Offshore Wind Market Size, Share, Price | Industry Report 2022
Offshore Wind Market Report shows the potential revenues streams to 2022 by accessing data, trends, opportunities and business prospects in this Industry.Download sample copy @ https://goo.gl/o1mCnC
The offshore wind market is projected to reach USD 55.11 billion by 2022, at a CAGR of 15.32% from 2017 to 2022. The offshore wind market has been rapidly growing, especially in Europe as it contributed the European Union (EU) to meet its renewable energy targets for 2020. The global demand for electric power is increasing due to various factors such as urbanization, increased industrialization, and economic development among others. Rising energy demand and energy efficiency mandates drive the demand for the offshore wind market. The offshore wind market is gaining acceptance due to its high capacity factor which makes it an important renewable resource to help in the reduction of CO2 emissions. Moreover, countries like China and the U.S. are also focusing on emission reduction.
With regard to the substructure segment, monopiles are expected to constitute the largest market from 2017 to 2022. This type of substructure is mostly the preferred foundation type in the shallow water location. It is mostly used for its simplicity, both in terms of installation and fabrication. Monopiles have been recently upgraded to be used in greater water depths and, thus, it is expected to maintain its position and cover the largest market during the forecast period.
Offshore Wind Market, By Component :
• Turbine
• Nacelle
• Rotor & Blades
• Tower
• Substructure
• Monopile
• Jacket and Gravity Based
• Other Types
• Electrical Infrastructure
• Others
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Key Points From Table Of Content :
Company Profiles :
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
• Adwen
• Ming Yang Smart Energy Group Co.
• Doosan Heavy Industries and Construction Co., Ltd
• General Electric Company
• MHI Vestas Offshore Wind A/S
• Senvion SA
• Siemens AG
• Sinovel Wind Group Co.
• A2 Sea
• ABB, Ltd.
• Eew Group
• Nexans S.A.
Report Coverage :
From an insight perspective, this research report has focused on various levels of analysis, such as, industry analysis (industry trends), market ranking of top players, supply chain analysis, and company profiles, which together comprises and discuss the basic views on the competitive landscape; emerging and high-growth segments of the offshore wind market; high-growth regions; and market drivers, restraints, and opportunities.
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