Global Offshore Wind Energy Market to reach USD 69.63 billion by 2025.

Global Offshore Wind Energy Market valued approximately USD 18.48 billion in 2016 is forecasted to grow with a healthy growth rate of more than 15.88% over the forecast period 2018-2025. The major factors speculated to augment the markets are government initiatives to reduce carbon footprint and rising need for renewable energy for power generation. Cost of energy and high capital investment are restraining the growth rate of the market.

Growing research & development expenditure and innovative technological advancement in offshore wind components is a prime opportunity for growth in the market. Offshore Wind Energy is the use of wind farms to harvest wind energy to generate electricity. They are mostly constructed in bodies of water, frequently in the ocean on the continental shelf. Offshore wind energy forms an essential part of the clean energy resources and has a higher capacity factor as contrasted to the onshore wind energy.

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The regional analysis of Global Offshore Wind Energy Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share. Whereas, owing to countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate / CAGR over the forecast period 2018-2025.

The detailed segments and sub-segment of the market are explained below:
By Type:
• Turbine
• Substructure
• Electrical Infrastructure
• Others

By Location:
• Transitional Water
• Shallow Water
• Deep Water
• Others

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By Regions:
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Rest of the World

The industry is seeming to be fairly competitive. Some of the leading market players include: GE Renewable Energy, MHI Vestas, Statoil, Siemens Gamesa, Adwen Offshore Inc., Orsted, Senvion, Petrofac Inc., ABB ltd., Sinovel, Nexans, EEW Group, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.

Some of the points from Global Offshore Wind Energy Market Research Report are
Chapter 1. Global Offshore Wind Energy Market Definition & Scope
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Global Offshore Wind Energy Market Dynamics
Chapter 5. Global Offshore Wind Energy Market by Component
Chapter 6. Global Offshore Wind Energy Market by Location
Chapter 7. Global Offshore Wind Energy Market, Regional Analysis
Chapter 8. Competitive Intelligence

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