Offshore Wind Energy Market - Size, Share, Growth, Trends, and Forecast 2014 - 2022
Global Offshore Wind Energy Market stood at 7,045.4 MW in 2013 and is expected to reach 52,120.9 MW by 2022 at a CAGR of 25.0% from 2014 to 2022
Global Offshore Wind Energy Market stood at 7,045.4 MW in 2013 and is expected to reach 52,120.9 MW by 2022 at a CAGR of 25.0% from 2014 to 2022
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<strong>Offshore</strong> <strong>Wind</strong> <strong>Energy</strong> <strong>Market</strong><br />
REPORT DESCRIPTION<br />
<strong>Offshore</strong> <strong>Wind</strong> <strong>Energy</strong> <strong>Market</strong> - Global Industry Analysis, <strong>Size</strong>, <strong>Share</strong>, <strong>Growth</strong>, <strong>Trends</strong>, <strong>and</strong> <strong>Forecast</strong><br />
<strong>2014</strong> - <strong>2022</strong><br />
The increasing advantages of offshore wind energy over its onshore counterpart is a major factor<br />
boosting the global offshore wind energy market, states Transparency <strong>Market</strong> Research in its<br />
latest report. The report, titled “<strong>Offshore</strong> <strong>Wind</strong> <strong>Energy</strong> <strong>Market</strong> - Global Industry Analysis, <strong>Size</strong>,<br />
<strong>Share</strong>, <strong>Growth</strong>, <strong>Trends</strong>, <strong>and</strong> <strong>Forecast</strong> <strong>2014</strong> - <strong>2022</strong>”, is available for sale on the company website.<br />
According to the report, the global installed capacity in the offshore wind energy market is poised<br />
to grow from 7,045.4 MW in 2013 to 52,120.9 MW in <strong>2022</strong>, developing at a 25.0% CAGR during<br />
the forecast period. Annual installations, on the other h<strong>and</strong>, are expected to rise from 1,629.4<br />
MW in 2013 to 7,228 MW by <strong>2022</strong>, at a 19.60% CAGR during the same time-frame.<br />
Get Sample Of This Research Report At:<br />
http://www.transparencymarketresearch.com/sample/sample.php?<br />
flag=S&rep_id=5018<br />
On the basis of geography, the global offshore wind energy market is divided into North America,<br />
Europe, Asia Pacific, <strong>and</strong> Rest of the World. Europe is presently the largest market for offshore<br />
wind energy since it is the only region that has made significant investments in the field. This<br />
positive investment climate is anticipated to continue through <strong>2022</strong>, according to the report. In<br />
2013, Europe reported 1,567 MW of new capacity additions in the offshore wind energy market,<br />
which was a massive 34% greater than the year prior to that. With the implementation of<br />
numerous favorable initiatives such as the Electricity <strong>Market</strong> Reform Package <strong>and</strong> the new<br />
<strong>Energy</strong> Act of 2013, the U.K. has emerged as the most prominent offshore wind energy market in<br />
Europe. The construction of wind turbines <strong>and</strong> manufacturing facilities in the country is<br />
supported by the Associated British Ports, which also boosts the offshore wind energy market in<br />
the U.K. However, a funding gap is threatening to hold this market back owing to the difference<br />
between planned capacity additions <strong>and</strong> available subsidies.<br />
Germany is also a strong market for offshore wind energy <strong>and</strong> holds 30% of the consented<br />
European offshore wind farms. An inherent locational advantage <strong>and</strong> stronger port infrastructure<br />
Transparency <strong>Market</strong> Research<br />
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