OFFSHORE WIND MARKET IS POISED TO GROW OVER USD 49,741.0 MILLION . offshore wind market_PDF. | Page 4

Offshore wind market Research Report- Forecast to 2023
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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