Market research Future Offshore Wind Market Leading Players, Share Report | Page 3

Global offshore wind market Research Report- Forecast to 2023
2 Market Overview
Global offshore wind market has very broad market in coming recent years. MRFR analysts have predicted
that offshore wind industry is about to grow at a rapid pace. Moreover, the economic growth with emissions
reduction have given the growth, a momentum. The global offshore wind market is poised to grow over
USD 49,741.0 million by 2023 at an estimated CAGR of 11.12% through the forecast period.
Geographically, Asia-Pacific is a major revenue generator to the global offshore wind market, where China,
Japan and India are considered as the prominent countries owing to the demand for electricity, rapid
urbanization and technological advancements.
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.
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