Market Research Report

Offshore Wind Market

Offshore Wind Market Research Report: Size, Share, Trend Analysis Components (Turbine, Tower, Blades, Electrical Infrastructure, Nacelle), Location (Shallow Water, Transitional Water, Deep Water) and By Region (Asia Pacific, Europe, North America) - Growth Outlook & Industry Forecast To 2023

Vertical: EnPBase Year: 201610 Sections

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Executive Summary

Offshore Wind Market — Snapshot

  • Market Size (2016)

    $23.94B

  • Projected (2023)

    $49.74B

  • CAGR (2015–2023)

    10.9%

  • Key Players

    10+

The global offshore wind market has been largely benefiting from the changing paradigms in government regulations and end-users perspective towards reducing global dependence on coal and other fossil fuels. With several driving trends such as, increasing share of renewable energy, rising investment towards development of clean energy dramatic cost declines and capacity additions, offshore wind has remained more reliable resource.

Global offshore wind market has very broad market in coming recent years. Wantstats analysts has predicted that offshore wind industry is about to grow at a rapid pace, moreover, the economic growth with emissions reduction have given a growth momentum. The global offshore wind market is poised to grow over USD 49,741.0 million by 2023 at an estimated CAGR of 11.12% through the forecast period.

Geographically, Asia-Pacific is a major revenue generator to the global offshore wind market, where China, Japan and India are considered as the prominent countries owing to the demand for electricity, rapid urbanization and technological advancements.

Key Insight

The Offshore Wind Market market is projected to grow at a CAGR of 10.9% from 2015 to 2023.

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Market Scope & Coverage

What this report covers

  • Geographic Coverage: This analysis covers 3 regions: Asia Pacific, Europe, North America.
  • Market Segmentation: The market is analyzed across 5 segments: Turbine, Tower, Blades, Electrical Infrastructure, Nacelle. Forecasts are provided for each segment from 2015 to 2023.
  • Competitive Landscape: 10 leading companies are profiled, covering market positioning, strategies, and recent developments.

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Offshore Wind Market

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