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Published Date: 2017-05-18Number of Pages: 134

Offshore Wind Turbines Market - (Foundation - Mono Pile, Jacket, Tripod, and Floating; Application - Shallow Water, Transient Water, and Deep Water; Capacity - Upto 1 MW, 1-3 MW, 3-5 MW, and 5 MW and Above) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Global Offshore Wind Turbines Market: Snapshot

Wind energy has been harnessed by the oldest of civilizations. Today, the wind energy sector has evolved to generate electricity, through wind turbines taking off a major load from conventional sources of energy. Wind turbines use the power of natural wind to generate electricity. The technology is still in its nascent stage. It must overcome technical, economic and political challenges for commercial and large-scale deployment. Several developing countries have opened up a plethora of opportunities for the global offshore wind turbines market as the pressure of keeping the carbon emissions low is mounting each day. According to the research report, the global offshore wind turbines market is projected to be worth US$58,729.7 mn by the end of 2025 from US$29,418.9 mn in 2016. During the forecast period of 2017 and 2025, analysts estimate that the global market will surge at a CAGR of 7.7%.

offshore wind turbine market

 

Floating Offshore Wind Turbines See Higher Adoption due to Advantages over Traditional Turbines

As shallow- and deep-water spots being explored harness the potential for power generation from wind, they are likely to augment the growth of the floating wind turbines segment over the forecast period. Offshore floating turbines are advantageous over fixed structures in terms of the total cost incurred in installation and production. These wind turbines come with a floating platform to support the entire turbine structure. On the other hand, traditional offshore plants need fixing of foundations to the seafloor and bolting of massive turbines on them, which can hamper the ecology as well.

Several new, offshore, floating wind turbine projects are in the prototype phase for testing of their operational feasibility, particularly in India, China, South Korea, the Pacific Islands, and Japan. A floating platform and its turbine are entirely manufactured onshore. They are then towed out and tethered to the seafloor. Another advantage of the floating platform is that they can be identical in shape, which reduces the cost of customization.

Asia Pacific and Europe to Remain Nip and Tuck in Global Offshore Wind Turbines Market

From a geographic point of view, Europe and Asia Pacific are expected to provide significant growth potential for the offshore wind turbines market during the forecast period. Europe dominated the global offshore wind turbines market in 2016, with vast expansion in offshore wind power generation. Wind is one of the leading sources of the renewable energy mix in the region. Offshore wind energy is gaining market share at a rapid pace in the renewable energy mix because of the advantages that it possesses over onshore wind energy.

Various countries across the globe have established electricity generation targets from renewable energy. Developing economies such as India are now focusing on renewable sources of energy for power generation. India has set targets of electricity generations by wind energy and solar energy. Exploration of offshore sites is being carried out in order to enhance profitability of power generation from wind. Unlike onshore sites, offshore sites generally have uninterrupted winds throughout the year.

Some of the key players operating in the global offshore wind turbines market are Enercon GmbH, Siemens Wind Power, Gamesa Corporacion Technologica S.A., Guodian United Power Technology Company Ltd, Nordex S.E., Vestas Wind Systems A/S, Upwind Solutions Inc., Suzlon Group, Xinjiang Goldwind Science & Technologies Co. Ltd, and GE Wind Energy.

1. Preface
     1.1. Market Definition and Scope
     1.2. Market Segmentation
     1.3. Key Research Objectives
     1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Offshore Wind Turbines Market

4. Market Overview
     4.1. Introduction
             4.1.1. Product Definition
             4.1.2. Industry Evolution / Developments
     4.2. Wind Energy Market Overview
     4.3. Key Market Indicators
             4.3.1. Renewable Energy Generation Mix – Global Scenario
             4.3.2. Renewable Energy Targets – Global Scenario
             4.3.3. Regulatory and Financial Challenges – Global Wind turbines Scenario
     4.4. Market Dynamics
             4.4.1. Drivers
             4.4.2. Restraints
             4.4.3. Opportunity
     4.5. Global Offshore Wind Turbines Market Analysis and Forecasts, 2016 – 2025
             4.5.1. Market Volume Projections (MW)
             4.5.2. Market Revenue Projections (US$ Mn)
             4.5.3. Pricing - Actuals and Projections, 2016 – 2025 (US$/MW)
     4.6. Offshore Wind Turbines Market - Global Supply Demand Scenario
     4.7. Porter’s Five Force Analysis
     4.8. Value Chain Analysis
             4.8.1. List of active market participants (Suppliers/distributors/manufacturers/)
             4.8.1.1. Foundation Manufacturers
             4.8.1.2. Turbine OEMs
             4.8.1.3. Distributors
             4.8.1.4. EPC Players
             4.8.1.5. Service Providers
             4.8.2. Forward – Backward Integration Scenario
     4.9. Market Outlook

5. Global Offshore Wind Turbines Market Analysis and Forecasts, By Foundation
     5.1. Introduction & Definition
     5.2. Key Findings / Developments
     5.3. Key Trends
     5.4. Market Volume (MW) & Revenue (US$ Mn) Forecast By Foundation, 2016–2025
             5.4.1. Monopile
             5.4.2. Jacket
             5.4.3. Tripod
             5.4.4. Floating
             5.4.5. Others
     5.5. Foundation Comparison Matrix
     5.6. Market Attractiveness By Foundation

6. Global Offshore Wind Turbines Market Analysis and Forecasts, By Location Proximity
     6.1. Introduction & Definition
     6.2. Key Findings / Developments
     6.3. Key Trends
     6.4. Market Volume (MW) & Revenue (US$ Mn) Forecast By Location Proximity, 2016-2025
             6.4.1. Shallow Water
             6.4.2. Deep Water
             6.4.3. Ultra-deep Water
     6.5. By Location Proximity Comparison Matrix
     6.6. Market Attractiveness By Location Proximity

7. Global Offshore Wind Turbines Market Analysis and Forecasts, By Capacity
     7.1. Introduction & Definition
     7.2. Key Findings / Developments
     7.3. Key Trends
     7.4. Market Volume (MW) & Revenue (US$ Mn) Forecast By Capacity, 2016-2025
             7.4.1. Up to 1 MW
             7.4.2. 1-3 MW
             7.4.3. 3-5 MW
             7.4.4. 5 MW and above
     7.5. By Capacity Comparison Matrix
     7.6. Market Attractiveness By Capacity

8. Global Offshore Wind Turbines Market Analysis and Forecasts, By Region
     8.1. Key Findings
     8.2. Policies and Regulations
     8.3. Market Size (MW) & Revenue (US$ Mn) Forecast By Region, 2016-2025
             8.3.1. North America
             8.3.2. Europe
             8.3.3. Asia Pacific
             8.3.4. Latin America
             8.3.5. Middle East & Africa
     8.4. Market Attractiveness By Country/Region

9. North America Offshore Wind Turbines Market Analysis and Forecast
     9.1. Introduction
             9.1.1. Key Findings
             9.1.2. Policies and Regulations
             9.1.3. Price Trend Analysis
             9.1.4. Key Trends
     9.2. Market Size (MW) & Revenue (US$ Mn) Forecast by Foundation, 2016-2025
             9.2.1. Monopile
             9.2.2. Jacket
             9.2.3. Tripod
             9.2.4. Floating
             9.2.5. Others
     9.3. Market Size (MW) & Revenue (US$ Mn) Forecast By Location Proximity, 2016-2025
             9.3.1. Shallow Water
             9.3.2. Deep Water
             9.3.3. Ultra-deep Water
     9.4. Market Size (MW) & Revenue (US$ Mn) Forecast By Capacity, 2016-2025
             9.4.1. Up to 1 MW
             9.4.2. 1-3 MW
             9.4.3. 3-5 MW
             9.4.4. 5 MW and above
     9.5. Market Volume (MW) & Revenue (US$ Mn) Forecast By Country, 2016–2025
             9.5.1. US
             9.5.2. Canada
     9.6. Market Attractiveness Analysis
             9.6.1. By Foundation
             9.6.2. By Location Proximity
             9.6.3. By Capacity
             9.6.4. By Country

10. Latin America Offshore Wind Turbines Market Analysis and Forecast
     10.1. Introduction
             10.1.1. Key Findings
             10.1.2. Policies and Regulations
             10.1.3. Price Trend Analysis
             10.1.4. Key Trends
     10.2. Market Size (MW) & Revenue (US$ Mn) Forecast By Foundation, 2016-2025
             10.2.1. Monopile
             10.2.2. Jacket
             10.2.3. Tripod
             10.2.4. Floating
             10.2.5. Others
     10.3. Market Size (MW) & Revenue (US$ Mn) Forecast By Location Proximity, 2016-2025
             10.3.1. Shallow Water
             10.3.2. Deep Water
             10.3.3. Ultra-deep Water
     10.4. Market Size (MW) & Revenue (US$ Mn) Forecast By Capacity, 2016-2025
             10.4.1. Up to 1 MW
             10.4.2. 1-3 MW
             10.4.3. 3-5 MW
             10.4.4. 5 MW and above
     10.5. Market Volume (MW) & Revenue (US$ Mn) Forecast By Country, 2016–2025
             10.5.1. Brazil
             10.5.2. Mexico
     10.6. Market Attractiveness Analysis
             10.6.1. By Foundation
             10.6.2. By Location Proximity
             10.6.3. By Capacity
             10.6.4. By Country

11. Asia Pacific Offshore Wind Turbines Market Analysis and Forecast
     11.1. Introduction
             11.1.1. Key Findings
             11.1.2. Policies and Regulations
             11.1.3. Price Trend Analysis
             11.1.4. Key Trends
     11.2. Market Size (MW) & Revenue (US$ Mn) Forecast By Foundation, 2016-2025
             11.2.1. Monopile
             11.2.2. Jacket
             11.2.3. Tripod
             11.2.4. Floating
             11.2.5. Others
     11.3. Market Size (MW) & Revenue (US$ Mn) Forecast By Location Proximity, 2016-2025
             11.3.1. Shallow Water
             11.3.2. Deep Water
             11.3.3. Ultra-deep Water
     11.4. Market Size (MW) & Revenue (US$ Mn) Forecast By Capacity, 2016-2025
             11.4.1. Up to 1 MW
             11.4.2. 1-3 MW
             11.4.3. 3-5 MW
             11.4.4. 4. 5 MW
     11.5. Market Volume (MW) & Revenue (US$ Mn) Forecast By Country, 2016–2025
             11.5.1 Japan
             11.5.2 India
             11.5.3 China
             11.5.4 Australia
             11.5.5 Rest of APAC
     11.6. Market Attractiveness Analysis
             11.6.1. By Foundation
             11.6.2. By Location Proximity
             11.6.3. By Capacity
             11.6.4. By Country

12. Europe Offshore Wind Turbines Market Analysis and Forecast
     12.1. Introduction
             12.1.1. Key Findings
             12.1.2. Policies and Regulations
             12.1.3. Price Trend Analysis
             12.1.4. Key Trend
     12.2. Market Size (MW) & Revenue (US$ Mn) Forecast By Foundation, 2016-2025
             12.2.1. Monopile
             12.2.2. Jacket
             12.2.3. Tripod
             12.2.4. Floating
             12.2.5. Others
     12.3. Market Size (MW) & Revenue (US$ Mn) Forecast By Location Proximity, 2016-2025
             12.3.1. Shallow Water
             12.3.2. Deep Water
             12.3.3. Ultra-deep Water
     12.4. Market Size (MW) & Revenue (US$ Mn) Forecast By Capacity, 2016-2025
             12.4.1. Up to 1 MW
             12.4.2. 1-3 MW
             12.4.3. 3-5 MW
             12.4.4. 5 MW and above
     12.5. Market Volume (MW) & Revenue (US$ Mn) Forecast By Country, 2016–2025
             12.5.1. UK
             12.5.2. France
             12.5.3. Germany
             12.5.4. Spain
             12.5.5. Italy
             12.5.6. Rest of Europe
     12.6. Market Attractiveness Analysis
             12.6.1. By Foundation
             12.6.2. By Location Proximity
             12.6.3. By Capacity
             12.6.4. By Country

13. Middle East & Africa Offshore Wind Turbines Market Analysis and Forecast
     13.1. Introduction
             13.1.1. Key Findings
             13.1.2. Policies and Regulations
             13.1.3. Price Trend Analysis
             13.1.4. Key Trends
     13.2. Market Size (MW) & Revenue (US$ Mn) Forecast By Foundation, 2016-2025
             13.2.1. Monopile
             13.2.2. Jacket
             13.2.3. Tripod
             13.2.4. Floating
             13.2.5. Others
     13.3. Market Size (MW) & Revenue (US$ Mn) Forecast By Location Proximity, 2016-2025
             13.3.1. Shallow Water
             13.3.2. Deep Water
             13.3.3. Ultra-deep Water
     13.4. Market Size (MW) & Revenue (US$ Mn) Forecast By Capacity, 2016-2025
             13.4.1. Up to 1 MW
             13.4.2. 1-3 MW
             13.4.3. 3-5 MW
             13.4.4. 5 MW and above
     13.5. 13.5.Market Volume (MW) & Revenue (US$ Mn) Forecast By Country, 2016–2025
             13.5.1. South Africa
             13.5.2. GCC
             13.5.3. Rest of MEA
     13.6. Market Attractiveness Analysis
             13.6.1. By Foundation
             13.6.2. By Location Proximity
             13.6.3. By Capacity
             13.6.4. By Country

14. Competition Landscape
     14.1. Market Player – Competition Matrix (By Tier and Size of companies)
     14.2. Market Share Analysis By Company (2016)
     14.3. Company Profiles (Details – Overview, Financials, Recent Developments, Strategy)
     14.4. Market Players
             14.4.1. Enercon GmbH
                        14.4.1.1. Company Details (HQ, Established Year, Revenue, Employee Strength, Key Management and Website)
                        14.4.1.2. Company Description
                        14.4.1.3. Business Overview
             14.4.2. Gamesa Corporación Tecnológica S.A
                        14.4.2.1. Company Details (HQ, Established Year, Revenue, Employee Strength, Key Management and Website)
                        14.4.2.2. Company Description
                        14.4.1.3. Business Overview
                        14.4.1.4. SWOT Analysis
                        14.4.1.4. Revenue Share, by Region (2015) in US$ Mn
                        14.4.1.5. Revenue (US$ Mn) and Y-o-Y Growth (%), 2012-2016
                        14.4.1.6. Strategic Overview
             14.4.3. GE
                        14.4.3.1. Company Details (HQ, Established Year, Revenue, Employee Strength, Key Management and Website)
                        14.4.3.2. Company Description
                        14.4.3.3. Business Overview
                        14.4.3.4. SWOT Analysis
                        14.4.3.4. Revenue Share, by Region (2015) in US$ Mn
                        14.4.3.5. Revenue (US$ Mn) and Y-o-Y Growth (%), 2012-2016
                        14.4.3.6. Strategic Overview
             14.4.4. Nordex SE
                        14.4.4.1. Company Details (HQ, Established Year, Revenue, Employee Strength, Key Management and Website)
                        14.4.4.2. Company Description
                        14.4.4.3. Business Overview
                        14.4.4.4. SWOT Analysis
                        14.4.4.4. Revenue Share, by Region (2015) in US$ Mn
                        14.4.4.5. Revenue (US$ Mn) and Y-o-Y Growth (%), 2012-2016
                        14.4.3.6. Strategic Overview
             14.4.5. Xinjiang Goldwind Science & Technologies Co. Ltd
                        14.4.5.1. Company Details (HQ, Established Year, Revenue, Employee Strength, Key Management and Website)
                        14.4.5.2. Company Description
                        14.4.5.3. Business Overview
             14.4.6. Vestas Wind Systems A/S
                        14.4.6.1. Company Details (HQ, Established Year, Revenue, Employee Strength, Key Management and Website)
                        14.4.6.2. Company Description
                        14.4.6.3. Business Overview
                        14.4.6.4. SWOT Analysis
                        14.4.6.4. Revenue Share, by Region (2015) in US$ Mn
                        14.4.6.5. Revenue (US$ Mn) and Y-o-Y Growth (%), 2012-2016
                        14.4.6.6. Strategic Overview
             14.4.7. Siemens AG
                        14.4.7.1. Company Details (HQ, Established Year, Revenue, Employee Strength, Key Management and Website)
                        14.4.7.2. Company Description
                        14.4.7.3. Business Overview
                        14.4.7.4. SWOT Analysis
                        14.4.7.4. Revenue Share, by Region (2015) in US$ Mn
                        14.4.7.5. Revenue (US$ Mn) and Y-o-Y Growth (%), 2012-2016
                        14.4.7.6. Strategic Overview
             14.4.8. Suzlon Group
                        14.4.8.1. Company Details (HQ, Established Year, Revenue, Employee Strength, Key Management and Website)
                        14.4.8.2. Company Description
                        14.4.8.3. Business Overview
                        14.4.8.4. SWOT Analysis
                        14.4.8.4. Revenue Share, by Region (2015) in US$ Mn
                        14.4.8.5. Revenue (US$ Mn) and Y-o-Y Growth (%), 2012-2016
                        14.4.3.6. Strategic Overview
             14.4.9. Guodian United Power Technology Company Ltd
                        14.4.9.1. Company Details (HQ, Established Year, Revenue, Employee Strength, Key Management and Website)
                        14.4.9.2. Company Description
                        14.4.9.3. Business Overview
             14.4.10. Upwind Solutions, Inc
                        14.4.10.1. Company Details (HQ, Established Year, Revenue, Employee Strength, Key Management and Website)
                        14.4.10.2. Company Description
                        14.4.10.3. Business Overview
                        14.4.10.4. SWOT Analysis
                        14.4.10.4. Revenue Share, by Region (2015) in US$ Mn
                        14.4.10.5. Revenue (US$ Mn) and Y-o-Y Growth (%), 2012-2016
                        14.4.10.6. Strategic Overview

List of Figures

Figure 01: Global Offshore Wind Turbines Market Revenue (US$ Mn) Forecast, 2016-2025
Figure 02: Global Offshore Wind Turbines Market Volume (MW) Forecast, 2016-2025
Figure 03: Global Offshore Wind Turbines Market Value Share Analysis, by Foundation Type, 2016 and 2025
Figure 04: Global Offshore Wind Turbines Market Attractiveness Analysis, by Foundation Type
Figure 05: Global Offshore Wind Turbines Market Value Share Analysis, by Location Proximity, 2016 and 2025
Figure 06: Global Offshore Wind Turbines Market Attractiveness Analysis, by Location Proximity
Figure 07: Global Offshore Wind Turbines Market Value Share Analysis, by Capacity, 2016 and 2025
Figure 08: Global Offshore Wind Turbines Market Attractiveness Analysis, by Capacity
Figure 09: Global Offshore Wind Turbines Market Value Share Analysis, by Region, 2016 and 2025
Figure 10: Offshore Wind Turbines Market Attractiveness Analysis, by Region
Figure 11: North America Offshore Wind Turbines Market Value Share Analysis, by Foundation Type, 2016 and 2025
Figure 12: North America Offshore Wind Turbines Market Value Share Analysis, by Location Proximity, 2016 and 2025
Figure 13: North America Offshore Wind Turbines Market Value Share Analysis, by Capacity, 2016 and 2025
Figure 14: North America Offshore Wind Turbines Market Value Share Analysis, by Country, 2016 and 2025
Figure 15: North America Offshore Wind Turbines Market Attractiveness Analysis, by Foundation Type
Figure 16: North America Offshore Wind Turbines Market Attractiveness Analysis, by Location Proximity
Figure 17: North America Offshore Wind Turbines Market Attractiveness Analysis, by Capacity
Figure 18: North America Offshore Wind Turbines Market Attractiveness Analysis, by Country
Figure 19: Latin America Offshore Wind Turbines Market Value Share Analysis, by Foundation Type, 2016 and 2025
Figure 20: Latin America Offshore Wind Turbines Market Value Share Analysis, by Location Proximity, 2016 and 2025
Figure 21: Latin America Offshore Wind Turbines Market Value Share Analysis, by Capacity, 2016 and 2025
Figure 22: Latin America Offshore Wind Turbines Market Value Share Analysis, by Country, 2016 and 2025
Figure 23: Latin America Offshore Wind Turbines Market Attractiveness Analysis, by Foundation Type
Figure 24: Latin America Offshore Wind Turbines Market Attractiveness Analysis, by Location Proximity
Figure 25: Latin America Offshore Wind Turbines Market Attractiveness Analysis, by Capacity
Figure 26: Latin America Offshore Wind Turbines Market Attractiveness Analysis, by Country
Figure 27: Europe Offshore Wind Turbines Market Value Share Analysis, by Foundation Type, 2016 and 2025
Figure 28: Europe Offshore Wind Turbines Market Value Share Analysis, by Location Proximity, 2016 and 2025
Figure 29: Europe Offshore Wind Turbines Market Value Share Analysis, by Capacity, 2016 and 2025
Figure 30: Europe Offshore Wind Turbines Market Value Share Analysis, by Country, 2016 and 2025
Figure 31: Europe Offshore Wind Turbines Market Attractiveness Analysis, by Foundation Type
Figure 32: Europe Offshore Wind Turbines Market Attractiveness Analysis, by Location Proximity
Figure 33: Europe Offshore Wind Turbines Market Attractiveness Analysis, by Capacity
Figure 34: Europe Offshore Wind Turbines Market Attractiveness Analysis, by Country
Figure 35: Asia Pacific Offshore Wind Turbines Market Value Share Analysis, by Foundation Type, 2016 and 2025
Figure 36: Asia Pacific Offshore Wind Turbines Market Value Share Analysis, by Location Proximity, 2016 and 2025
Figure 37: Asia Pacific Offshore Wind Turbines Market Value Share Analysis, by Capacity, 2016 and 2025
Figure 38: Asia Pacific Offshore Wind Turbines Market Value Share Analysis, by Country, 2016 and 2025
Figure 39: Asia Pacific Offshore Wind Turbines Market Attractiveness Analysis, by Foundation Type
Figure 40: Asia Pacific Offshore Wind Turbines Market Attractiveness Analysis, by Location Proximity
Figure 41: Asia Pacific Offshore Wind Turbines Market Attractiveness Analysis, by Capacity
Figure 42: Asia Pacific Offshore Wind Turbines Market Attractiveness Analysis, by Country
Figure 43: Middle East & Africa Offshore Wind Turbines Market Value Share Analysis, by Foundation Type, 2016 and 2025
Figure 44: Middle East and Africa Offshore Wind Turbines Market Value Share Analysis, by Location Proximity, 2016 and 2025
Figure 45: Middle East & Africa Offshore Wind Turbines Market Value Share Analysis, by Capacity, 2016 and 2025
Figure 46: Middle East & Africa Offshore Wind Turbines Market Value Share Analysis, by Country, 2016 and 2025
Figure 47: Middle East & Africa Offshore Wind Turbines Market Attractiveness Analysis, by Foundation Type
Figure 48: Middle East & Africa Offshore Wind Turbines Market Attractiveness Analysis, by Location Proximity
Figure 49: Middle East & Africa Offshore Wind Turbines Market Attractiveness Analysis, by Capacity
Figure 50: Middle East & Africa Offshore Wind Turbines Market Attractiveness Analysis, by Country
Figure 51: Global Offshore Wind Turbines Market Share Analysis, by Company (2016) 

List of Tables

Table 01: Global Offshore Wind Turbines Market Value Share Analysis, by Foundation Type, 2016 and 2025
Table 02: Global Offshore Wind Turbines Market Volume (MW) Forecast, by Foundation Type, 2016–2025
Table 03: Global Offshore Wind Turbines Market Size (US$ Mn) and Volume Share (MW) Forecast, by Location Proximity, 2016–2025
Table 04: Global Offshore Wind Turbines Market Volume (MW) Forecast, by Capacity, 2016–2025
Table 05: Global Offshore Wind Turbines Value (US $ Mn) Forecast, by Capacity, 2016–2025
Table 06: Global Offshore Wind Turbines Market Size (US$ Mn) Forecast, by Region, 2016–2025
Table 07: Global Offshore Wind Turbines Market Volume (MW) Forecast, by Region, 2016–2025
Table 08: North America Offshore Wind Turbines Market Size (US$ Mn) Forecast, by Foundation Type, 2016–2025
Table 09: North America Offshore Wind Turbines Market Volume (MW) Forecast, by Foundation Type, 2016–2025
Table 10: North America Offshore Wind Turbines Market Size (US$ Mn) Forecast, by Location Proximity, 2016–2025
Table 11: North America Offshore Wind Turbines Market Volume (MW) Forecast, by Location Proximity, 2016–2025
Table 12 North America Offshore Wind Turbines Market Volume (MW) Forecast, by Capacity, 2016–2025
Table 13 North America Offshore Wind Turbines Market Size (US$ Mn) Forecast, by Country, 2016–2025
Table 14 Latin America Offshore Wind Turbines Market Size (US$ Mn) Forecast, by Foundation Type, 2016–2025
Table 15 Latin America Offshore Wind Turbines Market Volume (MW) Forecast, by Foundation Type, 2016–2025
Table 16 Latin America Offshore Wind Turbines Market Size (US$ Mn) Forecast, by Location Proximity, 2016–2025
Table 17 Latin America Offshore Wind Turbines Market Volume (MW) Forecast, by Location Proximity, 2016–2025
Table 18: Latin America Offshore Wind Turbines Market Size (US$ Mn) Forecast, by Capacity, 2016–2025
Table 19 Latin America Offshore Wind Turbines Market Volume (MW) Forecast, by Capacity, 2016–2025
Table 20 Latin America Offshore Wind Turbines Market Size (US$ Mn) Forecast, by Country, 2016–2025
Table 21 Latin America Offshore Wind Turbines Market Volume (MW) Forecast, by Country, 2016–2025
Table 22 Europe Offshore Wind Turbines Market Size (US$ Mn) Forecast, by Foundation Type, 2016–2025
Table 23 Europe Offshore Wind Turbines Market Volume (MW) Forecast, by Foundation Type, 2016–2025
Table 24 Europe Offshore Wind Turbines Market Size (US$ Mn) Forecast, by Location Proximity, 2016–2025
Table 25 Europe Offshore Wind Turbines Market Volume (MW) Forecast, by Location Proximity, 2016–2025
Table 26 Europe Offshore Wind Turbines Market Size (US$ Mn) Forecast, by Capacity, 2016–2025
Table 27 Europe Offshore Wind Turbines Market Volume (MW) Forecast, by Capacity, 2016–2025
Table 28 Europe Offshore Wind Turbines Market Size (US$ Mn) Forecast, by Country, 2016–2025
Table 29: Europe Offshore Wind Turbines Market Volume (MW) Forecast, by Country, 2016–2025
Table 30: Asia Pacific Offshore Wind Turbines Market Size (US$ Mn) Forecast, by Foundation Type, 2016–2025
Table 31: Asia Pacific Offshore Wind Turbines Market Volume (MW) Forecast, by Foundation Type, 2016–2025
Table 32: Asia Pacific Offshore Wind Turbines Market Size (US$ Mn) Forecast, by Location Proximity, 2016–2025
Table 33: Asia Pacific Offshore Wind Turbines Market Volume (MW) Forecast, by Location Proximity, 2016–2025
Table 34: Asia Pacific Offshore Wind Turbines Market Size (US$ Mn) Forecast, by Capacity, 2016–2025
Table 35: Asia Pacific Offshore Wind Turbines Market Volume (MW) Forecast, by Capacity, 2016–2025
Table 36: Asia Pacific Offshore Wind Turbines Market Size (US$ Mn) Forecast, by Country, 2016–2025
Table 37: Asia Pacific Offshore Wind Turbines Market Volume (MW) Forecast, by Country, 2016–2025
Table 38: Middle East & Africa Offshore Wind Turbines Market Size (US$ Mn) Forecast, by Foundation Type, 2016–2025
Table 39: Middle East & Africa Offshore Wind Turbines Market Volume (MW) Forecast, by Foundation Type, 2016–2025
Table 40: Middle East & Africa Offshore Wind Turbines Market Size (US$ Mn) Forecast, by Location Proximity, 2016–2025
Table 41: Middle East & Africa Offshore Wind Turbines Market Volume (MW) Forecast, by Location Proximity, 2016–2025
Table 42: Middle East & Africa Offshore Wind Turbines Market Size (US$ Mn) Forecast, by Capacity, 2016–2025
Table 43: Middle East & Africa Offshore Wind Turbines Market Volume (MW) Forecast, by Capacity, 2016–2025
Table 44: Middle East & Africa Offshore Wind Turbines Market Size (US$ Mn) Forecast, by Country, 2016–2025
Table 45: Middle East & Africa Offshore Wind Turbines Market Volume (MW) Forecast, by Country, 2016–2025

Global Offshore Wind Turbines Market: Scope

The offshore wind turbines technologically advanced, and include a number of engineering and mechanical innovations to help maximize efficiency and increase the production of electricity. The energy produced from turbines in deep waters in the North Sea alone could meet the EU’s electricity consumption four times over. Deep offshore designs are competitive in terms of the levelised cost of energy (LCOE) with bottom fixed foundations in more than 5Om water depth. Wind energy has been utilized by humans for more than two thousand years. For example, windmills were often used by farmers and ranchers for pumping water or grinding grain. In modern times, wind energy is mainly used to generate electricity, primarily through the use of wind turbines. Developing economies such as India are now focusing on renewable sources of energy for power generation. India has set targets of electricity generations by wind energy and solar energy. Exploration of offshore sites is being carried out in order to enhance profitability of power generation from wind. Unlike onshore sites, offshore sites generally have uninterrupted winds throughout the year.

 

Global Offshore Wind Turbines Market: Research Methodologies

Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, internet sources, statistical data from government websites and trade associations/agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources which were typically referred to include but are not limited to: company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, internal and external proprietary databases as well as relevant patent and regulatory database, national government documents, statistical databases, market reports, news articles, press releases, industry magazines, webcasts specific to companies operating in the market, Platt’s Global, IEA (International Energy Agency), Lloyds Register, International modules for STCW (Standards of Training, Certification and Watch-keeping), ICS (International Chamber of Shipping), MARPOL (Marine Pollution), UNCTAD (United Nations Conference on Trade and Development), U.S. Energy Information Administration (EIA), BP Statistical Review of the World (2014), IACS (International Association of Classification Societies) and regulatory databases such as ICIS, Hoover’s, oneSOURCE, Factiva and Bloomberg, national government documents, statistical databases, market reports, news articles, press releases, Global Wind Energy Council (GWEC), European Wind Energy Association (EWEA) and webcasts specific to companies operating in the marine fuel management market.

We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.

Key Players Mentioned in this Report are:

The report comprises profiles of major players operating in the offshore wind turbine market include Enercon GmbH, Siemens Wind Power, Guodian United Power Technology Company Ltd, Gamesa Corporacion Technologica S.A., Nordex S.E., Vestas Wind Systems A/S, Suzlon Group, Upwind Solutions Inc., GE Wind Energy, and Xinjiang Goldwind Science & Technologies Co. Ltd

The Small Hydropower Market for Africa has been segmented as follows:

Global Offshore Wind Turbines Market: by Foundation Type

  • Mono Pile
  • Jacket
  • Tripod
  • Floating & Others

Global Offshore Wind Turbines Market: by Application

  • Shallow Water
  • Transient Water
  • Deep Water

Global Offshore Wind Turbines Market: by Capacity

  • Upto 1 MW
  • 1-3 MW
  • 3-5 MW
  • 5 MW and Above

Global Offshore Wind Turbines Market: by Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • France
    • Germany
    • Italy
    • Russia
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • South Korea
    • China
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa


 
 
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