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Global Offshore Wind Energy Market to reach USD 97456.91 million by 2026.

Global Offshore Wind Energy Market Size Study by Component (Turbine, Substructure, Electrical Infrastructure, and Others), by Location (Transitional Water, Shallow Water, and Deep Water), and Regional Forecasts (North America, Europe, Asia Pacific, Latin America, and Rest of the World) 2019-2026

Product Code: EAPRE_88012453
Publish Date: 31-01-2020
Page: 200

Global Offshore Wind Energy Market is valued approximately USD 31158.43 million in 2018 and is anticipated to grow with a healthy growth rate of more than 15.32% over the forecast period 2019-2026. The major factors speculated to augment the markets are government initiatives to reduce carbon footprint and rising need for renewable energy for power generation. Offshore Wind Energy is the use of wind farms to harvest wind energy to generate electricity. They are mostly constructed in bodies of water, frequently in the ocean on the continental shelf. Offshore wind energy forms an essential part of the clean energy resources and has a higher capacity factor as contrasted to the onshore wind energy. Growing research & development expenditure and innovative technological advancement in offshore wind components is a prime opportunity for growth in the market. For Instance: according to European Wind Energy Association, it is estimated that spending on European wind projects seen to rise 4% to USD 23.2 billion in 2018. Also, the investment is it is projected to rise to that investment to raise nearly USD 29 billion in 2019, followed by before falling back USD to 24.2 billion in 2020 to meet future energy demands. Similarly, according to Frankfurt School & United Nations Environment Programme Collaborating Centre (FS-UNEP), investment within renewable energy sector is bound to increase from $312 billion in 2015 to $392 billion by 2020. Solar and wind energy continues to be prime choice for investment. More than 37% of the total investment within renewable energy sector in 2016 were directed towards solar and wind energy projects across the globe, according to FS-UNEP estimate; of these wind energies accounted for 47% of the total investment in 2016. Global Wind Energy Council (GWEC) estimates that total installed capacity of wind energy across the globe is likely to reach 792GW by 2020 increasing from 497GW in 2016, adding an average 72GW per annum. According to GWEC, wind energy could supply over 20% of total global electricity by 2030 with an estimated installed capacity of 2,110GW. Thus, these strategic moves act as an opportunity for market growth during the forecast period. However, high cost of energy and high capital investment are restraining the growth rate of the market.

The regional analysis of global Offshore Wind Energy market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026.

Major market player included in this report are:
GE Renewable Energy
MHI Vestas
Siemens Gamesa
Adwen Offshore Inc
Petrofac Inc
EEW Group
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Electrical Infrastructure
By Location:
Transitional Water
Shallow Water
Deep Water
By Region:
North America
Asia Pacific
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Offshore Wind Energy Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD MILLION)
1.2.1. Offshore Wind Energy Market, by Region, 2017-2026 (USD MILLION)
1.2.2. Offshore Wind Energy Market, by Component, 2017-2026 (USD MILLION)
1.2.3. Offshore Wind Energy Market, by Location, 2017-2026 (USD MILLION)
1.2.4. Offshore Wind Energy Market, by End-User, 2017-2026 (USD MILLION)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Offshore Wind Energy Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Offshore Wind Energy Market Dynamics
3.1. OFFSHORE WIND ENERGY Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Offshore Wind Energy Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Offshore Wind Energy Market, by Component
5.1. Market Snapshot
5.2. Global Offshore Wind Energy Market by Component, Performance – Potential Analysis
5.3. Global Offshore Wind Energy Market Estimates & Forecasts by Component 2016-2026 (USD MILLION)
5.4. Offshore Wind Energy Market, Sub Segment Analysis
5.4.1. Turbine
5.4.2. Substructure
5.4.3. Electrical Infrastructure
5.4.4. Others
Chapter 6. Global Offshore Wind Energy Market, by Location
6.1. Market Snapshot
6.2. Global Offshore Wind Energy Market by Location , Performance – Potential Analysis
6.3. Global Offshore Wind Energy Market Estimates & Forecasts by Location 2016-2026 (USD MILLION)
6.4. Offshore Wind Energy Market, Sub Segment Analysis
6.4.1. Transitional Water
6.4.2. Shallow Water
6.4.3. Deep Water
Chapter 7. Global Offshore Wind Energy Market, Regional Analysis
7.1. Offshore Wind Energy Market, Regional Market Snapshot
7.2. North America Offshore Wind Energy Market
7.2.1. U.S. Offshore Wind Energy Market Technology breakdown estimates & forecasts, 2016-2026 Component breakdown estimates & forecasts, 2016-2026 Location breakdown estimates & forecasts, 2016-2026
7.2.2. Canada Offshore Wind Energy Market
7.3. Europe Offshore Wind Energy Market Snapshot
7.3.1. U.K. Offshore Wind Energy Market
7.3.2. Germany Offshore Wind Energy Market
7.3.3. Rest of Europe Offshore Wind Energy Market
7.4. Asia-Pacific Offshore Wind Energy Market Snapshot
7.4.1. China Offshore Wind Energy Market
7.4.2. India Offshore Wind Energy Market
7.4.3. Japan Offshore Wind Energy Market
7.4.4. Rest of Asia Pacific Offshore Wind Energy Market
7.5. Latin America Offshore Wind Energy Market Snapshot
7.5.1. Brazil Offshore Wind Energy Market
7.5.2. Mexico Offshore Wind Energy Market
7.6. Rest of The World OFFSHORE WIND ENERGY Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. GE Renewable Energy Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. MHI Vestas
8.2.3. Statoil
8.2.4. Siemens Gamesa
8.2.5. Adwen Offshore Inc.
8.2.6. Orsted
8.2.7. Senvion
8.2.8. Petrofac Inc.
8.2.9. ABB ltd.
8.2.10. Sinovel
8.2.11. Nexans
8.2.12. EEW Group
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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