Offshore Wind Energy Market to Reach $11,334 Thousand by 2023 | Top Key Players are Siemens Wind Power, Vestas Wind Systems A/S, Goldwind Science and Technology , GE Wind Energy

Offshore Wind Energy Market was valued at $2,727 thousand in 2016, and is projected to reach at $11,334 thousand by 2023, growing at a CAGR of 19.4% from 2017 to 2023.

Get Discount UP To 25% on this Report * Offer Till 31st Dec 2018 : https://www.alliedmarketresearch.com/request-sample/2215?utm_source=OpenPR_ST

Offshore wind energy is one of the most effective and robust sources of energy, which helps in the reduction of CO2 emissions and thus replace fossil fuels. Similar to land-based wind technologies, offshore wind makes use of wind turbines to generate electricity, which is delivered to the shore through an export cable. The main advantage of installing offshore wind energy is the consistent and stronger winds, which blow offshore allowing the use of larger horizontal turbine blades.

Rise in the demand for electricity and preference toward the use of renewable sources of electricity present numerous opportunities for market expansion. Moreover, increase in investments by governments and usage of offshore wind energy as substitutes to reduce greenhouse emissions are further anticipated to boost the overall growth of the market. However, high costs associated with initial installations and infrastructure of expensive components are expected to hamper the overall industry growth.

Get More Information: https://www.alliedmarketresearch.com/purchase-enquiry/2215?utm_source=OpenPR_ST

Key Findings of the Offshore Wind Energy Market

•North America is anticipated to grow at the highest CAGR during the analysis period.
•Europe is projected to maintain its lead position from 2017 to 2023, growing at a CAGR of 14.1%, in terms of capacity.
•UK accounted for almost one-third of the global market in 2016.
•China occupied around one-ninth share of the global offshore wind energy market in 2016.
•In terms of value, Denmark is expected to grow at a significant CAGR of 13.5% during the forecast period.

In 2015, Europe accounted for the maximum share of the global market, in terms of volume, and is expected to continue this trend, owing to increase in urbanization, specifically in Denmark, Belgium, and the Netherlands. Moreover, rise in urban population with increased per capita disposable income and growth in overall demand for renewable energy sources drive growth of the European market.

Key Players
•Siemens Wind Power
•Vestas Wind Systems A/S
•Goldwind Science and Technology Co. Ltd.
•Gamesa Corporacion Technologica SA
•GE Wind Energy
•Sinovel Wind Group Co. Ltd.
•Dong Energy A/S
•Suzlon Group
•Nordex SE
•China Ming Yang Wind Power Group Limited

Access Full Summary at: https://www.alliedmarketresearch.com/offshore-wind-energy-market?utm_source=OpenPR_ST

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.