Global Offshore Wind Market to 2024: Rising Penetration of Offshore Wind Power / Improvement in Capacity Factor / Rising Renewable Energy Consumption / Growing Numbers of Offshore Wind Farms
Share this article Share this article ResearchAndMarkets.com's offering. The global offshore wind market is expected to record a value of US$51.75 billion in 2024, increasing at a CAGR of 14.21%, for the duration spanning 2020-2024. The factors such as rising penetration of offshore wind power, growing electricity demand, improvement in capacity factor, rising renewable energy consumption and an escalating number of offshore wind farms would drive the growth of the market. However, the market growth would be challenged by foundations and transition piece challenges, development hurdles and ...
Source: prnewswire.com