Market Research Report Store Offshore Wind Market projected to reach USD 55.11 | Page 4

5 MARKET OVERVIEW 34 5.1 INTRODUCTION 35 5.2 ECONOMICS OF OFFSHORE WIND 35 5.3 MARKET DYNAMICS 36 5.3.1 DRIVERS 37 5.3.1.1 Rising energy demand coupled with increasing share of renewable energy in the power generation mix 37 5.3.1.2 Energy-efficiency mandates and government incentives 38 5.3.2 RESTRAINTS 40 5.3.2.1 High capital cost and issues associated with maintenance & logistics 40 5.3.3 OPPORTUNITIES 40 5.3.3.1 Coal & nuclear phase-out 40 5.3.3.2 Focus on water conservation 41 5.3.4 CHALLENGES 42 5.3.4.1 Growth of distributed energy resources 42 Contact: Ann Sales Manager Market Research Report Store Tel: [phone] - U.S Email: [email protected] Email: [email protected] Web: http://www.marketresearchreportstore.com/ About Us Since the establishment, Market Research Report Store has determined to take the online market research reports platform to the next level. With our passion and profession, we are designed to be the best among the bests.