Market Overview:
The global offshore wind power installation vessel market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for clean and renewable energy across the globe. In addition, the growing investments in offshore wind farms are also propelling the growth of this market. The global offshore wind power installation vessel market can be segmented on the basis of type, application and region. On the basis of type, self-propelled jack-up vessels are expected to dominate this market duringthe forecast period owing to their abilityto operate in shallow waters.
Product Definition:
An offshore wind power installation vessel is a ship specifically designed to install and maintain offshore wind turbines. These vessels are typically large, capable of carrying heavy loads and traveling long distances. They are also often outfitted with sophisticated equipment for installing and repairing turbines. Offshore wind power installation vessels are important for installing offshore wind farms quickly and safely.
Self-Propelled Jack-Up Vessel:
Self-Propelled Jack-up Vessel (SPJUV) is a floating wind turbine system that uses the wind to generate electricity. It is capable of generating power in both offshore and onshore locations. The system consists of main rotor, nacelle, control cabin with diesel generator set up for emergency power supply along with gearbox mounted generators and main rotor drivetrain.
Normal Jack-Up Vessel:
Normal jack-up vessel is a type of installation vessel used in offshore wind power projects. It is designed to install foundations for wind turbines and other equipment. The normal jack-up vessels are equipped with cranes, which enable them to reach out to the turbine foundations at sea, and lower themselves into the water by means of cables.
The market size for normal jack-up vessels was valued at USD 856 million in 2016.
Application Insights:
The offshore wind power installation segment dominated the market in 2017 and is expected to witness a CAGR of XX% over the forecast period. The growth can be attributed to increasing government support for renewable energy generation, particularly in Europe and North America. In addition, growing demand for clean energy owing to rising environmental concerns is also expected to drive the industry growth over the coming years.
Onshore wind power installation accounted for a significant share of revenue in 2017 due largely to favorable government policies promoting investments by domestic players as well as foreign players based outside India with an aim toward achieving higher electricity production capacities within a shorter time frame without compromising with quality standards or costs involved in case of onshore projects compared with offshore projects globally which are generally considered more costly than onshore counterparts owing largely due factors such as increased capital expenditure required for installing turbines along with land acquisition cost etc.
Regional Analysis:
Europe accounted for the largest market share of over 35% in 2017. The region is expected to dominate the offshore wind power installation vessels market throughout the forecast period owing to increasing government support and rising offshore wind farms construction projects. For instance, in December 2016, Siemens Gamesa Corporation together with HSH Nordbank AG and VEBA WarentgmbH signed a contract for constructing two floating turbines with an installed capacity of 360 MW each for German utility company EnBW Energie Baden-Wuerttemberg GmbH at Fosenhamn Wind Farm off the coast of Sweden.
The Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to growing awareness regarding renewable energy sources along with supportive government policies aimed at reducing carbon emission from fossil fuel based power generation plants. China has set a target that its solar panel manufacturing capacity should reach 210 GW by 2020 which would require massive investment spending as well as manpower expertise.
Growth Factors:
- Increasing demand for clean and renewable energy sources
- Government initiatives and subsidies for offshore wind power installations
- Rising prices of traditional fuels such as oil and gas
- Technological advancements in the field of wind turbine installation vessels
- Growing awareness about the benefits of offshore wind power installations
Scope Of The Report
Report Attributes
Report Details
Report Title
Offshore Wind Power Installation Vessel Market Research Report
By Type
Self-Propelled Jack-Up Vessel, Normal Jack-Up Vessel, Heavy Lift Vessel
By Application
Onshore Wind Power Installation, Offshore Wind Power Installation
By Companies
Ulstein Group, Damen Shipyards Group, Keppel Corporation, ZPMC, Eneti Inc, MacGregor, Van Oord, Royal IHC, Nantong Rainbow Offshore & Engineering Equipments Co., Ltd., HuaDian Heavy Industries, Ulstein Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global Offshore Wind Power Installation Vessel Market Report Segments:
The global Offshore Wind Power Installation Vessel market is segmented on the basis of:
Types
Self-Propelled Jack-Up Vessel, Normal Jack-Up Vessel, Heavy Lift Vessel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Onshore Wind Power Installation, Offshore Wind Power Installation
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ulstein Group
- Damen Shipyards Group
- Keppel Corporation
- ZPMC
- Eneti Inc
- MacGregor
- Van Oord
- Royal IHC
- Nantong Rainbow Offshore & Engineering Equipments Co., Ltd.
- HuaDian Heavy Industries
- Ulstein Group
Highlights of The Offshore Wind Power Installation Vessel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Self-Propelled Jack-Up Vessel
- Normal Jack-Up Vessel
- Heavy Lift Vessel
- By Application:
- Onshore Wind Power Installation
- Offshore Wind Power Installation
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Offshore Wind Power Installation Vessel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An offshore wind power installation vessel is a specialized ship designed to install and maintain offshore wind turbines. These vessels are typically equipped with a range of advanced engineering and construction tools, as well as the necessary crew and support systems to ensure safe, efficient turbine installation.
Some of the key players operating in the offshore wind power installation vessel market are Ulstein Group, Damen Shipyards Group, Keppel Corporation, ZPMC, Eneti Inc, MacGregor, Van Oord, Royal IHC, Nantong Rainbow Offshore & Engineering Equipments Co., Ltd., HuaDian Heavy Industries, Ulstein Group.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Offshore Wind Power Installation Vessel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Offshore Wind Power Installation Vessel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Offshore Wind Power Installation Vessel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Offshore Wind Power Installation Vessel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Offshore Wind Power Installation Vessel Market Size & Forecast, 2018-2028
4.5.1 Offshore Wind Power Installation Vessel Market Size and Y-o-Y Growth
4.5.2 Offshore Wind Power Installation Vessel Market Absolute $ Opportunity
Chapter 5 Global Offshore Wind Power Installation Vessel Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Offshore Wind Power Installation Vessel Market Size Forecast by Type
5.2.1 Self-Propelled Jack-Up Vessel
5.2.2 Normal Jack-Up Vessel
5.2.3 Heavy Lift Vessel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Offshore Wind Power Installation Vessel Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Offshore Wind Power Installation Vessel Market Size Forecast by Applications
6.2.1 Onshore Wind Power Installation
6.2.2 Offshore Wind Power Installation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Offshore Wind Power Installation Vessel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Offshore Wind Power Installation Vessel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Offshore Wind Power Installation Vessel Analysis and Forecast
9.1 Introduction
9.2 North America Offshore Wind Power Installation Vessel Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Offshore Wind Power Installation Vessel Market Size Forecast by Type
9.6.1 Self-Propelled Jack-Up Vessel
9.6.2 Normal Jack-Up Vessel
9.6.3 Heavy Lift Vessel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Offshore Wind Power Installation Vessel Market Size Forecast by Applications
9.10.1 Onshore Wind Power Installation
9.10.2 Offshore Wind Power Installation
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Offshore Wind Power Installation Vessel Analysis and Forecast
10.1 Introduction
10.2 Europe Offshore Wind Power Installation Vessel Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Offshore Wind Power Installation Vessel Market Size Forecast by Type
10.6.1 Self-Propelled Jack-Up Vessel
10.6.2 Normal Jack-Up Vessel
10.6.3 Heavy Lift Vessel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Offshore Wind Power Installation Vessel Market Size Forecast by Applications
10.10.1 Onshore Wind Power Installation
10.10.2 Offshore Wind Power Installation
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Offshore Wind Power Installation Vessel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Offshore Wind Power Installation Vessel Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Offshore Wind Power Installation Vessel Market Size Forecast by Type
11.6.1 Self-Propelled Jack-Up Vessel
11.6.2 Normal Jack-Up Vessel
11.6.3 Heavy Lift Vessel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Offshore Wind Power Installation Vessel Market Size Forecast by Applications
11.10.1 Onshore Wind Power Installation
11.10.2 Offshore Wind Power Installation
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Offshore Wind Power Installation Vessel Analysis and Forecast
12.1 Introduction
12.2 Latin America Offshore Wind Power Installation Vessel Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Offshore Wind Power Installation Vessel Market Size Forecast by Type
12.6.1 Self-Propelled Jack-Up Vessel
12.6.2 Normal Jack-Up Vessel
12.6.3 Heavy Lift Vessel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Offshore Wind Power Installation Vessel Market Size Forecast by Applications
12.10.1 Onshore Wind Power Installation
12.10.2 Offshore Wind Power Installation
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Offshore Wind Power Installation Vessel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Offshore Wind Power Installation Vessel Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Offshore Wind Power Installation Vessel Market Size Forecast by Type
13.6.1 Self-Propelled Jack-Up Vessel
13.6.2 Normal Jack-Up Vessel
13.6.3 Heavy Lift Vessel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Offshore Wind Power Installation Vessel Market Size Forecast by Applications
13.10.1 Onshore Wind Power Installation
13.10.2 Offshore Wind Power Installation
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Offshore Wind Power Installation Vessel Market: Competitive Dashboard
14.2 Global Offshore Wind Power Installation Vessel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ulstein Group
14.3.2 Damen Shipyards Group
14.3.3 Keppel Corporation
14.3.4 ZPMC
14.3.5 Eneti Inc
14.3.6 MacGregor
14.3.7 Van Oord
14.3.8 Royal IHC
14.3.9 Nantong Rainbow Offshore & Engineering Equipments Co., Ltd.
14.3.10 HuaDian Heavy Industries
14.3.11 Ulstein Group
