Offshore Wind Market is Predicted to Grow at 11.12 % CAGR | Industry Key Players, Growth, Opportunities and Analysis Forecast to 2023

Market Overview:-

Global offshore wind market has very broad market in coming recent years. MRFR analysts have predicted that offshore wind industry is about to grow at a rapid pace. Moreover, the economic growth with emissions reduction have given the growth, a momentum. The global offshore wind market is poised to grow over USD 49,741.0 million by 2023 at an estimated CAGR of 11.12% through the forecast period.

Geographically, Asia-Pacific is a major revenue generator to the global offshore wind market, where China, Japan and India are considered as the prominent countries owing to the demand for electricity, rapid urbanization and technological advancements.

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The key players of global offshore wind market are Siemens AG (Germany), Vestas Wind Systems A/S (Denmark), General Electric Company (U.S), Senvion SA (Germany), Areva (France), Clipper Windpower, LLC (U.S), ABB Ltd. (Switzerland), Sinovel Wind (Group) Co., Ltd. (China), Doosan Heavy Industries & Construction (South Korea), Suzlon (India), A2SEA (Denmark) and EEW-Group (Germany).

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global Offshore Wind market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.



Global Offshore Wind Market Analysis:-

Currently, the offshore wind market is in the growth stage. This is due to the increase in demand for power, global initiatives to use more renewable and non-conventional energy sources and the global need to restrict carbon emission. European governments and the EU, as a whole, have supported wind projects with favorable incentives as part of their carbon emission reduction goals. The United Kingdom heads the field, with 46% of global installed capacity, in 2015, followed by Germany (30%) and Denmark (11.5%). The European region is currently the leading in offshore wind market, and is followed by North-America and Asia. Currently, China has the largest number of offshore wind energy projects under planning and construction phase, which is followed by Japan and South Korea.

Extensive research in this market has brought to light that contract is a key strategy adopted, extensively, by the players to spread their geographical presence and achieve operational efficiencies. Agreements & Partnerships, are also major strategies adopted by the major players in the global offshore wind market. This strategy is widely adopted to increase the number of offerings to the customer. New technologies and expansion of facilities for offshore wind projects, lead new product developments.



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Major Points of TOC:-

1 Executive Summary

2 Introduction

3 Research Methodology



4 Market Dynamics

4.1 Driver 18

4.1.1 Increasing Share Of Renewable Energy 18

4.1.2 Rising Investment Towards Development Of Clean Energy 19

4.2 Opportunity 20

4.2.1 Economic Growth With Emissions Reduction 20

4.3 Restraint 20

4.3.1 High Construction Cost 20

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5 Market Factor Analysis

5.1 Porter’s Five Forces Analysis 21

5.1.1 Threat Of New Entrant 21

5.1.2 Bargaining Power Of Suppliers 22

5.1.3 Threat Of Substitutes 22

5.1.4 Bargaining Power Of Buyer 22

5.1.5 Rivalry 22

5.2 Value Chain Analysis 23

Continued.......

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