What's driving the offshore wind energy market trends? Top key players are ENERCON, Vestas, GE, Nordex Group, Siemens Gamesa, Goldwind, Suzlon Group, WEG, LM Wind Power, Prysmian Group, General Cable, Nexans, Southwire Company, Envision Energy, Wobben Win

Offshore wind energy market is gaining exceptional traction from the tech behemoths showing their interests in harnessing clean energy. Microsoft, for instance, has recently signed an agreement with GE to purchase electricity from its wind farm and power its cloud data centers in Ireland. The Silicon Valley bigshots Apple & Facebook are already in this league harnessing clean power and pledging its operations to be 100% from the renewable energy sources. Moreover, Google in the year 2010 has also thrown its financial clout behind new wind farms off the U.S East Coast.

Owing to the aforementioned statistics and the construction of several wind energy projects that are currently in the pipeline, the nation was placed at the third position globally in terms of offshore wind capacity at the end of 2017 by the Global Wind Energy Council. Consequentially, it is quite prudent to state that China is one of the most prominent revenue pockets for the international firms partaking in offshore wind energy market.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. ENERCON
2. Vestas
3. GE
4. Nordex Group
5. Siemens Gamesa
6. Goldwind
7. Suzlon Group
8. WEG
9. LM Wind Power
10. Prysmian Group
11. General Cable
12. Nexans
13. Southwire Company
14. Envision Energy
15. Wobben Windpower

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The global offshore wind energy market has been ablaze with a number of projects that have lately commenced power production. Recently, for instance, following the installation of its first 7 MW turbines, Scotland's biggest offshore wind farm has sent power to the National Grid for the first time towards the end of July 2018. The whole project is scheduled for completion by spring of 2019, and is expected to generate enough power to supply the equivalent of 450,000 households.

Considering the above-mentioned instances, there is no doubt that the fledging offshore wind energy industry is finally reaching maturity, promising gigawatts of reliable and clean energy and billions in economic and investment opportunities. In fact, wind is touted as one of the fastest-growing renewable energy sources in the world and has become a viable electricity generating source in more than 80 countries worldwide. Analysts deem that the developments in technology have paved the way for more reliable and effective equipment and machinery, which has resulted in the growth of the global offshore wind energy market.

Concurrently, high costs of solar equipment and growing electricity prices have been instrumental in boosting the growth prospects of offshore wind energy market in India. Endowed with an enormous coastline of 7,517 km, the country has an estimated offshore wind power potential of 127 GW mostly off the coasts of Maharashtra, Gujarat, and Tamil Nadu, according to trusted reports. Taking the first major step towards constructing offshore wind projects on a large scale, the National Institute of Wind Energy has recently sought expressions of interest from international wind energy firms to build an offshore wind project in the Gulf of Khambat, off the coast of Gujarat. With an installed capacity of around 1 GW, the project is anticipated to optimistically impact the offshore wind energy industry trends in the nation.

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