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Offshore ‘worth $57.7bn’ by 2022

Report by Zion Market Research says sector to grow 16.2% a year

Offshore ‘worth $57.7bn’ by 2022 image

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’.

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