Energy & Green Renewable Technology Market News

Research focused on the offshore wind market that is poised to reach USD 55.11 billion by 2022

Energy Market Research

The report provides a picture of the offshore decommissioning market across its different segments and regions. It aims at estimating the market size and future growth potential of this market in value. Furthermore, the report also includes in-depth competitive analyses of the key players in the market along with their company profiles, SWOT analysis,

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Offshore Wind Market by type 2017-2022 by new Service spreads across 148 pages profiling 13 companies and supported with 65 tables and 64 figures available at

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“The offshore wind market is projected to grow at a CAGR of 15.32%from 2017 to 2022”

The offshore wind market is projected to reach USD 55.11 billion by 2022, at a CAGR of 15.32% from 2017 to 2022. The offshore wind market has been rapidly growing, especially in Europe as it contributed the European Union (EU) to meet its renewable energy targets for 2020.

The global demand for electric power is increasing due to various factors such as urbanization, increased industrialization, and economic development among others. Rising energy demand and energy efficiency mandates drive the demand for the offshore wind market.

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The offshore wind market is gaining acceptance due to its high capacity factor which makes it an important renewable resource to help in the reduction of CO2 emissions. Moreover, countries like China and the U.S.

are also focusing on emission reduction.

“The monopile substructure segment is expected to be the largest market from 2017 to 2022”

With regard to the substructure segment, monopiles are expected to constitute the largest market from 2017 to 2022. This type of substructure is mostly the preferred foundation type in the shallow water location.

It is mostly used for its simplicity, both in terms of installation and fabrication. Monopiles have been recently upgraded to be used in greater water depths and, thus, it is expected to maintain its position and cover the largest market during the forecast period.

Offshore Wind Market, By Component
Rotor & Blades
Jacket and Gravity Based
Other Types
Electrical Infrastructure

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Fundamentals of Table of Content: 

7 Offshore Wind Market, By Location
7.1 Introduction
7.2 Shallow Water (< 30m Depth)
7.3 Transitional Water (30m – 60m Depth)
7.4 Deep Water (> 60m Depth)

10 Company Profiles

(Overview, Products & Services, Strategies & Insights, Developments and RnR View)*
10.1 Introduction
10.2 Adwen
10.3 Ming Yang Smart Energy Group Co.
10.4 Doosan Heavy Industries and Construction Co., Ltd
10.5 General Electric Company
10.6 MHI Vestas Offshore Wind A/S
10.7 Senvion SA
10.8 Siemens AG
10.9 Sinovel Wind Group Co.
10.10 A2 Sea
10.11 ABB, Ltd.
10.12 Eew Group
10.13 Nexans S.A. 

*Details on Overview, Products & Services, Strategies & Insights, Developments and RnR View Might Not Be Captured in Case of Unlisted Companies.

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