Press release
With 16.60% CAGR, Offshore Wind Energy Market Size US$ 24.71 Billion by 2027
IMARC Group's latest report, titled "Offshore Wind Energy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global offshore wind energy market reached a value of US$ 9.14 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 24.71 Billion by 2027, exhibiting a CAGR of 16.60% during 2022-2027.Offshore wind energy plays a significant role in achieving the renewable target in most countries worldwide. It generates electricity by wind using wind turbines near the coastline of oceans and lakes. It offers various advantages, such as the generation of energy from renewable sources. It helps provide adequate and clean energy, reduce greenhouse gas (GHG) emissions, and promote sustainable development.
Request Free Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/offshore-wind-energy-market/requestsample
Offshore Wind Energy Market Growth and Demand:
The increasing solution demand by utility service providers is driving the global market. Moreover, the growing awareness among consumers about the benefits of smart grid analytics that have led to the rising usage of smart meters worldwide, is fuelling the market. Furthermore, the widespread integration of machine learning (ML), Internet-of-Things (IoT), and big data analytics with smart grid data analytics are also supporting the overall growth. Additionally, the escalating need for enhanced communication networks and efficient data transfer systems are positively impacting the market.
Apart from this, the continuous development of smart cities and numerous supportive government initiatives for the uptake of renewable sources of power generation are creating a positive market outlook. Other factors, such as the rising demand for improved grid reliability and outstanding inherent operational performance and rapid urbanization, are also positively influencing the market.
Competitive Landscape:
• E.ON SE
• Électricité de France S.A
• Equinor ASA
• General Electric Company
• Nordex SE
• Northland Power Inc
• Ørsted A/S
• Siemens Gamesa Renewable Energy S.A. (Siemens Energy AG)
• Suzlon Energy Limited
• Vestas Wind Systems A/S
• Xinjiang Goldwind Science & Technology Co. Ltd
Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/offshore-wind-energy-market
Key Market Segmentation:
Breakup by Component:
• Turbine
• Substructure
• Electrical Infrastructure
• Others
Breakup by Foundation Type:
• Fixed Foundation
• Floating Foundation
Breakup by Capacity:
• Less Than 5 MW
• Greater than or Equal to 5 MW
Breakup by Location:
• Shallow Water
• Transitional Water
• Deep Water
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Browse More Research Reports:
• https://www.einnews.com/pr_news/598900445/optical-coherence-tomography-market-to-reach-value-of-us-3-16-billion-by-2027-cagr-of-13-40
• https://www.einnews.com/pr_news/598900941/3d-display-market-to-reach-us-316-2-billion-by-2027-cagr-of-17-87
• https://www.einnews.com/pr_news/598901755/warehouse-robotics-market-size-leading-companies-share-industry-trends-growth-rate-demand-and-report-2022-2027
• https://www.einnews.com/pr_news/598902649/3d-printing-materials-market-size-analysis-key-players-share-industry-demand-growth-overview-and-report-2022-2027
• https://www.einnews.com/pr_news/598903375/antibody-drug-conjugates-market-to-reach-us-18-5-billion-by-2027-cagr-of-23-8
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release With 16.60% CAGR, Offshore Wind Energy Market Size US$ 24.71 Billion by 2027 here
News-ID: 2884442 • Views: …
More Releases from IMARC Group

OLED Microdisplay Market Report by Type, Resolution, End Use Industry 2025 - 203 …
The global OLED microdisplay market is experiencing a significant surge, driven by the escalating demand for high-resolution, compact display solutions across augmented reality (AR), virtual reality (VR), and medical devices. According to the latest report by IMARC Group, the market is demonstrating robust growth, fueled by technological advancements and increasing adoption in various sectors. This growth is a testament to the innovative strides in display technology and its expanding applications.
Request…

MDF Board Manufacturing Plant Setup Cost 2025: CapEx/OpEx Analysis with Profitab …
Medium-density fiberboard (MDF) is an engineered wood product made by breaking down hardwood or softwood residuals into wood fibers, which are then combined with wax and resin binders under high temperature and pressure. Known for its smooth surface, uniform density, and ease of machining, MDF is widely used in furniture, cabinetry, interior paneling, and decorative applications. Unlike natural wood, it is free from knots and grain irregularities, making it ideal…

Global Edtech Market Demand: Size, Share, and Trends in Preschool, K-12, AI, and …
Market Overview
The global edtech market demand reached USD 250.16 billion in 2024 and is projected to expand significantly, hitting USD 721.15 billion by 2033, at a CAGR of 11.86%. This growth is primarily driven by the increasing adoption of digital learning platforms that provide interactive and personalized experiences for learners. Artificial intelligence-powered adaptive tools, intelligent tutoring systems, and advanced assessment methods are reshaping traditional education by making it more engaging…

Plasma Powder Market Size, Share, Growth And Trends Report 2025-2033
IMARC Group, a leading market research company, has recently releases report titled "Plasma Powder Market Report by Source (Porcine, Bovine, and Others), Sales Channel (Online, Offline), Application (Animal Feed, Food, and Others), and Region 2025-2033" The study provides a detailed analysis of the industry, including the global plasma powder market trends, share, size and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in…
More Releases for Energy
Green Renewable Energy Market Next Big Thing: Enphase Energy, Bloom Energy, Clea …
Advance Market Analytics published a new research publication on "Green Renewable Energy Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Green Renewable Energy market was mainly driven by the increasing R&D spending across the world.
Get inside Scoop of the…
Business Energy Solution Market Size in 2023 To 2029 | SSE Energy Solutions, BES …
The large-scale Business Energy Solution market report provides valuable insights for clients looking to forecast investments in emerging markets, expand market share, or launch new products. The report presents multifaceted Business Energy Solution market insights that are simplified using established tools and techniques, making it a credible marketing report. Data is presented in a clear and easy-to-understand manner, with graphs and charts to aid comprehension. The report employs integrated approaches…
Decentralized Energy Storage Market Is Booming Worldwide | Fuelcell Energy, Enph …
A new business intelligence report released by AMA with title "Decentralized Energy Storage Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Decentralized Energy Storage Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics…
Waste-To-Energy Technologies Market Top Growing Companies: Xcel Energy, Novo Ene …
Qurate Business Intelligence’s up-to-date research study on Waste-To-Energy Technologies was performed by highly qualified research professionals and industry experts. This is to provide an in-depth analysis on the Waste-To-Energy Technologies. The report is comprehensive and includes over 120 pages. The global energy market is witnessing a shift toward waste to energy technologies due to growing energy demands worldwide, the rapid depletion of conventional sources of energy, and concerns over…
Waste To Energy Market ||Novo Energy Ltd., Hitachi Zosen, Foster Wheeler A.G., S …
Zion Market Research published a new 110+ pages industry research "Global Waste to Energy Market Set For Rapid Growth, To Reach Value Around USD 42.74 Billion By 2024" is exhaustively researched and analyzed in the report to help market players to improve their business tactics and ensure long-term success. The authors of the report have used easy-to-understand language and uncomplicated statistical images but provided thorough information and detailed data on…
In-Pipe Hydro Systems Market | key player - Lucid Energy, Rentricity, Tecnoturbi …
Looking at the current market trends as well as the promising demand status of the “In-Pipe Hydro Systems Market” it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global market. Readers can gather prime facets connected to the target market which includes product, end-use and application; assisting…