United Kingdom Offshore Wind Turbine market – Government initiatives and investments, coupled with the growth in green hydrogen production, are expected to drive the UK market during the forecast period from 2024 to 2028.
According to TechSci Research report, “United Kingdom Offshore Wind Turbine Market– By Region, Competition, Forecast & Opportunities, 2018-2028F”, the United Kingdom Offshore Wind Turbine Market is anticipated to register a robust growth during the forecast period 2024-2028. The primary driver for the market includes government efforts to have a low-cost, sustainable, and cleaner form of energy and thereby to have control over the growing carbon emissions. However, inadequate land masses available to install renewable facilities, including wind farms, is likely to hinder the market growth during the forecast period.
The UK is the biggest global player in offshore wind, with a present installed base of approximately 8 GW enough electricity to power 7 million homes and another 7 GW committed for construction. The UK is poised to continue expanding in offshore wind, thanks to the government’s commitment to increase the nation’s offshore wind energy generation to at least 30 GW by 2030. In addition, more than 30 additional wind farms and related projects are already in planning or development to help meet those ambitious goals.
In addition, as part of a “Sector Deal” between the offshore wind industry and the government, the UK government developed a long-term plan to supply at least one-third of the nation’s electricity from offshore wind in order to significantly increase the country’s affordable energy supply while reducing carbon emissions. Also, the UK may set a “net zero” emissions target for 2050, making it the first major economy to do so.
For instance, through partnerships with local players in innovation, research & development to test offshore wind turbine nacelles and blades, developing local SMEs, and accrediting potential local Haliade-X 12 MW suppliers for projects in the UK and around the world, GE Renewable Energy is investing nearer to USD 16.36 million, primarily in the UK.
Advanced test and demonstration programmes are being used by GE Renewable Energy to test their Haliade-X 12 MW technology as part of a partnership with Offshore Renewable Energy (ORE) Catapult. By decreasing the time workers spend at sea and concentrating on design dependability, remote operability, and robotics for planned maintenance, the company is also focusing on measures to lower the operational costs of offshore wind.
As a result, the demand for offshore wind turbines is likely to expand during the forecast period.
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United Kingdom offshore wind turbine market is segmented into installation type, turbine capacity and region. Based on installation type, the market is segmented into fixed and floating. Based on turbine capacity, the market is segmented into Up to 3 MW, 3 MW to 5 MW, More than 5 MW. Based on region, the market is segmented into England, Scotland, Wales, and Northern Ireland.
Based on installation type, fixed segment is dominating in the United Kingdom offshore wind turbine market because fixed installation type provides better strength and durability and can also be installed far from shore. Additionally, various research & developments are also on the go in the United Kingdom offshore wind turbine market to incorporate technologies such as the Internet of things (IoT) in fixed offshore wind turbines to increase sales and make purchases more affordable.
Based on turbine capacity, >5MW is dominating in the United Kingdom offshore wind turbine market because offshore wind turbine with exhibiting power >5MW is majorly used for heavy industrial applications and power generation, including chemical, pharmaceutical, and other heavy industries. In addition, large-scale wind farms are used to provide power supply to various utilities through grid support and these wind farms installations are of capacity >5MW.
Major market players operating in the United Kingdom offshore wind turbine market are:
- Innogy Renewables UK
- Nordex SE
- Iberdrola, S.A.
- Siemens Gamesa Renewable Energy
- Scottish and Southern Energy plc
- GE Renewable Energy
- Enercon GmbH
- EDF Renewables UK
- Orsted Power (UK) Limited
- Vattenfall AB.
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“The market for offshore wind turbines in the United Kingdom is forecasted to expand significantly over the course of the projected period due to the rising demand for clean energy, increased focus on reducing carbon emissions, and the encouragement of environmental conservation. Offshore wind turbines are being built swiftly and are showing strong growth because the United Kingdom is a pioneer in offshore wind technology and offshore wind farm construction.
Additionally, it is anticipated that initiatives to improve electrical infrastructure and power generation, will enhance the demand for offshore wind turbines in the United Kingdom.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“United Kingdom Offshore Wind Turbine Market By Installation Type (Fixed, Floating), By Turbine Capacity (Up to 3 MW, 3 MW to 5 MW, More than 5 MW), By Region, Competition Forecast & Opportunities, 2028F”, has evaluated the future growth potential of United Kingdom Offshore Wind Turbine Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United Kingdom offshore wind turbine market.
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