Press release
Offshore Wind Market Future Aspect Analysis And Current Trends By 2023-2032
Offshore Wind Global Market
Offshore Wind Market Size, Growth Rate, And Forecast
The global offshore wind market size grew from $30.28 billion in 2022 to $33.52 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The offshore wind market size is expected to grow to $53.02 billion in 2027 at a CAGR of 12.1%.
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Offshore Wind Market Drivers
Increasing global investments in renewable energy are expected to propel the growth of the offshore wind market going forward. Renewable energy is energy generated from naturally replenished sources such as the sun and wind. The government is investing in renewable energy to strengthen its position in the offshore wind generation sector.
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Offshore Wind Market Segments
1) By Component: Turbines, Electrical Infrastructure, Substructure, Other Components
2) By Location: Shallow Water, Transitional Water, Deep Water
3) By Capacity: Upto 3MW, 3MW to 5MW, Above 5MW
4) By Application: Electric Power, Oil and Gas, Aviation, Transport, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the Offshore Wind market.
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Offshore Wind Market Key Players
Major competitors in the Offshore Wind market include General Electric, Siemens Gamesa, MHI Vestas, Goldwind, Shanghai Electric Wind Power Equipment Co, Doosan Heavy Industries and Construction
The Table Of Content For The Offshore Wind Market Include:
1. Executive Summary
2. Offshore Wind Market Characteristics
3. Offshore Wind Market Trends And Strategies
4. Offshore Wind Market - Macro Economic Scenario
5. Offshore Wind Market Size And Growth
……
27. Offshore Wind Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Offshore Wind Market
29. Offshore Wind Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Offshore Wind Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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