The global Offshore Wind Energy Market will be worth USD 106.10 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing trend of industrialization in developing economies. The rapid urbanization and the increasing demand for electricity in developing countries are expected to drive the offshore wind energy market demand.
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The report further studies the major competitors of the Offshore Wind Energy market in the industry to provide a comprehensive overview of the competitive landscape. Key factors such as productivity, manufacturing and production capacity, and demand and supply ratio, among others, are also examined. The key companies profiled in the report are Vestas, General Electric Company, Adwen, Doosan Heavy Industries and Construction Co., Ltd, Siemens Gamesa Renewable Energy, S.A., Senvion SA, Sinovel Wind Group Co., ABB, Ltd., Nexans S.A., and Nordex SE, among others. Moreover, the report also analyses the key business initiatives undertaken by companies such as mergers and acquisitions, joint ventures, collaborations, and partnerships, among others.
Key Highlights From The Report
- The Fixed structure held the largest market share of 57.5% in the year 2019. Cost-effectiveness and ease of operation of the fixed structure have resulted in the segment’s increasing demand.
- The Turbines accounted for the largest market share of the offshore wind energy market in 2019. Technological advancements of the turbines increased its capacity, which resulted in the requirement of fewer turbines to produce the same amount of power.
- The Asia Pacific region is expected to be the second-largest market for offshore wind energy. Increasing initiatives of the government to promote subsidy-free renewable projects in order to reduce the CO2 emission levels.
Offshore Wind Energy Market Segmentation:
Emergen Research has segmented the global Offshore Wind Energy Market on the basis of Installation, Location, Component, and region:
- Installation Outlook (Revenue, USD Billion; 2017-2027)
- Floating structure
- Fixed Structure
- Location Outlook (Revenue, USD Billion; 2017-2027)
- Shallow Water (<30m depth)
- Transitional Water (30m-60m Depth)
- Deep Water (>60m Depth)
- Component Outlook (Revenue, USD Billion; 2017-2027)
- Electrical Infrastructure
The regional analysis of the Offshore Wind Energy market mainly focuses on the key regions and regional market in North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. It evaluates the presence of the global Offshore Wind Energy market in the major regions with regards to market share, market size, revenue contribution, sales network, and distribution channel, and other key elements.
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Key Factors influencing market remuneration:
- The global Offshore Wind Energy market report includes a detailed study of the product spectrum of the market and further describes the different product types, including One-sided, Two-sided, and Others.
- The report zeroes in on the overall market dynamics and presents information with regard to the producers and distributors, manufacturing cost structure, and downstream buyers.
- Details pertaining to the expected growth rate, industry share, revenue accumulated, and product segmentationare depicted in this report.
- The application landscape of the global Offshore Wind Energy market can be categorized into For Human, For Animals, and Others.
- The study further examines the industry share and product demand of each application, coupled withthe predicted growth patterns of the various application segments.
- Other vital factors, such as market concentration ratioand raw material processing rate, have also been covered under the latest study.
Table of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Offshore Wind Energy Market Segmentation & Impact Analysis
4.1. Offshore Wind Energy Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
220.127.116.11. Increasing demand for electricity
18.104.22.168. Increasing initiatives of the government to reduce carbon emissions
22.214.171.124. Favorable government regulations
126.96.36.199. Technological advancements of the renewable energy sources
188.8.131.52. Increasing investments in wind power projects
4.2.3. Market restraints analysis
184.108.40.206. High installation cost of the offshore wind turbines
220.127.116.11. Heavy investment for the production of the offshore wind turbines
18.104.22.168. Increasing adoption of solar energy or gas-based power
22.214.171.124. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
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