The global Offshore Wind Market is expected to grow from an estimated USD 31.8 billion in 2021 to USD 56.8 billion by 2026, at a CAGR of 12.3% during the forecast period. Offshore wind is a crucial pillar in energy mix together with onshore wind for regions such as Europe, Asia Pacific, and North America... Continue Reading →
Renewable Drones Market Likely to Experience a Tremendous Growth in Near Future
The global Renewable Drones Market size will grow to USD 148 million by 2025 from USD 45 million in 2020, at a CAGR of 27.1% during the forecast period. The rising adoption of drones for reducing inspection, increasing focus on asset optimization are the driving factors for the Renewable Drones Market, globally. Technological developments software for... Continue Reading →
Offshore Wind: Increasing Global Investments in Renewable Energy are likely to fuel the Market Growth
According to the new market research report "Offshore Wind Market by Component (Turbines (Nacelle, Rotors & Blades, Tower), Substructure, Electrical Infrastructure), Location (Shallow Water, Transitional Water, & Deepwater) and Region (North America, Asia Pacific, & Europe) - Global forecast to 2026", published by MarketsandMarkets™, the global offshore wind market size will grow to USD 56.8... Continue Reading →
Offshore Decommissioning Market: Growing Focus on Mature Oil and Gas Fields and Aging Offshore Platforms
According to the new market research report "Offshore Decommissioning Market by Service (Well Plugging & Abandonment, Platform Removal, Conductor Removal) Depth (Shallow, Deepwater) Structure (Topsides, Substructure) Removal (Leave in Place, Partial, Complete), and Region - Global Forecast to 2027", published by MarketsandMarkets™, the Offshore Decommissioning Market size is expected to grow from an estimated USD... Continue Reading →
The Offshore Support Vessel Market Growth is driven by Robust Investments in the Offshore Oil & Gas and Renewable Sectors
According to the new market research report "Offshore Support Vessel Market by Type (AHTS, PSV, MPSV, Standby & Rescue Vessel, Crew Vessel, Chase Vessel, Seismic Vessel), Application (Shallow water and Deepwater), End-User (Oil & Gas and Offshore Wind), and Region - Global Forecast to 2026", published by MarketsandMarkets™, the global Offshore Support Vessel Market is... Continue Reading →
Offshore Support Vessel Market: Robust Investments in Offshore Oil & Gas and Renewable Sectors
The global offshore support vessel market is estimated to grow from USD 20.1 billion in 2018 to USD 25.7 billion by 2023, at a CAGR of 5.04% from 2018 to 2023. The market in Asia Pacific is estimated to be the largest market for offshore support vessels, followed by Europe and North America. This trend... Continue Reading →
Renewable Drones Market: Rising adoption of drones to reduce cost of inspection operation
According to the new market research report published by MarketsandMarkets™, the Renewable Drones Market size will grow to USD 148 million by 2025 (forecast year) from USD 45 million in 2020 (estimated year), at a CAGR of 27.1% from 2020 to 2025. Increasing adoption of drones for reducing cost of inspection operation, focus on asset... Continue Reading →
Offshore Support Vessel Market Opportunity: Aging Offshore Infrastructure Leading to Replacement and Decommissions
The global offshore support vessel market is projected to grow at a CAGR of 5.04% from 2018 to 2023. The market in Asia Pacific is estimated to be the largest market for offshore support vessels, followed by Europe and North America in 2018. This trend is expected to continue until 2023. Also, the North American... Continue Reading →
Offshore Wind Market Projected to Reach $55,109.6 Million by 2022
The offshore wind market is expected to grow from an estimated USD 27,019.1 million in 2017 to USD 55,109.6 million by 2022, registering a CAGR of 15.32% from 2017 to 2022. The global market is witnessing significant growth due to rising energy demand coupled with increasing share of renewables in the power generation mix, regulations... Continue Reading →
Offshore Wind Market Insights Global Briefing by Experts 2017 to 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.... Continue Reading →