Offshore Wind Turbines Market 2017 Share, Trend and Forecast Offshore Wind Turbines Market - Global Industry An

Offshore
Wind
Turbines Market
-
Global
Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2017 - 2025
Global Offshore Wind Turbines Market: Snapshot
Wind energy has been harnessed by the oldest of civilizations. Today, the wind
energy sector has evolved to generate electricity, through wind turbines taking off a
major load from conventional sources of energy. Wind turbines use the power of
natural wind to generate electricity. The technology is still in its nascent stage. It
must overcome technical, economic and political challenges for commercial and
large-scale deployment. Several developing countries have opened up a plethora of
opportunities for the global offshore wind turbines market as the pressure of
keeping the carbon emissions low is mounting each day. According to the research
report, the global offshore wind turbines market is projected to be worth
US$58,729.7 mn by the end of 2025 from US$29,418.9 mn in 2016. During the
forecast period of 2017 and 2025, analysts estimate that the global market will
surge at a CAGR of 7.7%.
View Report @ http://www.transparencymarketresearch.com/offshore-
wind-turbines-market.html
Floating Offshore Wind Turbines See Higher Adoption due to Advantages
over Traditional Turbines
As shallow- and deep-water spots being explored harness the potential for power
generation from wind, they are likely to augment the growth of the floating wind
turbines segment over the forecast period. Offshore floating turbines are
advantageous over fixed structures in terms of the total cost incurred in installation
and production. These wind turbines come with a floating platform to support the
entire turbine structure. On the other hand, traditional offshore plants need fixing of
foundations to the seafloor and bolting of massive turbines on them, which can
hamper the ecology as well.
Several new, offshore, floating wind turbine projects are in the prototype phase for
testing of their operational feasibility, particularly in India, China, South Korea, the
Pacific Islands, and Japan. A floating platform and its turbine are entirely
manufactured onshore. They are then towed out and tethered to the seafloor.
Another advantage of the floating platform is that they can be identical in shape,
which reduces the cost of customization.