Offshore Wind Turbine Market in Heavy Electrical Equipment Industry to grow by 54975 MT|Technavio

NEW YORK, July 12, 2021 /PRNewswire/ -- APAC contributes to the highest incremental growth of 53% to the offshore wind turbine market during the forecast period, as per Technavio.

Technavio has announced its latest market research report titled
Offshore Wind Turbine Market by Substructures and Geography - Forecast and Analysis 2020-2024

Eaton Corporation Plc, ENERCON GmbH, and General Electric Co. are the three major market participants for the offshore wind turbine market.

" Government support for wind energy projects and the decline in LCOE for wind power generation will further boost market growth during the forecast period", says a senior analyst at Technavio.

Technavio offers an up-to-date analysis regarding the current global market scenario and the overall market environment.
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The offshore wind turbine market in the heavy electrical equipment industry is expected to grow by 54975 MT, progressing at a CAGR of almost 24% during 2020-2024, as per the new report from Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Offshore Wind Turbine Market in Heavy Electrical Equipment Industry 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist offshore wind turbine market growth during the next five years
  • Estimation of the offshore wind turbine market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the offshore wind turbine market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of offshore wind turbine market vendors

Offshore Wind Turbine Market in Heavy Electrical Equipment Industry 2020-2024: Scope

To help businesses improve their market position, Technavio provides a detailed analysis of around 25 vendors operating in the offshore wind turbine market. Eaton Corporation Plc, ENERCON GmbH, General Electric Co., Hitachi Ltd., Nordex SE, Senvion SA, Siemens AG, Suzlon Energy Ltd., Vestas Wind System AS, and Xinjiang Goldwind Science & Technology Co. Ltd. are some of the major market participants.

  • Offshore Wind Turbine Market Size
  • Offshore Wind Turbine Market Trends
  • Offshore Wind Turbine Market Industry Analysis

This study identifies the rise in offshore installations as one of the prime reasons driving the Offshore Wind Turbine Market growth during the next few years. However, the competition from alternative sources of energy may threaten the growth of the market.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR45723

Reasons to Buy the Report:

  • Leverage latest data mapping the technological advancements
  • Find deeper market insights and forecast information about current market developments.
  • Explore insights on key market accelerating factors.
  • Identify potential threats to market growth.
  • Understand the impact of trends likely to influence market growth positively or negatively.

Key Topics Covered:

  • Executive Summary
  • Market Landscape
  • Market Sizing
  • Five Forces Analysis
  • Market Segmentation by Substructures
  • Market Segmentation by Geography
  • Customer landscape
  • Geographic Landscape
  • Vendor Landscape
  • Vendor Analysis
  • Appendix

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About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Report link: https://www.technavio.com/report/offshore-wind-turbine-market-industry-analysis 

Technavio (PRNewsfoto/Technavio)

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