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Offshore Wind Power Market to Reach a Capacity of 94 GW by 2026; Rising Investments & Growing Demand for Renewable Energy Generation to Propel Market Growth: Says Fortune Business Insights™ padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
offshore wind power market size is anticipated to reach a capacity of approximately
94 GW by 2026, exhibiting a
CAGR of 19.2% during the forecast period. The growth is primarily attributable to the rising investments in wind power projects. Favorable government policies are also complementing the market growth. Fortune Business Insights™ has presented this information in their report titled, “Offshore Wind Power Market, 2019-2026”. The market size stood at 23 GW in 2018.
Offshore wind power is one of the most valuable renewable energy sources worldwide. The market has gradually been gaining traction and is expected to witness substantial growth in the forthcoming years. The global market comprises countries like U.K., Denmark, Germany, China, and Belgium as the leading territories.