Offshore Wind Market Set for Rapid Growth to Reach Value $55.11 Billion by 2022
The offshore wind market has been rapidly growing, especially in Europe as it contributed to 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. This trend is expected to continue till 2022. The growth of the offshore wind market is driven by an increasing share of renewable energy in power generation, energy efficiency mandates demanding carbon emission reduction,...
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