The offshore wind energy market size was USD 43.03 billion in 2020 and is expected to register a CAGR of 15.4% during the forecast period. Major factors driving market revenue growth are increasing efforts to decarbonize energy systems and reduce air pollution. Offshore wind energy is rapidly becoming a significant part of global electricity supply. It currently provides merely 0.3% of global power generation. Governments around the world are actively working to expand the amount further, which will make the offshore wind energy market a mainstay of clean energy transitions.

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The power and energy industry is rapidly expanding in terms of revenue owing to constant demand for electricity across the globe. The Offshore Wind Energy Market is expected to register robust revenue CAGR between 2022 and 2028. There has been a rapid increase in the power consumption across various verticals such as manufacturing, agriculture, IT & communication, healthcare, commercial and residential buildings. In addition, rapid industrialization and urbanization, increasing awareness about green energy, rising adoption of smart homes and smart buildings and increasing investments in development sustainable products are fueling market growth.

Competitive Landscape:

The report sheds light on details about every market player in the global Offshore Wind Energy Market along with its global status, product portfolio financial standing, business expansion plan and license agreement. The key players in the market are adopting various key strategies such as mergers and acquisitions, partnerships, joint ventures, collaborations and product launches to strengthen their market position and enhance their product base.

Top companies operating in the global Offshore Wind Energy market include:

 Adwen, Ming Yang Smart Energy Group Co., Doosan Heavy Industries and Construction Co., Ltd, General Electric Company, MHI Vestas Offshore Wind A/S, Senvion SA, Siemens AG, Sinovel Wind Group Co., A2 SEA, ABB, Ltd., Eew Group, and Nexans S.A..

Regional Outlook (Revenue USD Billion 2018-2028)

  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • Russia
    • UK.
    • Germany
    • France
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • A.E.
    • Israel
    • Rest of MEA

Key questions addressed in the Global Offshore Wind Energy Market report:

  • What is the expected market size of the global Offshore Wind Energy market during the forecast period?
  • What are the key restraints that are expected to hamper overall market growth between 2022 and 2028?
  • What key factors are expected to boost global Offshore Wind Energy market revenue growth throughout the forecast period?
  • Which regional market is projected to account for largest revenue share over the forecast period?
  • Which regional market revenue is expected to expand at rapid CAGR during the forecast period?
  • Which key players are operating in the global Offshore Wind Energy market?

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The report also offers details about each segment and major regions covered in the global Offshore Wind Energy market.

Offshore Wind Energy Market Segmentation:

By Component Outlook (Revenue USD Billion 2018-2028)

  • Turbine
  • Substructure
  • Electrical Infrastructure
  • Others

By Location Outlook (Revenue USD Billion 2018-2028)

  • Shallow Water
  • Transitional Water
  • Deep Water
    •  

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