Offshore Wind Market 2018 | Global Industry Emerging Trends, Size, Product Analysis & Regional Outlook to 2023

Offshore Wind Market is Predicted to Grow at Approximately 11.12% by 2023
Offshore Wind Market Expected to Inflate at CAGR 11.12% % By 2023 | Global Offshore Wind Market Report by Component , By Location,Transitional Water (30m – 60m Depth) and Deep Water (> 60m Depth)) By Region

Offshore Wind Market Overview:-

Offshore winds are steady and have faster speeds resulting in higher & reliable energy generation. The growth in this sector can be attributed to the increasing demand for clean and reliable energy in order to reduce the global carbon emissions and to maintain ecological balance by generating electricity through renewable resources. However, high initiating capital cost of the projects with high maintenance cost and logistics issues, can hinder the offshore wind market. Also, high tidal winds and bad weather conditions making it difficult to access the offshore wind farms even for problem rectification and preventive maintenance will restrain the global offshore wind market.

Global offshore wind market has very broad market in coming recent years. MRFR analysts have predicted that offshore wind industry is about to grow at a rapid pace. Moreover, the economic growth with emissions reduction have given the growth, a momentum. The global offshore wind market is poised to grow over USD 49,741.0 million by 2023 at an estimated CAGR of 11.12% through the forecast period.

 

Industry Top Key Players:-

  • General Electric (U.S.)
  • Siemens (Germany)
  • Vestas Wind Systems A/S (Denmark)
  • Senvion SA (Luxembourg)
  • Doosan Heavy Industries & Construction Co., Ltd (Korea)
  • Dong Energy A/S (Denmark)
  • EEW Group (Germany)
  • ENERCON GmbH (Germany)
  • Goldwind Windenergy GmbH (China)

 

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Scope of the Report:-

This study provides an overview of the global offshore wind market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Offshore Wind market by its component type, by location and by region.

 

Market Analysis:-

Currently, the Offshore Wind market is spurting owing to the increase in demand for power, global initiatives to use more renewable and non-conventional energy sources and the global need to restrict carbon emission. The growth in this sector can be attributed to the increasing demand for clean and reliable energy in order to reduce the global carbon emissions and to maintain ecological balance by generating electricity through renewable resources.

However, initial high capital cost of projects with high maintenance cost and logistics issues can hinder the offshore wind market. The high tidal winds & bad weather conditions making offshore wind farms difficult for access in the event of problem rectification and preventive maintenance, which is also expected to restrain the growth of the global offshore wind market.

On the other hand, over the next decade, floating wind is expected to follow a cost reduction path similar to that of onshore and bottom-fixed offshore wind, making floating wind cost competitive with other renewable energy sources.

 

Major Points of TOC:-

1  Executive Summary

2  Introduction

3 Research Methodology

4  Market Dynamics

5  Market Factor Analysis

5.1 Porter’s Five Forces Analysis 21

5.1.1 Threat Of New Entrant 21

5.1.2 Bargaining Power Of Suppliers 22

5.1.3 Threat Of Substitutes 22

5.1.4 Bargaining Power Of Buyer 22

5.1.5 Rivalry 22

5.2 Value Chain Analysis 23

 

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6 Global Offshore Wind Market, By Components

6.1 Introduction 26

6.2 Turbine 27

6.3 Tower 27

6.4 Blades 28

6.5 Electrical Infrastructure 28

6.6 Nacelle 28

Continued……

 

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