Offshore Wind Turbines Market 2017 Share, Trend and Forecast Offshore Wind Turbines Market - Global Industry An | Page 2

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Asia Pacific and Europe to Remain Nip and Tuck in Global Offshore Wind
Turbines Market
From a geographic point of view, Europe and Asia Pacific are expected to provide
significant growth potential for the offshore wind turbines market during the
forecast period. Europe dominated the global offshore wind turbines market in 2016,
with vast expansion in offshore wind power generation. Wind is one of the leading
sources of the renewable energy mix in the region. Offshore wind energy is gaining
market share at a rapid pace in the renewable energy mix because of the
advantages that it possesses over onshore wind energy.
Various countries across the globe have established electricity generation targets
from renewable energy. Developing economies such as India are now focusing on
renewable sources of energy for power generation. India has set targets of
electricity generations by wind energy and solar energy. Exploration of offshore sites
is being carried out in order to enhance profitability of power generation from wind.
Unlike onshore sites, offshore sites generally have uninterrupted winds throughout
the year.
Some of the key players operating in the global offshore wind turbines market are
Enercon GmbH, Siemens Wind Power, Gamesa Corporacion Technologica S.A.,
Guodian United Power Technology Company Ltd, Nordex S.E., Vestas Wind Systems
A/S, Upwind Solutions Inc., Suzlon Group, Xinjiang Goldwind Science & Technologies
Co. Ltd, and GE Wind Energy.
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