New standards set for Offshore Wind Market grow at a CAGR of 12% over the forecast 2025

Offshore Wind Market

Summary

In this report, the Global Offshore Wind market was valued at USD 22.85 Billion in 2015, and is projected to reach USD 72.18 billion by 2025, growing at a CAGR of 12% over the forecast period.

The continuous growth is attributed to the growing demand for clean energy for protecting the environment and decrease the carbon emissions by generating power from renewable resources. Offshore wind energy forms an integral part of clean energy resources and possess higher capacity factor in comparison to onshore wind. Offshore wind technology includes inshore water areas as well including creeks, lakes, and sheltered coastal areas, utilizing conventional fixed bottom turbine technologies and deep water areas utilize floating turbines.

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Shifting preference of consumers, growing demand for conventional sources of energy and rise in demand for electricity consumption are major drivers of the global offshore wind market. However, less investments and high initial costs tends to hinder the growth over the forecast period. Although, increasing R&D activities in cheaper products has anticipated paving new opportunities for offshore wind market.

This Offshore Wind market research report provides the existing competitive analysis of some of the major players profiled in the market, which includes:

Key Regions for this market: North America, Europe, APAC, Latin America, and the Middle East & Africa.

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The report includes -

Segmentation: Based on component segment, the report includes the revenue, growth rate, and market share, of each type,

Turbine
Substructure
Electrical Infrastructure
On the basis of capacity, the market has been segmented further, and displays growth rate and market share over the forecast period;

Upto 1 MW
1-3 MW
3-5 MW
5 MW and Above
Based on location, the market has been bifurcated into:

Shallow Water
Transitional Water
Deep Water
Overall, this Offshore Wind market research report depicts thorough overview of the market, which, in turn, will help the industry participants, consultants, equipment manufacturers, as well as the existing key players searching for potential growth opportunities and the stakeholders to align their market-centric strategies in view of the on-going and projected trends in the coming years.

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Key questions answered in the report include:

What will the market size and the growth rate by the end of the forecast period?

What are the key industry trends impacting the growth of the market?

What are the key factors driving and restraining the Offshore Windmarket?

What are the challenges to market growth?

What are the market opportunities and threats faced by the key players in the market?

Who are the leading competitors functioning in the market for Offshore Wind?

What are the key outcomes of Porter’s five forces analysis of the Offshore Windmarket?

In the end, The main goal of this research study is to provide a clear picture and a better understanding of the market for Global self driving car sales market report 2018 to the manufacturers, suppliers, and the distributors operational in it. The readers can gain a deep insight into this market from this piece of information that can enable them to formulate and develop critical strategies for the further expansion of their businesses.

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This release was published on openPR.