Offshore Wind Market Size, Growth, Trends, Share and 2023 Forecasts Report

Offshore Wind Market Research Report- Forecast to 2023

Offshore Wind Market Size, Growth, Trends, Share and

2023 Forecasts Report

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Copyright Š 2018 Market Research Future.

Offshore Wind Market Research Report- Forecast to 2023

1 Summary Offshore Winds are steady and have faster speeds resulting in higher & reliable energy generation. The growth in this sector is due to the increasing demand for clean and reliable energy to reduce the global carbon emissions, and to maintain ecological balance by generating electricity through renewable resources. However, high initial capital cost of projects with high maintenance cost and logistics issues, can hinder the offshore wind market. The high tidal winds & bad weather conditions making offshore wind farms difficult for access in the event of problem rectification and preventive maintenance, will restrain the global offshore wind market.

Top Key Players:

The key players of global offshore wind market are General Electric (U.S.), Siemens (Germany), Vestas Wind Systems A/S (Denmark), Senvion SA (Luxembourg), Doosan Heavy Industries & Construction Co., Ltd (Korea), Suzlon Group (India), Dong Energy A/S (Denmark), EEW Group (Germany), ENERCON GmbH (Germany) and Goldwind Windenergy GmbH (China).

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Copyright Š 2018 Market Research Future.

Offshore Wind Market Research Report- Forecast to 2023

2

Market Overview

Global offshore wind market has very broad market in coming recent years. MRFR analysts have predicted that offshore wind industry is about to grow at a rapid pace. Moreover, the economic growth with emissions reduction have given the growth, a momentum. The global offshore wind market is poised to grow over USD 49,741.0 million by 2023 at an estimated CAGR of 11.12% through the forecast period.

Geographically, Asia-Pacific is a major revenue generator to the global offshore wind market, where China, Japan and India are considered as the prominent countries owing to the demand for electricity, rapid urbanization and technological advancements.

Scope of the Report:This study provides an overview of the global offshore wind market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Offshore Wind market by its component type, by location and by region.

By Component Type    

Turbine Substructure Electrical Infrastructure Others

By Location   

Shallow Water (< 30m Depth) Transitional Water (30m – 60m Depth) Deep Water (> 60m Depth)

By Regions    

North America Asia Pacific Europe Rest of the World

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Copyright © 2018 Market Research Future.

Offshore Wind Market Research Report- Forecast to 2023

3 Market Research Analysis The offshore wind market in the Europe region is currently leading and is followed by North-America and Asia-Pacific market. But it is expected that North-America will grow at the highest CAGR, owing to the approval of various offshore wind farm projects in countries such as U.S and Canada, where there has been a substantial investment towards the growth of non-conventional electricity generation. These factors will drive the market for offshore wind market in North American region during the forecast period.

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Copyright Š 2018 Market Research Future.

Offshore Wind Market Research Report- Forecast to 2023

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Copyright Š 2018 Market Research Future.