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The Worldwide Offshore Wind Turbine Industry is Expected to Reach $28+ Billion by 2025
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The offshore wind turbine market is expected to grow at a compound annual growth rate of 17.19% over the forecast period to reach a market size of US$28.612 billion in 2025 from US$11.044 billion in 2019. Offshore Wind Turbine are the pivotal infrastructure in the wind renewable market. The turbines harness the wind energy and transform into the electricity. As per the offering, the offshore wind turbine market provides a plethora of services such as material expertise, welding solutions, coatings and resurfacing, design modelling of the wind turbine facility, installing sensors for regular monitoring and conducting inspections to the sites.
The Worldwide Offshore Wind Turbine Industry is Expected to Reach $28+ Billion by 2025
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