Global Industrial market was valued at US$ 23.29 Billion in 2016, according to Global Offshore Wind Market Report by Location (Deep-water (depth >60 m), Transitional Water (depth 30-60 m), and Shallow water (depth < 30 m)), by Component (Substructure, Turbine, Electrical Infrastructure, and Others), published by Coherent Market Insights. The offshore wind market is expected to register a CAGR of 15.8% over the forecast period (2017 - 2025) to reach US$ 86.69 billion by 2025.
The major divers propelling the growth of this market include increased demand for electrical energy and increased awareness about the new technologies in the renewable sources of energy. According to the U.S Energy Information Administration, the world energy consumption between the years 2012 to 2040 is expected to grow by 48%. Also in the U.S, out of the total electric energy generation from all sources, around 15% electricity was generated through the renewable sources of energy in 2016.
To know the latest trends and insights prevalent in this market, click the link below:
Browse 250 market data tables* and 50 figures* on "Offshore Wind Market” - Global forecast to 2025.
Key Trends and Analysis of Offshore Wind Market:
Key Takeaways of the Market:
Some of the major companies in the global Offshore Wind market are MHI Vestas, Siemens AG, General Electric, ABB, Ltd., EEW Group, Nexans, and A2SEA A/S.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Email: [email protected]
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.