According to a market report by Lucintel, the future of the global offshore wind floating substation market looks promising with opportunities in the offshore wind power and offshore oil & gas markets. The global offshore wind floating substation market is expected to grow with a CAGR of 10.2% from 2025 to 2031. The major drivers for this market are the increasing demand for renewable energy, the rising investments in offshore wind energy, and the growing need for grid stability.
A more than 150-page report to understand trends, opportunity and forecast in offshore wind floating substation market to 2031 by type (barge construction and semi-submersible construction), application (offshore wind power, offshore oil & gas, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, semi-submersible construction is expected to witness higher growth over the forecast period.
Within the application category, offshore wind power is expected to witness higher growth.
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In terms of region, APAC is expected to witness the highest growth over the forecast period.
Equinor, Vattenfall, Navantia, BW Ideol, Saipem, Aibel, Linxon, DNV, Tractebel, Petrofac are the major suppliers in the offshore wind floating substation market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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