New York, January 11, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the “Innovation in Capacity and Turbine Control” report to dismantle the APAC offshore wind turbine market to 2025 ”- https: //www.reportlinker. com / p06003984 /? utm_source = GNW
The study offers market size projections for each country, the country’s options and challenges, and strategic information on what OEMs should invest and develop. The research has identified the following market drivers and barriers.
Market drivers: 1. Government regulations and national project plans driving offshore wind turbine plants2.
Growing energy demand pushing for offshore wind power supply3. Adopt energy purchase agreements (PPAs) that affect energy producers to choose renewable energy4. Price reductions in wind turbine prices power demandMarket Restraints: 1. Affordable and lack of a strong supply chain slows down market acceptance2. Slow uptake of clean energy resources in developing countries hinders the growth of the offshore wind market3. COVID-19 delays project installation The research concludes that the biggest challenge for the market is the lack of timely commissioning of projects. Asia-Pacific can lose projects worth hundreds of billions of dollars, regardless of market drivers, trends, government plans, or market demands. Project implementation and commissioning has become something much more valuable than just project design and proposal.
Read the full report: https://www.reportlinker.com/p06003984/?utm_source=GNW
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