According to a recent study by market research firm Global Market Insights, the offshore wind turbine market is set to grow from $ 21 billion to more than $ 21 billion from its current market value by 2026, achieving significant traction over the period 2020 to 2026 Used to be.
The offshore wind turbine market is projected to witness attractive growth in the coming years due to the global shift towards renewable energy and to enhance R&D by major market players. Offshore wind speeds have a tendency to flow faster than land because there is no wind slowing obstructions.
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Small increases in wind speed typically lead to large fluctuations in energy production. In fact, a turbine parked in a 15-mph wind is capable of generating twice as much energy as a 12-mph wind turbine. Since wind speeds are increasingly offshore, more energy can be produced through offshore wind farms, creating demand for offshore wind turbines. Additionally, offshore wind speeds are also stable compared to land, making for a much more reliable source of energy.
Offshore wind farms have several advantages; They provide a domestic source of energy, do not consume water, generate employment, distribute effective renewable energy, and also do not release greenhouse gases or other environmental pollutants. These will further promote the development of the offshore wind turbine market.
From the point of view of environmental protection, offshore wind farms also provide an unexpected advantage, they help a lot by providing an unwanted environment to the marine ecosystem. Studies have shown that offshore wind power farms have effectively protected marine life as they restrict access to vast stretches of water. Considering this unpredictable factor, offshore farms have a better chance of being cleared.
The offshore wind turbine market is segmented on the basis of rating, installation and regional scenario.
On the basis of the rating, the offshore wind turbine market is classified into> 12 MW,> 10? 12 MW,> 8? 10 MW,> 5? 8 MW,> 2? 5 MW,? 2 MW Will execution of various experimental projects by many governments and research organizations promote the establishment? 2 MW offshore wind turbines in the coming years, driving? 2 MW Block Development.
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Will increased investment towards the development of low-capacity projects lead to> 2? 5 MW offshore wind turbine market.
Will technological progress related to increasing the capacity of the wind farm with a limited component increase> 10? Growth of 12 MW Offshore Wind Turbine Market. For example, in 2019, GE Renewable Energy unveiled the Haliade-X 12 MW, the company's offshore turbine known as the world's most powerful wind turbine, with a 107-meter blade, 220-meter Rotor, digital capacities and major capacitance factors are.
In terms of installation, the offshore wind turbine market is classified into fixed and temporary. Affordable cost and effective power generation capabilities will advance the outlook for the fixed turbine market in the coming years.
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From a regional frame of reference, in addition to North America, Asia-Pacific, and Europe, positive attitudes towards various renewable technologies coupled with land acquisition costs will enhance the deployment of offshore wind turbines in other regions. In the Middle East, according to recent government officials, Oman is exploring an opportunity to build wind farms in the Arabian Sea.
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