Offshore Wind Turbine Market to Grow With a 13.75% CAGR through 2027
Higher energy consumption drives the growth of the global offshore wind turbine market in the upcoming five years. According to TechSci Research report, “ Offshore Wind Turbine Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 ”. Global offshore wind turbine market is anticipated to register an impressive growth with a CAGR of 13.75% during the forecast period, to achieve a market value of USD62.79 Billion by 2027. The market growth can be attributed to a surge in the consumption of energy throughout the world. Various end-use industries demand for large quantities of electricity and the consumption of electricity from the residential and corporate sectors is also rapidly increasing, thereby driving the growth of the global offshore wind turbine market in the upcoming five years. Moreover, increasing use of smart devices, home appliances, and technologically advanced equipment drives the market’s growth. Corporates are a...