Report on offshore wind sees a $55 billion market by 2022

By Paul Dvorak The report “Offshore Wind Market by Component (Turbine, Substructure, and Electrical Infrastructure), Turbine Module, Substructure Type, Location (Shallow Water, Transitional Water, and Deep Water), and Region – Global Forecast to 2022”, published by MarketsandMarkets, is expected to grow from an estimated $27.02 billion in 2017 to $55.11 billion by 2022, registering a CAGR of 15.32% from 2017 to 2022.
The tier of companies has been defined on the basis of their total revenue. As of 2015, Tier 1 => $10 billion. Tier 2 = from $1 billion to 10 billion, and Tier 3 =< $1 billion
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