Press release
Asia Pacific Offshore Wind Energy Market: Foreign Players Need to Capitalize on Technological Advancements to Survive Intense Cost-competitiveness, says TMR
The vendor landscape of the Asia Pacific offshore wind energy market is markedly fragmented, with local and regional players accounting for nearly 45% and the top three vendors collectively holding only about 31% of the overall market in 2016, observes Transparency Market Research in a recent report. Almost all key segments of the market, including project management and development services, supply of windfarm equipment and components, installation and commissioning, and operations and maintenance services are led by domestic and regional companies.Obtain Report Details @: http://www.transparencymarketresearch.com/asia-pacific-offshore-wind-energy-market.html
In the segment of windfarm components and equipment suppliers, for instance, local and regional companies Goldwind, Ming Yang, XEMC, and Sinovel dominate the market owing to their cost-effective products and capability to undertake aggressive research and development activities in the field of high-capacity turbines. However, foreign offshore wind turbine manufacturers are considered superior in terms of technological expertise. Thus, foreign players could capitalize on the technological advantage to make their mark and pacify the blow dealt by low price products and an intensifying cost competition.
According to the report, the Asia Pacific offshore wind energy market was pegged at US$8,960.8 mn in 2017 and is projected to reach US$60,201.5 mn by 2025 at a CAGR of 22.4% from 2017 to 2025.
Adoption of Ground Mounted and High Risk Pile Cap Foundations Gathers Strength
In terms of type of foundation, the others segment accounted for a dominant 44.9% of the Asia Pacific offshore wind energy market in 2016. The segment is expected to retain dominance, chiefly owing to the increased usage of high risk pile cap (HRPC) and ground mounted foundations. In terms of geography, the market in China dominates, owing largely due to the several already installed as well as planned offshore wind energy plants and the presence of a large number of some of the region’s leading players in the offshore wind energy market.
Make an Enquiry @: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=23876
Vast Benefits of Offshore Wind Power Technology over Onshore Wind Power to Fuel Adoption
Offshore wind energy is witnessing an increased level of adoption chiefly owing to its several benefits as compared to the existing onshore wind energy. Land acquisition, high noise generation in and around onshore wind farms are some of the few major reasons which is affecting the onshore wind energy generation. Feasibility of land is another key concern in present scenario since it depends on environmental conditions. With a number of man-made structures coming up in various parts of the world which acts as obstruction to the otherwise freely flow of wind, onshore wind farms will face a lot of ire in the near future. Most of the onshore wind farm area are near exhaustion.
High Installation Costs Could Hinder Growth Prospects
Since the technology for offshore wind turbine set-up is relatively new, high cost would thus be incurred for its planning and set-up phase. These high costs will directly affect the electricity production with high cost of generation and distribution. Complex grid structures are required for storage and transmission of electricity thus produced. Also, the competency factor for offshore wind energy is high since its existing onshore counterpart is an already proven technology. Other sources like solar, tidal, biomass also find inclusions in commercial energy generation. Thus in this competitive environment, the electricity tariffs generally are levelled on higher scale and are associated with higher costs, which could hamper the overall adoption of the technology in the region to a large extent.
Nevertheless, with significantly more capital being infused to harness the offshore wind technology, deeper sites are being studied. Exploration of offshore sites is being carried out in order to enhance profitability of power generation from wind.
This analysis of the Asia Pacific offshore wind energy market is based on a recent report published by Transparency Market Research, titled “Offshore Wind Energy Market (Foundation Type - Monopile, Jacket, Tripod, and Floating) - Asia Pacific Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”
Asia Pacific Offshore Wind Energy Market: by Foundation Type Segmentation
Monopile
Jacket
Tripod
Floating
Others (which includes key stone twisted jackets)
Asia Pacific Offshore Wind Energy Market: by Country
China
Japan
South Korea
India
Rest of Asia Pacific
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
90 State Street, Suite 700
Albany, NY 12207
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Asia Pacific Offshore Wind Energy Market: Foreign Players Need to Capitalize on Technological Advancements to Survive Intense Cost-competitiveness, says TMR here
News-ID: 557901 • Views: …
More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…

Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…

Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…

Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Asia
Asia Private Equity Firm, Asia Private Equity Management, Asia Private Equity Se …
The private equity market in China has been rapidly growing in recent years. Private equity (PE) refers to the purchase of shares in a company that are not publicly traded on a stock exchange. PE firms typically target companies that are undervalued or in need of capital for growth, and aim to improve the company's operations and financial performance before selling it at a higher value.
https://boomingfaucet.com/
Asia Private Equity Consulting
E-mail:nolan@pandacuads.com
In China,…
South East Asia Business Jet Market And Top Key Players are Asia Corporate Jet, …
By 2022, the South East Asia Business Jet Markets estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the market and is poised to grow at the fastest rate in the future. The three broad categories of business jets are Small,…
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022.
23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property…
PEOPLEWAVE WINS ASIA TECH PODCAST PITCHDECK ASIA 2019 AWARDS
15 January 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, won the Asia Tech Podcast (ATP) Pitchdeck Asia 2019 Awards, being awarded “Startup Most Likely to Succeed in 2019".
The 2019 Pitchdeck Asia Awards is an opportunity for the Asian Startup Ecosystem to shine a spotlight on some of its best startups. The awards were decided by a public vote. More than 7,200 votes were cast by registered LinkedIn…
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia
Equipping Asia’s navies with the latest diving technology for asymmetric warfare and
operations
SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is
seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting…
Asia Diligence – Specialist Investigative Due Diligence for Asia & Beyond
Asia Diligence today announced the opening of its European Customer Services office in the United Kingdom. The office is to be managed by Steve Fowler and will focus on providing services to Asia Diligence’s European customers. Asia Diligence is also planning to open a US office in the near future, which will provide customer service to its US and North American clients.
Asked to comment on the move, Luke Palmer, the…