Press release
Offshore Wind Energy Market Current Industry Demand 2018- 2026: Top Players Siemens AG (Germany), ABB, Ltd. (Switzerland), A2Sea (Denmark), Nexans (France), EEW Group (Germany), General Electric (U.S.), Northland Power, Enercon GmbH, Gamesa Corporacion Te
Offshore Wind Energy Market
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Global Offshore Wind Energy Market: Competitive background
Key players operating in the offshore wind market include Siemens AG (Germany), ABB, Ltd. (Switzerland), A2Sea (Denmark), Nexans (France), EEW Group (Germany), General Electric (U.S.), Northland Power, Enercon GmbH, Gamesa Corporacion Technologica S.A., and Guodian United Power Technology Company Ltd.
Global Offshore Wind Energy Market: Regional Insights
On the basis of region, the offshore wind energy market is segmented into North America, Europe, Asia Pacific, Middle East and Africa. The Europe held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. The increasing numbers of approved and pipeline projects and rising investment for private sector in offshore wind energy have accelerated the market of offshore wind energy market in this region. For instance: According to GTAI, Germany held the largest position in Europe’s wind energy market, with more new capacity of 5.4 GW installed in 2016.
Increasing demand for the renewable sources in power generation is the major factor driving growth of the offshore wind energy market
Increasing demand for renewable sources in power generation is major driver for the growth of offshore wind energy market. Increase in the energy consumption and rise in environmental concerns regarding the depletion of natural resources is major factor for increasing the demand for renewable sources in power generation. For instance, according to the Electronic Industries Alliance (EIA) organization, the total world energy consumption rises from 575 quadrillion British thermal units (Btu) in 2015 to 736 quadrillion Btu in 2040, an increase of 28%. Therefore, increasing energy consumptions leading to rise the demand of renewable sources in power generation positively influenced growth of offshore wind energy market.
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Global Offshore Wind Energy Market: Taxonomy
On basis of components, the global offshore wind energy market is segmented into:
Turbine
Substructure
Others
On basis of location, the global offshore wind energy market is segmented into:
Shallow Water
Transitional Water
Deep Water
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