Global Offshore Wind Market to Hit USD 85.67 Billion, Globally By 2030 at 12.4% CAGR | Infinium Global Research

Infinium Global Research, a pioneering authority in market analysis, presents a revelatory report shedding light on the Global Offshore Wind Market. This comprehensive study dissects segments, drivers, restraints, and regional impacts, providing unparalleled insights for industry players.

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Key Market Insights:

Valued at approximately USD 33.70 billion in 2022, the offshore wind market is poised to surge to USD 85.67 billion by 2030, exhibiting a noteworthy CAGR of 12.4% during the forecast period from 2023 to 2030.

Market Overview:

Offshore wind power involves harnessing wind turbines to generate electricity in oceanic spaces. As a clean and renewable energy source, offshore wind has immense potential to generate significant electricity. The turbines, larger and more potent than onshore counterparts, capitalize on higher wind speeds in oceanic regions, rendering them more efficient. Offshore wind farms, situated several miles off the coast, operate in waters up to 200 feet deep, with turbines mounted on seabed-anchored steel towers. These turbines are interconnected to the grid via underwater cables, transmitting the electricity generated. The industry experiences rapid growth propelled by declining technology costs and surging demand for clean energy.

Driving Forces:

The global shift towards renewable energy sources is a pivotal factor driving the offshore wind market. Governments worldwide, recognizing the urgency of mitigating carbon emissions and combating climate change, are actively promoting sustainable energy. Corporations are increasingly investing in renewable energy to curb carbon footprints. Moreover, the escalating demand for clean energy to meet ambitious emission reduction targets has positioned offshore wind as a crucial solution, despite the high upfront project costs.

Regional Dynamics:

Europe is poised to dominate the market, led by countries such as the UK, Germany, and Denmark. Their robust regulatory frameworks, substantial infrastructure investments, and dedication to renewable energy bolster offshore wind farm development. The Asia-Pacific region emerges as the fastest-growing market, driven by rising energy demands, favorable government policies, and untapped offshore wind potential. Nations like China, Taiwan, and Vietnam are making significant investments in offshore wind projects, driven by sustainability objectives and technological advancements.

Segmentation Analysis:

The report encompasses segments such as components and water depth, covering turbines, electrical infrastructure, substructures, and various water depth categories. This detailed segmentation offers a comprehensive view of market diversity.

Company Profiles:

Infinium Global Research profiles prominent companies in the market, including Shanghai Electric, GENERAL ELECTRIC, Ørsted A/S, Siemens Gamesa Renewable Energy, S.A.U, and more, providing a detailed understanding of their strategies and contributions to the market landscape.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Offshore Wind Market Highlights

2.2. Offshore Wind Market Projection

2.3. Offshore Wind Market Regional Highlights

Chapter 3. Global Offshore Wind Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Porter`s Five Forces Analysis

3.4. IGR-Growth Matrix Analysis

3.4.1. IGR-Growth Matrix Analysis by Component

3.4.2. IGR-Growth Matrix Analysis by Water Depth

3.4.3. IGR-Growth Matrix Analysis by Region

3.5. Value Chain Analysis of Offshore Wind Market

Chapter 4. Offshore Wind Market Macro Indicator Analysis

Chapter 5. Company Profiles and Competitive Landscape

5.1. Competitive Landscape in the Global Offshore Wind Market

5.2. Companies Profiles

5.2.1. Shanghai Electric

5.2.2. GENERAL ELECTRIC

5.2.3. Ørsted A/S

5.2.4. Siemens Gamesa Renewable Energy, S.A.U

5.2.5. E.ON UK plc

5.2.6. Doosan Heavy Industries and Construction

5.2.7. Hitachi

5.2.8. Nordex SE

5.2.9. Nexans

5.2.10. Xinjiang Goldwind Science Technology Co., Ltd.

Chapter 6. Global Offshore Wind Market by Component

6.1. Turbines

6.2. Electrical Infrastructure

6.3. Substructure

6.4. Others

Chapter 7. Global Offshore Wind Market by Water Depth

7.1. Shallow Water

7.2. Transitional Water

7.3. Deep Water

Chapter 8. Global Offshore Wind Market by Region 2023-2030

8.1. North America

8.1.1. North America Offshore Wind Market by Component

8.1.2. North America Offshore Wind Market by Water Depth

8.1.3. North America Offshore Wind Market by Country

8.1.3.1. The U.S. Offshore Wind Market

8.1.3.1.1. The U.S. Offshore Wind Market by Component

8.1.3.1.2. The U.S. Offshore Wind Market by Water Depth

8.1.3.2. Canada Offshore Wind Market

8.1.3.2.1. Canada Offshore Wind Market by Component

8.1.3.2.2. Canada Offshore Wind Market by Water Depth

8.1.3.3. Mexico Offshore Wind Market

8.1.3.3.1. Mexico Offshore Wind Market by Component

8.1.3.3.2. Mexico Offshore Wind Market by Water Depth

8.2. Europe

8.2.1. Europe Offshore Wind Market by Component

8.2.2. Europe Offshore Wind Market by Water Depth

8.2.3. Europe Offshore Wind Market by Country

8.2.3.1. Germany Offshore Wind Market

8.2.3.1.1. Germany Offshore Wind Market by Component

8.2.3.1.2. Germany Offshore Wind Market by Water Depth

8.2.3.2. United Kingdom Offshore Wind Market

8.2.3.2.1. United Kingdom Offshore Wind Market by Component

8.2.3.2.2. United Kingdom Offshore Wind Market by Water Depth

8.2.3.3. France Offshore Wind Market

8.2.3.3.1. France Offshore Wind Market by Component

8.2.3.3.2. France Offshore Wind Market by Water Depth

8.2.3.4. Italy Offshore Wind Market

8.2.3.4.1. Italy Offshore Wind Market by Component

8.2.3.4.2. Italy Offshore Wind Market by Water Depth

8.2.3.5. Rest of Europe Offshore Wind Market

8.2.3.5.1. Rest of Europe Offshore Wind Market by Component

8.2.3.5.2. Rest of Europe Offshore Wind Market by Water Depth

8.3. Asia Pacific

8.3.1. Asia Pacific Offshore Wind Market by Component

8.3.2. Asia Pacific Offshore Wind Market by Water Depth

8.3.3. Asia Pacific Offshore Wind Market by Country

8.3.3.1. China Offshore Wind Market

8.3.3.1.1. China Offshore Wind Market by Component

8.3.3.1.2. China Offshore Wind Market by Water Depth

8.3.3.2. Japan Offshore Wind Market

8.3.3.2.1. Japan Offshore Wind Market by Component

8.3.3.2.2. Japan Offshore Wind Market by Water Depth

8.3.3.3. India Offshore Wind Market

8.3.3.3.1. India Offshore Wind Market by Component

8.3.3.3.2. India Offshore Wind Market by Water Depth

8.3.3.4. South Korea Offshore Wind Market

8.3.3.4.1. South Korea Offshore Wind Market by Component

8.3.3.4.2. South Korea Offshore Wind Market by Water Depth

8.3.3.5. Australia Offshore Wind Market

8.3.3.5.1. Australia Offshore Wind Market by Component

8.3.3.5.2. Australia Offshore Wind Market by Water Depth

8.3.3.6. Rest of Asia-Pacific Offshore Wind Market

8.3.3.6.1. Rest of Asia-Pacific Offshore Wind Market by Component

8.3.3.6.2. Rest of Asia-Pacific Offshore Wind Market by Water Depth

8.4. RoW

8.4.1. RoW Offshore Wind Market by Component

8.4.2. RoW Offshore Wind Market by Water Depth

8.4.3. RoW Offshore Wind Market by Sub-region

8.4.3.1. Latin America Offshore Wind Market

8.4.3.1.1. Latin America Offshore Wind Market by Component

8.4.3.1.2. Latin America Offshore Wind Market by Water Depth

8.4.3.2. Middle East Offshore Wind Market

8.4.3.2.1. Middle East Offshore Wind Market by Component

8.4.3.2.2. Middle East Offshore Wind Market by Water Depth

8.4.3.3. Africa Offshore Wind Market

8.4.3.3.1. Africa Offshore Wind Market by Component

8.4.3.3.2. Africa Offshore Wind Market by Water Depth

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of offshore wind.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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