Global Offshore Wind Energy Market surging at a CAGR of 15.88% by 2025 Siemens, MHI Vestas, ABB, General Electric, EEW Group, A2Sea, Nexans, Adwen Offshore, Statoil, Orsted, Senvion, Sinovel, Petrofac, Vestas Wind Systems, Goldwind Science and Technology

Global Offshore Wind Energy Market is projected to grow at a CAGR of 15.88% by 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.
Key Players profiled in this report: Siemens, MHI Vestas, ABB, General Electric, EEW Group, A2Sea, Nexans, Adwen Offshore, Statoil, Orsted, Senvion, Sinovel, Petrofac, Vestas Wind Systems, Goldwind Science and Technology, Gamesa Corporacion Technologica, Dong Energy, Suzlon, Nordex, China Ming Yang Wind Power, Alstom Energy, Areva Wind, Clipper Wind Power, Doosan Heavy Industries, Construction
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players
This report focuses on the Offshore Wind Energy in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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The global market is witnessing a significant growth due to rising energy demand coupled with increasing share of renewables in the power generation mix, energy efficiency mandates demanding carbon emission reduction, and government incentives supporting renewable energy deployment.
The increasing use of renewable energy for power generation mix continues to have a positive impact on the global offshore wind energy market. Today, the offshore wind energy sector has evolved to generate electricity, with the help of wind turbines taking off a significant load from conventional sources of energy.
Europe accounted for more than 90% share of the total revenue in 2017, followed by Asia-Pacific. The developing countries in Asia-Pacific are anticipated to register steady growth rate, owing to increase in growth of the overall economy.

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