The growing wind power capacity in various countries will foster the global offshore wind energy market.

The global Offshore wind energy market is anticipated to grow at a considerable CAGR during the forecast period (2021-2027). The key factor to drive the market growth is the increasing use of wind power in many regions such as Europe, North America and Asia-Pacific will be driving the growth of the market. For instance, according to win Europe, in 2020, Europe has installed 14.7 GW of new wind power capacity (gross installations). This is a 6% fall from the previous year. In 2020, the Netherlands will have the most wind power capacity built (1.98 GW). Offshore wind accounted for 75% of the total. The UK is set to add the most wind power in Europe, with a total capacity of 18 GW. Germany came in second (16 GW). France (12 GW), Sweden (7 GW), and the Netherlands (7 GW) are the three countries with the most nuclear power (6 GW). The next highest contributions would come from e (12 GW), Sweden (7 GW), and the Netherlands (6 GW).

Browse the full report description Global Offshore Wind Energy Market Size, Share & Trends Analysis Report by Component (Turbine, Electrical Structure, Support Structure, and Others), By Depth of Turbine (Shallow, Transitional, and Deep Water), By Application (Commercial, Industrial, and Household) Forecast 2021-2027 at https://www.omrglobal.com/industry-reports/offshore-wind-energy-market

Moreover, rising collaborations and partnerships among the major players in the market further propel the growth of the market. For instance, in January 2021, GE Renewable Energy has agreed to supply and service The 1.1 GW Ocean Wind offshore wind farm in New Jersey. The agreement covers the GE Haliade-X 12 MW wind turbine, with the option for Ocean Wind to use the 13 MW version, as well as a five-year Service & Warranty to provide operational support for the wind turbines. With this partnership, offshore wind energy will be bringing maximum benefit for environmental and economic development. 

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Component

o By the depth of turbines   

o By End-user 

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- ABB Ltd. Siemens AG, Hitachi, Ltd., Vestas Wind System A/S, General Electric Co., and others 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Offshore Wind Energy Market Report Segment

By Component 

• Turbine
• Electrical Structure
• Support Structure
• Others  

BY Depth of Turbine

• Shallow
• Transitional
• Deep Water

By Application

• Commercial
• Industrial
• Household

Global Offshore Wind Energy Market Report Segment by Region