Remarkable Cost Reductions, Disruptive Technologies, and Efficient Supply Chain to Drive Offshore Wind Demand
Our society's approach to producing, consuming, and distributing energy is changing due to mounting concerns about global warming and rising CO2 levels in the atmosphere. Governments worldwide are formulating regulatory frameworks, increasing their investments in low-carbon technologies to slow climate change, and decarbonizing their economies. An accelerated transition toward renewable energy sources and low-carbon technologies is crucial to our long-term survival.
In the last decade, the offshore wind sector has experienced significant growth. Numerous nations have recognized the potential of offshore in regions with high, regular winds and initiated the development of large-scale wind farm projects. Currently, offshore wind technology is one of the most rapidly increasing renewable energy sources. This trend will continue, driven mainly by increased investments, technological advancements, and greater supply chain efficiency, which have drastically reduced CAPEX and OPEX across several regions and play a vital role in our transition to a carbon-neutral economy. In addition, increasing private and public spending on the construction and extension of utility-scale offshore wind projects and the continued exploration of viable sites for offshore wind projects will boost the industry's growth.
Significant developments continue to reshape the global offshore wind market and will play a crucial role in our transition toward a carbon-neutral economy. This study explores the global offshore wind market and its projected growth by 2030. It presents key drivers and restraints influencing the market and its development. It also highlights the key regions with the highest growth potential and offers a projected roadmap of growth in the offshore market globally and by regions till 2030.
Key Issues Addressed:
- What is the global offshore wind energy market status in 2022, and what will be its size in 2030?
- Which regions will show the highest growth potential as we advance? What are the main drivers and restraints influencing the global offshore wind market?
- What are the different trends driving the global offshore wind market? What are the key markets in the offshore space?
- Who are the key stakeholders in the offshore wind market value chain? Who are the major OEMs in the offshore space?
- What are the different growth opportunities in the global offshore wind market?
