Global Offshore Wind Energy Market to Grow as Renewable Energy Platforms Gain Popularity

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Offshore Wind Energy Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2014 - 2022

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Offshore Wind Energy Market Overview

• As Scandinavia starts operations of its largest
  offshore wind farm, the entire Europe is hailing
  the efforts of the region to fortify the domain
  of renewable energy. The global offshore wind
  energy market is expected to become a haven of
  lucrative possibilities in the years to follow.
• The presence of a seamless energy sector is
  bolstering demand within this market. A number of
  research studies predict complete overhauling of
  the energy industry in the years to come.
• Wind energy is amongst the most sought-after
  avenues within the renewable energy industry.
  Fossil fuel reserves have been diminishing over
  the past decade, and there is high probability of
  these resources running out in the future. Hence,
  energy scientists are intending to make a shift
  from non-renewable energy generation to renewable
  modules.
• The need to decrease the reliance of the masses
  on non-renewable energy sources requires
  development of renewable energy platforms such as
  wind and solar energy plants. The abundant
  availability of wind power and robust
  infrastructure for developing offshore wind
  plants has created new opportunities within the
  market.

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Logistical Favourability of Developing Offshore
Wind Energy Plants

• Turbines and other components used across
  offshore wind farms are transported via barges
  and ships. This eliminates logistical problems
  that arise while transporting components via
  roadways or tunnels.
• This factor has accelerated the pace of growth
  within the global offshore wind energy market.
  Furthermore, logistical favourability ensures
  reduced cost of development for wind farms.
• Offshore wind energy plants are being inducted
  with key technologies that can help in mitigating
  the challenges that come while working near bays
  and seas.
• This factor has compelled the market vendors to
  pull up their socks for better and faster
  operations. Key challenges faced by the U.S.
  offshore wind energy industry are duly addressed
  by the U.S. Department of Energy (DOE).

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Infrastructural Developments across Wind Farms

• Suzlon, China Ming Yang Wind Power
• Nordex, GE Wind Energy
• Dong Energy, Sinovel Win
• Siemens, Gamesa,
• Vestas 

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