Global Offshore Wind Market To Surpass US$ 86.69 Billion By 2025, Fuelled By Increased Demand For Electrical Energy

The offshore wind market is expected to register a CAGR of 15.8% over the forecast period (2017 - 2025) to reach US$ 86.69 billion by 2025.

On the continental shelf, offshore wind offers electrical energy to gather wind energy. Offshore winds are often stronger and more consistent than on land. Offshore wind turbines are also positioned near coastal locations, so no additional overland transmission lines are required. Because the potential energy of wind is exactly related to the cube of wind speed, a small increase in wind speed can create a huge increase in electricity. For example, a turbine at a site with an average wind speed of 16 miles per hour (mph) would produce more than half as much power as one at a site with an average wind speed of 14 mph.

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Some of the major players in the global offshore wind market are MHI Vestas, Siemens AG, General Electric, ABB, Ltd., EEW Group, Nexans, and A2SEA A/S.

In 2016, Europe dominated the offshore wind industry, and it is likely to continue to do so over the projection period. In 2016, the market was worth US$ 13.27 billion, and the region is expected to grow at a CAGR of 12.9 percent in terms of revenue from 2017 to 2025. Energy grid offshore wind turbine power output in Europe is rising, with approximately 3000 MW of capacity built in Europe in 2015. Around 26 gigawatts (GW) of new capacity could be built in the near future, according to the European Wind Energy Association. The United Kingdom accounts for around 46% of present offshore market capacity, followed by Germany (30%) and Denmark (20%). (12 percent ).

Key Market Features: The Offshore Wind report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent Offshore Wind market segments and sub-segments.

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Detailed Segmentation

Global Offshore wind Market, By Location:
Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)
Global Offshore wind Market, By Component:
Substructure
Monopile
Jacket and Gravity Based
Others

What the report offers:
• Market Overview for the Global Offshore Wind Market and the identification of the market dynamics, including growth drivers, restraints, challenges, and potential Growth and opportunities for the market.
• Market analysis for the Global Offshore Wind Market, with competitive landscape and geographic analysis on a global and regional scale.
• Determination of different factors responsible for changing the market landscape, rising future opportunities and determination of leading players, which can affect the market on a regional scale.
• Company profiles of the leading competitors along with their strategic initiatives and market shares.
• Determination and analysis of the macro- and micro economic factors that affect the Global Resistant Offshore Wind Market, as per the regional analysis.

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