Global Floating Wind Power market size stood at 0.8 billion during 2021, is set to grow at CAGR of 51.9% with market value reaching USD 33.7 billion by 2030, as per market research report by Acumen Research and Consulting.
Floating wind power is a relatively new technology that is gaining popularity as a way to generate clean, renewable energy. It involves using floating platforms to support wind turbines that are located offshore, typically in deep waters where the wind is stronger and more consistent. The market for floating wind power is expected to grow significantly in the coming years as countries look to reduce their reliance on fossil fuels and transition to more sustainable sources of energy.
Floating wind technology offers several advantages over traditional onshore wind power. For example, floating wind turbines can be placed in deeper waters where wind speeds are higher and more consistent, resulting in higher energy output. In addition, floating wind turbines have a smaller environmental impact compared to onshore wind power, as they do not require land-based infrastructure. This makes them an attractive option for coastal communities that may be concerned about the visual impact of onshore wind farms.
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Dynamics of the Floating Wind Power market
The floating wind power market is growing due to several factors, including:
- Increased awareness and concern about the negative impact of traditional fossil fuel sources on the environment, leading to a shift towards renewable energy sources.
- The development of technology that makes it possible to construct and maintain offshore wind turbines on floating platforms, which allows for the expansion of wind power generation in areas that were previously not suitable for traditional onshore wind farms.
- Government incentives and regulations that support the growth of the floating wind power market, including subsidies and tax breaks for renewable energy projects.
- The increasing cost-competitiveness of floating wind power compared to traditional fossil fuel sources, which makes it a more attractive option for investors and energy consumers.
- The growing demand for electricity in various regions, particularly in developing countries where there is a need for sustainable, reliable, and cost-effective energy sources.
Market Growth Hampering Factors
Despite these positive trends, there are also a number of challenges that the floating wind power market is facing. One of the main obstacles is the high cost of installation and maintenance. Offshore wind turbines are typically more expensive to build and maintain than onshore turbines, and the added costs of using floating platforms can make the technology even more expensive. Additionally, there are also regulatory hurdles to overcome, as many countries have not yet established clear guidelines for the development of offshore wind projects.
Regional Floating Wind Power market overview
The floating wind power market in North America is in its early stages of development, However, there is significant potential for growth in the market. Currently, there are only a few projects in operation, such as the 30 MW Hywind project off the coast of Maine and the 12 MW Deepwater Wind project off the coast of Rhode Island.
The North American floating wind power market is expected to grow significantly in the coming years, as governments and utilities increasingly look to offshore wind as a source of renewable energy. Several large-scale projects are in the planning and development stages, including the 800 MW Mayflower Wind project off the coast of Massachusetts.
The floating wind power market in Asia Pacific is relatively small compared to other forms of renewable energy, such as solar and hydropower. However, the market is expected to grow in the coming years as countries like China, Japan, South Korea and India look to diversify its energy mix and reduce its reliance on coal.
According to the Global Wind Energy Council, China had a total installed floating wind power capacity of just 25 MW in 2020. This is a significant increase from the zero installed capacity in 2019, but it still represents a small fraction of the country's overall wind power capacity, which stood at over 200 GW in 2020.
China has set a target of reaching 5 GW of installed floating wind power capacity by 2025, with a longer-term goal of 30 GW by 2035. To achieve these targets, the government is providing financial support and incentives for the development of floating wind projects.
Some of the key players in the Chinese floating wind power market include China Three Gorges Corporation, China General Nuclear Power Corporation, and China National Offshore Oil Corporation. These companies are working on several offshore wind projects, including the nation's first floating wind farm, which is currently under construction off the coast of Guangdong province. Overall, the future growth of the floating wind power market in China is dependent on the government's continued support and investment in the technology, as well as the development of a strong supply chain and expertise in the sector.
Key Floating Wind Power market players
- Siemens Gamesa Renewable Power Private Limited by Siemens
- Vestas
- Senvion
- MHI Vestas Offshore Wind
- Iberdrola
- EDF
- Ørsted
- EnBW Energie Baden-Württemberg AG
- EDP Renewables
- GE Renewable Energy
- Mitsubishi Heavy Industries
- Goldwind
- Principle Power
- DNV
- Statoil
- BW Ideol
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Offshore Wind Energy Market to grow at a CAGR 19%, market value to reach USD 137 billion by 2030.
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FEB 27, 2020: The global Artificial Intelligence market size is expected to reach USD 390.9 billion by 2025, according to a new report by Grand View Research, Inc.
Advances in image and voice recognition are driving the growth of the regional market.
Rising prominence of artificial intelligence is enabling new players to venture into the market by offering niche application-specific solutions.
Existing solution providers are innovating their product portfolio to include both hardware and software solutions.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/artificial-intelligence-market/request-sampleNorth America held the dominant share in the global AI market in 2018 thanks to the availability of high government funding, presence of leading players, and strong technical base.
Asia Pacific, however, is anticipated to overtake North America to emerge as the leading regional market by 2025, registering the highest CAGR.
This can be attributed to rapid improvements in information storage capacity, high computing power, and parallel processing, all of which have contributed to the swift uptake of artificial intelligence technology in end-use industries such as automotive and healthcare.AI has the potential to reduce the burden on clinicians and provide an efficient tool to workforces for accomplishing their tasks in a better way.
The global Frozen Food Market size is expected to value at USD 360.36 billion by 2024.
The market is subject to witness a substantial growth due to the changing lifestyle patterns, shifting preferences among consumers towards ready-to-cook meals, increasing demand for convenience food, and growing focus towards hygienic food products.
Frozen food products are able to retain maximum vitamins and minerals.The freezing allows longer shelf life for the food products and limits any form of microbial growth that leads to food spoilage.
In addition, increasing penetration by e-commerce retail stores is expected to fuel the growth of frozen food industry in the upcoming years.
Increasing demand form staple food products from developed economies across the globe is propelling market growth as well, in the recent years.
Increasing demand for frozen fruits and vegetables from developed and developing economies is expected to positively affect market performance of frozen food industry in the upcoming years.
The data included in this Plastic Antioxidant Market report provides detailed information of the geographic landscape, competitive scenarios and upcoming opportunities in the Industry.
The inclusion of the statistical records in the Plastic Antioxidant Market report helps in authenticating the results that are being presented and thus provide a clear vision and indication to clients in understanding the response of the participants.
Few of the leading organizations’ names are listed here- BASF, Songwon, Adeka Corporation, Solvay, SI Group, Clariant, Sumitomo Chemical, 3V Sigma S.P.A, Dover Chemical Corporation, Everspring Chemical Co., Ltd.,Ampacet Corporation, A.Schulman, Astra Polymers Compounding Co Ltd., Emerald Performance Materials, Evonik, Lanxess, Milliken & Company The global plastic antioxidant market is expected to reach USD 2.39 billion by 2025, from USD 1.68 billion in 2017 growing at a CAGR of 4.2% during the forecast period of 2018 to 2025.Fill Out Details to Receive Sample Report Copy Here @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-plastic-antioxidant-marketMarket Definition: Global Plastic Antioxidant Market Plastic antioxidants are a class of material which protect plastics from thermally and chemically induced oxidation.
Antioxidants have various physical properties such as excellent tensile strength and anti-ageing with impact resistance.
Owing to various physical properties they are used in various applications such as aerospace, automotive, coil, petrochemicals, and others Market Segmentation:The global plastic antioxidant market is segmented based on reins, antioxidant type, application, and geographical segments.Based on resin, the global plastic antioxidant market is segmented into polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC), and other polymer resins.On the basis of antioxidant type, the global plastic antioxidant market is classified into phenolic antioxidants, phosphite & phosphonite antioxidants, antioxidant blends, and other antioxidantBased on geography, the global plastic antioxidant market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa.
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among otherTop Manufacturers Covered in the Report: Some of the major players operating in the global plastic antioxidant market are – BASF, Songwon, Adeka Corporation, Solvay, SI Group, Clariant, Sumitomo Chemical, 3V Sigma S.P.A, Dover Chemical Corporation, Everspring Chemical Co., Ltd.,Ampacet Corporation, A.Schulman, Astra Polymers Compounding Co Ltd., Emerald Performance Materials, Evonik, Lanxess, Milliken & Company, Omnova Solutions Inc., Oxiris Chemicals S.A., Rifra Masterbatches S.P.A., Wells Plastics Ltd, Sakai Chemical Industry Co., Ltd., Shandong Linyi Sunny Wealth Chemicals Co. Focal points covered in this Plastic Antioxidant Market reportThis Plastic Antioxidant Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns.
The increasing demand for apparel industries owing to the rise in demand for consumers and growth in population is propelling the market growth.Market Size – USD 6.38 Billion in 2018, Market Growth - CAGR of 5.7%, Market Trends – The advent of environment friendly textile dyes.The global Textile Dyes Market is forecast to reach USD 10.13 Billion by 2026, according to a new report by Reports and Data.
Fabrics are dyed either by using dying solution or by printing, using dye pastes.The above-mentioned factors collectively create opportunities for the market growth while factors such as unfavorable effects of textile dyes pose limitations in the market.
Consistent advancements in the dyes market owing to innovative efforts have enhanced the efficiency of textile dyes.To get a sample PDF copy of the report, visit @ https://www.reportsanddata.com/sample-enquiry-form/1848Top Leaders Operating in the Market are:Archroma,Tanatex Dyes,Vipul organics Ltd,DyStar Singapore Private Ltd,Zhejiang Runtu Co. Ltd.,Jihua Group,A Robama,Organic Dyes and Pigments,Huntsman International LLC,and Kiri Industries Ltd,among others.Textile Dyes Market Segmentation:Based on Product Type:CottonViscoseWoolNylonPolyesterAcrylicOthersBased on Application:ApparelsHome TextileIndustrial TextileOtherRequest customization of the report @ https://www.reportsanddata.com/request-customization-form/1848The report talks about the key competitors with regard to their market size, product portfolio, manufacturing and production capacity, profit margins, revenue generation, regional spread, and research and development activities.
The report also discusses in detail the mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, corporate deals, and licensing agreements, and more.
The report provides a comprehensive overview of the competitive landscape and regional spread.The regional analysis offers a complete overview of the regional spread of the market along with production and consumption patterns, import/export, supply and demand dynamics, revenue contribution, trends and demands, and presence of prominent players in each region.Regional Analysis Covers:North America (U.S., Canada, Mexico)Europe (U.K., Italy, Germany, France, Rest of EU)Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)Latin America (Chile, Brazil, Argentina, Rest of Latin America)Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)To know more about the report, visit @ https://www.reportsanddata.com/report-detail/textile-dyes-marketFurther key findings from the report suggestThe polyester segment accounts for a market share of 13.9% in the year 2018.
Polyester is a type of fabric which is extremely difficult to dye since it is a synthetic fabric made from petroleum.
Global Smartphone Market Research Report: By Type (Media-Centric (Music, navigation, Gaming, Camera), Entry Level, Performance), By Input Device (Touchscreen, Keypad), By Operating System (Android, iOS, Windows), By Distribution Channel (OEM, Retailers, e-Commerce) — Forecast till 2025Smartphone Market Highlights The global smartphone market size is expected to grow from USD 520.3 billion in 2018 to USD 2297.8 billion by 2025, at a CAGR of 16.4% during the forecast period.
Increasing use of the Internet and the disposable income in developing regions is expected to drive the smartphone market during the forecast period.By type, the smartphone market has been segmented into media-centric smartphones, entry-level smartphones, and performance smartphones.
The media-centric smartphone segment has been sub-segmented into music smartphones, navigation smartphones, gaming smartphones, and camera smartphones.By operating system, the market has been segmented into Android, iOS, and Windows.By distribution channel, the smartphone market has been segmented into OEM, retailer, and e-commerce.By input device, the smartphone market has been segmented into touch screen and keypad.Get Sample@ https://www.marketresearchfuture.com/sample_request/8165Regional AnalysisThe geographical analysis of the smartphone market has been studied for North America, Europe, Asia-Pacific, and the rest of the world.Asia-Pacific is expected to dominate the smartphone market during the forecast period.
The market in Asia-Pacific has been segmented into China, Japan, India, South Korea, and the rest of Asia-Pacific.
Growing population, rich presence of telecom companies, presence of global mobile manufacturers such as Samsung Electronics Co. Ltd, Xiaomi Corporation, and Sony Corporation among others are expected to drive the smartphone market in Asia-Pacific.The market in North America is expected to witness the highest CAGR during the forecast period.
In North-America, Google LLC, Apple Inc., Microsoft Corporation, and CAT are expected to drive the smartphone market.In terms of market size, Europe is expected to hold the third-largest share in the smartphone market.
