Force analysis will influence the decision of market entry and expansion
- Comprehensive analysis of the key market players will help us gauge the competitive scenario in the industry
- Geographical segmentation will help competitors understand the potential of areas for implanting research and development
Access full summary at: https://www.alliedmarketresearch.com/offshore-wind-energy-market