https://www.databridgemarketresearch.com/reports/global-floating-wind-turbine-market

https://www.databridgemarketresearch.com/reports/global-floating-wind-turbine-market

Global offshore wind turbine market was valued at USD28.20 billion in 2021 and is anticipated to project robust growth in the forecast period with a CAGR of 13.75% due to high investment and development in the power industry. A wind turbine is a device that converts wind kinetic energy into electricity. Wind turbines are implemented in water bodies to generate electricity from the wind over open water, called offshore wind turbines. Wind turbine blades turn between 13 and 20 revolutions per minute, depending on technology, at a constant or variable velocity, with the rotor's velocity varying about the wind's velocity to achieve greater efficiency. Further, owing to the larger structures and complex logistics of installing the towers, offshore wind turbines are capital-intensive and are significantly more expensive to build than onshore wind farms. The data collected by the vane and anemometer positioned at the top automatically aligns the wind turbine to fully use the wind's kinetic energy. Market Segmentation The global offshore wind turbine market is segmented based on installation type, turbine capacity, region and by company. Based on installation type, the market is further fragmented into fixed and floating. Based on turbine capacity, the market is segmented into Up to 3 MW, 3 MW to 5 MW, and > 5 MW. The market analysis also studies the regional segmentation divided among the Asia-Pacific, Europe, North American, Middle East & African, and South America. The Europe offshore wind turbine market stood at USD14.20 billion in the year 2021 and is projected to grow at a CAGR of 13.05% during the forecast period. While the United States offshore wind turbine market stood at USD2.89 billion in the year 2021 and is projected to grow at a CAGR of 10.33% during the forecast period. Company Profiles Ørsted A/S, GE Renewable Energy, ABB Ltd., Vestas Wind Systems A/S, Siemens Gamesa, Schneider Electric SE, Nordex SE, Equinor ASA, Envision Group, Mingyang Smart Energy Group Co., Ltd, Xinjiang Goldwind Science & Technology Co., Ltd., Rockwell Automation Inc., Invenergy LLC and EDP Renewables North America LLC are among the major market players in the global offshore wind turbine market. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=10639 For More Information Visit: https://www.techsciresearch.com/report/offshore-wind-turbine-market/10639.html