Offshore Wind Energy Market Investment Opportunities, Industry Share & Trends Analysis Report to 2027

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 global Offshore Wind Energy market research report is an investigative study that offers a bird-eye view to offer a holistic understanding of the market scenario. The report is formulated by authentic information and industry-wide data that offers a forecast estimation of the growth of the market. The study offers a comprehensive examination of the global Offshore Wind Energy market, including analysis of the market segmentation, product types, applications, value chain analysis, regional bifurcation, and other key elements. The study covers essential information about the market during the forecast period along with several key statistical numbers for the Global Offshore Wind Energy Market.

Key participants include 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.

Key Highlights From The Report

• Deep water (>60m Depth) is forecasted to grow with the fastest CAGR of 15.9% over the forecast period. The reductions in installations cost, improved engineering of turbines, and the development of turbines with floating substructures are expected to drive the segment's 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.

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)
o Floating structure
o Fixed Structure
• Location Outlook (Revenue, USD Billion; 2017-2027)
o Shallow Water (60m Depth)
• Component Outlook (Revenue, USD Billion; 2017-2027)
o Substructure
o Turbine
o Electrical Infrastructure
o Others

The report also analyzes key geographical locations for market share, market size, revenue generation, production and consumption rate, import/export, and other factors. The regions analyzed include North America, Latin America, Europe, AsiaPacific, and Middle East & Africa. The presence of key companies is also included in the analysis.

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Key inferences influencing the revenue patterns of the market:

• The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Offshore Wind Energy market into a wide product spectrum.
• The study covers essential data pertaining to the application landscape of these products, the demand for and market share held by each application type, along with their growth rate analysis over the estimated period.
• A meticulous description of the distribution channels, including distributors, producers, and buyers, is one of the key highlights of the global Offshore Wind Energy market report.

Table of Content

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
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
4.2.2.1. Increasing demand for electricity
4.2.2.2. Increasing initiatives of the government to reduce carbon emissions
4.2.2.3. Favorable government regulations
4.2.2.4. Technological advancements of the renewable energy sources
4.2.2.5. Increasing investments in wind power projects
4.2.3. Market restraints analysis
4.2.3.1. High installation cost of the offshore wind turbines
4.2.3.2. Heavy investment for the production of the offshore wind turbines
4.2.3.3. Increasing adoption of solar energy or gas-based power
4.2.3.4. 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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