Offshore Wind Market Booming Worldwide with A Massive Growth of 15.32% by 2022 | Siemens AG, ABB Ltd., MHI Vestas, General Electric, EEW Group, A2Sea, Nexans, among others.

The offshore wind market has been rapidly growing, especially in Europe as it contributed the European Union (EU) to meet its renewable energy targets for 2020.  The market in Europe was estimated to be the largest market for offshore wind, followed by Asia-Pacific in 2016. …

Offshore Wind Market: Future Growth Opportunities By 2022

The offshore wind market is expected to grow at a CAGR of 15.32% from 2017 to 2022, to reach a market size of USD 55.11 billion by 2022. Major drivers of offshore wind includes increasing share of renewable energy in power generation, energy efficiency mandates …