The growing demand for wind energy generation in Asia Pacific, the intermittent supply of energy for industries in this region, and growing demand for renewable energy generation remains a promising horizon for growth in the offshore wind energy market. According to International Energy Agency, the offshore wind generation turbines with capacities reaching a record level in 2018, increased to 12 MW from 10MW year earlier.
These turbines, and built-up plants were expected to garner the lowest winning bids since 2017, providing a major push for growth for the offshore wind energy market. Similarly, EU auction results are expected to result in 50% cost-savings in the next five years, thanks to growing off-scale advantages, economy, and clustering of offshore wind energy plants.
The UK offshore wind plants in 2025, would produce wind energy at 52 USD/MWh, which is a sign of a major adoption of offshore wind energy technology in the near future. The rising cost-benefits, and growing adoption of EU technology in newer regions in near future would likely drive growth of the offshore wind energy market.
The expansion of new wind energy generation sites is a major positive emerging in the global wind energy market. In United States, sites have come up in four different states including North Carolina, New Jersey, Maryland, and New York. Moreover, in China, the wind energy generation plant from Taipei, reached capacity of 5.5 GW on its offshore sites.
The company has also signed agreements for power purchase up to 1 GW, announcing revised fee structures for tariffs in 2019. Japan has also removed barriers for permissions to ease way to solve grid connection challenges, promising major growth of large-scale projects in near future.
The limitations experienced in grid connection challenges in China, and Europe are likely to make way for more expansion for the offshore wind energy generation, as costs remain quite high. Moreover, the new revised goals of wind energy generation by 2030, will drive accelerated growth of the offshore wind energy market in near future.
Offshore Wind Energy Market Value Share Analysis, by Geography (2022)
The report titled “Offshore Wind Energy Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global Offshore Wind Energy Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Offshore Wind Energy Market is segmented on the basis of Component, Location, Installation, Capacity, Application, and geography. Based on Component is segmented into Turbine, Substructure, Electrical Infrastructure, Others. Based on Location is segmented into Shallow Water, Transitional Water, Deep Water. Based on Installation is segmented into Fixed Structure, Floating Structure. Based on Capacity is segmented into Upto 3 MW, 3MW to 5 MW, Above 5 MW. Based on Application is segmented into Electric Power, Oil and Gas, Aviation, Transport, Others. Based on geography is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Belgium, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, the UAE, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Offshore Wind Energy Market.
Further, market share of prominent companies in the global Offshore Wind Energy Market would also be estimated.The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Offshore Wind Energy companies.
The global Offshore Wind Energy Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the Offshore Wind Energy business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global Offshore Wind Energy Market.
The key market players include MHI-Vestas, Goldwind, General Electric, Furukawa Electric Co. Ltd., Nexans, Siemens Gamesa and Enercon.
Offshore Wind Energy Market Report is Segmented as Below:
By Component
By Location
By Installation
By Capacity
By Application
By Region
The rising cost-benefits, and growing adoption of EU technology in newer regions in near future would likely drive growth of the offshore wind energy market.
The growing demand for wind energy generation in Asia Pacific, the intermittent supply of energy for industries in this region, and growing demand for renewable energy generation remains a promising horizon for growth in the offshore wind energy market.
The major active players are MHI-Vestas, Goldwind, General Electric, Furukawa Electric Co. Ltd., Nexans, Siemens Gamesa and Enercon.
The global offshore wind energy market segmented on the basis of Component, Location, Installation, Capacity, Application and Region.
Copyright © 2024 Same Page Management Consulting Pvt. Ltd. (insightSLICE) | All Rights Reserved