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Fixed Offshore Wind Energy Market Share

Report ID: GMI9493
Published Date: May 2024
Report Format: PDF

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Fixed Offshore Wind Energy Market Share

Fixed Offshore Wind Energy Market Company Share

Collaboration between governments, industry stakeholders, research institutions, and financial institutions has been the epicenter driving the offshore wind energy economy. Public-private partnerships, joint ventures, and consortia facilitate knowledge sharing, technology transfer, and project financing, further support to overcome barriers and accelerate offshore wind development. Intense competition among wind turbine manufacturers motivates continuous innovation and differentiation through component development. Manufacturers strive to differentiate their products by offering unique features, performance advantages, and cost effectiveness.

Fixed Offshore Wind Energy Market Companies

Eminent players operating in the industry are:

Prysmian Group
Nexans
Sumitomo Electric Industries, Ltd.
Southwire Company, LLC
LS Cable & System Ltd.
FURUKAWA ELECTRIC CO., LTD
IMPSA
ENESSERE S.r.l.
Vestas
General Electric
Goldwind
Siemens Gamesa Renewable Energy

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

Market size for fixed offshore wind energy was valued USD 16.7 billion in 2023 and is anticipated to grow at 15.6% CAGR through 2032, owing to the rising adoption of clean energy sources.

The horizontal segment in the fixed offshore wind energy market will grow significantly from 2024-2032, owing to high efficiency in capturing wind energy, maximizing the energy capture, and enhancing the overall turbine performance.

Europe market is anticipated to exceed USD 56.4 billion by 2032, attributed to the establishment of renewable energy targets and policy frameworks.

Prysmian Group, Nexans, Sumitomo Electric Industries, Ltd., Southwire Company, LLC, LS Cable & System Ltd., FURUKAWA ELECTRIC CO., LTD, IMPSA, ENESSERE S.r.l., Vestas, General Electric, Goldwind and Siemens Gamesa Renewable Energy.