Skip to main content

Europe Offshore Wind Energy Market Is Expected To Reach 29.8 GW By 2024

The latest market report published by Credence Research, Inc. “Europe Offshore Wind Energy Market, By Geography- Growth, Future Prospects and Competitive Analysis, 2016 - 2024,” the Europe offshore wind energy market was 13.4 GW in 2016, and is expected to reach 29.8 GW by 2024, expanding at a CAGR of 12.0% from 2016 to 2024.
Browse the full Europe Offshore Wind Energy Market - Growth, Future Prospects and Competitive Analysis, 2016 – 2024 report at https://www.credenceresearch.com/report/europe-offshore-wind-energy-market
Europe Offshore Wind Energy Market
Market Insights
Europe offshore wind energy market is projected to witness robust growth owing to increasing investment in offshore wind energy projects. Rising energy demand and growing concerns over the emission of greenhouse gases is influencing the governments to promote the adoption renewable energy source such as wind and solar. Increasing investment in the offshore wind projects especially in Europe is anticipated to fuel the growth of offshore wind energy market. However, high cost of installation, delayed regulatory approvals and stringent labour laws are factors expected to restraint the growth of Europe offshore wind energy market during the forecast period (2016-2024).
U.K. was the largest market for offshore wind energy in 2015 among all European countries. Increasing investment in offshore wind energy projects from private sector coupled with favorable government policies such as Energy Act, 2013 and establishment of Offshore Wind Cost Reduction Task Force to achieve levelised costs of offshore wind to £100 per MW/h by 2020 represent high growth for the offshore wind energy market during the forecast period (2016-2024).
Germany is projected to be the fastest growing segment among all European countries during the forecast period. High number of approved and pipeline projects coupled with increasing investment from private sector in offshore wind energy is anticipated to fuel the growth of offshore wind energy in the region. The country is anticipated to witness addition of 4.5 GW capacity of installation offshore wind energy from under construction projects in next five years. Further, approval of new projects and pipeline projects is projected to expand the installation capacity to 9.4 GW by 2020. The country also holds second largest market share on terms of installation capacity in Europe. The country is projected to gain significant market share by 2023. Other regions such as Denmark and Netherlands are also anticipated to witness high growth during the forecast period (2016-2024).
Considering the competition, the Europe offshore wind energy market is expected to witness a significant rise in investment in research and development with the focus to reduce installation cost of offshore wind installations. Further, market has witnessed strategic mergers and collaborations among Europe offshore wind energy regional and global players. Such growth strategies are focused on increasing their market penetration in consuming economies.
Labels:

Comments

Post a Comment

Popular posts from this blog

Leadless Cardiac Pacemakers Market Is Expected To Reach US$ 269.8 Mn By 2026

The latest market report published by Credence Research, Inc. “Global  Leadless Cardiac Pacemakers Market  - Growth, Future Prospects, Competitive Analysis, 2018 - 2026,” the global leadless cardiac pacemakers market is expected to reach from US$ 47.1 Mn in 2017 to US$ 269.8 Mn by 2026 expanding at a CAGR of 21.9% from 2018 to 2026. Browse the full report  Leadless Cardiac Pacemakers Market  - Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at   https://www.credenceresearch.com/report/leadless-cardiac-pacemakers-market Market Insights Atrial fibrillation is a medical condition in which irregular heartbeats can lead to clinical manifestations such as stroke, blood clot, and other heart complications. Many patients suffering with atrial fibrillation are under the wrong impression that it is not a serious medical condition eventually increasing the occurrence of heart failure by 5 folds. Leadless pacema...
Post a Comment
Read more

Surgery Tables Market Expected To Exhibit Steady Growth During The Forecast Period

The latest market report published by Credence Research, Inc. “ Surgery Tables Market  - Growth, Future Prospects, Competitive Analysis, 2018 - 2026,”  the global surgery tables market was valued at US$ 790.9 Mn in 2017 and expected to expand at a CAGR of 3.7% from 2018 to 2026. Browse the full report at  https://www.credenceresearch.com/report/surgery-tables-market Get here the sample in PDF:   https://www.credenceresearch.com/sample-request/59594 Market Insights The global market for surgery tables is poised to grow at a steady rate during the forecast period owing growing investment in the healthcare sector across the globe due to rising volume of surgeries and growing burden of chronic diseases worldwide. Growing cases of traumatic injuries are also resulting in the rise of surgeries thereby driving the demand for surgery tables. Surgery tables with ability to position patients differently for various procedures are be...
Post a Comment
Read more

Electrical Enclosure Market to Reach US$ 7.23 Bn by 2023

Electrical Enclosure Market    (By Type (Metallic and Non-Metallic Enclosure), By Application (Dust Tight, Hazardous Environment, Drip-Tight, Flame/Explosion, and Others), and By End-use (Industrial, Commercial, Food and Beverage, Energy and Power, Transportation, and Others) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023”, the  global electrical enclosure market  is expected to witness a steady growth, expanding at a CAGR of 5.9% from 2016 to 2023. Browse the Global Electrical Enclosure Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at  https://www.credenceresearch.com/report/electrical-enclosure-market Market Insights: An electrical enclosure is a cabinet for electrical system used to mount knobs and switches and prevent users from electrical shock. Since electrical enclosure housing the electrical equipment is the only part visible to users, the manufactu...
Post a Comment
Read more