Market Overview:
The global offshore wind turbine 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 contributing to the growth of this market. The global offshore wind turbine installation vessel market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into self-propelled jack-up vessels, normal jack-up vessels, and heavy lift vessels. On the basis of application, it can be classified into application 1 and application 2.
Product Definition:
An offshore wind turbine installation vessel is a ship designed specifically for the installation of offshore wind turbines. These vessels are typically large and specialized, with sophisticated equipment for handling the turbines and installing them into the seabed. Offshore wind turbine installation vessels are important because they allow developers to install turbines in deep water, where the winds are stronger and more consistent.
Self-Propelled Jack-Up Vessel:
Self-Propelled Jack-up Vessel (SPJUV) is a floating structure used for the installation of offshore wind turbines. The vessel has an installed capacity of up to 1,500 kW with a serviceable capacity of at least 750 kW. It can be used in both deep and shallow water locations depending on the type of wind farm required to be built.
Normal Jack-Up Vessel:
Normal jack-up vessel is a type of installation vessel used for the purpose of lifting and installing the turbine blades in offshore wind power plants. The normal jack-up vessels are equipped with equipment such as cranes, hoisting systems, rudders, and other components required for lifting heavy loads. These vessels can be distinguished from specialized installation vessels that have larger dimensions and more equipment by considering their load capacity.
Application Insights:
Application 1 was the dominant segment in 2017 and accounted for over 70% of the global revenue share. Application 1 is further divided into commercial and residential applications. Residential application includes installation of wind turbines at seabed, whereas commercial application comprises offshore platforms for installing utility lines, oil & gas pipelines, etc. The growing need to meet renewable energy targets has resulted in increased focus on developing offshore wind farms which has driven demand for installation vessels across the world.
The Asia Pacific region is projected to witness significant growth over the forecast period owing to increasing investments by countries such as China Japan South Korea Australia India in developing their offshore wind capacity which would help them achieve their renewable energy targets as well as reduce their dependence on fossil fuels resulting from declining domestic coal production due to various regulations set by governments across various regions worldwide that have resulted in a decline of around 40% since 2010 according to EIA statistics published last year.
Regional Analysis:
Europe accounted for the largest market share of over 35% in 2017. The region is expected to dominate the offshore wind turbine installation vessels market throughout the forecast period, with Germany and UK being key contributors to regional growth. In addition, Denmark and Ireland are also expected to play a significant role in increasing Europe’s offshore wind capacity over the next few years.
The Asia Pacific is anticipated to be one of the fastest-growing regions owing to growing government support for renewable energy sources such as offshore turbines coupled with rising awareness regarding climate change mitigation measures taken by various governments across this region.
Latin America offers tremendous potential for growth due to increasing focus on clean energy technologies such as Offshore Wind Turbines (OWT).
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 turbine installation vessels
- Development of new technologies for installing offshore wind turbines
- Growing number of players in the offshore wind turbine installation vessel market
Scope Of The Report
Report Attributes
Report Details
Report Title
Offshore Wind Turbine Installation Vessel Market Research Report
By Type
Self-Propelled Jack-Up Vessel, Normal Jack-Up Vessel, Heavy Lift Vessel
By Application
Application 1, Application 2
By Companies
DEME, Seajacks, Fred. Olsen Windcarrier, Van Oord (MPI-Offshore), Jack-Up Barge, SEAFOX, Swire Blue Ocean, Longyuan Zhenhua, CCCC Third Harbor Engineering
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Offshore Wind Turbine Installation Vessel Market Report Segments:
The global Offshore Wind Turbine 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
Application 1, Application 2
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:
- DEME
- Seajacks
- Fred. Olsen Windcarrier
- Van Oord (MPI-Offshore)
- Jack-Up Barge
- SEAFOX
- Swire Blue Ocean
- Longyuan Zhenhua
- CCCC Third Harbor Engineering
Highlights of The Offshore Wind Turbine 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:
- Application 1
- Application 2
- 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 Turbine 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 installation vessel is a specialized ship used to install offshore wind turbines. These vessels have the ability to dock in tight spaces, which makes them ideal for installing wind turbines in difficult-to-reach locations.
Some of the key players operating in the offshore wind turbine installation vessel market are DEME, Seajacks, Fred. Olsen Windcarrier, Van Oord (MPI-Offshore), Jack-Up Barge, SEAFOX, Swire Blue Ocean, Longyuan Zhenhua, CCCC Third Harbor Engineering.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Offshore Wind Turbine Installation Vessel 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 Turbine Installation Vessel 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 Turbine Installation Vessel Market - Supply Chain
4.5. Global Offshore Wind Turbine Installation Vessel Market Forecast
4.5.1. Offshore Wind Turbine Installation Vessel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Offshore Wind Turbine Installation Vessel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Offshore Wind Turbine Installation Vessel Market Absolute $ Opportunity
5. Global Offshore Wind Turbine Installation Vessel 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 Turbine Installation Vessel Market Size and Volume Forecast by Type
5.3.1. Self-Propelled Jack-Up Vessel
5.3.2. Normal Jack-Up Vessel
5.3.3. Heavy Lift Vessel
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Offshore Wind Turbine Installation Vessel 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 Turbine Installation Vessel Market Size and Volume Forecast by Application12
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Offshore Wind Turbine Installation Vessel 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 Turbine Installation Vessel 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 Turbine Installation Vessel 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 Turbine Installation Vessel 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 Turbine Installation Vessel Demand Share Forecast, 2019-2026
9. North America Offshore Wind Turbine Installation Vessel 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 Turbine Installation Vessel 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 Turbine Installation Vessel Market Size and Volume Forecast by Application12
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Offshore Wind Turbine Installation Vessel Market Size and Volume Forecast by Type
9.7.1. Self-Propelled Jack-Up Vessel
9.7.2. Normal Jack-Up Vessel
9.7.3. Heavy Lift Vessel
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 Turbine Installation Vessel Demand Share Forecast, 2019-2026
10. Latin America Offshore Wind Turbine Installation Vessel 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 Turbine Installation Vessel 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 Turbine Installation Vessel Market Size and Volume Forecast by Application
1
2
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Offshore Wind Turbine Installation Vessel Market Size and Volume Forecast by Type
10.7.1. Self-Propelled Jack-Up Vessel
10.7.2. Normal Jack-Up Vessel
10.7.3. Heavy Lift Vessel
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 Turbine Installation Vessel Demand Share Forecast, 2019-2026
11. Europe Offshore Wind Turbine Installation Vessel 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 Turbine Installation Vessel 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 Turbine Installation Vessel Market Size and Volume Forecast by Application
1
2
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Offshore Wind Turbine Installation Vessel Market Size and Volume Forecast by Type
11.7.1. Self-Propelled Jack-Up Vessel
11.7.2. Normal Jack-Up Vessel
11.7.3. Heavy Lift Vessel
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 Turbine Installation Vessel Demand Share, 2019-2026
12. Asia Pacific Offshore Wind Turbine Installation Vessel 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 Turbine Installation Vessel 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 Turbine Installation Vessel Market Size and Volume Forecast by Application
1
2
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Offshore Wind Turbine Installation Vessel Market Size and Volume Forecast by Type
12.7.1. Self-Propelled Jack-Up Vessel
12.7.2. Normal Jack-Up Vessel
12.7.3. Heavy Lift Vessel
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 Turbine Installation Vessel Demand Share, 2019-2026
13. Middle East & Africa Offshore Wind Turbine Installation Vessel 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 Turbine Installation Vessel 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 Turbine Installation Vessel Market Size and Volume Forecast by Application
1
2
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 Turbine Installation Vessel Market Size and Volume Forecast by Type
13.7.1. Self-Propelled Jack-Up Vessel
13.7.2. Normal Jack-Up Vessel
13.7.3. Heavy Lift Vessel
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 Turbine Installation Vessel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Offshore Wind Turbine Installation Vessel Market: Market Share Analysis
14.2. Offshore Wind Turbine Installation Vessel Distributors and Customers
14.3. Offshore Wind Turbine Installation Vessel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DEME
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Seajacks
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Fred. Olsen Windcarrier
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Van Oord (MPI-Offshore)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Jack-Up Barge
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SEAFOX
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Swire Blue Ocean
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Longyuan Zhenhua
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. CCCC Third Harbor Engineering
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
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
