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Offshore Wind Market Growth Factors, COVID – 19 Impact Analysis and Regional Outlook To 2025
The global offshore wind market has been segmented on the basis of component type and location.

BriefingWire.com, 7/01/2020 - Global Offshore Wind Market: Synopsis

The detailed report published by Market Research Future (MRFR) projects that the global Offshore Wind Market is marked to exhibit significant expansion at a CAGR of 11.12% during the forecast period from 2017 to 2023. The global offshore wind market is also anticipated to reach the market valuation of USD 49,741 Mn by the end of the review period. growing investment for the development of non-conventional electricity generation by utilizing renewable sources, increasing preference towards renewable energy sources over non-renewable sources as a result of rise in environmental concerns, and increased research activities for the development of highly durable windmills that require low maintenance cost are majorly propelling the growth of the global offshore wind market during the assessment period.

Global Offshore Wind Market: Segmental Analysis

The global offshore wind market has been segmented on the basis of component type and location. Based on component type, the global offshore wind market has been segmented into turbine, substructure, electrical infrastructure, and others. Among these, the turbine segment commands for the major share of the global offshore wind market as it is the most important component of the offshore wind farm. Based on location, the global offshore wind market has been segmented into shallow water (60m depth).

Global Offshore Wind Market: Regional Analysis

Geographically, the global offshore wind market has been segmented into four major regions such as Asia Pacific (APAC), Europe, North America, and the rest of the world. The Europe region commands the maximum share of the global offshore wind market during the assessment period. The factors such as growing investment for the development of non-conventional electricity generation by utilizing renewable sources, increasing preference towards renewable energy sources over non-renewable sources as a result of rise in environmental concerns, and increased research activities for the development of highly durable windmills that require low maintenance cost are majorly propelling the growth of the global offshore wind market in the Europe region.

Global Offshore Wind Market: Key Players

The key market players profiled by Market Research Future (MRFR) that are operating in the global offshore wind market are General Electric (the U.S.), Siemens (Germany), Doosan Heavy Industries & Construction Co., Ltd (Korea), Vestas Wind Systems A/S (Denmark), Senvion SA (Luxembourg), ENERCON GmbH (Germany), Suzlon Group (India), Dong Energy A/S (Denmark), EEW Group (Germany), and Goldwind Windenergy GmbH (China).

Access Full Report at: https://www.marketresearchfuture.com/reports/offshore-wind-market-3284

 
 
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