Offshore Wind Energy Market - Global Opportunity Analysis and Industry Forecast, 2017-2023 - Product Image

Offshore Wind Energy Market - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4368948
  • Report
  • Region: Global
  • 150 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Dong Energy A/S
  • GE Wind Energy
  • Nordex SE
  • Siemens Wind Power
  • Suzlon Group
  • Vestas Wind Systems A/S
  • MORE
The global offshore wind energy market was valued at $2,727 thousand in 2016, and is expected to reach $11,334 thousand by 2023, registering a CAGR of 19.4% from 2017 to 2023. Offshore wind energy is used by numerous countries globally to harness the energy of consistent and strong winds, which are specifically around the oceans. Offshore winds are more uniform and process higher speed than on land. The energy produced from wind is directly proportional to the cube of the wind speed. Thus, wind speeds of only a few miles per hour are able to generate a considerably larger amount of electricity.

The market has witnessed significant growth opportunities globally, owing to increase in demand for electricity processes and rise in government expenditures. Moreover, increase in inclination of consumers toward efficient and easy renewable sources of energy further boosts the market growth. However, high initial costs associated with offshore wind energy systems and effects of offshore wind farms on marine animals are the factor anticipated to hamper the market growth. The global offshore wind energy market is segmented based on geography into North America, Europe, Asia-Pacific, and LAMEA.

The key players in the global offshore wind energy market have adopted market penetration and various growth strategies, such as mergers & acquisitions, with the local and established players. The key players profiled in the report include:

Siemens Wind Power
Vestas Wind Systems A/S
Goldwind Science and Technology Co. Ltd.
Gamesa Corporacion Technologica SA
GE Wind Energy
Sinovel Wind Group Co. Ltd.
Dong Energy A/S
Suzlon Group
Nordex SE
China Ming Yang Wind Power Group Limited

KEY BENEFITS FOR STAKEHOLDERS

The report provides extensive qualitative and quantitative analyses of the current trends and future estimations of the global offshore wind energy market from 2014 to 2022 to determine the prevailing opportunities.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
Market estimations and forecast of the industry are based on factors impacting the market growth, in terms of value and volume.
Competitive intelligence of leading producers and suppliers of offshore wind assists to understand the competitive scenario globally.
The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.

KEY MARKET SEGMENTS

By Geography

North America
U.S.
Europe
Germany
UK
Belgium
Denmark
The Netherlands
Rest of Europe
Asia-Pacific
China
Japan
Korea
Rest of Asia-Pacific
LAMEA
Brazil

The other players in the value chain (profiles not included in the report) include:


Senvion S.A.
Alstom Energy Inc.
Areva Wind
Clipper WindPower
Doosan Heavy Industries and Construction

*The above list of companies is not profiled in the report, and can be added based on client interest.
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FEATURED COMPANIES

  • Dong Energy A/S
  • GE Wind Energy
  • Nordex SE
  • Siemens Wind Power
  • Suzlon Group
  • Vestas Wind Systems A/S
  • MORE
CHAPTER 1. INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model

CHAPTER 2. EXECUTIVE SUMMARY

2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

CHAPTER 3. MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top Investment Pockets
3.2.2. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Changing preference of consumers
3.4.1.2. Increase in demand for conventional sources of energy
3.4.1.3. Rise in demand for electricity consumption

3.4.2. Restraints

3.4.2.1. High initial costs
3.4.2.2. Less investments

3.4.3. Opportunities

3.4.3.1. Increasing R&D in cheaper products

CHAPTER 4. GLOBAL OFFSHORE WIND ENERGY MARKET, BY GEOGRAPHY

4.1. INTRODUCTION

4.1.1. Market Size and Forecast

4.2. NORTH AMERICA

4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast
4.2.3. U.S.

4.2.3.1. Market size and forecast

4.3. EUROPE

4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast
4.3.3. Germany

4.3.3.1. Market size and forecast

4.3.4. UK

4.3.4.1. Market size and forecast

4.3.5. Belgium

4.3.5.1. Market size and forecast

4.3.6. Denmark

4.3.6.1. Market size and forecast

4.3.7. Netherlands

4.3.7.1. Market size and forecast

4.3.8. Rest of Europe

4.3.8.1. Market size and forecast

4.4. ASIA-PACIFIC

4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast
4.4.3. China

4.4.3.1. Market size and forecast

4.4.4. Japan

4.4.4.1. Market size and forecast

4.4.5. Korea

4.4.5.1. Market size and forecast

4.4.6. Rest of Asia-Pacific

4.4.6.1. Market size and forecast

4.5. LAMEA

4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast
4.5.3. Brazil

4.5.3.1. Market size and forecast

CHAPTER 5. COMPANY PROFILES

5.1. SIEMENS WIND POWER

5.1.1. Company Overview
5.1.2. Company Snapshot
5.1.3. Operating Business Segments
5.1.4. Business Performance
5.1.5. Key Strategic Moves and Developments

5.2. VESTAS WIND SYSTEMS A/S

5.2.1. Company Overview
5.2.2. Company Snapshot
5.2.3. Operating Business Segments
5.2.4. Business Performance
5.2.5. Key Strategic Moves and Developments

5.3. GOLDWIN SCIENCE AND TECHNOLOGY CO. LTD.

5.3.1. Company Overview
5.3.2. Company Snapshot
5.3.3. Operating Business Segments
5.3.4. Business Performance
5.3.5. Key Strategic Moves and Developments

5.4. GAMESA CORPORACION TECHNOLOGICA SA

5.4.1. Company Overview
5.4.2. Company Snapshot
5.4.3. Operating Business Segments
5.4.4. Business Performance
5.4.5. Key Strategic Moves and Developments

5.5. GE WIND ENERGY

5.5.1. Company Overview
5.5.2. Company Snapshot
5.5.3. Operating Business Segments
5.5.4. Business Performance
5.5.5. Key Strategic Moves and Developments

5.6. SINOVEL WIND GROUP CO. LTD.

5.6.1. Company Overview
5.6.2. Company Snapshot
5.6.3. Operating Business Segments
5.6.4. Business Performance
5.6.5. Key Strategic Moves and Developments

5.7. DONG ENERGY A/S

5.7.1. Company Overview
5.7.2. Company Snapshot
5.7.3. Operating Business Segments
5.7.4. Business Performance
5.7.5. Key Strategic Moves and Developments

5.8. SUZLON GROUP

5.8.1. Company Overview
5.8.2. Company Snapshot
5.8.3. Operating Business Segments
5.8.4. Business Performance
5.8.5. Key Strategic Moves and Developments

5.9. NORDEX SE

5.9.1. Company Overview
5.9.2. Company Snapshot
5.9.3. Operating Business Segments
5.9.4. Business Performance
5.9.5. Key Strategic Moves and Developments

5.10. CHINA MING YANG WIND POWER GROUP LIMITED

5.10.1. Company Overview
5.10.2. Company Snapshot
5.10.3. Operating Business Segments
5.10.4. Business Performance
5.10.5. Key Strategic Moves and Developments
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FEATURED COMPANIES

  • Dong Energy A/S
  • GE Wind Energy
  • Nordex SE
  • Siemens Wind Power
  • Suzlon Group
  • Vestas Wind Systems A/S
  • MORE
According to a new report titled, "Offshore Wind Energy Market: Global Opportunity Analysis and Industry Forecast, 2017-2023," the offshore wind energy market was valued at $2,727 thousand in 2016, and is projected to reach at $11,334 thousand by 2023, growing at a CAGR of 19.4% from 2017 to 2023.

Offshore wind energy is one of the most effective and robust sources of energy, which helps in the reduction of CO2 emissions and thus replace fossil fuels. Similar to land-based wind technologies, offshore wind makes use of wind turbines to generate electricity, which is delivered to the shore through an export cable. The main advantage of installing offshore wind energy is the consistent and stronger winds, which blow offshore allowing the use of larger horizontal turbine blades.

Rise in the demand for electricity and preference toward the use of renewable sources of electricity present numerous opportunities for market expansion. Moreover, increase in investments by governments and usage of offshore wind energy as substitutes to reduce greenhouse emissions are further anticipated to boost the overall growth of the market. However, high costs associated with initial installations and infrastructure of expensive components are expected to hamper the overall industry growth.

Key Findings of the Offshore Wind Energy Market:

North America is anticipated to grow at the highest CAGR during the analysis period.
Europe is projected to maintain its lead position from 2017 to 2023, growing at a CAGR of 14.1%, in terms of capacity.
UK accounted for almost one-third of the global market in 2016.
China occupied around one-ninth share of the global offshore wind energy market in 2016.
In terms of value, Denmark is expected to grow at a significant CAGR of 13.5% during the forecast period.
In 2015, Europe accounted for the maximum share of the global market, in terms of volume, and is expected to continue this trend, owing to increase in urbanization, specifically in Denmark, Belgium, and the Netherlands. Moreover, rise in urban population with increased per capita disposable income and growth in overall demand for renewable energy sources drive growth of the European market.

The major companies profiled in the report include Siemens Wind Power, Vestas Wind Systems A/S, Goldwind Science and Technology Co. Ltd., Gamesa Corporacion Technologica SA, GE Wind Energy, Sinovel Wind Group Co. Ltd., Dong Energy A/S, Suzlon Group, Nordex SE, and China Ming Yang Wind Power Group Limited.
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  • Siemens Wind Power
  • Vestas Wind Systems A/S
  • Goldwind Science and Technology Co. Ltd.
  • Gamesa Corporacion Technologica SA
  • GE Wind Energy
  • Sinovel Wind Group Co. Ltd.
  • Dong Energy A/S
  • Suzlon Group
  • Nordex SE
  • China Ming Yang Wind Power Group Limited.
Note: Product cover images may vary from those shown
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