Research and Markets Announce Global Offshore Wind Turbine Market 2010-2014

March 18, 2011

Research and Markets has announced the addition of the “Global Offshore Wind Turbine Market 2010-2014” report to their offering.

The offshore wind market has been steadily growing across regions. European countries such as Denmark and UK have been leading the market with China fast catching up. In 2010, U.S. government approved the long pending installation of offshore wind turbines which will mark the country’s entry into the Offshore Wind Turbine market.

Increasing oil prices and an ever growing focus on emission reduction have been key drivers for this market. However the complex technology involved coupled with high installation costs continue to be challenges for the growth of this market.

TechNavio’s Global Offshore Wind Turbine Market 2010-2014 report has been prepared based on an in-depth study of the market along with inputs from various experts. The report contains market and vendor landscape supported by drivers, restraints and trends. It also contains an analysis of key vendors in the market.

The report covers the emergence and growth of the global offshore wind turbine market. It also covers key vendors.

Constant increases in crude oil prices have been pushing consumers to opt for alternate sources like offshore wind electricity. With oil prices expected to keep increasing, the market for alternate fuels has opened up considerably. Since wind is the most freely available energy resource, it is becoming immensely popular. Moreover wind energy prices are comparatively stable and the energy itself is considered stable and safe. Thus more and more utility providers have been moving to offshore wind electricity.

Offshore wind electricity has been aiding in the reduction of carbon emissions. With Governments such as the United States and Europe setting up emission reduction mandates, adoption of alternative energy has gone up. With the power consumption growing at the rate of 2-3 percent annually several countries around the world are encouraging more offshore wind generation projects along with other renewables.

TechNavio has published a report on this subject titled Global Offshore Wind Turbine Market 2010 -2014. This report has been prepared based on a study of offshore wind turbine industry across regions. Inputs from industry experts, vendors and end-users were used in the analysis. The report includes a market size estimate and forecast, market landscape based on segments along with trends, challenges and drivers.

Key Topics Covered:

* Executive Summary

* Introduction

* Market Landscape

* Vendor Landscape

* Market Growth Drivers

* Challenges

* Market Trends

* Key Vendor Analysis

* Siemens

* Vestas

* AREVA