Offshore Wind Energy Market size to grow at CAGR 19%, market value to reach USD 94 billion by 2028
Acumen Research and Consulting
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According to research by?Acumen research and consulting, the?Offshore Wind Energy market?is valued at USD 28 billion in 2021, and will reach a whooping?USD 94 billion by 2028 at an impressive CAGR of 19% during the forecast period between 2021 and 2028.
"Sea is the Limit" for Offshore Wind Energy Market
Land mass only makes up roughly 29% of Earth’s surface, while the rest of the earth is covered under vast oceans and seas.?Land based wind turbines?harness enormous amount of energy, but they are being used to harness only a small amount of what's actually available. The offshore machines are similar in design to the land-based counterpart, but the difference is that they are capable of being much bigger in size.??
They can weigh?up to a massive?22000 kgs and?installing the substations can be highly capital extensive. But with new technologies and inventions, the cost can be reduced significantly. The breakeven of the initial investment can be achieved within just a few years due to huge amount of energy being generated and sold. They can be operated for about 30 years without spending high cost in maintenance.??
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Dynamics of Offshore Wind Energy Market
In recent times, due to problems like climate change and rising temperature, countries around the world have accelerated their usage of?renewable energies?hence driving the market faster than ever before. Countries have been investing heavily in the renewable energy sector.
Land based wind turbines are present in abundance, however, acquiring land and finding a suitable location could be a challenging task. But with offshore wind turbines, this might not be the case. Procurement, Engineering, installation firms, construction,?oil and gas companies, wind turbines manufacturers, and corporate investors, along with infrastructure funds, institutional investors and export credit agencies, are already investing in this area.
The availability of modern technology and comprehensive solutions provided by numerous service providers is driving up demand for offshore wind installation. Furthermore, increased demand for renewable energy is also expected to propel the offshore wind energy market size. Rising investments in deep-sea offshore wind energy projects, together with rapid technical improvements, are expected to enhance the commercial landscape.
Offshore Wind Energy Market Regional analysis
North America is expected to have the biggest market share over the forecast period, owing to rising wind energy demand and increased investment in the wind energy industry in North America, where Canada and the United States are prominent in wind energy. Furthermore, the substantial presence of important players in North America is encouraging the growth of this region's offshore wind energy market.?
In addition, Asia Pacific is expected to increase its market share in the coming years. According to the Global Wind Energy Council, China has led the offshore wind energy installation for three years in a row, with 3 GW of offshore wind capacity constructed alone, while the global offshore wind energy installed capacity in 2020 was 6 GW.?
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The rapid infrastructural enhancement and the progress of offshore wind energy projects across Europe, especially in Netherlands and Belgium will have augmented growth of the offshore wind energy market.?
Key Players in Offshore Wind Energy Market
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Some more reports related to wind energy market??
Global offshore wind cable market size to grow at a stunning CAGR 16% market value to reach USD 3 billion by 2026.?
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Director en empresa actual | Licenciado en Empresa, gestión, marketing
7 个月Saludos?ofrezco licencias o venta de la patente por país, es la WO2024/123169 link: https://patentscope.wipo.int/search/es/detail.jsf?docId=WO2024123169&_cid=P11-LXWM4H-16420-1 para que puedan fabricar y vender la turbina eólica plegable la cual es muy eficiente pues no se le escapa el viento por entre sus palas, es muy duradera y económica puede ser construida de acero y también sus palas, que al estar la turbina con su centro de gravedad en equilibrio que termina en punta en la parte de abajo, es fácil de mover, los rodamientos duran mucho pues no sostienen a la turbina solo la guían, y con un adecuado mantenimiento de pintura cada ciertos a?os puede durar un siglo o más. La turbina es de eje vertical plegable y multi configurable toma la fuerza del viento con la forma cóncava cerrada y cuando viene contra el viento con forma convexa abierta, no desperdicia la fuerza como la turbina Savonius. En las publicaciones de mi perfil aquí en Linkedin usuario: Jorge Fletes esta la información, videos de prototipos y la patente en espa?ol e inglés, también información de contacto. Gracias