At a CAGR of 14.21%, Global Offshore Wind Market is expected to record a value of US$51.75 billion in 2024 | Siemens, ABB, Vestas, Nexans, EEW Group

The global offshore wind market is expected to record a value of US$51.75 billion in 2024, increasing at a CAGR of 14.21%, for the duration spanning 2020-2024. The factors such as rising penetration of offshore wind power, growing electricity demand, improvement in capacity factor, rising renewable energy consumption and escalating number of offshore wind farms would drive the growth of the market. However, the market growth would be challenged by foundations and transition piece challenges, development hurdles and environmental issues. A few notable trends may include decline in installation cost, increasing R&D spending on energy sector and evolution of offshore wind turbines.

Download Exclusive Free Sample Of This Report: https://www.researchmoz.us/enquiry.php?type=S&repid=2902495

The global offshore wind sector has been very lucrative over the past few years due to the consistent upgradation in the cutting-edge offshore wind farm technology. Companies in the energy sector are investing considerable funds in comprehensive offshore wind services to keep turbines running smoothly. In addition, certain government policies and initiatives towards implementing the clean energy plans are encouraging the use of considerable portion of wind energy, particularly offshore, for electricity generation, which is driving the market growth of offshore wind globally.

The fastest growing regional market was Europe due to the strong competition among the major players. There has been an increased number of multi contracts between offshore wind companies, over the past few years, which led to the growth of the market. Further, the COVID-19 outbreak caused country shutdowns, suspension of industrial activities as well as economic disruption, impacting the demand for electricity, which might cause a downfall in the global offshore wind market during the initial phase of the forecasted period.

Browse Detailed TOC, Tables, Figures, Charts @ https://www.researchmoz.us/global-offshore-wind-market-equipment-installation-turbine-services-insights-forecast-with-potential-impact-of-covid19-20202024-report.html

Scope of the report:

The report provides a comprehensive analysis of the global offshore wind market.
The major regional markets (Europe, Asia Pacific and ROW, along with the country coverage of the U.K. Germany, Denmark, Belgium, Netherlands, China, Taiwan, South Korea, Japan and the U.S.) have been analyzed.
The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
The competitive landscape of the market, along with the company profiles of leading players (Siemens, General Electric, ABB, Vestas, Nexans and EEW Group) are also presented in detail.
Key Target Audience:

Offshore Wind Equipment Manufacturers
Raw Material Suppliers
Potential Audience (Offshore wind Companies and Dealers)
Investment Banks
Government Bodies & Regulating Authorities

Enquiry For Discount Visit @ https://www.researchmoz.us/enquiry.php?type=D&repid=2902495

Table of Content

1. Market Overview
1.1 An Introduction
1.2 Difference Between Offshore and Onshore Wind Power
1.3 Mechanism of Offshore Wind Farms
1.4 Advantages of Offshore Wind Power
1.5 Offshore Wind Service Value Chain

2. Impact of COVID-19
2.1 Decline in Electricity Consumption
2.2 Decline in the International Trade
2.3 Impact on Energy Sector Investments

3. Global Market Analysis
3.1 Global Offshore Wind Market by Value
3.2 Global Offshore Wind Market Forecast by Value
3.3 Global Offshore Wind Market by End-Industries
3.3.1 Global Offshore Wind Equipment Market by Value
3.3.2 Global Offshore Wind Equipment Market Forecast by Value
3.3.3 Global Offshore Wind Installation Market by Value
3.3.4 Global Offshore Wind Installation Market Forecast by Value
3.3.5 Global Offshore Wind Turbine Services Market by Value
3.3.6 Global Offshore Wind Turbine Services Market Forecast by Value
3.4 Global Offshore Wind Installed Capacity
3.5 Global Offshore Wind Installed Capacity Forecast
3.6 Global Offshore Wind Installed Capacity by Regions

4. Regional Market Analysis
4.1 Europe
4.1.1 Europe Offshore Wind Installed Capacity
4.1.2 Europe Offshore Wind Installed Capacity Forecast
4.1.3 Europe Offshore Wind Installed Capacity by Country
4.1.4 The U.K. Offshore Wind Installed Capacity
4.1.5 The U.K. Offshore Wind Installed Capacity Forecast
4.1.6 Germany Offshore Wind Installed Capacity
4.1.7 Germany Offshore Wind Installed Capacity Forecast
4.1.8 Denmark Offshore Wind Installed Capacity
4.1.9 Denmark Offshore Wind Installed Capacity Forecast
4.1.10 Belgium Offshore Wind Installed Capacity
4.1.11 Belgium Offshore Wind Installed Capacity Forecast
4.1.12 Netherlands Offshore Wind Installed Capacity
4.1.13 Netherlands Offshore Wind Installed Capacity Forecast
4.2 Asia Pacific
4.2.1 Asia Pacific Offshore Wind Installed Capacity
4.2.2 Asia Pacific Offshore Wind Installed Capacity Forecast
4.2.3 Asia Pacific Offshore Wind Installed Capacity by Country
4.2.4 China Offshore Wind Installed Capacity
4.2.5 China Offshore Wind Installed Capacity Forecast
4.2.6 Taiwan Offshore Wind Installed Capacity
4.2.7 Taiwan Offshore Wind Installed Capacity Forecast
4.2.8 South Korea Offshore Wind Installed Capacity
4.2.9 South Korea Offshore Wind Installed Capacity Forecast
4.2.10 Japan Offshore Wind Installed Capacity
4.2.11 Japan Offshore Wind Installed Capacity Forecast
4.3 The U.S.
4.3.1 The U.S. Offshore Wind Installed Capacity Forecast
4.4 ROW
4.4.1 ROW Offshore Wind Installed Capacity
4.4.2 ROW Offshore Wind Installed Capacity Forecast

Inquire More About This Report: https://www.researchmoz.us/enquiry.php?type=E&repid=2902495

About ResearchMoz:

ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfil all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organisations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.

For More Information Kindly Contact:
ResearchMoz
Tel: +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
Email: sales@researchmoz.us
Media Release: https://www.researchmoz.us/pressrelease
Browse More Reports Visit @ http://marketresearchlatestreports.blogspot.com/

STAY HOME!! STAY SAFE!!



This release was published on openPR.