The global offshore wind energy market could be worth $57.2bn in 2022, compared with $20.3bn last year, according to a new report.
The report by Indian company Zion Market Research said that the expand will grow by a compound annual growth rate of 16.2% between 2017 and 2022.
It analyses current market trends, foundations, water depths, the competitive landscape of the sector, regional developments and companies.
The report is entitled ‘Offshore Wind Energy Market: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022′.
Image: reNEWS
Offshore ‘worth $57.7bn’ by 2022
Report by Zion Market Research says sector to grow 16.2% a year
By EBS