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Offshore Wind Power Market Analysis and Forecast to 2020 - China's Capacity Investments Position It to Overtake Germany by 2018, Second Only to the UK - Product Image

Offshore Wind Power Market Analysis and Forecast to 2020 - China's Capacity Investments Position It to Overtake Germany by 2018, Second Only to the UK

  • Published: October 2011
  • Region: China, Germany, United Kingdom, Great Britain
  • 156 pages
  • GBI Research

FEATURED COMPANIES

  • Acciona Energia, S.A.
  • GE Energy
  • Nordex SE
  • REpower Systems SE
  • Siemens AG
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Offshore Wind Power Market Analysis and Forecast to 2020 - China’s Capacity Investments Position It to Overtake Germany by 2018, Second Only to the UK

Summary

GBI Research, a leading business intelligence provider, has released its latest research, “Offshore Wind Power Market Analysis and Forecast to 2020 - China’s Capacity Investments Position It to Overtake Germany by 2018, Second Only to the UK”. The report gives an in-depth analysis of the global offshore wind power market, covering three major regions: North America (the US and Canada), Europe (the UK, Germany, Denmark, the Netherlands, Sweden, Norway, Spain and Finland) and Asia-Pacific (China and Japan). The report covers the offshore wind cumulative installed capacity, power generation from 2001-2020 and major turbine manufacturers who installed turbines in 2010. The report also provides the policies and regulations surrounding wind energy for each country discussed. It gives global offshore technology analysis, cost analysis and market force analysis with drivers and restraints.

The report covers make and break issues and provides market active and upcoming projects as well as recent READ MORE >

1
1 3
1.1 List of Tables 6
1.2 List of Figures 8
2 Introduction 10
2.1 Methodology Adopted for Selection of Countries 10
2.2 Country Level Parameters 10
2.3 Business Viability 10
2.4 GBI Research Report Guidance 10
3 Global Wind Power Market to 2020 11
3.1 Global Wind Power Market, Overview 11
3.2 Global Wind Power Market, Installed Capacity Forecasts, MW, 2001-2020 11
3.3 Global Wind Power Market, Power Generation Forecasts, GWh, 2001-2020 14
3.4 Global Wind Power Market, Onshore and Offshore Cumulative Installed Capacity 16
4 Global Offshore Wind Market, Technology Analysis 17
4.1 Global Offshore Wind Market, Introduction 17
4.2 Global Offshore Wind Market, Offshore Wind Turbine Technology 17
4.2.1 Offshore Technology 17
4.2.2 Infrastructure required for Offshore Technology 18
5 Global Offshore Wind Market, Cost Analysis 19
5.1 Global Offshore Wind Market, Cost Comparison with Onshore Wind 19
5.2 Global Offshore Wind Market, Operating and Maintenance Cost 19
6 Global Offshore Wind Market, Market Force Analysis 21
6.1 Global Offshore Wind Market, Drivers 21
6.1.1 Geographical Advantage 21
6.1.2 Favorable Support Schemes 21
6.1.3 Government Financial Incentives 22
6.1.4 Adequate Grid Infrastructure 22
6.2 Global Offshore Wind Market, Restraints 23
6.2.1 Foundation Quality and Design Issues 23
6.2.2 Lack of Sufficient Grid Infrastructure 23
6.2.3 Technology Constraint 23
6.2.4 Supply Chain Bottlenecks 23
6.2.5 Increased Financing Costs 23
7 Global Offshore Wind Market, Make or Break Issues 24
7.1 Global Offshore Wind Market, Cost Reduction 24
7.2 Global Offshore Wind Market, Construction Risk and Financing 25
7.3 Global Offshore Wind Market, Supply Chain Management 26
7.4 Global Offshore Wind Market, Grid Access 27
7.5 Global Offshore Wind Market, Investments 27
7.6 Strategies to Achieve Sustainable Offshore Wind Energy Development 29
8 Global Offshore Wind Market, Opportunities Analysis 30
8.1 Global Offshore Wind Farm Development Process 30
8.2 Global Offshore Wind Market, Porter’s Five Force Model 31
8.2.1 Barriers to new entrants – High 31
8.2.2 Threat from substitutes – High 31
8.2.3 Bargaining power of suppliers – High 32
8.2.4 Bargaining power of buyers – High 32
8.2.5 Competition within the industry - High 32
9 Global Offshore Wind Market, Analysis and Forecast to 2020 33
9.1 Global Offshore Wind Market, Historical and Forecast Installed Capacity, 2001-2020 34
9.2 Global Offshore Wind Market, Historical and Forecast Power Generation, GWh, 2001-2020 36
9.3 Global Wind Market (Onshore and Offshore), Market Share of Turbine Manufacturers, 2010 38
10 Europe Offshore Wind Market Analysis 39
10.1 Europe Offshore Wind Market, Analysis and Forecast to 2020 39
10.1.1 Europe Offshore Wind Market, Overview 39
10.1.2 Europe Offshore Wind Market, Historical and Forecast Installed Capacity, 2001-2020 40
10.1.3 Europe Offshore Wind Market, Historical and Forecast Power Generation, 2001-2020 42
10.2 The UK Offshore Wind Market Analysis 44
10.2.1 The UK Offshore Wind Market, Historical and Forecast Installed Capacity, 2001-2020 44
10.2.2 The UK Offshore Wind Market, Historical and Forecast Power Generation, 2001-2020 46
10.2.3 The UK Total Wind Market, Market Share of Turbine Manufacturers, 2010 48
10.2.4 The UK Offshore Wind Market, Major Policies and Regulations 49
10.3 Germany Offshore Wind Market Analysis 50
10.3.1 Germany Offshore Wind Market, Historical and Forecast Installed Capacity, 2001-2020 50
10.3.2 Germany Offshore Wind Market, Historical and Forecast Power Generation, 2001-2020 53
10.3.3 Germany Total Wind Market, Market Share of Turbine Manufacturers, 2010 55
10.3.4 Germany Offshore Wind Market, Major Policies and Regulations 56
10.4 Denmark Offshore Wind Market Analysis 59
10.4.1 Denmark Offshore Wind Market, Historical and Forecast Installed Capacity, 2001-2020 59
10.4.2 Denmark Offshore Wind Market, Historical and Forecast Power Generation, 2001-2020 61
10.4.3 Denmark Total Wind Market, Market Share of Turbine Manufacturers, 2010 63
10.4.4 Denmark Offshore Wind Market, Major Policies and Regulations 64
10.5 The Netherlands Offshore Wind Market Analysis 66
10.5.1 The Netherlands Offshore Wind Market, Historical and Forecast Installed Capacity, 2001-2020 66
10.5.2 The Netherlands Offshore Wind Market, Historical and Forecast Power Generation, 2001-2020 68
10.5.3 The Netherlands Total Wind Market, Market Share of Turbine Manufacturers, 2010 70
10.5.4 The Netherlands Offshore Wind Market, Major Policies and Regulations 70
10.6 Sweden Offshore Wind Market Analysis 71
10.6.1 Sweden Offshore Wind Power Market, Historical and Forecast Installed Capacity, 2001-2020 72
10.6.2 Sweden Offshore Wind Market, Historical and Forecast Power Generation, 2001-2020 74
10.6.3 Sweden Total Wind Market, Market Share of Turbine Manufacturers, 2010 76
10.6.4 Sweden Offshore Wind Market, Major Policies and Regulations 77
10.7 Norway Offshore Wind Market Analysis 79
10.7.1 Norway Offshore Wind Market, Forecast Installed Capacity, 2009-2020 79
10.7.2 Norway Offshore Wind Market, Forecast Power Generation, 2001-2020 81
10.7.3 Norway Total Wind Market, Market Share of Turbine Manufacturers, 2010 83
10.7.4 Norway Offshore Wind Market, Major Policies and Regulations 83
10.8 Spain Offshore Wind Market Analysis 84
10.8.1 Spain Offshore Wind Market, Forecast Installed Capacity, 2001-2020 84
10.8.2 Spain Offshore Wind Market, Forecast Power Generation, 2001-2020 86
10.8.3 Spain Offshore Wind Market, Major Policies and Regulations 88
10.8.4 Spain Total Wind Market, Market Share of Turbine Manufacturers, 2010 90
10.9 Finland Offshore Wind Market Analysis 91
10.9.1 Finland Offshore Wind Market, Forecast Installed Capacity, 2001-2020 91
10.9.2 Finland Offshore Wind Market, Forecast Power Generation, 2001-2020 93
10.9.3 Finland Offshore Wind Market, Major Policies and Regulations 95
10.9.4 Finland Total Wind Market, Market Share of Turbine Manufacturers, 2010 96
11 North America Offshore Wind Market Analysis 97
11.1 North America Offshore Wind Market, Analysis and Forecast to 2020 97
11.1.1 North America Offshore Wind Market, Overview 97
11.1.2 North America Offshore Wind Market, Historical and Forecast Installed Capacity, 2001-2020 97
11.1.3 North America Offshore Wind Market, Historical and Forecast Power Generation, 2001-2020 100
11.2 The US Offshore Wind Market Analysis 102
11.2.1 The US Offshore Wind Power Market, Historical and Forecast Installed Capacity, 2001-2020 102
11.2.2 The US Offshore Wind Market, Historical and Forecast Cumulative Power Generation, 2001-2020 104
11.2.3 The US Total Wind Market, Market Share of Turbine Manufacturers, 2010 106
11.2.4 The US Offshore Wind Market, Major Policies and Regulations 107
11.3 Canada Offshore Wind Market Analysis 111
11.3.1 Canada Offshore Wind Power Market, Historical and Forecast Installed Capacity, 2001-2020 111
11.3.2 Canada Offshore Wind Market, Historical and Forecast Power Generation, 2001-2020 113
11.3.3 Canada Total Wind Market, Market Share of Turbine Manufacturers, 2010 115
11.3.4 Canada Offshore Wind Market, Major Policies and Regulations 116
12 Asia-Pacific Offshore Wind Market Analysis 117
12.1 Asia-Pacific Offshore Wind Market, Analysis and Forecast to 2020 117
12.1.1 Asia-Pacific Offshore Wind Market, Overview 117
12.1.2 Asia-Pacific Offshore Wind Market, Historical and Forecast Installed Capacity, 2001-2020 117
12.1.3 Asia-Pacific Offshore Wind Market, Historical and Forecast Power Generation, 2001-2020 119
12.2 China Offshore Wind Market Analysis 121
12.2.1 China Offshore Wind Market, Historical and Forecast Installed Capacity, 2001-2020 121
12.2.2 China Offshore Wind Market, Historical and Forecast Power Generation, 2001-2020 123
12.2.3 China Offshore Wind Market, Major Policies and Regulations 125
12.2.4 China Total Wind Market, Market Share of Turbine Manufacturers, 2010 127
12.3 Japan Offshore Wind Market Analysis 128
12.3.1 Japan Offshore Wind Market, Forecast Installed Capacity, 2001-2020 128
12.3.2 Japan Offshore wind Market, Forecast Power Generation, 2001-2020 130
12.3.3 Japan Offshore Wind Market, Major Policies and Regulations 132
12.3.4 Japan Total Wind Market, Market Share of Turbine Manufacturers, 2010 133
13 Offshore Wind Energy Market, Active and Upcoming Projects 134
14 Competitive Landscape 148
14.1 Global Total Wind Market, Market Share of Turbine Manufacturers in Emerging Countries, 2010 148
15 Appendix 153
15.1 Market Definition 153
15.2 About GBI Research 153
15.3 Abbreviations 153
15.4 Methodology 155
15.4.1 Coverage 155
15.4.2 Secondary Research 155
15.4.3 Primary Research 155
15.4.4 Expert Panel Validation 156
15.5 Contact Us 156
15.6 Disclaimer 156

GBI Research, a leading business intelligence provider, has released its latest research, “Offshore Wind Power Market Analysis and Forecast to 2020 - China’s Capacity Investments Position It to Overtake Germany by 2018, Second Only to the UK”. The report gives an in-depth analysis of the global offshore wind power market, covering three major regions: North America (the US and Canada), Europe (the UK, Germany, Denmark, the Netherlands, Sweden, Norway, Spain and Finland) and Asia-Pacific (China and Japan). The report covers the offshore wind cumulative installed capacity, power generation from 2001-2020 and major turbine manufacturers who installed turbines in 2010. The report also provides the policies and regulations for wind energy for each country discussed. It gives global offshore technology analysis, cost analysis and market force analysis with drivers and restraints.

The report covers make and break issues and provides market active and upcoming projects as well as recent activities. This report is built using data and information sourced through primary and secondary research and in-house analysis by GBI Research’s team of industry experts.

Global Offshore Wind Market to Grow at a CAGR of 37% from from 4.8 GW in 2011 to Reach 80 GW in 2020

During 2001-2010 the installed capacity of offshore wind globally grew from 54 MW to 2,862.9 MW at a CAGR of 55.5%. The growth in capacity during this period was driven by the commissioning of new offshore wind farms with installed capacities of 2,119 MW in the UK in 2010 and 749 MW in Denmark in 2007. During the forecast period 2011-2020 the total global offshore wind installed capacity is expected to grow at a CAGR of 36.8% from 4,782.9 MW to 80,044.5 MW. The sudden rise in capacity in 2020 is mainly due to a capacity addition of 13 GW expected in UK and 2000 MW in China.

UK Leading the Race in the Offshore Wind Market

The UK and Denmark are the leaders in terms of installed capacity with 1341.2 MW and 853.7 MW respectively in 2010. A large number of active wind farms are operational in these countries and they have identified a number of sites along their coasts which are favorable for offshore wind power. These countries have allocated budgets and set targets to encourage the use of renewable sources for energy production. China is gradually increasing its offshore wind power potential and is planning to introduce new offshore wind farms in the future.

The cumulative capacity figures globally and in the UK and China for 2010, 2015 and 2020 are given below.

Global Offshore Wind Power Market, Cumulative Installed Capacity, MW, 2010-2020

Source: GBI Research, Company Reports, Primary Surveys

The above chart clearly shows the dominance of the UK in the global wind offshore power market. It constituted around 47% of the cumulative installed capacity in 2010 which will dip to 17% in 2015 but rise to 31% in 2020. In all three scenarios the UK remains the leader in the offshore wind market.

Acciona Energia, S.A.
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Gamesa Corporacion Tecnologica, S.A.
GE Energy
Industrias Metalurgicas Pescarmona S.A.
Kenersys India Pvt Ltd
Leitner Shriram Manufacturing Limited
Nordex SE
PowerWind GmbH
REpower Systems SE
RRB Energy Limited
Siemens AG
Suzlon Energy Limited
Vestas Wind Systems A/S
WinWinD Oy

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