© Coherent market Insights. All Rights Reserved Global Offshore Wind Market GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS,

© Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Offshore wind provides the electrical energy on the continental shelf to harvest the wind energy. Wind speed is generally stronger and steady at the offshores than on the land. Offshore wind turbines are also located near to coastal areas eliminating the need for new overland transmission lines. Slight increase in speed of wind can generate a significantly greater amount of electricity, as the potential energy of wind is directly proportional to the cube of wind speed. For instance, the turbine at a site with average wind speed 16 miles per hour (mph) would produce more than around 50% electricity than 14 mph average speed of the same turbine. Increasing investments in renewable sources of energy and favorable government policies are the major drivers for the growth of offshore wind market. For instance, in the U.S, The National Ocean Industries Association have established the U.S’s first offshore wind farm in Furthermore, rising demand for electricity and increasing concerns toward the energy of the non-renewable source such as fossil fuel and awareness for their harmful effects of greenhouse gases such as carbon dioxide is propelling the growth of offshore wind market Global Offshore Wind Market:Overview

© Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Global Offshore wind Market, By Location: Deep-water (depth >60 m) Transitional Water (depth m) Shallow water (depth < 30 m) Global Offshore wind Market, By Component: Substructure: Monopile Jacket and Gravity Based Others Turbine: Rotor & Blades Tower Nacelle Electrical Infrastructure Others Request a sample copy of this report: Global Offshore Wind Market:Segmentation

© Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Major players involved in Global Offshore Wind Market include: MHI Vestas Siemens AG General Electric ABB, Ltd. EEW Group Nexans A2SEA A/S. To know the latest trends and insights prevalent in this market, click the link below: Global Offshore Wind Market:Key Players

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