Offshore Wind Energy Market Size, Share, Sales, Analysis, Forecast, Industry Competition & Player Profiles 2023 - 2032

Report code : IS576, Status : Published, Published on: Jan, 2021, Pages : 120 Pages, Format : PDF/PPT/Excel

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Description

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

Turbine
Substructure
Electrical Infrastructure
Others

By Location

Shallow Water
Transitional Water
Deep Water

By Installation

Fixed Structure
Floating Structure

By Capacity

Upto 3 MW
3MW to 5 MW
Above 5 MW

By Application

Electric Power
Oil and Gas
Aviation
Transport
Others

By Region

North America

U.S.
Canada

Europe

Asia Pacific

Japan
China
India
Australia
Rest of APAC

South America

Brazil
Rest of South America

Middle East & Africa

UAE
South Africa
Saudi Arabia
Rest of MEA

Table Of Content

Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
Market Synopsis: Global Offshore Wind Energy Market
Global Offshore Wind Energy Market Qualitative Analysis
- Ecosystem Analysis
  - Role of participants
  - Integration scenario
- Trends
  - Market trends
  - Technology Trends
- PESTLE Analysis (For 5 prominent countries)
- Market Influencers
  - Driving Forces
  - Hindering Forces
  - Opportunities
- COVID-19 impact
- Contribution of Offshore Wind Energy to the Renewable Energy Market
- New Installations of Offshore Wind Energy (GW), by Prominent Country (2021)
  - United Kingdom
  - Germany
  - China
  - United States
- New Announced Projects
- Regulations
Global Offshore Wind Energy Market Analysis and Forecast, by Component
- Overview and definitions
- Key segment analysis
- Global Offshore Wind Energy Market Estimates (US$ Mn), by Component, 2019 – 2032
  - Turbine
  - Substructure
  - Electrical Infrastructure
  - Others

Global Offshore Wind Energy Market Analysis and Forecast, by Water Depth
- Overview and definitions
- Key segment analysis
- Global Offshore Wind Energy Market Estimates (US$ Mn), by Water Depth, 2019 – 2032
  - Shallow Water
  - Transitional Water
  - Deep Water

Global Offshore Wind Energy Market Analysis and Forecast, by Installation
- Overview and definitions
- Key segment analysis
- Global Offshore Wind Energy Market Estimates (US$ Mn and Mega Watt), by Installation, 2019 – 2032
  - Fixed Structure
  - Floating Structure

Global Offshore Wind Energy Market Analysis and Forecast, by Capacity
- Overview and definitions
- Key segment analysis
- Global Offshore Wind Energy Market Estimates (US$ Mn and Mega Watt), by Capacity, 2019 – 2032
  - Up to 3 MW
  - 3MW to 5 MW
  - Above 5 MW

Global Offshore Wind Energy Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Offshore Wind Energy Market Estimates (US$ Mn and Mega Watt), by Region, 2019 – 2032
  - North America
  - Europe
  - Asia Pacific
  - Middle East & Africa
  - South America

North America Offshore Wind Energy Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Offshore Wind Energy Market Estimates (US$ Mn), by Component, 2019 – 2032
  - Turbine
  - Substructure
  - Electrical Infrastructure
  - Others
- North America Offshore Wind Energy Market Estimates (US$ Mn), by Water Depth, 2019 – 2032
  - Shallow Water
  - Transitional Water
  - Deep Water
- North America Offshore Wind Energy Market Estimates (US$ Mn and Mega Watt), by Installation, 2019 – 2032
  - Fixed Structure
  - Floating Structure
- North America Offshore Wind Energy Market Estimates (US$ Mn and Mega Watt), by Capacity, 2019 – 2032
  - Up to 3 MW
  - 3MW to 5 MW
  - Above 5 MW
- North America Offshore Wind Energy Market Estimates (US$ Mn and Mega Watt), Country, 2019 – 2032
  - United States
  - Canada
  - Rest of North America

United States Offshore Wind Energy Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- United States Offshore Wind Energy Market Estimates (US$ Mn), by Component, 2019 – 2032
  - Turbine
  - Substructure
  - Electrical Infrastructure
  - Others
- United States Offshore Wind Energy Market Estimates (US$ Mn), by Water Depth, 2019 – 2032
  - Shallow Water
  - Transitional Water
  - Deep Water
- United States Offshore Wind Energy Market Estimates (US$ Mn and Mega Watt), by Installation, 2019 – 2032
  - Fixed Structure
  - Floating Structure
- United States Offshore Wind Energy Market Estimates (US$ Mn and Mega Watt), by Capacity, 2019 – 2032
  - Up to 3 MW
  - 3MW to 5 MW
  - Above 5 MW

Europe Offshore Wind Energy Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Offshore Wind Energy Market Estimates (US$ Mn), by Component, 2019 – 2032
  - Turbine
  - Substructure
  - Electrical Infrastructure
  - Others
- Europe Offshore Wind Energy Market Estimates (US$ Mn), by Water Depth, 2019 – 2032
  - Shallow Water
  - Transitional Water
  - Deep Water
- Europe Offshore Wind Energy Market Estimates (US$ Mn and Mega Watt), by Installation, 2019 – 2032
  - Fixed Structure
  - Floating Structure
- Europe Offshore Wind Energy Market Estimates (US$ Mn and Mega Watt), by Capacity, 2019 – 2032
  - Up to 3 MW
  - 3MW to 5 MW
  - Above 5 MW
- Europe Offshore Wind Energy Market Estimates (US$ Mn and Mega Watt), Country, 2019 – 2032
  - Germany
  - United Kingdom
  - Belgium
  - Denmark
  - Netherlands
  - Rest of Europe

Asia Pacific Offshore Wind Energy Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Offshore Wind Energy Market Estimates (US$ Mn), by Component, 2019 – 2032
  - Turbine
  - Substructure
  - Electrical Infrastructure
  - Others
- Asia Pacific Offshore Wind Energy Market Estimates (US$ Mn), by Water Depth, 2019 – 2032
  - Shallow Water
  - Transitional Water
  - Deep Water
- Asia Pacific Offshore Wind Energy Market Estimates (US$ Mn and Mega Watt), by Installation, 2019 – 2032
  - Fixed Structure
  - Floating Structure
- Asia Pacific Offshore Wind Energy Market Estimates (US$ Mn and Mega Watt), by Capacity, 2019 – 2032
  - Up to 3 MW
  - 3MW to 5 MW
  - Above 5 MW
- Asia Pacific Offshore Wind Energy Market Estimates (US$ Mn and Mega Watt), Country, 2019 – 2032
  - Japan
  - India
  - China
  - Taiwan
  - Vietnam
  - Rest of Asia Pacific

Middle East & Africa Offshore Wind Energy Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Offshore Wind Energy Market Estimates (US$ Mn), by Component, 2019 – 2032
  - Turbine
  - Substructure
  - Electrical Infrastructure
  - Others
- Middle East & Africa Offshore Wind Energy Market Estimates (US$ Mn), by Water Depth, 2019 – 2032
  - Shallow Water
  - Transitional Water
  - Deep Water
- Middle East & Africa Offshore Wind Energy Market Estimates (US$ Mn and Mega Watt), by Installation, 2019 – 2032
  - Fixed Structure
  - Floating Structure
- Middle East & Africa Offshore Wind Energy Market Estimates (US$ Mn and Mega Watt), by Capacity, 2019 – 2032
  - Up to 3 MW
  - 3MW to 5 MW
  - Above 5 MW
- Middle East & Africa Offshore Wind Energy Market Estimates (US$ Mn and Mega Watt), Country, 2019 – 2032
  - Egypt
  - Morocco
  - Jordan
  - Iran
  - Rest of Middle East

South America Offshore Wind Energy Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Offshore Wind Energy Market Estimates (US$ Mn), by Component, 2019 – 2032
  - Turbine
  - Substructure
  - Electrical Infrastructure
  - Others
- South America Offshore Wind Energy Market Estimates (US$ Mn), by Water Depth, 2019 – 2032
  - Shallow Water
  - Transitional Water
  - Deep Water
- South America Offshore Wind Energy Market Estimates (US$ Mn and Mega Watt), by Installation, 2019 – 2032
  - Fixed Structure
  - Floating Structure
- South America Offshore Wind Energy Market Estimates (US$ Mn and Mega Watt), by Capacity, 2019 – 2032
  - Up to 3 MW
  - 3MW to 5 MW
  - Above 5 MW
- South America Offshore Wind Energy Market Estimates (US$ Mn and Mega Watt), Country, 2019 – 2032
  - Brazil
  - Argentina
  - Rest of South America

Competition Analysis – Offshore Wind Energy Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
  - Nexans
    - Business overview
    - Geographic presence
    - Offerings
    - Financial facts
    - Relevant news and strategic view
  - Siemens Gamesa Renewable Energy
  - Nordex SE
  - Suzlon Energy Limited
  - WEG SA
  - Global Energy Services
  - Senvion Gmbh
  - RTS Wind AG
  - Prysmian Group
  - Sumitomo Electric Industries, Ltd.
  - Equinor
  - General Electric
  - Vestas Wind Systems A/S
  - RWE AG
  - Iberdrola
  - Bergey Windpower
  - Clipper Windpower LLC
  - Northland Power Inc.
  - Vattenfall AB
  - Ørsted

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Frequently asked questions about this report

What are the factors driving the offshore wind energy market?

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.

What are the major driving factors and opportunities in the offshore wind energy market?

What are the top players active 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.

What segments are covered in the offshore wind energy market report?

The global offshore wind energy market segmented on the basis of Component, Location, Installation, Capacity, Application and Region.