Floating Wind Power Market [2024-2029] | Global Size, Share, Emerging Trends

Floating Wind Power Market Size, Share & COVID-19 Impact Analysis, By Water Depth (Shallow Water, Transitional Water, and Deep Water), By Turbine Capacity (Up to 3 MW, 3 MW – 5 MW, and Above 5 MW), and Regional Forecast, 2022 – 2029 

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 The global floating wind power market size was valued at USD 0.29 billion in 2021. The market is projected to grow from USD 0.68 billion in 2022 to USD 15.64 billion by 2029, exhibiting a CAGR of 56.5% during the forecast period. 

Floating Wind Power Market Industry Competitive Analysis:

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.

KEY PLAYERS:

The major companies profiled in the report includes:

  • 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)

 Key benefits

Increasing Shift Toward Clean Energy Generation to Drive Growth

The report provides an extensive analysis of the factors that drive as well as restrain the growth of the world artificial lift system market.

The market projections from 2024 to 2029 along with the impacting factors are mentioned in the report.

The report also provides quantitative as well as qualitative trends to assist the stakeholders understand the market scenario.

In-depth analyses of the key segments of the market demonstrate the consumption of Floating Wind Power Market  in different applications across different end-user industries.

Competitive intelligence highlights the business practices adopted by the leading market players across various geographies.

Industry Segmentations:

  • By Water Depth
    • Shallow Water (< 30m Depth)
    • Transitional Water (30m – 60m Depth)
    • Deep Water (> 60m Depth)
  • By Capacity
    • Up to 3 MW
    • 3 MW to 5 MW
    • Above 5 MW
  • By Region
    • U.S.
    • U.K.
    • Germany
    • France
    • Spain
    • Sweden
    • Japan
    • South Korea
    • Rest of the World

 

Scope of the Report:

► Executive Summary

► Demand and Supply-side Trends

► Market Drivers, Restraints, Opportunities, and Challenges

► Value Chain Analysis

► Porter’s Five Forces Analysis

► Industry SWOT Analysis

► COVID-19 Impact Assessment

► PESTLE Analysis

► Global Market Size and Forecast

► Regional Market Size and Forecast (Cross-country Analysis)

► Competition Landscape

► Company Profiles

Frequently Asked Questions (FAQs):

► What is the current market scenario?

► What was the historical demand scenario, and forecast outlook from 2024 to 2030?

► What are the key market dynamics influencing growth in the Global Floating Wind Power Market?

► Who are the prominent players in the Global Floating Wind Power Market?

► What is the consumer perspective in the Global Floating Wind Power Market?

► What are the key demand-side and supply-side trends in the Global Floating Wind Power Market?

► What are the largest and the fastest-growing geographies?

► Which segment dominated and which segment is expected to grow fastest?

► What was the COVID-19 impact on the Global Floating Wind Power Market?

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning

Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.

Detailed analysis of the market revenue over the forecasted period.

Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.

Study on the segments that are anticipated to dominate the market.

Study on the regional analysis that is expected to register the highest growth over the forecast period

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The report shares key insights on:

  • Current market size
  • Market forecast
  • Market opportunities
  • Key drivers and restraints
  • Regulatory scenario
  • Industry trend
  • New product approvals/launch
  • Promotion and marketing initiatives
  • Pricing analysis
  • Competitive landscape

 Frequently Asked Questions (FAQs) for Floating Wind Power Market Report:

A well-structured report should anticipate and address common questions industry stakeholders might have. Here are some key FAQs to consider including:

  • What is the current global energy mix, and how is it expected to change in the future?
  • What are the main challenges facing the energy and power industry?
  • How are technological advancements impacting the way we generate, transmit, and distribute electricity?
  • What role do government policies play in shaping the energy and power landscape?
  • What are the potential impacts of climate change on the energy and power industry?
  • What is the future of energy prices?

Key Benefits of Buying the Report:

The report will provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Floating Wind Power Market and the sub segments.

The scope of the study addresses market analysis of gas compression and gas compression engines, and their applicability in transmission and related applications.

This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

KEY QUESTIONS ANSWERED:

  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the Floating Wind Power Market growth?
  • What are the key technological and market trends shaping the market?
  • What are the key opportunities in the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?

 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 
  • Major Players Market Distribution 
  • 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

TOC continued …

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