Offshore Wind Power Market to Exhibit 19.2% CAGR by 2026; Shift towards Installation of Wind Shores in Deepwater will Augment Growth, says Fortune Business Insights™

Pune, Aug. 19, 2020 (GLOBE NEWSWIRE) — The global offshore wind power market size is poised to showcase significant growth in the coming years on account of the increasing demand for renewable energy. Offshore wind power is the harvesting of wind energy installed in water bodies such as oceans and generating electricity. Offshore wind energy is invested in both deepwaters, coastal areas, lakes, and others. A recent report by Fortune Business Insights, titled, “Offshore Wind Power Market Size, Share and Industry Analysis By Installation (Fixed Structure, Floating Structure), By Water Depth (Up to 30m, Above 30m), By Capacity (Up to 3MW, 3MW to 5MW, Above 5MW) and Regional Forecasts, 2019-2026,” states that the market had a current installed capacity of more than 23 GW in the year 2018. It also predicts the market to rise at a CAGR of 19.2% and reach 94GW by the end of 2026. The forecast period is set between 2019 to 2026.Click here to get the short-term and long-term impact of COVID-19 on this Market.
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An Overview of the Impact of COVID-19 on this Market:The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.The Report Answers the Following Questions:What is the nature of the market for offshore wind power?Who are the key players and what are their strategies?How will deeper installations aid in the expansion of the market?What are the key industry developments of the market?
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