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Onshore Wind Power Systems Market 2021-2025 | Rising Height & Capacity of Wind Towers to Boost Growth |17000+ Technavio Reports
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Global Offshore Wind Energy Market (2020 to 2026) -
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Global Offshore Wind Energy Market (2020 to 2026) – Featuring Envision Energy, General Electric and Hitachi Among Others
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NEW YORK, July 12, 2021 /PRNewswire/ Rise in wind energy consumption and the decline in LCOE of wind power generation will further boost market growth during the forecast period, says a senior analyst at Technavio.
Technavio offers an up-to-date analysis regarding the current global market scenario and the overall market environment.
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. COVID-19 will have At Par impact on the wind turbine generator market.
The wind turbine generator market in the heavy electrical equipment industry is expected to grow by USD 7.22 billion, progressing at a CAGR of almost 4% during 2020-2024, as per the new report from Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Offshore Wind Turbine Market in Heavy Electrical Equipment Industry to grow by 54975 MT|Technavio
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NEW YORK, July 12, 2021 /PRNewswire/
APAC contributes to the highest incremental growth of 53% to the offshore wind turbine market during the forecast period, as per Technavio.
Eaton Corporation Plc, ENERCON GmbH, and General Electric Co. are the three major market participants for the offshore wind turbine market.
Technavio has announced its latest market research report titled
Offshore Wind Turbine Market by Substructures and Geography - Forecast and Analysis 2020-2024 Government support for wind energy projects and the decline in LCOE for wind power generation will further boost market growth during the forecast period , says a senior analyst at Technavio.