Global Distributed Energy Resource Management System MARKET By Others
| Label | Total | Belgium | Germany | Denmark | United Kingdom | Netherlands | Sweden | Rest Of Europe |
|---|---|---|---|---|---|---|---|---|
| 2015 | 19161.4 USD Mn | 1133.4 USD Mn | 6327.6 USD Mn | 1981.1 USD Mn | 7651.3 USD Mn | 1514.4 USD Mn | 345.9 USD Mn | 207.7 USD Mn |
| 2016 | 21201.2 USD Mn | 1202.1 USD Mn | 6983.7 USD Mn | 2160.4 USD Mn | 8652.2 USD Mn | 1626.1 USD Mn | 362.5 USD Mn | 214.1 USD Mn |
| 2017 | 23468.3 USD Mn | 1275.5 USD Mn | 7711.1 USD Mn | 2357 USD Mn | 9776.8 USD Mn | 1746.9 USD Mn | 380.2 USD Mn | 220.9 USD Mn |
| 2018 | 26033.3 USD Mn | 1356.3 USD Mn | 8532.5 USD Mn | 2576.9 USD Mn | 11059.2 USD Mn | 1880.6 USD Mn | 399.6 USD Mn | 228.3 USD Mn |
| 2019 | 28934.8 USD Mn | 1445 USD Mn | 9459.7 USD Mn | 2822.8 USD Mn | 12521.7 USD Mn | 2028.4 USD Mn | 420.7 USD Mn | 236.4 USD Mn |
| 2020 | 32187.7 USD Mn | 1540.9 USD Mn | 10496.8 USD Mn | 3095 USD Mn | 14176.8 USD Mn | 2189.8 USD Mn | 443.4 USD Mn | 245.1 USD Mn |
| 2021 | 35964.2 USD Mn | 1650.3 USD Mn | 11698.9 USD Mn | 3408.3 USD Mn | 16107.7 USD Mn | 2374.5 USD Mn | 469.3 USD Mn | 255.2 USD Mn |
| 2022 | 40441.7 USD Mn | 1772.2 USD Mn | 13118.9 USD Mn | 3771.7 USD Mn | 18431.4 USD Mn | 2583.9 USD Mn | 497.7 USD Mn | 265.9 USD Mn |
| 2023 | 44919.3 USD Mn | 1894 USD Mn | 14538.8 USD Mn | 4135.1 USD Mn | 20755.2 USD Mn | 2793.2 USD Mn | 526.1 USD Mn | 276.7 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
The global offshore wind market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of the offshore wind market is majorly influenced by the growing demand for energy consumption around the world. Furthermore, electricity produced by renewable sources is clean, cost effective and renewable in nature which drives the market towards growth. However, the high capital cost for installation is acts as a major barrier for the growth of the offshore wind market.
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