Press release
Offshore Wind Energy Market Analysis Report 2018 and Forecast to 2024 by Key Players: Vestas, Enercon, GE, Nordex Acciona, Senvion, Siemens Gamesa, MHI-Vestas, United Power, WEG SA, Goldwind, Envision Energy, Mingyang, Suzlon, Wobben, Clipper, Bergey, Imp
Offshore Wind Energy Market
According to latest study by Global Market Insights, Inc., Offshore Wind Energy Market is set to reach USD 60 billion by 2024. Growing attention to curb the GHG emissions by shifting inclination toward renewable power generation will boost the industry dynamics. Furthermore, favorable government reforms and monetary support to capitalize the regional offshore potential will further enhance the business growth. For instance, Germany, in 2017, allocated over USD 7 billion for building new offshore and onshore wind farms.
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Top Key Players:
Eminent offshore wind energy market participants comprise Vestas, Enercon, GE, Nordex Acciona, Senvion, Siemens Gamesa, MHI-Vestas, United Power, WEG SA, Goldwind, Envision Energy, Mingyang, Suzlon, Wobben, Clipper, Bergey, Impsa, LM, Enessere, RTS, Northern Power Systems, Availon, Global Energy Services, Prysmian, Furukawa Electric, General Cable, LS Cable, Southwire, Nexans, and Sumitomo.
Market share calculation in this report is not done based on companies covered in it. The calculation of offshore wind energy market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
The U.S. offshore wind energy market is projected to exceed USD 5 Billion by 2024. Recent discovery of potential sites coupled with crucial investments to improve the offshore supply chain will drive the industry size. In April 2018, BNOW in collaboration with Société Générale, a French multinational, held a workshop with experts working in the offshore industry to improve the investments in the U.S. offshore sector.
In 2017, Offshore wind energy market across UK was estimated over USD 8 Billion. Energy security initiatives, decarbonization reforms, and favorable regulatory measures are few imperative parameters that will foster the industry dynamics. Rising investments by leading offshore wind developers to explore the untapped offshore potential will further sway the business dynamics.
As per Wind Europe in 2017, a fund allocation of over USD 50 billion was invested across the region. In addition, major contribution of the fund came from mergers at project levels, public market transactions and new assets.
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Partial Chapter of the Table of Content
Chapter 3. Offshore Wind Energy Market Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024 (USD Million)
3.3. Industry ecosystem analysis
3.3.1. Vendor Matrix
3.4. Innovation & technology landscape
3.5. Regulatory landscape
3.5.1. North America
3.5.2. Europe
3.5.3. Asia Pacific
3.5.4. Middle East & Africa
3.5.5. Latin America
3.6. Electricity markets and ownership structures (2017)
3.6.1. U.S.
3.6.2. China
3.6.3. Europe
3.6.4. India
3.7. Global energy investment scenario (2017)
3.8. Global trends in renewable energy investment 2017 (USD Billion)
3.9. New renewable energy investment, by economy
3.9.1. China, India & Brazil
3.9.2. Other developing
3.9.3. Developed
3.10. Major wind energy project landscape, 2017 to 2024
3.11. Global solar and wind cost reduction potential, 2024
3.12. Renewable power generation and capacity as a share of global power, 2007 - 17 (%)
3.13. Major companies in the NEX index, by market capitalization (USD Billion)
3.14. LCOE trend, 2009 to 2017 (USD/MWh)
3.14.1. Onshore wind
3.14.2. Offshore wind
3.14.3. Biomass incineration
3.14.4. PV
3.15. Key customer requirements
3.16. Customer group requirements
3.17. Key barrier
3.18. Price trend analysis
3.18.1. By installation
3.18.1.1. Floating
3.18.1.2. Fixed
3.18.2. By turbine component
3.18.2.1. Rotor module
3.18.2.2. Nacelle module
3.18.2.3. Tower module
3.18.3. By region
3.18.3.1. North America
3.18.3.2. Europe
3.18.3.3. Asia Pacific
3.18.3.4. Middle East & Africa
3.18.3.5. Latin America
3.19. Primary energy demand outlook 2040, by region
3.19.1. OECD
3.19.2. China
3.19.3. India
3.19.4. Other Asian countries
3.19.5. Africa
3.19.6. Rest of the world
3.20. Primary energy demand outlook 2040, by fuel
3.20.1. Oil
3.20.2. Gas
3.20.3. Coal
3.20.4. Nuclear
3.20.5. Hydro
3.20.6. Renewables
3.21. Operation & maintenance landscape (Wind turbine)
3.22. Comparative analysis
3.22.1. Onshore
3.22.2. Offshore
3.23. Industry impact forces
3.23.1. Growth drivers
3.23.1.1. Favorable government policies
3.23.1.2. Stringent energy efficiency reforms
3.23.1.3. Huge untapped and unexplored energy potential
3.23.1.4. Growing adoption of clean energy sources
3.23.1.5. Increasing demand for electricity
3.23.2. Industry pitfalls & challenges
3.23.2.1. High capital cost
3.23.2.2. Availability of auxiliary electricity generation sources
3.24. Growth potential analysis
3.25. Porter's analysis
3.26. Competitive landscape, 2017
3.26.1. Strategy dashboard
3.26.2. Company market share
3.26.2.1. Wind turbine manufacturers
3.26.2.2. Wind farm developers/owners
3.26.2.3. Inter-array cable suppliers
3.26.2.4. Export cable suppliers
3.26.3. Technological landscape
3.26.3.1. Horizontal (HAWTs)
3.26.3.2. Vertical (VAWTs)
3.27. PESTEL analysis
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Strong technological developments in turbine design in line with unit cost reduction and improved efficiency will augment the global offshore wind energy market size. For instance, the European Union funded the “First Offshore Wind Project In India” to construct a 1,000 MW commercial offshore wind farm which aims to support MNRE and NIWE’s vision to strengthen the country’s offshore sector. The development and integration of large units coupled with enhancing foundation techniques will further stimulate the business outlook.
The turbines account for a major share of the total project prices and play a key role toward the feasibility and plant performance. In addition, ongoing developments in turbine length and size for offshore installations, developing turbine assembly concepts and new blade designs are some of the essential factors strengthening the offshore wind energy market.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
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