Offshore Wind Energy Market Size, Share, Analysis Report

Offshore Wind Energy Market by Geography - Global Industry Analysis and Forecast

The offshore wind energy market is expected to be around 126562 MW by 2027; Growing at a CAGR of more than 25% in the given forecast period.

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MARKET SNAPSHOT

Major Players

Study period:

2022-2027

Base Year:

2021

CAGR:

25

Fastest Growing Market:

APAC

Largest Market:

North America

REPORT DESCRIPTION

Offshore wind energy is the use of wind farms made offshore, typically on the ocean bottom, to reap wind energy to get electricity. Stronger wind speeds square measure out there offshore compared towards the land, therefore offshore wind powers involvement in terms of electricity supplied is higher. Offshore wind turbines are used by a various countries to harness the energy of strong, reliable winds that are originated over the oceans.
Offshore wind energy has various benefits over its onshore counterpart. Apart from very fact that higher wind speeds could also be controlled in offshore environments. Various countries don’t have feasible land exists whereby wind energy are often controlled or have already exhausted their onshore wind resources. In all of the same situations, offshore wind energy will convince be a very viable alternative.
 
How Big is the Offshore Wind Energy Market?
The offshore wind energy market is expected to be around 126562 MW by 2027; Growing at a CAGR of more than 25% in the given forecast period.
The major driving factors of offshore wind energy market are as follows:
 
1) Various advantages over its onshore counterpart is considerably bolstering capability additions in the offshore wind segment.
2) Conducive inducement mechanisms and regulative frameworks for the offshore wind energy sector growing investments and fast capacity additions.
3) Rising consumption of project financing in offshore wind energy projects is projected to raise investor confidence and speed up capacity additions.
 
The restraining factors of offshore wind energy market are as follows:
 
1) High capital costs related with the project are hampering quick capacity additions.
2) Presences of bottleneck in the supply chain hinder brisk project expansion activities in the offshore segment.
 
The offshore wind energy market’s geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil and GCC countries.
 
This report provides:
 
1) An overview of the global market for offshore wind energy and related technologies.
2) Analyses of global market trends, with data from 2019, estimates for 2020 and 2021, and projections of compound annual growth rates (CAGRs) through 2027.
3) Identifications of new market opportunities and targeted promotional plans for offshore wind energy.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry. 
 
REPORT SCOPE:
The scope of the report includes a detailed study of global and regional markets for Offshore Wind Energy with the reasons given for variations in the growth of the industry in certain regions.
 
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include China Ming Yang Wind Power, Nordex, Suzlon, Dong Energy, Sinovel Win, GE Wind Energy, Gamesa, Vestas, and Siemens. Company profile includes assign such as company summary, financial summary,business strategy and planning, SWOT analysis and current developments. 
 
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players. 
 
The Offshore wind energy Market has been segmented as below:  
 
By Regional Analysis

 
North America
Europe
Asia-Pacific
Rest of the World
 
Reasons to Buy this Report:
1) Obtain the most up to date information available on all offshore wind energy market globally.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of offshore wind energy data.
4) Assess your competitor’s refining portfolio and its evolution. 
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chapter 1    INTRODUCTION    
 1.1    Key Take Aways    
    1.2    Report Description    
    1.3    Markets Covered    
    1.4    Stakeholders    
    1.5    Research Methodology    
        1.5.1    Market Size    
        1.5.2    Market Share    
        1.5.3    Key Data Points From Secondary Sources    
        1.5.4    Key Data Points From Primary Sources

Chapter 2 Executive Summary

2.1 Global Offshore Wind Energy Market

Chapter 3 Offshore Wind Energy Market – Industry Analysis

3.1 Introduction

3.2 Value Chain Analysis: Offshore Wind Energy Market

3.3 Market Drivers

       3.3.1 Numerous Advantages Over Its Onshore Counterpart Is Significantly Bolstering Capacity Additions In The Offshore Wind Sector

               3.3.1.1 Cumulative Installed Capacity for Onshore and Offshore Wind Power, 2019 – 2025 (MW)

       3.3.2 Conducive Incentive Mechanisms And Regulatory Frameworks For The Offshore Wind Energy Sector Increasing Investments And Accelerating Capacity Additions

       3.3.3 Increasing Utilization Of Project Financing In Offshore Wind Energy Projects Is Expected To Increase Investor Confidence And Speed Up Capacity Additions

3.4 Market Restraints

       3.4.1 Higher Capital Costs Associated With Projects Are Hampering Brisk Capacity Additions

       3.4.2 Presence Of Bottlenecks In The Supply Chain Hampers Brisk Project Development Activities In The Offshore Sector

3.5 Market Opportunities

       3.5.1 New Offshore Projects Using Floating Wind Turbines Are Expected To Result In A Spurt Of Project Development Activities In Deepwater Locations

3.6 Porter’s five forces analysis: Offshore Wind Energy Market

       3.6.1 Bargaining power of suppliers

       3.6.2 Bargaining power of buyers

       3.6.3 Threat from new entrants

       3.6.4 Degree of competition

       3.6.5 Threat from substitutes

3.7 Offshore Wind Energy Sector – Deal Analysis

       3.7.1 Vestas Wind Systems A/S (Vestas) and Mitsubishi Heavy Industries Ltd. (MHI) Joint Venture

       3.7.2 Areva S.A and Gamesa Corporación Tecnológica (Gamesa) Joint Venture

       3.7.3 Siemens AG acquisition of A2SEA A/S

3.8 Offshore Wind Energy Sector – Capital Cost Analysis

       3.8.1 Conceptualization Costs

               3.8.1.1 Global Offshore Wind Energy Market, Conceptualization Cost Breakdown, By Cost Component, 2014

       3.8.2 Wind Turbine Costs

               3.8.2.1 Global Offshore Wind Energy Market, Wind Turbine Cost Breakdown, By Cost Component, 2014

       3.8.3 Balance of Plant Costs

               3.8.3.1 Global Offshore Wind Energy Market, Balance of Plant Cost Breakdown, By Cost Component, 2014

       3.8.4 Installation Costs

               3.8.4.1 Global Offshore Wind Energy Market, Installation Cost Breakdown, By Cost Component, 2014

       3.8.5 Total Lifetime Costs

               3.8.5.1 Global Offshore Wind Energy Market, Total Lifetime Cost Breakdown, By Cost Component, 2014

3.9 Offshore Wind Energy Sector – Cost Reduction Opportunity Analysis

       3.9.1 Turbine Cost

               3.9.1.1 Global Offshore Wind Energy Market, Turbine Cost Reduction Opportunities, By Reduction Factors, 2014

               3.9.1.2 Global Offshore Wind Energy Market, Turbine Cost Reduction Possibilities, By Percentage Reduction & Probability, 2014

               3.9.1.3 Europe Offshore Wind Energy Market, Average Installed Turbine Size, By Capacity per Turbine, 2000 – 2013

       3.9.2 Foundation Costs

               3.9.2.1 Global Offshore Wind Energy Market, Foundation Cost Reduction Opportunities, By Reduction Factors, 2014

               3.9.2.2 Global Offshore Wind Energy Market, Foundation Cost Reduction Possibilities, By Percentage Reduction & Probability, 2017

       3.9.3 Grid Connection Costs

               3.9.3.1 Global Offshore Wind Energy Market, Grid Connection Cost Reduction Possibilities, By Percentage Reduction & Probability, 2017

       3.9.4 Installation Costs

               3.9.4.1 Global Offshore Wind Energy Market, Installation Cost Reduction Opportunities, By Reduction Factors, 2014

               3.9.4.2 Global Offshore Wind Energy Market, Installation Cost Reduction Possibilities, By Percentage Reduction & Probability, 2017

3.10 Market Attractiveness Analysis

       3.10.1 Market Attractiveness Analysis of Global Offshore Wind Energy Market, by Region, 2018

Chapter 4 Offshore Wind Energy Market: Regional Analysis

4.1 Offshore Wind Energy Market: Regional overview

       4.1.1 Global Offshore Wind Energy Market, volume and revenue share by region, 2019 and 2025

4.2 North America

       4.2.1 North America Offshore Wind Energy Market, volume share by country, 2019 and 2025

       4.2.2 North America Offshore Wind Energy Market estimates and forecast, 2019 – 2025 (MW) (USD Million)       

       4.2.3 North America Offshore Wind Energy Market Annual Capacity Additions, 2019 – 2025 (MW)

       4.2.4 North America Offshore Wind Energy Market Annual Investments [Revenue], 2019 – 2025 (USD Million)

       4.2.5 The U.S.

               4.2.5.1 The U.S. Offshore Wind Energy Market estimates and forecast, 2019 – 2025 (MW) (USD Million)

               4.2.5.2 The U.S. Offshore Wind Energy Market Annual Capacity Additions, 2019 – 2025 (MW)

               4.2.5.3 The U.S. Offshore Wind Energy Market Annual Investments [Revenue], 2019 – 2025 (USD Million)

               4.2.5.4 Offshore Wind Energy Project List: The U.S.

       4.2.6 Rest of North America

               4.2.6.1 Rest of North America Offshore Wind Energy Market estimates and forecast, 2019 – 2025 (MW) (USD Million)

               4.2.6.2 Rest of North America Offshore Wind Energy Market Annual Capacity Additions, 2019 – 2025 (MW)

               4.2.6.3 Rest of North America Offshore Wind Energy Market Annual Investments [Revenue], 2019 – 2025 (USD Million)

               4.2.6.4 Offshore Wind Energy Project List: Rest of North America

4.3 Europe

      4.3.1 Europe Offshore Wind Energy Market, volume share by country, 2019 – 2025

      4.3.2 Europe Offshore Wind Energy Market estimates and forecast, 2019 – 2025 (MW) (USD Million)

      4.3.3 Europe Offshore Wind Energy Market Annual Capacity Additions, 2019 – 2025 (MW)

      4.3.4 Europe Offshore Wind Energy Market Annual Investments [Revenue], 2019 – 2025 (USD Million)

      4.3.5 U.K

               4.3.5.1 U.K Offshore Wind Energy Market estimates and forecast, 2019 – 2025 (MW) (USD Million)

               4.3.5.2 U.K Offshore Wind Energy Market Annual Capacity Additions, 2019 – 2025 (MW)

               4.3.5.3 U.K Offshore Wind Energy Market Annual Investments [Revenue], 2019 – 2025 (USD Million)

               4.3.5.4 Offshore Wind Energy Project List: U.K

       4.3.6 Germany

               4.3.6.1 Germany Offshore Wind Energy Market estimates and forecast, 2019 – 2025 (MW) (USD Million)

               4.3.6.2 Germany Offshore Wind Energy Market Annual Capacity Additions, 2019 – 2025 (MW)

               4.3.6.3 Germany Offshore Wind Energy Market Annual Investments [Revenue], 2019 – 2025 (USD Million)

               4.3.6.4 Regulatory Snapshot – Germany Offshore Wind

               4.3.6.5 Offshore Wind Energy Project List: Germany

       4.3.7 Denmark

               4.3.7.1 Denmark Offshore Wind Energy Market estimates and forecast, 2019 – 2025 (MW) (USD Million)

               4.3.7.2 Denmark Offshore Wind Energy Market Annual Capacity Additions, 2019 – 2025 (MW)

               4.3.7.3 Denmark Offshore Wind Energy Market Annual Investments [Revenue], 2019 – 2025 (USD Million)

               4.3.7.4 Offshore Wind Energy Project List: Denmark

        4.3.8 Belgium

               4.3.8.1 Belgium Offshore Wind Energy Market estimates and forecast, 2019 – 2025 (MW) (USD Million)

               4.3.8.2 Belgium Offshore Wind Energy Market Annual Capacity Additions, 2019 – 2025 (MW)

               4.3.8.3 Belgium Offshore Wind Energy Market Annual Investments [Revenue], 2019 – 2025 (USD Million)

               4.3.8.4 Permitting and Licensing – Belgium Offshore Wind Sector

                          4.3.8.4.1 Domain Concession

                          4.3.8.4.2 Construction Authorization and Operating License

                          4.3.8.4.3 Submarine Cable License

               4.3.8.5 Offshore Wind Energy Project List: Belgium

       4.3.9 Sweden

               4.3.9.1 Sweden Offshore Wind Energy Market estimates and forecast, 2019 – 2025 (MW) (USD Million)

               4.3.9.2 Sweden Offshore Wind Energy Market Annual Capacity Additions, 2019 – 2025 (MW)

               4.3.9.3 Sweden Offshore Wind Energy Market Annual Investments [Revenue], 2019 – 2025 (USD Million)

               4.3.9.4 Offshore Wind Energy Project List: Sweden

       4.3.10 Netherlands

               4.3.10.1 Netherlands Offshore Wind Energy Market estimates and forecast, 2019 – 2025 (MW) (USD Million)

               4.3.10.2 Netherlands Offshore Wind Energy Market Annual Capacity Additions, 2019 – 2025 (MW)

               4.3.10.3 Netherlands Offshore Wind Energy Market Annual Investments [Revenue], 2019 – 2025 (USD Million)

               4.3.10.4 The Dutch Offshore Wind Development Plan

               4.3.10.5 Regulatory Snapshot – Netherlands Offshore Wind

                           4.3.10.5.1 Designated Wind Farm Zones

                           4.3.10.5.2 Government Siting Decision

                           4.3.10.5.3 Site Data Provision

                           4.3.10.5.4 Allocation of Grid Connection

                           4.3.10.5.5 Tendering of Grants

               4.3.10.6 Offshore Wind Energy Project List: Netherlands

     4.3.11 Rest of Europe

               4.3.11.1 Rest of Europe Offshore Wind Energy Market estimates and forecast, 2019 – 2025 (MW) (USD Million)

               4.3.11.2 Rest of Europe Offshore Wind Energy Market Annual Capacity Additions, 2019 – 2025 (MW)

               4.3.11.3 Rest of Europe Offshore Wind Energy Market Annual Investments [Revenue], 2019 – 2025 (USD Million)

               4.3.11.4 Offshore Wind Energy Project List: Rest of Europe

       4.3.12 Europe Offshore Wind Energy Market, Company Market Share, By Annual Installation and Cumulative Capacity, 2010 and 2014

       4.3.13 Europe Offshore Wind Energy Market, Foundation Trends Analysis, 2019 – 2025 (Units)

4.4 Asia Pacific

       4.4.1 Asia Pacific Offshore Wind Energy Market, volume share by country, 2019 – 2025

       4.4.2 Asia Pacific Offshore Wind Energy Market estimates and forecast, 2019 – 2025 (MW) (USD Million)

       4.4.3 Asia Pacific Offshore Wind Energy Market Annual Capacity Additions, 2019 – 2025 (MW)

       4.4.4 Asia Pacific Offshore Wind Energy Market Annual Investments [Revenue], 2019 – 2025 (USD Million)

       4.4.5 China

               4.4.5.1 China Offshore Wind Energy Market estimates and forecast, 2019 – 2025 (MW) (USD Million)

               4.4.5.2 China Offshore Wind Energy Market Annual Capacity Additions, 2019 – 2025 (MW)

               4.4.5.3 China Offshore Wind Energy Market Annual Investments [Revenue], 2019 – 2025 (USD Million)

       4.4.6 China Offshore Wind Energy Market, Company Market Share, By Cumulative Capacity, 2019

               4.4.6.1 Foundation Type Analysis: China Offshore Wind

               4.4.6.2 Current Challenges – China Offshore Wind

                          4.4.6.2.1 Project Developer Challenges

                          4.4.6.2.2 Turbine Manufacturer Challenges

                          4.4.6.2.3 Substructure Challenges

                          4.4.6.2.4 Installation and Connectivity Challenges

               4.4.6.3 Offshore Wind Energy Project List: China

      4.4.7 Japan

               4.4.7.1 Japan Offshore Wind Energy Market estimates and forecast, 2019 – 2025(MW) (USD Million)

               4.4.7.2 Japan Offshore Wind Energy Market Annual Capacity Additions, 2019 – 2025 (MW)

               4.4.7.3 Japan Offshore Wind Energy Market Annual Investments [Revenue], 2019 – 2025 (USD Million)

               4.4.7.4 Offshore Wind Energy Targets – Japan

               4.4.7.5 Offshore Wind Energy Project List: Japan

       4.4.8 Rest of Asia Pacific

               4.4.8.1 Rest of Asia Pacific Offshore Wind Energy Market estimates and forecast, 2019 – 2025 (MW) (USD Million)

               4.4.8.2 Rest of Asia Pacific Offshore Wind Energy Market Annual Capacity Additions, 2019 – 2025 (MW)

               4.4.8.3 Rest of Asia Pacific Offshore Wind Energy Market Annual Investments [Revenue], 2019 – 2025 (USD Million)

               4.4.8.4 Offshore Wind Energy Project List: Rest of Asia Pacific

4.5 Rest of the World

      4.5.1 Rest of the World Offshore Wind Energy Market estimates and forecast, 2019 – 2025 (MW) (USD Million)

               4.5.1.1 Rest of the World Offshore Wind Energy Market Annual Capacity Additions, 2019 – 2025 (MW)

               4.5.1.2 Rest of the World Offshore Wind Energy Market Annual Investments [Revenue], 2019 – 2025 (USD Million)

 

Chapter 5 Company Profiles

5.1 Siemens Wind Power

       5.1.1 Company Overview

       5.1.2 Product Portfolio

       5.1.3 Financial Overview

       5.1.4 Business Strategy

       5.1.5 Recent Developments

5.2 Vestas Wind Systems A/S

       5.2.1 Company Overview

       5.2.2 Product Portfolio

       5.2.3 Financial Overview

       5.2.4 Business Strategy

       5.2.5 Recent Developments

5.3 Goldwind Science and Technology Co., Ltd.

       5.3.1 Company Overview

       5.3.2 Product Portfolio

       5.3.3 Financial Overview

       5.3.4 Business Strategy

       5.3.5 Recent Developments

5.4 Gamesa Corporacion Tecnologica SA

       5.4.1 Company Overview

       5.4.2 Product Portfolio

       5.4.3 Financial Overview

       5.4.4 Business Strategy

       5.4.5 Recent Developments

5.5 GE Wind Energy

       5.5.1 Company Overview

       5.5.2 Product Portfolio

       5.5.3 Financial Overview

       5.5.4 Business Strategy

       5.5.5 Recent Developments

5.6 Sinovel Wind Group Co., Ltd.

       5.6.1 Company overview

       5.6.2 Product Portfolio

       5.6.3 Business Strategy

5.7 Dong Energy A/S

       5.7.1 Company Overview

       5.7.2 Product portfolio

       5.7.3 Financial Overview

       5.7.4 Business Strategy

       5.7.5 Recent developments

5.8 Suzlon Group

       5.8.1 Company Overview

       5.8.2 Product Portfolio

       5.8.3 Financial Overview

       5.8.4 Business Strategy

       5.8.5 Recent Developments

5.9 Nordex SE

       5.9.1 Company Overview

       5.9.2 Product portfolio

       5.9.3 Financial overview-

       5.9.4 Business strategy

       5.9.5 Recent developments:

5.10 China Ming Yang Wind Power Group Limited

       5.10.1 Company overview

       5.10.2 Product portfolio

       5.10.3 Financial overview

       5.10.4 Business strategy

       5.10.5 Recent developments

The Offshore wind energy Market has been segmented as below:  
 
By Regional Analysis

 
North America
Europe
Asia-Pacific
Rest of the World

Got a question? We've got answers. If you have some other questions, see our support center.

The market is expected to grow at a CAGR of 25% during the study period (2022-2027)
The offshore wind energy market is expected to be around 126562 MW by 2027
The segment included in offshore wind energy market is Technology and region.
Some key players operating in the offshore wind energy market include hina Ming Yang Wind Power, Nordex, Suzlon, Dong Energy, Sinovel Win, GE Wind Energy, Gamesa, Vestas, and Siemens
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