The Global Ocean and Offshore Energy RD&D investments in 2023 highlighted Japan leading with the highest budget but saw a significant reduction. France and the UK showed growth, alongside Germany's stable funding. Norway and the Netherlands exhibited significant increases in their investments, indicating aggressive expansion. Denmark and South Korea experienced notable declines, while Mexico, Ireland, and Sweden maintained relatively stable budgets. Other countries like Spain, Canada, and Australia observed declining trends in funding.
Future trends to watch include Norway and the Netherlands potentially emerging as leaders in innovation, driven by their substantial investment increases. Meanwhile, countries like France and the UK could capitalize on their steady growth to strengthen their positions in the global landscape.
Top countries in Ocean and Offshore Energy RD&D by Country
| # | 10 Countries | Million US Dollars PPP = 2018 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 48.64 | 2023 | +1.69% | -10.02% | View data |
| 2 | 2 France | 42.35 | 2023 | +13.57% | +7.69% | View data |
| 3 | 3 United Kingdom | 37.28 | 2023 | +5.46% | +7.35% | View data |
| 4 | 4 Germany | 26.37 | 2023 | +1.66% | View data | |
| 5 | 5 Norway | 23.98 | 2023 | +27.98% | +124.13% | View data |
| 6 | 6 Mexico | 13.32 | 2023 | +21.31% | +0.57% | View data |
| 7 | 7 Netherlands | 13.23 | 2023 | +1.69% | +185.29% | View data |
| 8 | 8 Denmark | 11.05 | 2023 | +1.94% | -18.83% | View data |
| 9 | 9 Ireland | 7.09 | 2023 | +9.58% | -0.056% | View data |
| 10 | 10 Sweden | 5.7 | 2023 | +1.6% | +5.08% | View data |
