Offshore Wind Energy Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

Offshore Wind Energy Market size surpassed USD 24 billion in 2019 and is anticipated to grow at over 14% CAGR between 2021 and 2027.

The soaring power demand and the rapid emission levels associated with traditional power plants will drive market growth. The continued interest in the adoption of RE sources consisting of wind, geothermal, solar and waste energy has led to the expansion of the offshore wind energy market. The installation of offshore wind energy technology is gaining considerable acceptance worldwide due to its high-power generation capabilities.

 The key market players include MHI-Vestas, Goldwind, General Electric, Furukawa Electric Co. Ltd., Nexans, Siemens Gamesa and Enercon.

Market by Component

• Turbine
• Rating
• ≤ 2 MW
• >2≤ 5 MW
• >5≤ 8 MW
• >8≤10 MW
• >10≤ 12 MW
• 12 MW

Market by Depth

• >0 ≤ 30 m
• >30 ≤ 50 m
• 50 m

Scope of the Report

The research study analyzes the global Offshore Wind Energy industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Offshore Wind Energy Market Report

1. What was the Offshore Wind Energy Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027). 2. What will be the CAGR of Offshore Wind Energy Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Offshore Wind Energy Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.