Offshore Wind industry analysis research and trends report for 2017-2024
More Information @ http://bit.ly/2vY6FDa The recent launching of the world’s first hybrid offshore wind system by Dong Energy surely marks a new era in Offshore wind market. The Denmark-based energy giant is planning to integrate a battery system with the company’s 90 MW offshore wind plant, located in Burbo Bank. Reportedly, this is an initiative undertaken as a repercussion to the criticism that renewable power leads to flickering due to disruption in the grid frequency.
More Information @ http://bit.ly/2vY6FDa
The recent launching of the world’s first hybrid offshore wind system by Dong Energy surely marks a new era in Offshore wind market. The Denmark-based energy giant is planning to integrate a battery system with the company’s 90 MW offshore wind plant, located in Burbo Bank. Reportedly, this is an initiative undertaken as a repercussion to the criticism that renewable power leads to flickering due to disruption in the grid frequency.
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<strong>Offshore</strong> <strong>Wind</strong> <strong>industry</strong> <strong>analysis</strong> <strong>research</strong> <strong>and</strong> <strong>trends</strong><br />
<strong>report</strong> <strong>for</strong> <strong>2017</strong>-<strong>2024</strong>: Fractovia.org<br />
<strong>Offshore</strong> <strong>Wind</strong> <strong>industry</strong> <strong>analysis</strong> is covered in this latest <strong>research</strong> <strong>report</strong> that aims to<br />
help those taking daily business decisions by providing market <strong>trends</strong> in<strong>for</strong>mation,<br />
competitive l<strong>and</strong>scape scenario, <strong>for</strong>ecasts <strong>and</strong> more.<br />
Endorsing its dominance in Europe, offshore wind market has generated quite an<br />
appreciable momentum on a global scale over the recent years. As per the records, in<br />
2016, 88% of the overall offshore wind installations were located across ten European<br />
countries <strong>and</strong> the remaining 12% installations were spread across the U.S., China,<br />
Japan, <strong>and</strong> South Korea belt. This massive expansion of offshore wind power can<br />
certainly be credited to the rising emphasis of both the private <strong>and</strong> the government<br />
entities on energy optimization.<br />
The recently recorded price <strong>trends</strong> of the offshore wind have indeed led to a dynamic<br />
revolution in the global l<strong>and</strong>scape. The Dutch tender <strong>for</strong> Borssele 1 &2 in June 2016<br />
marked this trans<strong>for</strong>mation era with a valuation of €72/MWh. This was trailed by a<br />
Danish tender worth €64/MWh. November <strong>and</strong> December 2016 further registered<br />
these developments with tenders of €49.90/MWh <strong>and</strong> €54.50/MWh by Danish<br />
Krieger’s Flak project <strong>and</strong> Netherl<strong>and</strong>s Borssele 3 & 4 respectively.<br />
Furthermore, the increasing urbanization <strong>and</strong> economic developments which have<br />
subsequently boosted the electricity dem<strong>and</strong> is also playing a major role in fueling<br />
offshore wind market <strong>trends</strong>. Countries are treading toward the deployment of the<br />
renewable energy sources to fulfill their energy needs <strong>and</strong> meet the sustainability<br />
st<strong>and</strong>ards. Sources claim that by 2020, 8-10% of UK’s electricity dem<strong>and</strong> will be<br />
addressed by offshore wind.<br />
Not only the European belt but the other regions as well are actively deploying offshore<br />
wind to meet the energy <strong>and</strong> sustainability st<strong>and</strong>ards. Below is the synopsis of offshore<br />
wind market on a global scale:<br />
• The U.S. offshore wind market is projected to register substantial gains through<br />
<strong>2024</strong>, driven by the strong government initiatives to meet the clean energy<br />
dem<strong>and</strong>s. The country entered the offshore wind <strong>industry</strong> space profoundly post<br />
completing its first offshore wind farm of 30 MW capacity in 2016.<br />
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• In <strong>2017</strong>, the government of Germany in collaboration with the government of<br />
Denmark <strong>and</strong> Belgium stated to integrate 60 GW offshore capacity by 2027. With<br />
such favorable regulatory framework <strong>and</strong> the declining component costs, Germany<br />
offshore wind <strong>industry</strong> is poised to witness remarkable gains over <strong>2017</strong>-<strong>2024</strong>.<br />
• Netherl<strong>and</strong>s offshore wind market is further slated to record remarkable gains over<br />
the coming six years, driven by the strict regulations to meet the energy dem<strong>and</strong>.<br />
The country established its largest offshore farm across North Sea with a capacity<br />
to produce 2.6 TWh of clean energy annually.<br />
• China offshore wind <strong>industry</strong> is set to exceed a capacity target of 12 GW by <strong>2024</strong>,<br />
driven by strict targets pertaining to clean energy consumption <strong>and</strong> generation.<br />
Global <strong>Offshore</strong> <strong>Wind</strong> Market, By Region, 2016 (Cumulative Capex, USD Billion)<br />
Given the developments pertaining to the global offshore wind market, this business<br />
space is ought to witness a fiercely competitive l<strong>and</strong>scape over the years ahead.<br />
Global Market Insights, Inc. estimates offshore wind market to exceed a capacity of<br />
60 GW by <strong>2024</strong>. Some of the renowned names in this <strong>industry</strong> include Siemens,<br />
Senvion, Adwen, Sinovel, MHI Vestas, <strong>and</strong> Doosan Heavy Industries & Construction.<br />
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Report Content Of <strong>Offshore</strong> <strong>Wind</strong> Market:<br />
Chapter 1<br />
Methodology & Scope<br />
1.1 Research Methodology<br />
1.1.1 Initial data exploration<br />
1.1.2 Statistical model <strong>and</strong> <strong>for</strong>ecast<br />
1.1.3 Industry insights <strong>and</strong> validation<br />
1.1.4 Scope <strong>and</strong> assumptions<br />
1.2 Data Sources<br />
1.2.1 Primary<br />
1.2.2 Secondary<br />
Chapter 2<br />
Executive Summary<br />
2.1 <strong>Offshore</strong> <strong>Wind</strong> <strong>industry</strong> 360 0 synopsis, 2013 - <strong>2024</strong><br />
2.1.1 Business <strong>trends</strong><br />
2.1.2 Process <strong>trends</strong><br />
2.1.3 Product <strong>trends</strong><br />
2.1.4 Shelf life <strong>trends</strong><br />
2.1.5 Regional <strong>trends</strong><br />
Chapter 3<br />
<strong>Offshore</strong> <strong>Wind</strong> Industry Insights<br />
3.1 Industry segmentation<br />
3.2 Industry size & <strong>for</strong>ecast, 2013 – <strong>2024</strong><br />
3.3 Industry ecosystem <strong>analysis</strong><br />
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3.3.1 Vendor matrix<br />
3.4 Technology & innovation l<strong>and</strong>scape<br />
3.5 Regulatory l<strong>and</strong>scape<br />
3.5.1 U.S.<br />
3.5.2 China<br />
3.6 Industry impact <strong>for</strong>ces<br />
3.6.1 Growth drivers<br />
3.6.1.1 Increasing adoption of solar panels<br />
3.6.1.2 Government regulations<br />
3.6.1.3 Effective disposal of solar panels<br />
3.6.1.4 Untapped potential<br />
3.6.2 Industry pitfalls & challenges<br />
3.6.2.1 Expensive technology<br />
3.7 Growth potential <strong>analysis</strong><br />
3.8 Porter’s <strong>analysis</strong><br />
3.9 Competitive l<strong>and</strong>scape, 2015<br />
3.9.1 Strategy dashboard<br />
3.10 PESTEL <strong>analysis</strong><br />
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