(MENAFN- America News Hour) The
average rate of growth of energy consumption had almost doubled since 2010 and
grew by 2.3% in 2018.
CRIFAX added a report on ''Global Nacelle for Off-shore Wind Power Market, 2020-2028'' to its
database of market research collaterals consisting of overall market scenario
with prevalent and future growth prospects, among other growth strategies used
by key players to stay ahead of the game. Additionally, recent trends, mergers
and acquisitions, region-wise growth analysis along with challenges that are
affecting the growth of the market are also stated in the report.
On the
back of growing population and economic development around the world combined
with rising energy demand among residential, commercial and public services,
and transport sector, the global Nacelle for Off-shore Wind Power market is
estimated to witness exuberant growth over the forecast period, i.e.,
2020-2028. According to IEA (International Energy Agency), the worldwide energy
demand grew by 4% (900TWh) in 2018. In the same year, the estimation of total
electricity production across the globe was attained through coal and natural
gas, with coal contributing to 25.6% and natural gas with 27.9% of the total
production. Additionally, there is a rising demand for clean, sustainable and
eco-friendly energy generation due to increased concerns pertaining to rise in
CO2 emissions from energy generation.
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With the rapid growth of industrial and
residential sector and increase
in demand for heating and cooling from among the global population due to
climate change, heavy demand for electricity has arisen from across
almost every region in the world which is estimated to increase the demand for
energy and contribute to the growth of the market over the forecast period (2019-2028).
International Energy Agency (IEA) had stated in its report that the average
growth rate of energy consumed globally grew by 2.3% in 2018 and had almost
doubled since 2010. It also states that the worldwide energy demand grew by 4%
(900 TWh) in 2018. Industrial segment consumed highest amount of energy of
about 8945 TWh in 2017 as compared to 8699 TWh in 2016. Additionally,
residential sector consumed about 5775 TWh in 2017 as compared to 5680 TWh of
energy in the year 2016. Moreover, CO2 emissions arising from production of
energy had registered an increase of 1.7% with emission levels of CO2 reaching
33 Gigatonnes.
Several sectors have witnessed high levels of energy consumption globally, with the industrial segment consuming the highest of about 8945 TWh in the year 2017 as compared to 8699 TWh of energy consumed in 2016.). Moreover, International Energy Agency (IEA) had also mentioned in its report that in 2018, the average growth rate of energy consumption had almost doubled since 2010 and grew by 2.3% in 2018. Additionally, CO2 emission levels arising from production of energy had recorded an increase of 1.7% reaching about 33 Gigatonnes. Many governments across the world have introduced stringent policies and regulations for reducing carbon emissions that is destroying the environment.
Nacelle for Off-shore Wind Power Market competition by top manufacturers/ Key player Profiled:
- Siemens
- MHI Vestas
- Senvion
- AREVA
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To provide better understanding of internal and external
marketing factors, the multi-dimensional analytical tools such as SWOT and
PESTEL analysis have been implemented in the global Nacelle for Off-shore Wind Power
market report. Moreover, the report consists of
market segmentation, CAGR (Compound Annual Growth Rate), BPS analysis, Y-o-Y
growth (%), Porter''s five force model, absolute $ opportunity and anticipated
cost structure of the market.
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michael
Michael is a freelance writer with high proficiency for technical content writing. He loves to write on recent trends and developments taking place across industries owing to his keen interest for research. He has strong professional skill required to conduct in-depth industry analysis in addition to several other subject areas such as working on new innovations and technology, strategic planning, business strategies and market research. Further, my major areas of interest are on subjects such as ICT, energy and power, and healthcare.
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