In 2023, Ireland led global ocean and offshore energy RD&D budgets, although it saw a slight decrease of 0.81%. Notably, Norway and the Netherlands exhibited significant year-on-year increases of 145.76% and 164.31%, respectively, indicating a rising commitment to energy research. Conversely, Denmark and Spain witnessed notable declines of 25.09% and 15.65% over the same period.
Future trends suggest countries such as Norway and the Netherlands may continue to expand their investments, driven by both resource potential and policy support for green energy. Monitoring these trends will be crucial for understanding shifts in global energy research leadership.
Top countries in Ocean and Offshore Energy RD&D by Country
| # | 10 Countries | Percent of Total Energy RD&D Budget | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ireland | 25.83 | 2023 | +7.45% | -0.81% | View data |
| 2 | 2 Norway | 12.55 | 2023 | +26.9% | +145.76% | View data |
| 3 | 3 Denmark | 7.28 | 2023 | +2.39% | -25.09% | View data |
| 4 | 4 Mexico | 7.05 | 2023 | +21.34% | +13.16% | View data |
| 5 | 5 United Kingdom | 2.91 | 2023 | +5.43% | +5.85% | View data |
| 6 | 6 Netherlands | 2.58 | 2023 | +1.57% | +164.31% | View data |
| 7 | 7 Sweden | 2.2 | 2023 | +1.38% | +1.92% | View data |
| 8 | 8 France | 2.08 | 2023 | +16.2% | +7.78% | View data |
| 9 | 9 Spain | 2.02 | 2023 | +2.02% | -15.65% | View data |
| 10 | 10 Japan | 1.52 | 2023 | +1.33% | -9.4% | View data |
