Offshore Wind Energy Market to surpass $60bn by 2024 Offshore Wind Energy Market | Page 2

Sturdy technological advancements in turbine designs accompanied by improved
efficiency and cost reduction will stimulate the offshore wind energy market share.
For instance, GE Renewable Energy, in March 2018, launched the Haliade-X, a 12
MW offshore turbine offering a 45% increase in electricity generation compared with
current offshore projects. Favorable industrial outlook toward the integration and
development of large units along with improving foundation techniques will further
complement the business outlook.
Increasing funding toward the utilization of clean energy resources from various
financial institutions including Asian Development Bank (ADB), the World Bank and
International Finance Corporation (IFC) will enhance offshore wind energy market.
The UK Government has established the Offshore Wind Investment Organization to
facilitate funding toward the sustainable energy resource integration to maintain
effective offshore wind supply chain.
UK Offshore Wind Energy Market Size, By Component, 2017 & 2024 (USD Million)
Browse key industry insights spread across 800 pages with 5798 market data tables
& 9 figures & charts from the report, “Offshore Wind Energy Market Size By
Component (Turbine {Rating (< 100 kW, 100 kW to 250 kW, > 250 kW to 500 kW,
> 500 kW to 1 MW, 1 MW to 2 MW, > 2 MW), Installation (Floating {Axis
{Horizontal (HAWTs) [Up-wind, Down-wind], Vertical (VAWTs)}, Structure
{Rotor Module, Nacelle Module, Tower Module}}, Fixed {Axis {Horizontal
(HAWTs) [Up-wind, Down-wind], Vertical (VAWTs)}, Structure {Rotor Module,
Nacelle Module, Tower Module}}}), Support Structure (Substructure (Steel),
Foundation {Monopile, Jacket}), Electrical Infrastructure (Wires & Cables,
Substation)), By Depth (0 – 30 m, 30 – 50 m, > 50 m), Industry Analysis Report,
Regional Outlook (U.S., Canada, Mexico, Germany, Spain, UK, France, Italy,
Sweden, Poland, Denmark, Portugal, Netherlands, Ireland, Romania, Belgium,
Austria, China, India, Australia, Japan, South Korea, Vietnam, Thailand,
Philippines, Taiwan, South Africa, Egypt, Morocco, Ethiopia, Tunisia, Jordan,
Brazil, Chile, Argentina, Uruguay), Competitive Market Share & Forecast, 2018
– 2024” in detail along with the table of contents: https://bit.ly/2gsZwyM
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