Global Offshore Wind Turbine Market 2017-2021

  • ID: 4372304
  • Report
  • Region: Global
  • 73 pages
  • TechNavio
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FEATURED COMPANIES

  • ADWEN
  • AREVA WIND
  • Clipper Windpower
  • Doosan
  • Gamesa
  • GENERAL ELECTRIC
  • MORE
About Offshore Wind Turbine

Offshore wind power or wind energy is the use of offshore constructed wind farms, usually on the continental shelf, to harvest wind energy and convert it into electrical energy. This electrical energy is transferred to an electrical grid and then to commercial and residential areas. Power generated from wind is one of the cleanest sources of power generation. The existing energy in the wind turns the turbine blades around the rotor, which is coupled to the main shaft that rotates the generator to produce electricity. Conventional power generation is slowly losing its sheen owing to growing environmental awareness. Renewable energy sources, such as wind and solar, have gained popularity worldwide.

The analysts forecast the global offshore wind turbine market to grow at a CAGR of 20% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global offshore wind turbine market for 2017-2021. To calculate the market size, the report considers the new installations and exclude the retrofit/spares market.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Offshore Wind Turbine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ADWEN,
  • MHI Vestas Offshore Wind,
  • Senvion,
  • Siemens Wind Power
Other prominent vendors
  • AREVA WIND
  • Clipper Windpower
  • Doosan
  • Gamesa
  • GENERAL ELECTRIC
  • Samsung Heavy Industries
  • Sinovel Wind Group
Market drivers
  • Government support for wind energy projects
  • For a full, detailed list, view the full report
Market challenges
  • Competition from fossil fuels
  • For a full, detailed list, view the full report
Market trends
  • Reduction in cost for wind energy
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ADWEN
  • AREVA WIND
  • Clipper Windpower
  • Doosan
  • Gamesa
  • GENERAL ELECTRIC
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
  • Wind turbine technology value chain
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by substructures
  • Global offshore wind turbine market by substructures
  • Global offshore wind turbine market by monopile substructure segment
  • Global offshore wind turbine market by gravity foundation substructure segment
PART 07: Geographical segmentation
  • Global offshore wind turbine market by geography
  • Offshore wind turbine market in EMEA
  • Offshore wind turbine market in APAC
  • Offshore wind turbine market in the Americas
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends
  • Reduction in cost for wind energy
  • Rise in patent filings
  • R&D in direct drive generators
PART 11: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 12: Key vendor analysis
  • ADWEN
  • MHI Vestas Offshore Wind
  • Senvion
  • Siemens Wind Power
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Overall wind installation growth rate by region
Exhibit 02: Cost breakdown of wind turbine components (%)
Exhibit 03: Wind turbine components
Exhibit 04: Applications of CMS
Exhibit 05: Wind turbine value chain
Exhibit 06: Global offshore wind turbine market segmentation
Exhibit 07: Global offshore wind turbine market 2016-2021 (MW)
Exhibit 08: Five forces analysis
Exhibit 09: Global offshore wind turbine market by substructures 2016 and 2021 (%)
Exhibit 10: Global offshore wind turbine market by substructures 2016-2021 (MW)
Exhibit 11: Global offshore wind turbine market by monopile substructure segment 2016-2021 (MW)
Exhibit 12: Global offshore wind turbine market by gravity foundation substructure segment 2016-2021 (MW)
Exhibit 13: Global offshore wind turbine market by geography 2016 and 2021 (%)
Exhibit 14: Global offshore wind turbine market by geography 2016-2021 (MW)
Exhibit 15: Offshore wind turbine market in EMEA 2016-2021 (MW)
Exhibit 16: Germany wind power capacity 2010-2016 (MW)
Exhibit 17: UK wind power capacity 2010-2016 (MW)
Exhibit 18: Offshore wind turbine market in APAC 2016-2021 (MW)
Exhibit 19: Offshore wind turbine market in the Americas 2016-2021 (MW)
Exhibit 20: New wind installation targets by 2020 (%)
Exhibit 21: Global wind power installation 2016 (MW)
Exhibit 22: Global cumulative offshore wind power installation 2016 (MW)
Exhibit 23: Global cumulative offshore wind installation capacity 2006-2016 (MW)
Exhibit 24: Indexed global offshore wind installed cost 2000-2016
Exhibit 25: Component malfunction leading to wind turbine failure (%)
Exhibit 26: Typical offshore and onshore wind energy cost assessment 2016 ($ per MWh)
Exhibit 27: Patent filings in offshore wind turbines 2001-2015 (%)
Exhibit 28: Cumulative patent filings in offshore wind turbines 2000-2013
Exhibit 29: Other prominent vendors: Global offshore wind turbine market
Exhibit 30: ADWEN: Key products
Exhibit 31: MHI Vestas Offshore Wind: Key products
Exhibit 32: Senvion: Key products
Exhibit 33: Siemens Wind Power: Key products
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FEATURED COMPANIES

  • ADWEN
  • AREVA WIND
  • Clipper Windpower
  • Doosan
  • Gamesa
  • GENERAL ELECTRIC
  • MORE
New Report Released: - Global Offshore Wind Turbine Market 2017-2021

The author of the report recognizes the following companies as the key players in the global offshore wind turbine market: ADWEN, MHI Vestas Offshore Wind, Senvion, and Siemens Wind Power.

Other Prominent Vendors in the market are: AREVA WIND, Clipper Windpower, Doosan, Gamesa, GENERAL ELECTRIC, Samsung Heavy Industries, and Sinovel Wind Group.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Reduction in cost for wind energy. The primary drivers that regulate the cost of electricity from wind energy are capital costs, capacity factor, and operating costs. CAPEX, OPEX, project design, and cost of financing turbine performance are the main drivers that regulate cost reduction for wind energy. Along with the high hub heights, large rotor diameters cubed with large turbines as well as improved operations and financial conditions act as the key factors for wind projects. The drop-in prices for offshore applications are also acting as a driver for the reduction in cost for wind energy. As wind energy prices are extremely competitive, it offers costs that are lower than all other renewable resources, which is in turn driving the market for wind energy worldwide.”

According to the report, one of the major drivers for this market is Government support for wind energy projects. Governments worldwide are supporting wind energy projects through favorable policies and tax incentives. One distinguished example of such initiatives is the FiT policy, which was designed to encourage investments in technologies related to renewable energy generation. The Renewable Energy Sources Act 2014 in Germany established fixed FiTs for renewable energy-generating power utilities in the country. The FiT policy covers numerous aspects of the wind energy industry such as bonuses, eligibility, and various other grants. Distinct policies specific to numerous wind energy generation facilities, such as offshore and onshore, are also defined in the policy document.

Further, the report states that one of the major factors hindering the growth of this market is Competition from fossil fuels. According to the U.S. Energy Information Administration, in 2016, the share of renewable energy in global electricity production was 23%. We expect it to increase to 26% by 2020. Fossil fuels that have dominated global power generation since their discovery accounted for around 67% share in 2016. The share of wind power in global electricity production was 3.1% in 2016. Since 2001, the share of wind power in the global energy mix has been increasing steadily. However, the share is still low considering the huge amount of electricity that is generated globally.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • ADWEN
  • MHI Vestas Offshore Wind
  • Senvion
  • Siemens Wind Power
  • AREVA WIND
  • Clipper Windpower
  • Doosan
  • Gamesa
  • GENERAL ELECTRIC
  • Samsung Heavy Industries
  • Sinovel Wind Group
Note: Product cover images may vary from those shown
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