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Published Date: 2015-06-29Number of Pages: 180

Offshore Wind Energy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022

 

Offshore wind energy has numerous advantages over its onshore counterpart. Other than the fact that higher wind speeds may be harnessed in offshore environments, the sector is also less likely to run into controversies surrounding land acquisition, a problem which has been plaguing the onshore wind sector since its inception. Additionally, numerous countries do not have feasible land available wherein wind energy can be harnessed or have already exhausted their onshore wind resources. In all of the aforementioned scenarios, offshore wind energy can prove to be an extremely viable alternative. However, this technology is not without its fair share of disadvantages. Firstly, the technology is relatively underdeveloped, which directly translates to higher costs for construction and commissioning. The higher costs further translate to higher levelized costs of electricity which can prove to be highly detrimental for a technology that is continuously trying to compete with other renewable power generation sources.

 

Europe currently is the only region which has invested significantly in developing its offshore wind energy sector, followed by Asia Pacific − wherein China is the only country that has set aside separate targets for offshore wind energy projects. Other regions such as North America and Rest of the World are yet to construct and commission utility-scale offshore wind energy projects. The offshore wind energy sector in Europe has developed over a long period of time with countries such as the U.K., Belgium, Denmark, and Germany emerging as market leaders. In the future, although strong growth rates in installations are expected in Asia Pacific, the bulk of the installations is still likely to occur in Europe. Countries such as Germany, the Netherlands, the U.K, and even France are likely to drive growth in annual capacity additions in the sector. In Asia Pacific, China is likely to drive the growth in capacity additions throughout the forecast period. Despite recently reducing its capacity addition targets, achieving the revised target of 10 GW till 2020 would also require China to add around 1 GW of new offshore wind energy generating capacity annually, post 2015. 

 

Cost reductions are likely to be observed across the entire offshore wind energy value chain: starting from turbine costs, to foundation and cabling costs, as well as installation expenditures. Overall, the maximum cost reductions are expected to be observed in Europe, followed by Asia Pacific. The extent to which cost reductions and supply chain concentration are achieved within the forecast period would be a critical determinant of the expected annual capacity additions in the offshore wind energy sector. Needless to say, offshore wind energy technology has to continuously compete with other renewable energy technologies including its own onshore counterpart. In such an environment, the higher levelized electricity tariffs generally associated with higher costs would significantly hamper adoption of the technology. Within the forecast period, we would also observe the advent of larger turbine sizes, especially the 6 MW and 8 MW turbine variants. This would be a distinct upgrade from the current turbine trend of 4 MW which is mostly witnessed in Europe. Major joint ventures such as MHI Vestas Offshore Wind (between MHI and Vestas) and ADWEN (between Areva and Gamesa) are likely to bring in the much needed technological expertise and financing capacity for developing larger wind farms.

 

offshore-wind-energy-market

 

 

Chapter 1 Preface

1.1 Report Description

1.2 Research Scope

1.3 Market Segmentation

1.4 Research Methodology

 

Chapter 2 Executive Summary

2.1 Global Offshore Wind Energy Market

 

Chapter 3 Offshore Wind Energy Market – Industry Analysis

3.1 Introduction

3.2 Value Chain Analysis: Offshore Wind Energy Market

3.3 Market Drivers

       3.3.1 Numerous Advantages Over Its Onshore Counterpart Is Significantly Bolstering Capacity Additions In The Offshore Wind Sector

               3.3.1.1 Cumulative Installed Capacity for Onshore and Offshore Wind Power, 2007 – 2013 (MW)

       3.3.2 Conducive Incentive Mechanisms And Regulatory Frameworks For The Offshore Wind Energy Sector Increasing Investments And Accelerating Capacity Additions

       3.3.3 Increasing Utilization Of Project Financing In Offshore Wind Energy Projects Is Expected To Increase Investor Confidence And Speed Up Capacity Additions

3.4 Market Restraints

       3.4.1 Higher Capital Costs Associated With Projects Are Hampering Brisk Capacity Additions

       3.4.2 Presence Of Bottlenecks In The Supply Chain Hampers Brisk Project Development Activities In The Offshore Sector

3.5 Market Opportunities

       3.5.1 New Offshore Projects Using Floating Wind Turbines Are Expected To Result In A Spurt Of Project Development Activities In Deepwater Locations

3.6 Porter’s five forces analysis: Offshore Wind Energy Market

       3.6.1 Bargaining power of suppliers

       3.6.2 Bargaining power of buyers

       3.6.3 Threat from new entrants

       3.6.4 Degree of competition

       3.6.5 Threat from substitutes

3.7 Offshore Wind Energy Sector – Deal Analysis

       3.7.1 Vestas Wind Systems A/S (Vestas) and Mitsubishi Heavy Industries Ltd. (MHI) Joint Venture

       3.7.2 Areva S.A and Gamesa Corporación Tecnológica (Gamesa) Joint Venture

       3.7.3 Siemens AG acquisition of A2SEA A/S

3.8 Offshore Wind Energy Sector – Capital Cost Analysis

       3.8.1 Conceptualization Costs

               3.8.1.1 Global Offshore Wind Energy Market, Conceptualization Cost Breakdown, By Cost Component, 2014

       3.8.2 Wind Turbine Costs

               3.8.2.1 Global Offshore Wind Energy Market, Wind Turbine Cost Breakdown, By Cost Component, 2014

       3.8.3 Balance of Plant Costs

               3.8.3.1 Global Offshore Wind Energy Market, Balance of Plant Cost Breakdown, By Cost Component, 2014

       3.8.4 Installation Costs

               3.8.4.1 Global Offshore Wind Energy Market, Installation Cost Breakdown, By Cost Component, 2014

       3.8.5 Total Lifetime Costs

               3.8.5.1 Global Offshore Wind Energy Market, Total Lifetime Cost Breakdown, By Cost Component, 2014

3.9 Offshore Wind Energy Sector – Cost Reduction Opportunity Analysis

       3.9.1 Turbine Cost

               3.9.1.1 Global Offshore Wind Energy Market, Turbine Cost Reduction Opportunities, By Reduction Factors, 2014

               3.9.1.2 Global Offshore Wind Energy Market, Turbine Cost Reduction Possibilities, By Percentage Reduction & Probability, 2014

               3.9.1.3 Europe Offshore Wind Energy Market, Average Installed Turbine Size, By Capacity per Turbine, 2000 – 2013

       3.9.2 Foundation Costs

               3.9.2.1 Global Offshore Wind Energy Market, Foundation Cost Reduction Opportunities, By Reduction Factors, 2014

               3.9.2.2 Global Offshore Wind Energy Market, Foundation Cost Reduction Possibilities, By Percentage Reduction & Probability, 2014

       3.9.3 Grid Connection Costs

               3.9.3.1 Global Offshore Wind Energy Market, Grid Connection Cost Reduction Possibilities, By Percentage Reduction & Probability, 2014

       3.9.4 Installation Costs

               3.9.4.1 Global Offshore Wind Energy Market, Installation Cost Reduction Opportunities, By Reduction Factors, 2014

               3.9.4.2 Global Offshore Wind Energy Market, Installation Cost Reduction Possibilities, By Percentage Reduction & Probability, 2014

3.10 Market Attractiveness Analysis

       3.10.1 Market Attractiveness Analysis of Global Offshore Wind Energy Market, by Region, 2013

 

Chapter 4 Offshore Wind Energy Market: Regional Analysis

4.1 Offshore Wind Energy Market: Regional overview

       4.1.1 Global Offshore Wind Energy Market, volume and revenue share by region, 2013 and 2022

4.2 North America

       4.2.1 North America Offshore Wind Energy Market, volume share by country, 2013 and 2022

       4.2.2 North America Offshore Wind Energy Market estimates and forecast, 2013 – 2022 (MW) (USD Million)       

       4.2.3 North America Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW)

       4.2.4 North America Offshore Wind Energy Market Annual Investments [Revenue], 2013 – 2022 (USD Million)

       4.2.5 The U.S.

               4.2.5.1 The U.S. Offshore Wind Energy Market estimates and forecast, 2013 – 2022 (MW) (USD Million)

               4.2.5.2 The U.S. Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW)

               4.2.5.3 The U.S. Offshore Wind Energy Market Annual Investments [Revenue], 2013 – 2022 (USD Million)

               4.2.5.4 Offshore Wind Energy Project List: The U.S.

       4.2.6 Rest of North America

               4.2.6.1 Rest of North America Offshore Wind Energy Market estimates and forecast, 2013 – 2022 (MW) (USD Million)

               4.2.6.2 Rest of North America Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW)

               4.2.6.3 Rest of North America Offshore Wind Energy Market Annual Investments [Revenue], 2013 – 2022 (USD Million)

               4.2.6.4 Offshore Wind Energy Project List: Rest of North America

4.3 Europe

      4.3.1 Europe Offshore Wind Energy Market, volume share by country, 2013 and 2022

      4.3.2 Europe Offshore Wind Energy Market estimates and forecast, 2013 – 2022 (MW) (USD Million)

      4.3.3 Europe Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW)

      4.3.4 Europe Offshore Wind Energy Market Annual Investments [Revenue], 2013 – 2022 (USD Million)

      4.3.5 U.K

               4.3.5.1 U.K Offshore Wind Energy Market estimates and forecast, 2013 – 2022 (MW) (USD Million)

               4.3.5.2 U.K Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW)

               4.3.5.3 U.K Offshore Wind Energy Market Annual Investments [Revenue], 2013 – 2022 (USD Million)

               4.3.5.4 Offshore Wind Energy Project List: U.K

       4.3.6 Germany

               4.3.6.1 Germany Offshore Wind Energy Market estimates and forecast, 2013 – 2022 (MW) (USD Million)

               4.3.6.2 Germany Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW)

               4.3.6.3 Germany Offshore Wind Energy Market Annual Investments [Revenue], 2013 – 2022 (USD Million)

               4.3.6.4 Regulatory Snapshot – Germany Offshore Wind

               4.3.6.5 Offshore Wind Energy Project List: Germany

       4.3.7 Denmark

               4.3.7.1 Denmark Offshore Wind Energy Market estimates and forecast, 2013 – 2022 (MW) (USD Million)

               4.3.7.2 Denmark Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW)

               4.3.7.3 Denmark Offshore Wind Energy Market Annual Investments [Revenue], 2013 – 2022 (USD Million)

               4.3.7.4 Offshore Wind Energy Project List: Denmark

        4.3.8 Belgium

               4.3.8.1 Belgium Offshore Wind Energy Market estimates and forecast, 2013 – 2022 (MW) (USD Million)

               4.3.8.2 Belgium Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW)

               4.3.8.3 Belgium Offshore Wind Energy Market Annual Investments [Revenue], 2013 – 2022 (USD Million)

               4.3.8.4 Permitting and Licensing – Belgium Offshore Wind Sector

                          4.3.8.4.1 Domain Concession

                          4.3.8.4.2 Construction Authorization and Operating License

                          4.3.8.4.3 Submarine Cable License

               4.3.8.5 Offshore Wind Energy Project List: Belgium

       4.3.9 Sweden

               4.3.9.1 Sweden Offshore Wind Energy Market estimates and forecast, 2013 – 2022 (MW) (USD Million)

               4.3.9.2 Sweden Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW)

               4.3.9.3 Sweden Offshore Wind Energy Market Annual Investments [Revenue], 2013 – 2022 (USD Million)

               4.3.9.4 Offshore Wind Energy Project List: Sweden

       4.3.10 Netherlands

               4.3.10.1 Netherlands Offshore Wind Energy Market estimates and forecast, 2013 – 2022 (MW) (USD Million)

               4.3.10.2 Netherlands Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW)

               4.3.10.3 Netherlands Offshore Wind Energy Market Annual Investments [Revenue], 2013 – 2022 (USD Million)

               4.3.10.4 The Dutch Offshore Wind Development Plan

               4.3.10.5 Regulatory Snapshot – Netherlands Offshore Wind

                           4.3.10.5.1 Designated Wind Farm Zones

                           4.3.10.5.2 Government Siting Decision

                           4.3.10.5.3 Site Data Provision

                           4.3.10.5.4 Allocation of Grid Connection

                           4.3.10.5.5 Tendering of Grants

               4.3.10.6 Offshore Wind Energy Project List: Netherlands

     4.3.11 Rest of Europe

               4.3.11.1 Rest of Europe Offshore Wind Energy Market estimates and forecast, 2013 – 2022 (MW) (USD Million)

               4.3.11.2 Rest of Europe Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW)

               4.3.11.3 Rest of Europe Offshore Wind Energy Market Annual Investments [Revenue], 2013 – 2022 (USD Million)

               4.3.11.4 Offshore Wind Energy Project List: Rest of Europe

       4.3.12 Europe Offshore Wind Energy Market, Company Market Share, By Annual Installation and Cumulative Capacity, 2010 and 2014

       4.3.13 Europe Offshore Wind Energy Market, Foundation Trends Analysis, 2010 – 2014 (Units)

4.4 Asia Pacific

       4.4.1 Asia Pacific Offshore Wind Energy Market, volume share by country, 2013 and 2022

       4.4.2 Asia Pacific Offshore Wind Energy Market estimates and forecast, 2013 – 2022 (MW) (USD Million)

       4.4.3 Asia Pacific Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW)

       4.4.4 Asia Pacific Offshore Wind Energy Market Annual Investments [Revenue], 2013 – 2022 (USD Million)

       4.4.5 China

               4.4.5.1 China Offshore Wind Energy Market estimates and forecast, 2013 – 2022 (MW) (USD Million)

               4.4.5.2 China Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW)

               4.4.5.3 China Offshore Wind Energy Market Annual Investments [Revenue], 2013 – 2022 (USD Million)

       4.4.6 China Offshore Wind Energy Market, Company Market Share, By Cumulative Capacity, 2013

               4.4.6.1 Foundation Type Analysis: China Offshore Wind

               4.4.6.2 Current Challenges – China Offshore Wind

                          4.4.6.2.1 Project Developer Challenges

                          4.4.6.2.2 Turbine Manufacturer Challenges

                          4.4.6.2.3 Substructure Challenges

                          4.4.6.2.4 Installation and Connectivity Challenges

               4.4.6.3 Offshore Wind Energy Project List: China

      4.4.7 Japan

               4.4.7.1 Japan Offshore Wind Energy Market estimates and forecast, 2013 – 2022 (MW) (USD Million)

               4.4.7.2 Japan Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW)

               4.4.7.3 Japan Offshore Wind Energy Market Annual Investments [Revenue], 2013 – 2022 (USD Million)

               4.4.7.4 Offshore Wind Energy Targets – Japan

               4.4.7.5 Offshore Wind Energy Project List: Japan

       4.4.8 Rest of Asia Pacific

               4.4.8.1 Rest of Asia Pacific Offshore Wind Energy Market estimates and forecast, 2013 – 2022 (MW) (USD Million)

               4.4.8.2 Rest of Asia Pacific Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW)

               4.4.8.3 Rest of Asia Pacific Offshore Wind Energy Market Annual Investments [Revenue], 2013 – 2022 (USD Million)

               4.4.8.4 Offshore Wind Energy Project List: Rest of Asia Pacific

4.5 Rest of the World

      4.5.1 Rest of the World Offshore Wind Energy Market estimates and forecast, 2013 – 2022 (MW) (USD Million)

               4.5.1.1 Rest of the World Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW)

               4.5.1.2 Rest of the World Offshore Wind Energy Market Annual Investments [Revenue], 2013 – 2022 (USD Million)

 

Chapter 5 Company Profiles

5.1 Siemens Wind Power

       5.1.1 Company Overview

       5.1.2 Product Portfolio

       5.1.3 Financial Overview

       5.1.4 Business Strategy

       5.1.5 Recent Developments

5.2 Vestas Wind Systems A/S

       5.2.1 Company Overview

       5.2.2 Product Portfolio

       5.2.3 Financial Overview

       5.2.4 Business Strategy

       5.2.5 Recent Developments

5.3 Goldwind Science and Technology Co., Ltd.

       5.3.1 Company Overview

       5.3.2 Product Portfolio

       5.3.3 Financial Overview

       5.3.4 Business Strategy

       5.3.5 Recent Developments

5.4 Gamesa Corporacion Tecnologica SA

       5.4.1 Company Overview

       5.4.2 Product Portfolio

       5.4.3 Financial Overview

       5.4.4 Business Strategy

       5.4.5 Recent Developments

5.5 GE Wind Energy

       5.5.1 Company Overview

       5.5.2 Product Portfolio

       5.5.3 Financial Overview

       5.5.4 Business Strategy

       5.5.5 Recent Developments

5.6 Sinovel Wind Group Co., Ltd.

       5.6.1 Company overview

       5.6.2 Product Portfolio

       5.6.3 Business Strategy

5.7 Dong Energy A/S

       5.7.1 Company Overview

       5.7.2 Product portfolio

       5.7.3 Financial Overview

       5.7.4 Business Strategy

       5.7.5 Recent developments

5.8 Suzlon Group

       5.8.1 Company Overview

       5.8.2 Product Portfolio

       5.8.3 Financial Overview

       5.8.4 Business Strategy

       5.8.5 Recent Developments

5.9 Nordex SE

       5.9.1 Company Overview

       5.9.2 Product portfolio

       5.9.3 Financial overview-

       5.9.4 Business strategy

       5.9.5 Recent developments:

5.10 China Ming Yang Wind Power Group Limited

       5.10.1 Company overview

       5.10.2 Product portfolio

       5.10.3 Financial overview

       5.10.4 Business strategy

       5.10.5 Recent developments

List of Figures 

 

FIG. 1 Oil Spill Management (GHP): Market segmentation

FIG. 3 Value chain analysis of Offshore Wind Energy Market

FIG. 4 Porter’s five forces analysis: Offshore Wind Energy Market

FIG. 5 Global Offshore Wind Energy Market, Conceptualization Cost Breakdown, By Cost Component, 2014

FIG. 6 Global Offshore Wind Energy Market, Wind Turbine Cost Breakdown, By Cost Component, 2014

FIG. 7 Global Offshore Wind Energy Market, Balance of Plant Cost Breakdown, By Cost Component, 2014

FIG. 8 Global Offshore Wind Energy Market, Installation Cost Breakdown, By Cost Component, 2014

FIG. 9 Global Offshore Wind Energy Market, Total Lifetime Cost Breakdown, By Cost Component, 2014

FIG. 10 Global Offshore Wind Energy Market, Turbine Cost Reduction Opportunities, By Reduction Factors, 2014

FIG. 11 Global Offshore Wind Energy Market, Turbine Cost Reduction Possibilities, By Percentage Reduction & Probability, 2014

FIG. 12 Europe Offshore Wind Energy Market, Average Installed Turbine Size, By Capacity per Turbine, 2000 – 2013

FIG. 13 Global Offshore Wind Energy Market, Foundation Cost Reduction Opportunities, By Reduction Factors, 2014

FIG. 14 Global Offshore Wind Energy Market, Foundation Cost Reduction Possibilities, By Percentage Reduction & Probability, 2014

FIG. 15 Global Offshore Wind Energy Market, Grid Connection Cost Reduction Possibilities, By Percentage Reduction & Probability, 2014

FIG. 16 Global Offshore Wind Energy Market, Installation Cost Reduction Opportunities, By Reduction Factors, 2014

FIG. 17 Global Offshore Wind Energy Market, Installation Cost Reduction Possibilities, By Percentage Reduction & Probability, 2014

FIG. 18 Market Attractiveness Analysis of Global Offshore Wind Energy Market, by Region, 2013

FIG. 19 Global Offshore Wind Energy Market Estimates and Forecast, by Region, 2013 & 2022 (MW) (USD Million) 

FIG. 20 North America Offshore Wind Energy Market Estimates and Forecast, by Country, 2013 & 2022 (MW) 

FIG. 21 North America Offshore Wind Energy Market revenue, 2013 – 2022 (MW) (USD Million) 

FIG. 22 North America Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW) 

FIG. 23 North America Offshore Wind Energy Market Annual Investments, 2013 – 2022 (USD Million) 

FIG. 24 The U.S. Offshore Wind Energy Market volume and revenue, 2013 – 2022 (MW) (USD Million) 

FIG. 25 The U.S. Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW) 

FIG. 26 The U.S. Offshore Wind Energy Market Annual Investments, 2013 – 2022 (USD Million) 

FIG. 27 Rest of North America Offshore Wind Energy Market volume and revenue, 2013 – 2022 (MW) (USD Million) 

FIG. 28 Rest of North America Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW) 

FIG. 29 Rest of North America Offshore Wind Energy Market Annual Investments, 2013 – 2022 (USD Million) 

FIG. 30 Europe Offshore Wind Energy Market Estimates and Forecast, by Country, 2013 & 2022 (MW) 

FIG. 31 Europe Offshore Wind Energy Market revenue, 2013 – 2022 (MW) (USD Million) 

FIG. 32 Europe Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW) 

FIG. 33 Europe Offshore Wind Energy Market Annual Investments, 2013 – 2022 (USD Million) 

FIG. 34 U.K Offshore Wind Energy Market volume and revenue, 2013 – 2022 (MW) (USD Million) 

FIG. 35 U.K Offshore Wind Energy Project Pipeline, as on April 2014, GW

FIG. 36 U.K Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW) 

FIG. 37 U.K Offshore Wind Energy Market Annual Investments, 2013 – 2022 (USD Million) 

FIG. 38 Germany Offshore Wind Energy Market volume and revenue, 2013 – 2022 (MW) (USD Million) 

FIG. 39 Germany Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW) 

FIG. 40 Germany Offshore Wind Energy Market Annual Investments, 2013 – 2022 (USD Million) 

FIG. 41 Denmark Offshore Wind Energy Market volume and revenue, 2013 – 2022 (MW) (USD Million) 

FIG. 42 Denmark Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW) 

FIG. 43 Denmark Offshore Wind Energy Market Annual Investments, 2013 – 2022 (USD Million) 

FIG. 44 Belgium Offshore Wind Energy Market volume and revenue, 2013 – 2022 (MW) (USD Million) 

FIG. 45 Belgium Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW) 

FIG. 46 Belgium Offshore Wind Energy Market Annual Investments, 2013 – 2022 (USD Million) 

FIG. 47 Sweden Offshore Wind Energy Market volume and revenue, 2013 – 2022 (MW) (USD Million) 

FIG. 48 Sweden Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW) 

FIG. 49 Sweden Offshore Wind Energy Market Annual Investments, 2013 – 2022 (USD Million) 

FIG. 50 Netherlands Offshore Wind Energy Market volume and revenue, 2013 – 2022 (MW) (USD Million) 

FIG. 51 Netherlands Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW) 

FIG. 52 Netherlands Offshore Wind Energy Market Annual Investments, 2013 – 2022 (USD Million) 

FIG. 53 Rest of Europe Offshore Wind Energy Market volume and revenue, 2013 – 2022 (MW) (USD Million) 

FIG. 54 Rest of Europe Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW) 

FIG. 55 Rest of Europe Offshore Wind Energy Market Annual Investments, 2013 – 2022 (USD Million) 

FIG. 56 Europe Offshore Wind Energy Market, Company Market Share, By Annual Installation, 2010 and 2014 (MW) 

FIG. 57 Europe Offshore Wind Energy Market, Company Market Share, By Cumulative Installation, 2010 and 2014 (MW) 

FIG. 58 Europe Offshore Wind Energy Market, Foundation Trends Analysis, 2010 – 2014 (Units) 

FIG. 59 Asia Pacific Offshore Wind Energy Market Estimates and Forecast, by Country, 2013 & 2022 (MW) 

FIG. 60 Asia Pacific Offshore Wind Energy Market revenue, 2013 – 2022 (MW) (USD Million) 

FIG. 61 Asia Pacific Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW) 

FIG. 62 Asia Pacific Offshore Wind Energy Market Annual Investments, 2013 – 2022 (USD Million) 

FIG. 63 China Offshore Wind Energy Market volume and revenue, 2013 – 2022 (MW) (USD Million) 

FIG. 64 China Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW) 

FIG. 65 China Offshore Wind Energy Market Annual Investments, 2013 – 2022 (USD Million) 

FIG. 66 China Offshore Wind Energy Market, Company Market Share, By Cumulative Capacity, 2013

FIG. 67 Japan Offshore Wind Energy Market volume and revenue, 2013 – 2022 (MW) (USD Million) 

FIG. 68 Japan Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW) 

FIG. 69 Japan Offshore Wind Energy Market Annual Investments, 2013 – 2022 (USD Million) 

FIG. 70 Japan’s Wind Energy Sector Development Roadmap, By Technology, 2010 – 2050 (GW) 

FIG. 71 Rest of Asia Pacific Offshore Wind Energy Market volume and revenue, 2013 – 2022 (MW) (USD Million) 

FIG. 72 Rest of Asia Pacific Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW) 

FIG. 73 Rest of Asia Pacific Offshore Wind Energy Market Annual Investments, 2013 – 2022 (USD Million) 

FIG. 74 Rest of the World Offshore Wind Energy Market revenue, 2013 – 2022 (MW) (USD Million) 

FIG. 75 Rest of the World Offshore Wind Energy Market Annual Capacity Additions, 2013 – 2022 (MW) 

FIG. 76 Rest of the World Offshore Wind Energy Market Annual Investments, 2013 – 2022 (USD Million) 

List of Tables

 

Table 1 Global Offshore Wind Energy Market Snapshot

Table 2 Drivers of Offshore Wind Energy Market: Impact Analysis

Table 3 Restraints of Offshore Wind Energy Market: Impact Analysis

Table 4 Opportunities of Offshore Wind Energy Market: Impact Analysis

Table 5 Offshore Wind Energy Projects in the U.S. 

Table 6 Offshore Wind Energy Projects in Rest of North America

Table 7 Offshore Wind Energy Projects in the U.K

Table 8 Offshore Wind Energy Projects in Germany

Table 9 Offshore Wind Energy Projects in Denmark

Table 10 Offshore Wind Energy Projects in Belgium

Table 11 Offshore Wind Energy Projects in Sweden

Table 12 Offshore Wind Energy Projects in The Netherlands

Table 13 Offshore Wind Energy Projects in the Rest of Europe

Table 14 Offshore Wind Projects under construction in China

Table 15 Upcoming Offshore Wind Energy Projects in China

Table 16 Operational Offshore Wind Energy Projects in China

Table 17 Offshore Wind Energy Projects in Japan

Table 18 Offshore Wind Energy Projects in the Rest of Asia Pacific

Table 19 Offshore Wind Energy Project List in the Rest of the World

 

The global offshore wind energy market is projected to demonstrate healthy growth in the coming few years. The rising focus on renewable energy around the world will drive the wind energy sector significantly. Furthermore, many countries are planning to add to their wind power production capacity, while other countries are planning to establish new wind farms. The growing opportunities in the global offshore wind energy market are attracting major investments from domestic and international firms.

Moreover, these opportunities in the global offshore wind energy market are also projected to generate several job opportunities. Broadly, the global offshore wind energy market is segmented on the basis of region. The key regions evaluated in the global offshore wind energy market are North America, Europe, Asia Pacific, and Rest of the World (RoW).

The research study on the global offshore wind energy market delivers a comprehensive analysis of the major deals in the industry along with their impact on the industry in the coming few years. Some of the key deals analyzed in the global offshore wind energy market report are: Joint venture between Vestas and Mitsubishi, joint venture between Areva and Gamesa, and Siemens’ acquisition of A2SEA.

Overview of the Global Wind Energy Market 
The global offshore wind energy market benefits from the numerous advantages it holds over its onshore counterpart. Furthermore, the favorable incentive mechanism and regulatory framework is fuelling investment and accelerating capacity additions in the global offshore wind energy market. Another key market driver of the global offshore wind energy market is the rising utilization of project financing in offshore wind energy projects.

Propelled by these factors, the global installed capacity in the offshore wind energy market is projected to expand at a healthy CAGR of 25.0% during the forecast period from 2014 to 2022. In 2013, the installed capacity of the global offshore wind energy market was noted at 7,045.4 MW and by 2022, it is projected to be 52,120.9 MW.

Presently, Germany is a strong contender in the global offshore wind energy market and accounts for 30% of European offshore wind farms. Location is a key advantage for Germany’s growth in the European offshore wind energy market. After Europe, Asia Pacific is the largest market for offshore wind energy. China in Asia Pacific is the only nation that has a separate target allotment in terms of offshore wind energy installations.

Even though the global offshore wind energy market will expand substantially in the coming few years, it will be challenged by a few factors. The presence of bottlenecks in the supply chain will constrain brisk project development activities in the offshore sector. Moreover, the global offshore wind energy market will be challenged by the high capital costs associated with projects.

Companies mentioned in the research report 
The key companies in the global offshore wind energy market operate at a domestic and global level. Some of the key players operating in this market are China Ming Yang Wind Power, Nordex, Suzlon, Dong Energy, Sinovel Win, GE Wind Energy, Gamesa, Vestas, and Siemens. Players in the global offshore wind energy market will benefit from the opportunity of new offshore projects that use floating wind turbines.

Major regions analyzed under this research report are: 

  • Europe
  • North America 
  • Asia Pacific 
  • Rest of the World 

This report gives you access to decisive data such as:

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements 
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments