Market Highlights
Offshore wind energy farms are constructed offshore on continental shelf to harvest wind energy to generate electricity. As offshore winds are comparatively of higher current as compared to land winds, a higher amount of electricity can be generated through these installations.
Offshore winds are steady and have faster speeds resulting in higher & reliable energy generation. The growth in this sector can be attributed to the increasing demand for clean and reliable energy in order to reduce the global carbon emissions and to maintain ecological balance by generating electricity through renewable resources. However, high initiating capital cost of the projects with high maintenance cost and logistics issues, can hinder the offshore wind market. Also, high tidal winds and bad weather conditions making it difficult to access the offshore wind farms even for problem rectification and preventive maintenance will restrain the global offshore wind market. Global Offshore Wind Market is predicted to grow at approximately 16% by 2023

Key Players
The key players of global offshore wind market are
• Siemens AG (Germany),
• Vestas Wind Systems A/S (Denmark),
• General Electric Company (U.S),
• Senvion SA (Germany),
• Areva (France),
• Clipper Windpower, LLC (U.S),
• ABB Ltd. (Switzerland),
• Sinovel Wind (Group) Co., Ltd. (China),
• Doosan Heavy Industries & Construction (South Korea),
• Suzlon (India),
• A2SEA (Denmark)
• EEW-Group (Germany).

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Market Research Analysis
North-America region is expected to grow at the highest CAGR.
The offshore wind market in the Europe region is currently leading and is followed by North-America and Asia-Pacific market. But it is expected that North-America will grow at the highest CAGR, owing to the approval of various offshore wind farm projects in countries such as U.S and Canada, where there has been a substantial investment towards the growth of non-conventional electricity generation. These factors will drive the market for offshore wind market in North American region during the forecast period.

Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Offshore Wind Market Research Report- Forecast 2023”

Scope of the Report
This study provides an overview of the global offshore wind market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Offshore Wind market by its component type, by location and by region.
 By Component Type
• Turbine
• Substructure
• Electrical Infrastructure
• Others
 By Location
• Shallow Water (< 30m Depth)
• Transitional Water (30m – 60m Depth)
• Deep Water (> 60m Depth)
 By Regions
• North America
• Asia Pacific
• Europe
• Rest of the World

Offshore wind holds great potential in non-conventional electricity generation. The higher efficiency of the offshore wind farm is due to the steady offshore wind inputs as compared to land winds is resulting in the growth of offshore wind market. The main objective of offshore wind farm is to convert wind energy to electricity and propagate it as per requirement to the end user. These offshore wind farms are widely installed along continental shelves across oceans and seas.

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1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Offshore Wind Market, By Component
4.1 Introduction
4.2 Turbine
4.3 Substructure
4.4 Electrical Infrastructure
4.5 Others
5 Global Offshore Wind Market, By Location
Continue………

List of Tables
Table 1 Global Offshore Wind Market, By Component
Table 2 Global Offshore Wind Market, By Location
Table 3 Global Offshore Wind Market, By Regions
Table 4 North America Offshore Wind Market, By Component
Table 5 North America Offshore Wind Market, By Location
Continue………..

List of Figures
Figure 1 Research Application
Figure 2 Global Offshore Wind Market: By Component (%)
Figure 3 Global Offshore Wind Market: By Location (%)
Figure 4 Global Offshore Wind Market: By Region
Figure 5 North America Offshore Wind Market, By Component (%)
Continue………

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