Offshore Wind Energy Market – Global Opportunity Analysis and Industry Forecast, 2017-2023 – Research and Markets

DUBLIN–(BUSINESS WIRE)–The “Offshore
Wind Energy Market – Global Opportunity Analysis and Industry Forecast,
2017-2023” report has been added to Research and
Markets’ offering.

The global offshore wind energy market was valued at $2,727 thousand in
2016, and is expected to reach $11,334 thousand by 2023, registering a
CAGR of 19.4% from 2017 to 2023.

Offshore wind energy is used by numerous countries globally to harness
the energy of consistent and strong winds, which are specifically around
the oceans. Offshore winds are more uniform and process higher speed
than on land.

The energy produced from wind is directly proportional to the cube of
the wind speed. Thus, wind speeds of only a few miles per hour are able
to generate a considerably larger amount of electricity.

The market has witnessed significant growth opportunities globally,
owing to increase in demand for electricity processes and rise in
government expenditures.

Moreover, increase in inclination of consumers toward efficient and easy
renewable sources of energy further boosts the market growth. However,
high initial costs associated with offshore wind energy systems and
effects of offshore wind farms on marine animals are the factor
anticipated to hamper the market growth.

The global offshore wind energy market is segmented based on geography
into North America, Europe, Asia-Pacific, and LAMEA.

Key Topics Covered:

Chapter 1. Introduction

Chapter 2. Executive Summary

Chapter 3. Market Overview

Chapter 4. Global Offshore Wind Energy Market, By Geography

Chapter 5. Company Profiles

Companies Mentioned

• Siemens Wind Power
• Vestas Wind Systems A/S
• Goldwind Science and Technology Co. Ltd.
• Gamesa Corporacion Technologica SA
• GE Wind Energy
• Sinovel Wind Group Co. Ltd.
• Dong Energy A/S
• Suzlon Group
• Nordex SE
• China Ming Yang Wind Power Group Limited.

For more information about this report visit https://www.researchandmarkets.com/research/7smpnj/offshore_wind

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Related
Topics: Wind
Power, Electricity