Japan leads in Global Ocean and Offshore Energy RD&D with $20.11M, followed by France and the UK. Norway and the Netherlands showed significant growth in 2023, seeing quadruple-digit percentage increases, while Japan, Denmark, South Korea, and Australia saw declines. Other countries like Germany, Mexico, and Belgium remained stable. Looking at the past five years, variations provide a mixed picture with uneven growth across the board.
Future trends to watch include the continuing rise of Norway and Netherlands as emerging leaders in this sector, aided by increasing demand for sustainable energy solutions. Markets may see increased diversification in RD&D investments driven by governmental policies and market demand.
Top countries in Ocean and Offshore Energy RD&D Share by Country (Million US Dollars PPP = 2018)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 20.11 | 2023 | +1.69% | -10.02% | View data |
| 2 | 2 France | 17.51 | 2023 | +13.57% | +7.69% | View data |
| 3 | 3 United Kingdom | 15.41 | 2023 | +5.46% | +7.35% | View data |
| 4 | 4 Germany | 10.9 | 2023 | +1.66% | View data | |
| 5 | 5 Norway | 9.91 | 2023 | +27.98% | +124.13% | View data |
| 6 | 6 Mexico | 5.51 | 2023 | +21.31% | +0.57% | View data |
| 7 | 7 Netherlands | 5.47 | 2023 | +1.69% | +185.29% | View data |
| 8 | 8 Denmark | 4.57 | 2023 | +1.94% | -18.83% | View data |
| 9 | 9 Ireland | 2.93 | 2023 | +9.58% | -0.056% | View data |
| 10 | 10 Sweden | 2.36 | 2023 | +1.6% | +5.08% | View data |
