The detailed report published by Market
Research Future (MRFR) projects that the global Offshore
Wind Market is
marked to exhibit significant expansion at a CAGR of 11.12% during the forecast
period from 2017 to 2023. The global offshore wind market is also anticipated
to reach the market valuation of USD 49,741 Mn by the end of the review period. growing investment for the development
of non-conventional electricity generation by utilizing renewable sources,
increasing preference towards renewable energy sources over non-renewable
sources as a result of rise in
environmental concerns, and increased research activities for the development
of highly durable windmills that require
low maintenance cost are majorly propelling the growth of the global offshore wind market during the
assessment period.
Other factors such as increasing approval
for the installation of wind farms in various region in order to tackle the
major issue of energy crisis by developing alternative energy sources that can
harvest energy through natural elements and rise in concerns regarding the adverse effects caused on the environment due to exploitation of
non-renewable energy sources such as fossil fuels are fueling the growth of the global offshore wind market
Global Offshore Wind Market:
Segmental Analysis
The
global offshore wind market has been segmented on the basis of component type
and location. Based on component type,
the global offshore wind market has been segmented into turbine, substructure, electrical infrastructure, and others. Among
these, the turbine segment commands for the major share of the global offshore wind market as it is the
most important component of the offshore wind farm. Based on location, the
global offshore wind market has been segmented into shallow water (<30m
depth), transitional water (30m-60m depth), and deep water (>60m depth).
Among these, the shallow water (<30m depth) segment commands for the maximum
share of the global offshore wind market. The factors such as easy installation
and maintenance as compared to the other two locations, favorable surrounding
conditions and cost-effective nature are majorly contributing to the growth of the shallow water (<30m depth)
segment in the global offshore wind market during the assessment period.
Global Offshore Wind Market:
Regional Analysis
Geographically, the global offshore wind
market has been segmented into four major regions such as Asia Pacific (APAC),
Europe, North America, and the rest of the world. The Europe region commands
the maximum share of the global offshore wind market during the assessment
period. The factors such as growing investment for the development of
non-conventional electricity generation by utilizing renewable sources,
increasing preference towards renewable energy sources over non-renewable
sources as a result of rise in
environmental concerns, and increased research activities for the development
of highly durable windmills that require
low maintenance cost are majorly propelling the growth of the global offshore wind market in the Europe region. Increasing approval for the
installation of wind farms in various emerging economies in order to tackle the
major issue of energy crisis by developing alternative energy sources that can
harvest energy through natural elements and rise in concerns regarding the adverse effects caused on the environment due to exploitation of
non-renewable energy sources such as fossil fuels are fueling the growth of the global offshore wind market
in the Asia Pacific region.
Global Offshore Wind
Market: Key Players
The key market players
profiled by Market Research Future (MRFR) that are operating in the global
offshore wind market are General Electric (the U.S.), Siemens (Germany),
Doosan Heavy Industries & Construction Co., Ltd (Korea), Vestas Wind
Systems A/S (Denmark), Senvion SA (Luxembourg), ENERCON GmbH (Germany), Suzlon
Group (India), Dong Energy A/S (Denmark), EEW Group (Germany), and Goldwind
Windenergy GmbH (China).
Access Full Report at: https://www.marketresearchfuture.com/reports/offshore-wind-market-3284
About Market Research Future:
At Market Research Future (MRFR), we enable our
customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
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