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Offshore Wind Energy Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023 to 2031

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    Report

  • 115 Pages
  • April 2023
  • Region: Global
  • Acute Market Reports
  • ID: 5790029
The offshore wind energy market is projected to expand at a CAGR of about 8.2 % during the forecast period of 2023 to 2031. Offshore wind energy is the energy extracted from wind forces in a body of water, such as an ocean, that is transformed into electricity and distributed to onshore electrical networks. In 1991, the first offshore wind energy project was established in Denmark. Due to the higher wind velocities in offshore wind farms as compared to onshore wind farms, offshore wind energy may generate more power at a more consistent pace than onshore wind energy, and this could help boost the entire offshore wind turbine industry. The floating wind turbine is a type of offshore wind turbine consisting of a platform that supports the entire building. Offshore projects employing floating wind turbines are anticipated to aid in a variety of deep-water project development tasks.

Increasing Global Investments in Renewable Energy Are Anticipated to Propel the Offshore Wind Industry

Due to considerations such as the desire to minimize carbon emissions, depletion of fossil fuels, climate change, etc., there has been a significant movement in the energy sector toward renewable and green energy. There are a variety of government measures in place to promote the effort toward greener energy. Numerous global corporations are reducing their carbon footprint to contribute to a cleaner planet and greater sustainability. Equinor (Norway) wants to reduce its carbon emissions by 50 percent by 2050. The company intends to expand its renewable energy operations, particularly offshore wind, which could reach 6,000 megawatts in six years and 16,000 megawatts in fifteen years. The energy giant Total has also entered into a deal with SSE Renewables to acquire a 51 percent stake in the Seagreen 1 offshore wind farm project. It is expected that a total of 70 million euros would be invested in this project. According to researchers, offshore wind may generate USD 166 billion in new investments and USD 1.7 billion in new tax income for the US Treasury by 2022, as well as sustain USD 80,000 in annual employment by 2035.

Complexities Associated with Component Installation May Inhibit Industry Expansion

Offshore wind is among the most promising and environmentally benign energy-generating technologies. It has a high-capacity factor compared to similar technologies like as solar and onshore wind, but its prohibitive capital expenditures prevent its application. Since they run for decades in severe marine settings, offshore wind energy is vulnerable to erosion. Even the most favorable characteristics, such as strong wind speeds, can occasionally be detrimental to offshore wind energy. For example, wind turbines typically shut down when the wind speed surpasses 25 meters per second. As the size of offshore wind farms has grown, so have the issues associated with their construction, transportation, installation, and operation. Offshore wind farms have larger logistical challenges than onshore wind farms. Wind farms are typically positioned extremely far from the coast and are difficult to reach, especially during inclement weather. Therefore, even the slightest technological issues may be difficult and expensive to resolve. Other problematic aspects of the deployment of offshore wind power include resource characterization, grid connections and operation, and the building of transmission infrastructure, which are far less complicated in other technologies, such as solar and onshore wind. Consequently, the high capital expenditures and operational, maintenance, transportation, and logistical concerns constrain the global market.

Opportunities: Government and Business Initiatives to Minimise Carbon Emissions

The need for renewable energy will continue to increase due to the declining costs of technologies, the growing desire to minimize CO2 emissions, and the rising energy consumption in developing and underdeveloped nations. To meet the goals of the Paris Agreement, according to the International Renewable Energy Agency (IRENA), the share of renewables in annual global energy production must increase from 25% to 86% by 2050. To achieve this, the globe must invest an additional USD 110 trillion in the sector by 2050, compared to the USD 95 trillion expected to be invested by 2030. This modification will cause a discernible shift from fossil fuels to renewable energy sources. Bloomberg BNEF forecasts that USD 13.3 trillion will be invested in new power production assets between 2019 and 2050, with 15,145 GW of carbon-free plants likely to be constructed. According to the BNEF, wind, and solar energy will account for fifty percent of the world's electricity production by 2050.

In 2022, The Turbine Category Dominated the Market by Component

Component-wise, the turbine category commanded the biggest market share in 2022. The offshore wind turbine market category is subdivided into the nacelle, rotors and blades, and towers. The tower's turbines are primarily responsible for converting wind energy into electricity.

In 2022, Shallow Water Remains the Largest Contributor to The Wind Market in Terms of Location

In 2022, the shallow water market segment held the biggest market share by location. This sector comprises the majority of initiatives. This area is suggested for the creation of an offshore wind farm due to the existence of weather conditions that are relatively less challenging and the simplicity of maintenance. In shallow water, it is also easier to install the electrical infrastructure required to power a wind turbine. Due to the relatively lower possible wind speed in shallow water, turbines with a lower MW capacity are erected here.

Favorable Regulatory Mandates to Drive the Expansion of the > 0 To 30 M Depth Sector

In terms of depth, the offshore wind energy industry from > 0 to 30 m is anticipated to grow by about 9% by 2031, due to favorable legislative mandates in emerging economies. Moreover, substantial government efforts to promote the deployment of wind energy are also contributing to the segment's expansion. Europe, which has an abundance of sea basins, dominates the offshore wind investment market. The EU invested more than €41 billion ($43.5 billion) in new wind farms in 2021. The majority of the cash was used to finance 25 GW of new capacity, a new record.

Floating Foundations to Witness Significant Growth During the Forecast Period

As energy demand rises, major countries and corporations are adopting renewable energy sources, particularly wind energy, which may supply clean energy. The use of offshore wind energy with improved technologies drew significant investments from numerous nations and businesses. Furthermore, via technological innovation, turbine equipment makers have been able to restrict the increase in turbine cost (USD/kilowatt) and manage the decrease in turbine mass (kilograms/kilowatt), allowing turbine growth to continue beyond 12 MW. The weight reduction has increased the likelihood of a rise in the installation of floating-type offshore wind energy. Floating platforms contributed significantly to the total installed capacity of offshore wind energy, which reached 35 GW in 2020 due to technological advancements and cost reductions. In January 2022, Repower Renewable announced its intention to construct a 495 MW floating offshore wind farm in Italy with an anticipated EUR 1.5 billion investment. On floating foundations, 33 wind turbines with individual capacities of 15 MW are planned for the project. Additionally, in November 2021, the United Kingdom government announced 218 million dollars in funding for the development of floating offshore wind terminals in Scotland and Wales. The money is intended to generate 1 GW of renewable energy from offshore floating wind turbines by 2030. Due to the aforementioned factors, it is anticipated that the floating foundation type sector of the offshore wind energy market would have considerable expansion throughout the forecast period.

Europe Remains the Global Leader

Approximately 85% of the world's offshore wind farms are located in European waterways. The European region's governments, particularly in the North Sea region, have set an ambitious goal for the development of offshore wind farms in their separate national waters. Europe added 2,918 MW of offshore wind capacity in 2020. This increased capacity was provided to the grid by the Netherlands (1,493 MW), Belgium (706 MW), the United Kingdom (483 MW), Germany (219 MW), and Portugal (17 MW). The Kincardine floating offshore wind farm with a 50 MW capacity was commissioned in October 2021 off the coast of Aberdeenshire, Scotland. The project is anticipated to provide up to 218 GWh of electricity annually, enough to power approximately 55,000 Scottish homes. Eight new offshore wind projects obtained Final Investment Decision (FID) in 2020, with construction anticipated to commence in the following years. The total investment cost for the projects is USD 29.67 billion. Consequently, these recent developments are anticipated to make Europe an attractive business destination for offshore wind farm industry participants during the projection period.

Market Competitiveness to Intensify During the Forecast Period

The offshore wind energy industry is fragmented to a considerable degree. Siemens Gamesa Renewable Energy SA, Vestas Wind Systems AS, Xinjiang Goldwind Science Technology Co., Ltd., Orsted AS, and E. ON SE are among the leading firms. Globally, the offshore wind energy industry is very competitive. Numerous prominent entities are involved in the development and distribution of these turbines. Players in the offshore wind turbine industry are boosting their research and development efforts to build lightweight and cost-effective floating wind models. Energy research associations are also making attempts to innovate. With advances in offshore wind technology, offshore wind energy with bigger capacities are getting closer to being a reality, especially in China, the United States, and a few regions of Europe. China installed more than 2,3 gigawatts of offshore wind energy in 2019, while the United Kingdom installed 1.8 gigawatts. Future technological developments are anticipated to reduce the price of electricity generated by offshore winds. Future expansion of the offshore wind energy market will be driven by the increasing advantages of offshore wind energy over onshore wind energy. Vestas, Enercon GmbH, General Electric, Nordex S.E, Suzlon Energy Limited, Siemens Gamesa Renewable Energy S.A., and Other Notable Players are a few of the major companies in the offshore wind energy market.

Historical & Forecast Period

This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Offshore Wind Energy market are as follows:
  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Offshore Wind Energy market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Foundation

  • Monopile
  • Jacket
  • Tripod
  • Floating & Others

Location Proximity

  • Shallow Water
  • Transitional Water
  • Deep Water

Capacity

  • Up to 1 MW
  • 1-3 MW
  • 3-5 MW
  • Above 5 MW

Component

  • Turbines
  • Electrical Infrastructure
  • Substructure
  • Others

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Offshore Wind Energy market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2031.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Offshore Wind Energy market?
  • Which is the largest regional market for Offshore Wind Energy market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Offshore Wind Energy market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Offshore Wind Energy market worldwide?


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Table of Contents

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Offshore Wind Energy Market
2.2. Global Offshore Wind Energy Market, By Foundation, 2022 (US$ Million)
2.3. Global Offshore Wind Energy Market, By Location Proximity, 2022 (US$ Million)
2.4. Global Offshore Wind Energy Market, By Capacity, 2022 (US$ Million)
2.5. Global Offshore Wind Energy Market, By Component, 2022 (US$ Million)
2.6. Global Offshore Wind Energy Market, By Geography, 2022 (US$ Million)
2.7. Attractive Investment Proposition by Geography, 2022
3. Offshore Wind Energy Market: Competitive Analysis
3.1. Market Positioning of Key Offshore Wind Energy Market Vendors
3.2. Strategies Adopted by Offshore Wind Energy Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2022 Versus 2031
4. Offshore Wind Energy Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Offshore Wind Energy Market Value, 2021 - 2031, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis
5. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2022 Versus 2031
5.3. Market Segmentation
5.3.1. Monopile
5.3.2. Jacket
5.3.3. Tripod
5.3.4. Floating & Others
6. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2022 Versus 2031
6.3. Market Segmentation
6.3.1. Shallow Water
6.3.2. Transitional Water
6.3.3. Deep Water
7. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
7.1. Market Overview
7.2. Growth & Revenue Analysis: 2022 Versus 2031
7.3. Market Segmentation
7.3.1. Up to 1 MW
7.3.2. 1-3 MW
7.3.3. 3-5 MW
7.3.4. Above 5 MW
8. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
8.1. Market Overview
8.2. Growth & Revenue Analysis: 2022 Versus 2031
8.3. Market Segmentation
8.3.1. Turbines
8.3.2. Electrical Infrastructure
8.3.3. Substructure
8.3.4. Others
9. North America Offshore Wind Energy Market, 2021-2031, USD (Million)
9.1. Market Overview
9.2. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
9.3. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
9.4. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
9.5. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
9.6.Offshore Wind Energy Market: By Region, 2021-2031, USD (Million)
9.6.1.North America
9.6.1.1. U.S.
9.6.1.1.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
9.6.1.1.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
9.6.1.1.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
9.6.1.1.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
9.6.1.2. Canada
9.6.1.2.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
9.6.1.2.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
9.6.1.2.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
9.6.1.2.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
9.6.1.3. Rest of North America
9.6.1.3.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
9.6.1.3.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
9.6.1.3.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
9.6.1.3.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
10. UK and European Union Offshore Wind Energy Market, 2021-2031, USD (Million)
10.1. Market Overview
10.2. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
10.3. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
10.4. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
10.5. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
10.6.Offshore Wind Energy Market: By Region, 2021-2031, USD (Million)
10.6.1.UK and European Union
10.6.1.1. UK
10.6.1.1.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
10.6.1.1.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
10.6.1.1.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
10.6.1.1.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
10.6.1.2. Germany
10.6.1.2.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
10.6.1.2.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
10.6.1.2.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
10.6.1.2.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
10.6.1.3. Spain
10.6.1.3.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
10.6.1.3.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
10.6.1.3.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
10.6.1.3.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
10.6.1.4. Italy
10.6.1.4.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
10.6.1.4.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
10.6.1.4.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
10.6.1.4.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
10.6.1.5. France
10.6.1.5.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
10.6.1.5.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
10.6.1.5.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
10.6.1.5.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
10.6.1.6. Rest of Europe
10.6.1.6.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
10.6.1.6.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
10.6.1.6.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
10.6.1.6.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
11. Asia Pacific Offshore Wind Energy Market, 2021-2031, USD (Million)
11.1. Market Overview
11.2. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
11.3. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
11.4. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
11.5. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
11.6.Offshore Wind Energy Market: By Region, 2021-2031, USD (Million)
11.6.1.Asia Pacific
11.6.1.1. China
11.6.1.1.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
11.6.1.1.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
11.6.1.1.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
11.6.1.1.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
11.6.1.2. Japan
11.6.1.2.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
11.6.1.2.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
11.6.1.2.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
11.6.1.2.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
11.6.1.3. India
11.6.1.3.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
11.6.1.3.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
11.6.1.3.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
11.6.1.3.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
11.6.1.4. Australia
11.6.1.4.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
11.6.1.4.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
11.6.1.4.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
11.6.1.4.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
11.6.1.5. South Korea
11.6.1.5.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
11.6.1.5.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
11.6.1.5.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
11.6.1.5.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
11.6.1.6. Rest of Asia Pacific
11.6.1.6.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
11.6.1.6.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
11.6.1.6.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
11.6.1.6.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
12. Latin America Offshore Wind Energy Market, 2021-2031, USD (Million)
12.1. Market Overview
12.2. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
12.3. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
12.4. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
12.5. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
12.6.Offshore Wind Energy Market: By Region, 2021-2031, USD (Million)
12.6.1.Latin America
12.6.1.1. Brazil
12.6.1.1.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
12.6.1.1.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
12.6.1.1.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
12.6.1.1.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
12.6.1.2. Mexico
12.6.1.2.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
12.6.1.2.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
12.6.1.2.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
12.6.1.2.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
12.6.1.3. Rest of Latin America
12.6.1.3.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
12.6.1.3.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
12.6.1.3.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
12.6.1.3.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
13. Middle East and Africa Offshore Wind Energy Market, 2021-2031, USD (Million)
13.1. Market Overview
13.2. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
13.3. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
13.4. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
13.5. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
13.6.Offshore Wind Energy Market: By Region, 2021-2031, USD (Million)
13.6.1.Middle East and Africa
13.6.1.1. GCC
13.6.1.1.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
13.6.1.1.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
13.6.1.1.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
13.6.1.1.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
13.6.1.2. Africa
13.6.1.2.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
13.6.1.2.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
13.6.1.2.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
13.6.1.2.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
13.6.1.3. Rest of Middle East and Africa
13.6.1.3.1. Offshore Wind Energy Market: By Foundation, 2021-2031, USD (Million)
13.6.1.3.1. Offshore Wind Energy Market: By Location Proximity, 2021-2031, USD (Million)
13.6.1.3.1. Offshore Wind Energy Market: By Capacity, 2021-2031, USD (Million)
13.6.1.3.1. Offshore Wind Energy Market: By Component, 2021-2031, USD (Million)
14. Company Profile
14.1. Vestas
14.1.1. Company Overview
14.1.2. Financial Performance
14.1.3. Product Portfolio
14.1.4. Strategic Initiatives
14.2. Enercon GmbH
14.2.1. Company Overview
14.2.2. Financial Performance
14.2.3. Product Portfolio
14.2.4. Strategic Initiatives
14.3. General Electric
14.3.1. Company Overview
14.3.2. Financial Performance
14.3.3. Product Portfolio
14.3.4. Strategic Initiatives
14.4. Nordex S.E
14.4.1. Company Overview
14.4.2. Financial Performance
14.4.3. Product Portfolio
14.4.4. Strategic Initiatives
14.5. Suzlon Energy Limited
14.5.1. Company Overview
14.5.2. Financial Performance
14.5.3. Product Portfolio
14.5.4. Strategic Initiatives
14.6. Siemens Gamesa Renewable Energy S.A.
14.6.1. Company Overview
14.6.2. Financial Performance
14.6.3. Product Portfolio
14.6.4. Strategic Initiatives
14.7. Other Notable Players
14.7.1. Company Overview
14.7.2. Financial Performance
14.7.3. Product Portfolio
14.7.4. Strategic Initiatives
List of Figures
Figure 1 Global Offshore Wind Energy Market: Market Coverage
Figure. 2 Research Methodology and Data Sources
Figure. 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure. 4 Global Offshore Wind Energy Market: Quality Assurance
Figure. 5 Global Offshore Wind Energy Market, By Foundation, 2022
Figure. 6 Global Offshore Wind Energy Market, By Location Proximity, 2022
Figure. 7 Global Offshore Wind Energy Market, By Capacity, 2022
Figure. 8 Global Offshore Wind Energy Market, By Component, 2022
Figure. 9 Global Offshore Wind Energy Market, By Geography, 2022
Figure. 10 Market Geographical Opportunity Matrix - Global Offshore Wind Energy Market, 2022
Figure. 11 Market Positioning of Key Offshore Wind Energy Market Players, 2022
Figure. 12 Global Offshore Wind Energy Market - Tier Analysis - Percentage of Revenues by Tier Level, 2022 Versus 2031
Figure. 13 Global Offshore Wind Energy Market, By Foundation, 2022 Vs 2031, %
Figure. 14 Global Offshore Wind Energy Market, By Location Proximity, 2022 Vs 2031, %
Figure. 15 Global Offshore Wind Energy Market, By Capacity, 2022 Vs 2031, %
Figure. 16 Global Offshore Wind Energy Market, By Component, 2022 Vs 2031, %
Figure. 17 U.S. Offshore Wind Energy Market (US$ Million), 2021 - 2031
Figure. 18 Canada Offshore Wind Energy Market (US$ Million), 2021 - 2031
Figure. 19 Rest of North America Offshore Wind Energy Market (US$ Million), 2021 - 2031
Figure. 20 UK Offshore Wind Energy Market (US$ Million), 2021 - 2031
Figure. 21 Germany Offshore Wind Energy Market (US$ Million), 2021 - 2031
Figure. 22 Spain Offshore Wind Energy Market (US$ Million), 2021 - 2031
Figure. 23 Italy Offshore Wind Energy Market (US$ Million), 2021 - 2031
Figure. 24 France Offshore Wind Energy Market (US$ Million), 2021 - 2031
Figure. 25 Rest of Europe Offshore Wind Energy Market (US$ Million), 2021 - 2031
Figure. 26 China Offshore Wind Energy Market (US$ Million), 2021 - 2031
Figure. 27 Japan Offshore Wind Energy Market (US$ Million), 2021 - 2031
Figure. 28 India Offshore Wind Energy Market (US$ Million), 2021 - 2031
Figure. 29 Australia Offshore Wind Energy Market (US$ Million), 2021 - 2031
Figure. 30 South Korea Offshore Wind Energy Market (US$ Million), 2021 - 2031
Figure. 31 Rest of Asia Offshore Wind Energy Market (US$ Million), 2021 - 2031
Figure. 32 Brazil Offshore Wind Energy Market (US$ Million), 2021 - 2031
Figure. 33 Mexico Offshore Wind Energy Market (US$ Million), 2021 - 2031
Figure. 34 Rest of Latin America Offshore Wind Energy Market (US$ Million), 2021 - 2031
Figure. 35 GCC Offshore Wind Energy Market (US$ Million), 2021 - 2031
Figure. 36 Africa Offshore Wind Energy Market (US$ Million), 2021 - 2031
Figure. 37 Rest of Middle East and Africa Offshore Wind Energy Market (US$ Million), 2021 - 2031
List of Tables
Table Global Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 2 Global Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 3 Global Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 4 Global Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 5 North America Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 6 North America Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 7 North America Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 8 North America Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 9 U.S. Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 10 U.S. Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 11 U.S. Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 12 U.S. Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 13 Canada Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 14 Canada Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 15 Canada Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 16 Canada Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 17 Rest of North America Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 18 Rest of North America Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 19 Rest of North America Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 20 Rest of North America Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 21 UK and European Union Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 22 UK and European Union Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 23 UK and European Union Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 24 UK and European Union Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 25 UK Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 26 UK Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 27 UK Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 28 UK Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 29 Germany Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 30 Germany Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 31 Germany Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 32 Germany Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 33 Spain Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 34 Spain Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 35 Spain Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 36 Spain Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 37 Italy Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 38 Italy Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 39 Italy Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 40 Italy Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 41 France Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 42 France Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 43 France Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 44 France Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 45 Rest of Europe Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 46 Rest of Europe Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 47 Rest of Europe Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 48 Rest of Europe Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 49 Asia Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 50 Asia Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 51 Asia Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 52 Asia Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 53 China Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 54 China Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 55 China Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 56 China Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 57 Japan Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 58 Japan Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 59 Japan Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 60 Japan Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 61 India Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 62 India Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 63 India Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 64 India Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 65 Australia Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 66 Australia Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 67 Australia Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 68 Australia Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 69 South Korea Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 70 South Korea Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 71 South Korea Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 72 South Korea Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 73 Latin America Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 74 Latin America Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 75 Latin America Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 76 Latin America Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 77 Brazil Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 78 Brazil Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 79 Brazil Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 80 Brazil Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 81 Mexico Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 82 Mexico Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 83 Mexico Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 84 Mexico Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 85 Rest of Latin America Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 86 Rest of Latin America Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 87 Rest of Latin America Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 88 Rest of Latin America Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 89 Middle East and Africa Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 90 Middle East and Africa Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 91 Middle East and Africa Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 92 Middle East and Africa Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 93 GCC Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 94 GCC Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 95 GCC Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 96 GCC Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 97 Africa Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 98 Africa Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 99 Africa Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 100 Africa Offshore Wind Energy Market By Component, 2021-2031, USD (Million)
Table 101 Rest of Middle East and Africa Offshore Wind Energy Market By Foundation, 2021-2031, USD (Million)
Table 102 Rest of Middle East and Africa Offshore Wind Energy Market By Location Proximity, 2021-2031, USD (Million)
Table 103 Rest of Middle East and Africa Offshore Wind Energy Market By Capacity, 2021-2031, USD (Million)
Table 104 Rest of Middle East and Africa Offshore Wind Energy Market By Component, 2021-2031, USD (Million)

Companies Mentioned

  • Vestas
  • Enercon GmbH
  • General Electric
  • Nordex S.E
  • Suzlon Energy Limited
  • Siemens Gamesa Renewable Energy S.A.