Fortune Business Insights, a provider of meticulous analysis with a specialized focus on accuracy of data obtained, recently published a report including a market forecast, analysis and insight on the global offshore wind power market. As economic demands and popularity increase in offshore wind power the United Kingdom and China are expected to lead the global market, with the demand of energy consumption increasing and resources continue to decrease in the forecasted reporting years. In terms of water depth, shallow levels under 30 meters (“M”) are currently leading in the market due to the ease of technological access. While current deep-water instillation is slow to progress due to demands of heavy on-site equipment, the market anticipate significant gains by year-end 2026 through the development of floating wind power systems. According to the report the market is expected to progress at a CAGR of 19.2 percent. In the global market between 2018 and 2026 the installed capacity is expected to increase from 23 gallons of water (“GW”) to 94 GW.
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The cycle of disruption and transformation is imminent for businesses looking to carve out a niche in highly competitive environments. While a few companies are focusing on transformational growth and addressing key challenges of disruptions, several others are simply unaware. Fortune Business Insights offers end-to-end solutions beyond flagship research technologies to help senior leaders across enterprises achieve their mission-critical goals. The company delivers recommendations enabling growth to help build organizations of tomorrow. For more information, visit the company’s website at www.FortuneBusinessInsights.com.
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