Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home Editor's Pick Market Research

Offshore Wind Energy Market revenue to cross USD 97 Bn

Urja Daily by Urja Daily
November 29, 2021
in Market Research
Reading Time: 3 mins read
0
Offshore Wind Energy
Share on FacebookShare on TwitterShare on Linkedin

SELBYVILLE – The offshore wind energy market size is anticipated to record a valuation of USD 97 billion by 2027, according to the most recent study by Global Market Insights Inc. Global market growth is attributed to grow on account of increasing electricity demand along with rapidly escalating carbon emission levels from traditional power plants. Extensive untapped and unexplored energy potential across various deep-water sea locations together with growing adoption of green energy sources will influence the business potential. Furthermore, favorable regulatory framework coupled with the increasing focus toward enhancing the CUF for wind-based power generation technologies will complement the business landscape.

Nearshore project deployments gained significant momentum over the past decade. The capability to offer higher potential along with competitive energy transition has enhanced the development of offshore wind projects at >0 ≤ 30 m depth levels. The developed projects in this water depth offers huge potential for grid connectivity and are economical as compared to the high-water depths projects developed, thereby augmenting the product penetration.

RELATED POSTS

Technological Innovations Driving the Future of Absorption Chillers

Key Challenges Hindering Growth of the Waterjet Cutting Machines Market

Ongoing technological upgradation have aligned the focus toward installation of sustainable support structures. Consequently, manufacturers are involved in the development of high-quality foundations capable to withstand the extreme environmental, water flow and harsh conditions. Growing installation of offshore energy projects for power generation at an economical & efficient manner and rising research & development initiatives toward maximizing capacity utilization.

The COVID- 19 hit the global economy in an unprecedented manner and affected the market operations drastically. This has delayed operations owing to labour shortages and ceased manufacturing & distribution companies, thereby affecting the market progression. However the wind sector witnessed an upsurge due to deployment of renewable projects across the developed and developing economies. Moreover, government efforts to deliver vaccination programmes and several other measures to effectively deal with the situation have further boosted the market expansion.

Europe offshore wind energy market is projected to observe growth led by the rising investments across floating offshore wind energy accompanied by increasing private and public mergers and agreements for the project deployment. The government has introduced Contracts for Difference (CfD) to enable stable long-term returns from electrical infrastructure projects. The reform also lays provisions to develop viable returns to investors along with encouraging funding through leveraging schemes.

Eminent players operating across the offshore wind energy market include Prysmian Group, Siemens Gamesa, General Electric, Furukawa Electric, Nexans, Clipper, and Southwire, amongst others.

Table of Contents (ToC) of the report:

Chapter 3 Offshore Wind Energy Market Insights

3.1  Industry segmentation

3.2  Industry ecosystem analysis

3.2.1  Vendor Matrix

3.3  Innovation & sustainability

3.4  Regulatory landscape

3.5  COVID- 19 impact on industry outlook

3.5.1  Top 10 countries impacted by COVID- 19

3.5.2  Overall Scenario

3.6  Industry impact forces

3.6.1  Growth drivers

3.6.2  Industry pitfall & challenges

3.7  Growth potential analysis

3.8  Porter’s Analysis

3.9  Competitive landscape, 2020

3.9.1  Strategy Dashboard

3.10  PESTEL Analysis

Tags: carbon emissionElectricityoffshore wind energy
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

Absorption Chillers Market

Technological Innovations Driving the Future of Absorption Chillers

by Palak
August 28, 2025
0

As the world pushes toward sustainable energy solutions, cooling systems are undergoing a major transformation. Absorption chillers, which operate on...

Waterjet Cutting Machines

Key Challenges Hindering Growth of the Waterjet Cutting Machines Market

by Palak
August 26, 2025
0

The Waterjet Cutting Machines Market has gained remarkable traction over the past decade, primarily due to its ability to deliver...

EV Adhesives Market

EV Adhesives Market Enabling Safer, Faster, and Smarter Electric Mobility

by Palak
August 18, 2025
0

The rapid transition toward electric mobility has sparked a wave of innovation across automotive design, engineering, and materials science. Among...

Offshore Wind Turbine

Offshore Wind Turbine Efficiency Market Projected to Hit $18.7 Billion by 2033

by Palak
August 18, 2025
0

According to our latest research, the Global Offshore Wind Turbine Efficiency market size was valued at $18.7 billion in 2024 and is projected to...

Fire Pump Market

Innovations Driving Growth in the Fire Pump Market

by Palak
August 18, 2025
0

Fire safety has always been a top priority across industrial, commercial, and residential sectors, but the expectations from equipment manufacturers...

Next Post
Mainstream_Renewable_Power

Mainstream Renewable Power Successfully Raises EUR 90 million

Power2People-engaging-customers-in-the-energy-transition

Power2People: Engaging Customers in The Energy Transition

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Hisense

Hisense Launches UX ULED RGB-MiniLED TV Series in India

August 28, 2025
VinFast

VinFast Rides on India’s Urban Growth for Expansion

August 28, 2025

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

Hisense Launches UX ULED RGB-MiniLED TV Series in India

VinFast Rides on India’s Urban Growth for Expansion

Technological Innovations Driving the Future of Absorption Chillers

Solar and Wind Outpace Coal and Nuclear in Power Generation

Key Challenges Hindering Growth of the Waterjet Cutting Machines Market

Jakson Engineers to Invest ₹8,000+ Crore in 6 GW Integrated Solar Manufacturing Facility in Madhya Pradesh

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved