Offshore Wind Market 2018: Analysis, Top Key Players, Drivers and Trends by Forecast to 2023
Market Highlights World’s First Ever Floating Offshore Wind Farm Started Functioning in Scotland on October 18th 2017 and the already vibrant Global Offshore Wind Market started buzzing more vibrantly. Operated by a Norwegian Company, Statoil, the new five turbine development has a lower costs of installation and will provide enough power for around 20,000 homes, which is expected to bring the energy costs down to 47 to 70 USD per megawatt-hour (MWh) by 2030 and that too with less of an impact on the marine environment. On this account, Market Research Future recently published a deep diving study report titled “Global Offshore Wind Market”. According to which, the Offshore Wind Market is booming and expected to gain further prominence over the forecast period. The market is forecasted to demonstrate an exponential growth by 2023, surpassing its previous growth records in terms of value with a whooping, double digit CAGR of 11.12% during the estimated period (2016 – 2023). Offshore Wind Global Market - Competitive Analysis Characterized by the presence of several well-established and small players, the global Market of Offshore Wind appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing, Technology and services. Vendors operating in the Offshore Wind Market strive to deliver the best quality products and services based on innovative technologies, and best practices. These Key Players make a substantial investment for R&D and to secure a guaranteed resource for the customers. They compete based on pricing, servicing and technology enhanced solutions. Offshore Wind market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/3284 Key Players The key players of global offshore wind market are Siemens AG (Germany), Vestas Wind Systems A/S (Denmark), General Electric Company (U.S),