© 2016 Global Market Insights, Inc. USA. All Rights Reserved Offshore Wind industry analysis research and trends report for : Fractovia.org

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Offshore Wind industry analysis is covered in this latest research report that aims to help those taking daily business decisions by providing market trends information, competitive landscape scenario, forecasts and more.  Endorsing its dominance in Europe, offshore wind market has generated quite an appreciable momentum on a global scale over the recent years. As per the records, in 2016, 88% of the overall offshore wind installations were located across ten European countries and the remaining 12% installations were spread across the U.S., China, Japan, and South Korea belt. This massive expansion of offshore wind power can certainly be credited to the rising emphasis of both the private and the government entities on energy optimization.  The recently recorded price trends of the offshore wind have indeed led to a dynamic revolution in the global landscape. The Dutch tender for Borssele 1 &2 in June 2016 marked this transformation era with a valuation of €72/MWh. This was trailed by a Danish tender worth €64/MWh. November and December 2016 further registered these developments with tenders of €49.90/MWh and €54.50/MWh by Danish Krieger’s Flak project and Netherlands Borssele 3 & 4 respectively. Key Insights of Offshore Wind Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Furthermore, the increasing urbanization and economic developments which have subsequently boosted the electricity demand is also playing a major role in fueling offshore wind market trends. Countries are treading toward the deployment of the renewable energy sources to fulfill their energy needs and meet the sustainability standards. Sources claim that by 2020, 8-10% of UK’s electricity demand will be addressed by offshore wind.  Not only the European belt but the other regions as well are actively deploying offshore wind to meet the energy and sustainability standards. Below is the synopsis of offshore wind market on a global scale: The U.S. offshore wind market is projected to register substantial gains through 2024, driven by the strong government initiatives to meet the clean energy demands. The country entered the offshore wind industry space profoundly post completing its first offshore wind farm of 30 MW capacity in In 2017, the government of Germany in collaboration with the government of Denmark and Belgium stated to integrate 60 GW offshore capacity by With such favorable regulatory framework and the declining component costs, Germany offshore wind industry is poised to witness remarkable gains over Continued…

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Netherlands offshore wind market is further slated to record remarkable gains over the coming six years, driven by the strict regulations to meet the energy demand. The country established its largest offshore farm across North Sea with a capacity to produce 2.6 TWh of clean energy annually. China offshore wind industry is set to exceed a capacity target of 12 GW by 2024, driven by strict targets pertaining to clean energy consumption and generation.  Given the developments pertaining to the global offshore wind market, this business space is ought to witness a fiercely competitive landscape over the years ahead. Global Market Insights, Inc. estimates offshore wind market to exceed a capacity of 60 GW by Some of the renowned names in this industry include Siemens, Senvion, Adwen, Sinovel, MHI Vestas, and Doosan Heavy Industries & Construction. Continued….

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