Asia-Pacific Leads in Floating Wind Turbine Market Growth: Insights for 2020-2027
The global floating wind turbine market is heading toward an expansion phase. This is attributed to the surge in demand for renewable power sources across the globe. In addition, a rise in concern from governments across emerging nations, such as China, India, and South Korea, regarding zero-emission norms is expected to drive market growth. The global floating wind turbine market size was valued at $3.2 billion in 2019 and is projected to reach $30.6 billion by 2027, growing at a CAGR of 32.5% from 2020 to 2027. 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://www.alliedmarketresearch.com/request-sample/7963 A floating wind turbine, a type of offshore wind turbine, is supported by a floating foundation where most of the mass is underwater. The mounted structure allows the wind turbine to generate electricity in the water depth where a fixed foundation is not applicable. Floating wind turbine is effective in narrow continental shelf which has an average dept...