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Technavio Research: Global Floating Wind Turbine Market | 582 MW Growth During 2020-2024 | Technavio
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Technavio has announced its latest market research report titled Global Floating Wind Turbine Market 2020-2024 (Graphic: Business Wire)
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Favorable government regulations for floating wind is one of the major factors propelling market growth. However, factors such as competition from alternative technologies may hamper growth.
More details: https://www.technavio.com/report/floating-wind-turbine-market-industry-analysis
Floating Wind Turbine Market: Foundation Landscape
Based on the foundation, the spar-buoy segment led the market in 2019. Spar-buoy foundation has a simple design that is amenable to the serial fabrication process, which is one of the key factors driving the segmen
Floating Wind Turbine Market: Foundation Landscape
Based on the foundation, the spar-buoy segment led the market in 2019. Spar-buoy foundation has a simple design that is amenable to the serial fabrication process, which is one of the key factors driving the segment growth. The market growth in the segment will be significant over the forecast period.
Floating Wind Turbine Market: Geographic Landscape
By geography, Europe is going to witness lucrative growth during the forecast period. About 58% of the market’s overall growth is expected to originate from Europe. Rising investments in floating offshore wind plants in countries such as France, Norway, and Portugal are driving the growth of the market in Europe. The UK, Portugal, Norway, and France are the key markets for floating wind turbines in Europe.