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Download Free sampleThe global Wind Turbine Installation Vessel market was valued at 1320.37 Million USD in 2021 and will grow with a CAGR of 14.03% from 2021 to 2027, based on Research newly published report.
The prime objective of Wind Turbine Installation Vessel Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Wind Turbine Installation Vessel Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Self-propelled jack-up vessel is a vessel specifically designed for the installation of offshore wind turbines. Similar to a jack-up rig it is self-elevating. To enable quick relocation in the wind farm it is self-propelled. It also has a slender ship shaped hull to achieve a quick turnaround time with the vessel carrying several foundations or wind turbines each time. Azimuth thrusters are used to position the vessel during jack-up operations.Besides self-propelled jack-up vessel, heavy lift vessel and other jack-up vessel which is used in wind turbine installation is also discussed as offshore wind turbine installation vessels. And in Wind Turbine Installation Vessel Market , we focus on the service market which is the most important part of the global offshore wind turbine installation vessel market. Europe is estimated to have a major share in the global market with 75%.
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