Offshore Wind Energy (Market) Industry Explores New Markets across the Globe

According to a new report published by Allied Market Research, titled, "Offshore Wind Energy Market: Global Opportunity Analysis and Industry Forecast, 2017-2023," the 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.

The demand for renewable sources of energy is increasing, owing to less prevalence of environmental hazards and efficient outputs. Thus, increase in demand for efficient and cost-effective power generation techniques, such as offshore wind energy, poses lucrative opportunities for players in the global offshore wind energy market.

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.

Have any Query? Ask Our Experts: https://www.alliedmarketresearch.com/request-sample/2215?utm_source=OPR_V

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.

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.

The major companies profiled in the report include 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, and China Ming Yang Wind Power Group Limited.

For Purchase Report Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2215?utm_source=OPR_V

List of Tables:

TABLE 1. GLOBAL OFFSHORE WIND ENERGY MARKET VOLUME, BY REGION, 2016-2023 (MEGAWATTS)
TABLE 2. GLOBAL OFFSHORE WIND ENERGY MARKET VALUE, BY REGION, 2016-2023 ($)
TABLE 3. NORTH AMERICA OFFSHORE WIND ENERGY MARKET VALUE, 2016-2023 ($)
TABLE 4. NORTH AMERICA OFFSHORE WIND ENERGY MARKET VOLUME, 2016-2023 (MEGAWATTS)
TABLE 5. NORTH AMERICA OFFSHORE WIND ENERGY MARKET VALUE, BY COUNTRY, 2016-2023 ($)
TABLE 6. NORTH AMERICA OFFSHORE WIND ENERGY MARKET VOLUME, BY COUNTRY, 2016-2023 (MEGAWATTS)
TABLE 7. U.S. OFFSHORE WIND ENERGY MARKET VALUE, 2016-2023 ($)
TABLE 8. U.S. OFFSHORE WIND ENERGY MARKET VOLUME, 2016-2023 (MEGAWATTS)
TABLE 9. EUROPE OFFSHORE WIND ENERGY MARKET VALUE, 2016-2023 ($)
TABLE 10. EUROPE OFFSHORE WIND ENERGY MARKET VOLUME, 2016-2023 (MEGAWATTS)
TABLE 11. EUROPE OFFSHORE WIND ENERGY MARKET VALUE, BY COUNTRY, 2016-2023 ($)
TABLE 12. EUROPE OFFSHORE WIND ENERGY MARKET VOLUME, BY COUNTRY, 2016-2023 (MEGAWATTS)
TABLE 13. GERMANY OFFSHORE WIND ENERGY MARKET VALUE, 2016-2023 ($)
TABLE 14. GERMANY OFFSHORE WIND ENERGY MARKET VOLUME, 2016-2023 (MEGAWATTS)
TABLE 15. BELGIUM OFFSHORE WIND ENERGY MARKET VALUE, 2016-2023 ($)
TABLE 16. BELGIUM OFFSHORE WIND ENERGY MARKET VOLUME, 2016-2023 (MEGAWATTS)
TABLE 17. UK OFFSHORE WIND ENERGY MARKET VALUE, 2016-2023 ($)
TABLE 18. UK OFFSHORE WIND ENERGY MARKET VOLUME, 2016-2023 (MEGAWATTS)
TABLE 19. DENMARK OFFSHORE WIND ENERGY MARKET VALUE, 2016-2023 ($)
TABLE 20. DENMARK OFFSHORE WIND ENERGY MARKET VOLUME, 2016-2023 (MEGAWATTS)
TABLE 21. NETHERLANDS OFFSHORE WIND ENERGY MARKET VALUE, 2016-2023 ($)
TABLE 22. NETHERLANDS OFFSHORE WIND ENERGY MARKET VOLUME, 2016-2023 (MEGAWATTS)
TABLE 23. REST OF EUROPE OFFSHORE WIND ENERGY MARKET VALUE, 2016-2023 ($)
TABLE 24. REST OF EUROPE OFFSHORE WIND ENERGY MARKET VOLUME, 2016-2023 (MEGAWATTS)
TABLE 25. ASIA-PACIFIC OFFSHORE WIND ENERGY MARKET VALUE, 2016-2023 ($)
TABLE 26. ASIA-PACIFIC OFFSHORE WIND ENERGY MARKET VOLUME, 2016-2023 (MEGAWATTS)
TABLE 27. ASIA-PACIFIC OFFSHORE WIND ENERGY MARKET VALUE, BY COUNTRY, 2016-2023 ($)
TABLE 28. ASIA-PACIFIC OFFSHORE WIND ENERGY MARKET VOLUME, BY COUNTRY, 2016-2023 (MEGAWATTS)
TABLE 29. CHINA OFFSHORE WIND ENERGY MARKET VALUE, 2016-2023 ($)
TABLE 30. CHINA OFFSHORE WIND ENERGY MARKET VOLUME, 2016-2023 (MEGAWATTS)
TABLE 31. JAPAN OFFSHORE WIND ENERGY MARKET VALUE, 2016-2023 ($)
TABLE 32. JAPAN OFFSHORE WIND ENERGY MARKET VOLUME, 2016-2023 (MEGAWATTS)
TABLE 33. KOREA OFFSHORE WIND ENERGY MARKET VALUE, 2016-2023 ($)
TABLE 34. KOREA OFFSHORE WIND ENERGY MARKET VOLUME, 2016-2023 (MEGAWATTS)
TABLE 35. REST OF ASIA-PACIFIC OFFSHORE WIND ENERGY MARKET VALUE, 2016-2023 ($)
TABLE 36. REST OF ASIA-PACIFIC OFFSHORE WIND ENERGY MARKET VOLUME, 2016-2023 (MEGAWATTS)
TABLE 37. LAMEA OFFSHORE WIND ENERGY MARKET VALUE, 2016-2023 ($)
TABLE 38. LAMEA OFFSHORE WIND ENERGY MARKET VOLUME, 2016-2023 (MEGAWATTS)
TABLE 39. LAMEA OFFSHORE WIND ENERGY MARKET VALUE, BY COUNTRY, 2016-2023 ($)
TABLE 40. LAMEA OFFSHORE WIND ENERGY MARKET VOLUME, BY COUNTRY, 2016-2023 (MEGAWATTS)
TABLE 41. BRAZIL OFFSHORE WIND ENERGY MARKET VALUE, 2016-2023 ($)
TABLE 42. BRAZIL OFFSHORE WIND ENERGY MARKET VOLUME, 2016-2023 (MEGAWATTS)
TABLE 43. SEIMENS WIND POWER: COMPANY SNAPSHOT
TABLE 44. SEIMENS WIND POWER: OPERATING SEGMENTS
TABLE 45. VESTAS WIND SYSTEMS A/S: COMPANY SNAPSHOT
TABLE 46. VESTAS WIND SYSTEMS A/S: OPERATING SEGMENTS
TABLE 47. GOLDWIND SCIENCE AND TECHNOLOGY CO. LTD.: COMPANY SNAPSHOT
TABLE 48. GOLDWIND SCIENCE AND TECHNOLOGY CO. LTD.: OPERATING SEGMENTS
TABLE 49. GAMESA CORPORACION TECHNOLOGICA SA: COMPANY SNAPSHOT
TABLE 50. GAMESA CORPORACION TECHNOLOGICA SA: OPERATING SEGMENTS
TABLE 51. GE WIND ENERGY: COMPANY SNAPSHOT
TABLE 52. GE WIND ENERGY: OPERATING SEGMENTS
TABLE 53. SINOVEL WIND GROUP CO. LTD.: COMPANY SNAPSHOT
TABLE 54. SINOVEL WIND GROUP CO. LTD.: OPERATING SEGMENTS
TABLE 55. DONG ENERGY A/S: COMPANY SNAPSHOT
TABLE 56. DONG ENERGY A/S: OPERATING SEGMENTS
TABLE 57. SUZLON GROUP: COMPANY SNAPSHOT
TABLE 58. SUZLON GROUP: OPERATING SEGMENTS
TABLE 59. NORDEX SE: COMPANY SNAPSHOT
TABLE 60. NORDEX SE: OPERATING SEGMENTS
TABLE 61. CHINA MING YANG WIND POWER GROUP LIMITED: COMPANY SNAPSHOT
TABLE 62. CHINA MING YANG WIND POWER GROUP LIMITED: OPERATING SEGMENTS

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

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.