Offshore Wind Energy Market

The offshore wind energy market involves the generation of electricity through wind turbines located in bodies of water. Key customers include industrial, commercial, and residential sectors, served by power companies and government entities commissioning these projects. Growth is primarily driven by government policies aimed at reducing carbon emissions, rising global power consumption, and increasing investment in renewable energy sources.

CAGR

12.2%

Compound Annual Growth Rate

Current Value

$58.5B

Estimated 2026

Projected Value

$146.9B

By 2034

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