Market Overview:
The global offshore wind power market is expected to grow from USD XX.XX billion in 2018 to USD XX.XX billion by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for clean and renewable energy sources and rising concerns about climate change. The monopiles segment is expected to hold the largest share of the global offshore wind power market during the forecast period. This can be attributed to their low installation cost as compared to other types of foundations used in offshore wind farms, such as gravity structures, jackets, tripods, and tripiles. In terms of application, commercial applications are expected to account for a larger share of the global offshore wind power market during the forecast period. This can be attributedtothe growing demand for electricity from commercial establishments such as hotels, hospitals, data centers etc.
Product Definition:
Wind power is the conversion of wind energy into a useful form of energy, such as using wind turbines to make electricity. Offshore wind power is the use of offshore winds to generate electricity. The importance of offshore wind power is that it has a lot of potential for growth because there are many areas with high-quality offshore winds that have yet to be tapped.
Monopiles:
Monopiles is a form of artificial geothermal energy conversion technology. It is used in various applications such as electricity generation, heating & cooling, and desalination plants. The technology comprises drilling pipes into the earth at high temperatures and pressures to extract thermal energy from the molten salt or rock deep underground. This extracted thermal energy is then used to generate electricity using conventional power plants or turbines located onshore.
Gravity:
Gravity is a natural force that attracts objects to Earth's surface. It helps in moving water and wind-generated power turbines to produce electricity. The main source of gravity powered offshore wind power installations is the freefall of the object through the air which creates an electromagnetic field around it, thus making it possible for electrical generators to convert this into useful energy forms (WTP).
Application Insights:
The commercial application segment accounted for the largest market share of over 70% in 2017. The segment is expected to witness significant growth on account of increasing demand from end-use industries such as oil & gas, steel and power generation. Furthermore, growing investments by companies including Siemens Gamesa, Vestas Wind Systems and General Electric are expected to propel industry expansion over the forecast period.
Regional Analysis:
Europe accounted for the largest market share of more than 30% in 2017. The region is expected to dominate the offshore wind power market over the forecast period owing to supportive government policies and growing offshore wind energy capacity. In 2015, Europe added a record breaking 14 GW of new offshore wind power capacity, which was almost three times as much as 2014. Germany holds the maximum number of operational turbines with 10 operational units in commercial operation across various locations including Jaski Bay and Greeneridge off Denmark; Nynashamn near Stockholm; and MeyGen project located off Scotland’s coast.
Asia Pacific is anticipated to be one of the fastest-growing regional markets from 2018 to 2030 owing to increasing government support for renewable energy generation coupled with growing electricity demand in emerging economies such as China & India.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the development of offshore wind power
- Reduction in the cost of offshore wind power installations
- Advancements in technology and turbine design that increase efficiency and reduce costs
- Growing interest from investors in renewable energy projects
Scope Of The Report
Report Attributes
Report Details
Report Title
Offshore Wind Power Market Research Report
By Type
Monopiles, Gravity, Jacket, Tripods, Tripiles, Floating
By Application
Commercial, Demostration
By Companies
Siemens, MHI Vestas, Senvion, Areva, BARD, Gamesa, Hitachi, Sinovel, Shanghai Electric, Envision, Goldwind
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Offshore Wind Power Market Report Segments:
The global Offshore Wind Power market is segmented on the basis of:
Types
Monopiles, Gravity, Jacket, Tripods, Tripiles, Floating
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
Commercial, Demostration
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:
- Siemens
- MHI Vestas
- Senvion
- Areva
- BARD
- Gamesa
- Hitachi
- Sinovel
- Shanghai Electric
- Envision
- Goldwind
Highlights of The Offshore Wind Power 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:
- Monopiles
- Gravity
- Jacket
- Tripods
- Tripiles
- Floating
- By Application:
- Commercial
- Demostration
- 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 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Offshore wind power is a type of renewable energy that harnesses the power of the wind to generate electricity. Itu2019s typically installed on offshore platforms in deep water, far from shore. The turbines are mounted on tall towers and use blades to turn a rotor, which creates electricity.
Some of the key players operating in the offshore wind power market are Siemens, MHI Vestas, Senvion, Areva, BARD, Gamesa, Hitachi, Sinovel, Shanghai Electric, Envision, Goldwind.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Offshore Wind Power Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Offshore Wind Power Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Offshore Wind Power Market - Supply Chain
4.5. Global Offshore Wind Power Market Forecast
4.5.1. Offshore Wind Power Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Offshore Wind Power Market Size (000 Units) and Y-o-Y Growth
4.5.3. Offshore Wind Power Market Absolute $ Opportunity
5. Global Offshore Wind Power Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Offshore Wind Power Market Size and Volume Forecast by Type
5.3.1. Monopiles
5.3.2. Gravity
5.3.3. Jacket
5.3.4. Tripods
5.3.5. Tripiles
5.3.6. Floating
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Offshore Wind Power Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Offshore Wind Power Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Demostration
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Offshore Wind Power Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Offshore Wind Power Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Offshore Wind Power Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Offshore Wind Power Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Offshore Wind Power Demand Share Forecast, 2019-2026
9. North America Offshore Wind Power Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Offshore Wind Power Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Offshore Wind Power Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Demostration
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Offshore Wind Power Market Size and Volume Forecast by Type
9.7.1. Monopiles
9.7.2. Gravity
9.7.3. Jacket
9.7.4. Tripods
9.7.5. Tripiles
9.7.6. Floating
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Offshore Wind Power Demand Share Forecast, 2019-2026
10. Latin America Offshore Wind Power Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Offshore Wind Power Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Offshore Wind Power Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Demostration
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Offshore Wind Power Market Size and Volume Forecast by Type
10.7.1. Monopiles
10.7.2. Gravity
10.7.3. Jacket
10.7.4. Tripods
10.7.5. Tripiles
10.7.6. Floating
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Offshore Wind Power Demand Share Forecast, 2019-2026
11. Europe Offshore Wind Power Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Offshore Wind Power Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Offshore Wind Power Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Demostration
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Offshore Wind Power Market Size and Volume Forecast by Type
11.7.1. Monopiles
11.7.2. Gravity
11.7.3. Jacket
11.7.4. Tripods
11.7.5. Tripiles
11.7.6. Floating
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Offshore Wind Power Demand Share, 2019-2026
12. Asia Pacific Offshore Wind Power Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Offshore Wind Power Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Offshore Wind Power Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Demostration
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Offshore Wind Power Market Size and Volume Forecast by Type
12.7.1. Monopiles
12.7.2. Gravity
12.7.3. Jacket
12.7.4. Tripods
12.7.5. Tripiles
12.7.6. Floating
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Offshore Wind Power Demand Share, 2019-2026
13. Middle East & Africa Offshore Wind Power Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Offshore Wind Power Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Offshore Wind Power Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Demostration
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Offshore Wind Power Market Size and Volume Forecast by Type
13.7.1. Monopiles
13.7.2. Gravity
13.7.3. Jacket
13.7.4. Tripods
13.7.5. Tripiles
13.7.6. Floating
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Offshore Wind Power Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Offshore Wind Power Market: Market Share Analysis
14.2. Offshore Wind Power Distributors and Customers
14.3. Offshore Wind Power Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Siemens
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. MHI Vestas
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Senvion
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Areva
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BARD
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Gamesa
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hitachi
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sinovel
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shanghai Electric
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Envision
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Goldwind
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
