Offshore Wind Turbine Market Worth $68,869.3 Million by 2026 says P&S Intelligence - Seite 2

The 3 Megawatt (MW)-to-5 MW classification, under the turbine capacity segment, contributes the highest revenue to the offshore wind turbine market, and this situation is predicted to be unchanged in the immediate future. This is because turbines of this power rating have a higher electricity generation capacity, but lower maintenance costs, which is why they are garnering heavy investments from private and public enterprises.

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Asia-Pacific (APAC) would account for a considerable share in the offshore wind turbine market in the years to come because of the high dependence on fossil fuels for electricity. As this has raised air pollution in APAC to alarming levels, governments of regional countries are taking initiatives to generate clean energy, including installing wind towers on seas and lakes. For instance, the Chinese government is targeting a 400 Gigawatts (GW) wind power capacity by 2030, for which several provinces, such as Fujian, Jiangsu, and Guangdong, have already reached their individual targets.

The most prominent firms in the global offshore wind turbine market are Envision Energy, MHI Vestas Offshore Wind A/S, Nordex SE, Ocean Breeze Energy GmbH & Co. KG, Nexans S.A., Sinovel Wind Group Co. Ltd., Ørsted A/S, Xinjiang Goldwind Science Technology Co. Ltd., Mingyang Smart Energy Group Co. Ltd., General Electric Company, and Siemens Gamesa Renewable Energy S.A.

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