Floating Wind Turbine Market to Reach $30.6 Bn, Globally, by 2027 at 32.5% CAGR: Allied Market Research
On the other hand, high installation and maintenance cost curb the growth to some extent.
- On the other hand, high installation and maintenance cost curb the growth to some extent.
- However, advancements in wind turbine structure are expected to create lucrative opportunities for the key players in the industry.\nLimited availability of spares and manpower for maintenance affected the global market for floating wind turbine during the first phase of the lockdown.
- At the same time, the region across Asia-Pacific would register the fastest CAGR of 33.9% from 2020 to 2027.
- This is due torise in concern from governments across emerging nations, such as China, India, and South Korea, regarding zero emission norms.\n'