US Offshore Wind Market Size, Growth Trends and Outlook

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US Offshore Market — The US offshore market spans oil & gas exploration, offshore wind, subsea infrastructure, and services including installation and decommissioning; regulatory, energy and environmental policies strongly influence activity.

The US Offshore Market is a rapidly emerging and transformative sector within the American energy landscape. This market is primarily focused on offshore wind energy, a critical component of the nation’s push toward clean power and decarbonization. Unlike the mature offshore markets in Europe and Asia, the US market is in its nascent stages but is accelerating at an unprecedented pace.

The market's growth is driven by ambitious federal and state-level renewable energy targets, an abundant offshore wind resource along the coasts, and a growing recognition of offshore wind's potential to provide large-scale, reliable, and baseload power to major coastal population centers. The market is not just about building turbines; it involves a complex ecosystem of port infrastructure, specialized vessels, and a new domestic supply chain that is being built from the ground up.

 

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