Floating Wind Power Market Analysis Huge Growth, Emerging Trends, Advancement Outlook, and Challenges by 2027

The global floating wind power market size was USD 0.67 billion in 2019 and is projected to reach USD 59.24 billion by 2027, exhibiting a CAGR of 82.2% during the forecast period.

The Floating Wind Power Market 2022 | Energy And Power Industry Global Analysis by Covid-19 Impact On, Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2027 is latest study published by Fortune Business Insights.The Floating Wind Power Market Growth rate or CAGR exhibited by a market for a given forecast period is calculated based on various factors and their level of impact on the market.

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Key Industry Development: 

October 2020: Total purchased a 20 per cent stake in EolMed floating wind pilot project. It is located in the Mediterranean Sea, near Port-La-Nouvelle and off the coast of Gruissan in France. It will contain three MHI Vestas 10 MW turbines.
June 2020: Siemens Gamesa Renewable Energy bagged a new order to deliver 100 units of its SG 14-222 DD offshore wind turbines for 1.4 GW Sofia Offshore Wind Farm. It is located in the U.K. The project will be able to generate electricity to power more than 1.2 million households.

Floating Wind Power Market Report Scope: 

REPORT ATTRIBUTE	DETAILS
Market size available for years	2020-2027
CAGR Value	82.2%
Base year considered	2019
Historical data	2016-2018
Forecast Period	2020-2027
Quantitative units	Revenue in USD million and CAGR from 2020-20271
Segments Covered	Types, Applications, End-Users, and more.
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Customization scope	Report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail of customized purchase options to meet your exact research needs. Explore purchase options

 

Industry Globalization Drivers:

Rising Investments in Renewable Energy Sources to Drive Growth

Several countries worldwide are nowadays adopting renewable energy sources to reduce the emissions of carbon. Hence, wind and solar energies are experiencing high demand. Also, the offshore wind power industry is set to gain new opportunities because of the increasing usage of onshore wind farms. The Global Trends in Renewable Energy Investment 2019 report mentions that there was a surge of USD 272.9 billion in the global investment in renewable energy in 2018. These factors are anticipated to accelerate the floating wind power market growth in the near future. However, the engineering activities and pre-development of wind farms involve a lot of cost spending. It may obstruct growth.

The Floating Wind Power Market COVID-19 influence analysis:

• Pre & post COVID-19 market size
• A qualitative investigation of the long-term & short term influence of COVID-19 on the industry
• The analysis provides the main approaches adopted by competitors to minimize the impact of the epidemics on their enterprise activities & scope for future developments.
  
  

Stepping into a Post-COVID Economy: How Energy and Power Industry Will Play an Essential Role in its Recovery. Request Sample Copy

The study provides analysis on market participants including:

• Siemens Gamesa Renewable Energy S.A. (Spain)
• ABB (Switzerland)
• GE (U.S.)
• Ming Yang Smart Energy Group Co. (China)
• MHI Vestas Offshore Wind (Denmark)
• Senvion S.A (Germany)
• Adwen GmbH (Germany)
• Nordex SE (Germany)
• GoldWind (China)
• Envision Energy (China)
• Suzlon Energy Limited (India)
• Hitachi (Japan)

Segmental Outlook

Key segments, including types and applications, were detailed in this report. Consultants of verified market reports studied all segments and used historical data to provide market size. They also talked about the growth opportunities the segment could pose in the future. The study provides production and revenue data by type and application during the past period and forecast period(2022-2027).

Highlights of the Report:

Industry Overview: The first section of the research study covers an overview of the global Floating Wind Power Market,market status and prospects,and product range. In addition,it provides highlights of the major segments of the global Floating Wind Power Market,i.e. region, type and application segments.

 Competitive Analysis:This report illuminates important mergers and acquisitions,business expansion,product or service differences,market concentration,competitive status of the global Floating Wind Power Market, and market size by player.

Company Profiles and Key Data:This section covers companies profiling the major players in the global Floating Wind Power Market based on the aforementioned revenue,products,business and other factors.

 Market size by type and application:In addition to providing in-depth analysis of the global Floating Wind Power Market size by type and application,this section provides research on top end users or consumers and potential applications.

Market Dynamics: This report covers the drivers, trends and opportunities of the global Floating Wind Power Market. This section also includes Porter's analysis of five forces.

 Findings and Conclusions:It provides strong recommendations for new as well as established players for securing a position of strength in the global Floating Wind Power Market.

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Detailed TOC of Global Floating Wind Power Market Report 2022

Floating Wind Power Market Introduction and Market Overview

• Objectives of the Study
• Overview of Floating Wind Power Market
• Floating Wind Power Market Market Scope and Market Size Estimation
• Market Concentration Ratio and Market Maturity Analysis
• Global Floating Wind Power Market Revenue and Growth Rate

 Market Segmentation

• Types of Floating Wind Power Market
• Applications of Floating Wind Power Market
• Research Regions
• Market Dynamics
• Floating Wind Power Market Industry Trends
• Floating Wind Power Market Drivers
• Floating Wind Power Market Market Challenges
• Floating Wind Power Market Market Restraints
• Industry News and Policies by Regions
• Industry News
• Industry Policies
• Mergers & Acquisitions, Expansion Plans
• Floating Wind Power Market Development Trends under COVID-9 Outbreak
• Global COVID-9 Status Overview
• Influence of COVID-9 Outbreak on Floating Wind Power Market Industry Development

Industry Chain Analysis

• Upstream Raw Material Supply and Demand Analysis
• Global Floating Wind Power Market Major Upstream Raw Material and Suppliers
• Raw Material Source Analysis
• Major Players of Floating Wind Power Market
• Major Players Manufacturing Base of Floating Wind Power Market in 2027
• Major Players Market Distribution in 2027
• Floating Wind Power Market Manufacturing Cost Structure Analysis
• Production Process Analysis
• Manufacturing Cost Structure of Floating Wind Power Market
• Market Channel Analysis of Floating Wind Power Market
• Major Down Stream Customers by Application

Continued….

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