Offshore Wind Market 2024 - Growth by Regional Segments, Upcoming Business Strategies, Industry Revenue And Forecast by 2033

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Offshore Wind Market Report 2024
Market Size, Trends and Global Forecast 2024-2033
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Offshore Wind Segments
The Business Research Company segments its
Offshore Wind report as
Turbines, Electrical Infrastructure,
Substructure, Other Components
By Component
Shallow Water, Transitional Water, Deep Water
By Location
Up to 3MW, 3MW to 5MW, Above 5MW
By Capacity
By Application
Electric Power, Oil and Gas, Aviation, Transport,
Other Applications
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Market Statistics
The offshore wind market size has grown rapidly
in recent years. It will grow from 42.43 billion
in 2023 to 49.79 billion in 2024 at a compound
annual growth rate (CAGR) of 17.3. The offshore
wind market size is expected to see rapid growth
in the next few years. It will grow to 89.94
billion in 2028 at a compound annual growth rate
(CAGR) of 15.9.
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Key Market Drivers And Trends
Drivers
Increasing global investments in renewable energy
are expected to propel the growth of the offshore
wind market going forward.
Trends
Product innovation is a key trend gaining
popularity in the offshore wind market.
Region
Western Europe was the largest region in the
offshore wind market in 2023. The regions covered
in the offshore wind market report are
Asia-Pacific, Western Europe, Eastern Europe,
North America, South America, Middle East, Africa
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Key Market Players

• Major players in the Offshore Wind are
• General Electric Company
• Siemens Gamesa Renewable Energy S. A.
• MHI Vestas Offshore Wind A/S
• Xinjiang Goldwind Science Technology Co. Ltd.
• Shanghai Electric Wind Power Group Co. Ltd.
• And more.

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