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- Offshore Wind Power Market
Under the rising concept of sustainable development in the world, while responding to carbon neutrality, energy transformation is the goal of global common development. In recent years, offshore wind power has become the focus of renewable energy. While Taiwan's offshore wind power industry is about to catch up, mature European countries have begun to discuss the issue of decommissioning wind turbines.
To reduce damage to the environment, offshore wind power has become one of the trends, and many countries have invested a lot of manpower in development, becoming one of the energy sources. Offshore wind farms are not limited to offshore wind turbines, including submarine cables, offshore substations, and submarine foundation piles.
Not just Taiwan, but the whole world is currently at a critical moment in energy transition. With the increasing demand for green electricity, more and more governments or organizations are paying attention to the development of green and low-carbon energy. Among the developing technologies, wind power is the mainstay. The development of wind power not only promotes a solution for green energy electricity consumption, but also plays a key role in economic growth. The acceleration and momentum of wind powered electric generation has brought new opportunities in industrial upgrading and transformation that will drive the economy.
As industry 4.0 technology continues to advance, existing data can be harnessed to develop machine-learning solutions that deliver real value, optimize decision making, increase flexibility, and attract top talent.
Looking forward to the global offshore wind power market from 2019 to 2030, the annual compound growth rate will reach 15.2%. The global cumulative installed capacity will reach 86GW in 2025 and 142GW in 2030. China, the UK, and Germany will become the world’s top three markets. India, the United States, and Taiwan will become emerging markets with the greatest growth potential!
According to the economic growth data currently released by the US Department of U.S. Bureau of Economic Analysis (BEA), in the third quarter of 2019, US private consumption reached a growth rate of 2.6%. Compared with private consumption, the growth rate of private investment is the lowest since President Trump ’s tenure, only 0.4%.
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