In recent years, the offshore wind energy market has been ablaze and all indications are that it will only continue to grow. Accord… In recent years, the offshore wind energy market has been ablaze and all indications are that it will only continue to grow. According to report by Global Market Insights Inc., the offshore energy market—windfarms constructed on bodies of water—will surpass $60 billion by 2024. The reason for the expected growth is the worldwide quest for more sustainable and cleaner energy sources. Currently, the largest offshore wind energy farms are in Northern Europe and Germany, but the market is gaining steam with the U.S. and China also investing heavily in the offshore wind energy market, according to Global Market Insights “In the current scenario, wind energy is considered among the mature energy sources, since its first deployment in Denmark,” said Ankit Gupta, who is the research manager for energy and power with Global Market Insights. “The Global Wind Energy Council in 2016 claimed that the unconventional energy system will be led by wind. Subject to the fact, offshore wind industry has been gaining momentum, as to contribute majorly in achieving renewable energy targets across the globe.” At […]

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