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04 Feb 2016 12:02:41

Offshore Wind Turbines Market Segment Forecasts up to 2023, Research Reports:Transparency Market Research

Fossil fuels are depleting and there is an associated negative impact on health, environment and energy security with the use of fossils. This has left people, governments and industries scouring for alternative sources of energy. The recent spurt in government support and favorable regulations across countries such as China, Germany, the U.S., India, France and the UK has led to increasing investments in the renewable energy market.Wind is one of the important sources of energy utilized by humans. Wind turbines are used to generate electricity from wind energy. The blades of turbine are connected to adrive shaft which turns a generator to produce electricity. Usually wind turbines were set upon land but now-a-days wind turbines are built offshore as well due to highpotential wind source availability.

Complete Report Offshore Wind Turbines Market with TOC : http://www.transparencymarketresearch.com/offshore-wind-turbines-market.html

Offshore wind turbines refer to the infrastructures made in the water bodies to generate electricity through wind power. These turbines help to generate higher rates of electricity as stronger wind speeds are available offshore compared to land, thus, contributing toelectricity supply.The electrical energyproduced from wind energy is directly proportional to the cube of wind speed, as a result slight increase in wind speed can produce large amounts of electricity. The manufacturing and design of offshore wind turbines depend on site conditions, particularly the depth of water, geology of the seabed, and wave loading.Hence, the turbines are made with different technical specifications and system requirements based on the desired location condition.

The growth in demand for wind turbines is because of the ascent in focus on utilization of renewable resources of energy. Developing awareness for preservation of naturalresources which are likely to get extinct in future, is anticipated to boost the interest inthe utilization of wind energy for creating electricity. Moreover, fast increment in establishment of offshore wind turbines is expected during the coming years as offshore sites have proven to be very reliable in terms of availability of wind. . Further, because of the accessibility of huge unused space over the water bodies, bigger foundation can be fabricated helping in expanded creation of power.Also,transportation of the equipment through ocean is simple and is another critical variable driving the growth of offshore wind turbines market.Increasing governmental regulations for ecologicaladvantageareexpected to augment the establishment of new offshore wind farms during the coming years.

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Offshore wind turbine technology is rapidly evolving in order to meet the future project needs,wherein the offshore sites are anticipated to be deeper and far from the shore. The technological advancements and development have helped the industry to provide innovative cutting edge solutions and further aided high energy production. Some of the key factor hindering the offshore wind turbine market is the high construction costs compared to the onshore wind turbine equipment, as they are built stronger and more durable in order to withstand rough weather conditions.

The offshore wind turbines market can be categorized on the basis of foundation type which includes monopole foundation, gravity base foundation, tripod piled foundation, tripod suction caisson foundation, steel jacket foundation, and floating wind turbines foundation. Some of the key players of the offshore wind turbines market are Siemens AG, Vestas, Goldwind Science & Technology Co., Ltd., Gamesa, General Electric, Sinovel Wind Group Co.,Ltd, Suzlon Group, and Nordex SE.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

North America
Asia Pacific
Middle East and Africa
Latin America

This report provides comprehensive analysis of

Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years

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This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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