The global wind turbine installation vessel market will derive growth from recent advancements in the equipment associated with the system. According to a report by Fortune Business Insights, titled “Wind Turbine Installation Vessel Market Size, Share and Global Trend By Construction Type (Foundation, Cable Laying, Others), By Vessel Type (Self-Propelled Jack-up Vessel, Normal Jack-Up Vessel, Heavy-Lift Vessel) and Geography Forecast till 2027,” the market will benefit from the increasing efforts taken to maximize the use of wind energy.
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Some of the leading companies that are operating in the global market are:
- A2SEA A/S
- MPI Offshore
- Olsen Windcarrier
- Jan De Nul Group
- Van Oord
- Jack-Up Barge BV
- Seajacks Ltd.
- Swire Blue Ocean A/S
- Seafox, Gaoh Offshore
- DEME Group
- DNV GL – Maritime
Key Industry Developments:
- May 2019: DEME Offshore secured a contract for the installation of 165 foundations at Orsterd’s Hornsea Two offshore wind farm in the UK.
- Key Market Driver – Rapid installation & persistent development in offshore wind technologies
- Key Market Restraint – Harsh environmental conditions & challenges involved in construction
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The demand for energy has risen dramatically in the past two decades. Depletion of conventional resources have led to a subsequent need for harnessing non-renewable energy. The increasing demand for energy will open up a huge potential for the companies operating in the market. Wind energy is one of the cleanest forms of energy, as a result of which numerous efforts are being taken to maximize its use to generate electricity. Recent advancements in offshore wind energy harnessing have created several opportunities for growth. As a result, there has been a rise in the dramatic rise in the demand for the equipment in the wind turbine installation vessel market.
The report encompasses several factors that have constituted an increase in the wind turbine installation vessel market size in recent years. It highlights leading products in the market and states the impact of major product launches on market growth. The competitive landscape has been discussed in detail. Major companies have been highlighted in the report and predictions have been made with regard to companies that are likely to emerge dominant in the coming years. Additionally, the report segments the market on the basis of various criteria, including construction type, vessel type and regional demographics. It highlights leading elements from each of these criteria.
Key Segmental Overview:
1. By Vessel Type
- Self-Propelled Jack-up Vessel
- Normal Jack-Up Vessel
- Heavy-Lift Vessel
2. By Construction Type
- Cable Laying
3. By Geography
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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Major Table of Content For Wind Turbine Installation Vessel Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Wind Turbine Installation Vessel Market Analysis, Insights and Forecast, 2027
- North America Wind Turbine Installation Vessel Market Analysis, Insights and Forecast, 2027
- Europe Wind Turbine Installation Vessel Market Analysis, Insights and Forecast, 2027
- Asia Pacific Wind Turbine Installation Vessel Market Analysis, Insights and Forecast, 2027
- Middle East and Africa Wind Turbine Installation Vessel Market Analysis, Insights and Forecast, 2027
- Latin America Wind Turbine Installation Vessel Market Analysis, Insights and Forecast, 2027
- Competitive Landscape
- Company Profile
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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