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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