The offshore wind market is projected to reach USD 56.8 billion by 2026 from an estimated USD 31.8 billion in 2021, at a CAGR of 12.3% during the forecast period. Increasing demand for renewable energy. The emergence of offshore wind farms started with the necessity to reduce greenhouse gas emissions and increase the share of renewable energy in the total energy mix. With the globally increasing consumption of electricity, new technologies are expected to influence the production, transmission, distribution, and use of electricity. Conventional sources of electricity lead to climatic changes, environmental pollution, and other issues. Thus, the offshore wind market is gaining momentum, and there exists a lot of untapped potential in this market.
The turbines segment is expected to grow at the highest CAGR from 2021 to 2026.
Based on the components of offshore wind systems, the turbine is estimated to be the fastest-growing market from 2019 to 2026. The segment includes nacelle, rotors and blades, and tower. Growth of the renewable market Asia Pacific and North America is expected to drive the offshore wind market.
Deep water is expected to emerging market by location.
The improving turbine technology and larger turbines are being used to harness the constant strong wind available in deep sea which in turn is attracting more offshore wind farm development in this location. Many large players such as Orested, Vestas are already developing the wind farms in deep sea and also developing technologies to sustain the climatic challenges present in deep sea.
Europe: The largest offshore wind market.
Europe accounted for the largest share of 57% of the offshore wind market amongst all regions in 2020. The European market is further segmented into UK, Germany, Denmark, Belgium, Netherlands, Sweden, Finland, Ireland, and Rest of Europe. The European region is home to several major offshore wind companies such as Siemens (Germany), Nordex SE(Germany), Vestas (Denmark), ABB (Switzerland) and many more. European region has been a pioneer in offshore wind technology and offshore wind farm development. The countries in the EU are primarily focusing on upgrading their aging electrical infrastructure, and governments of these countries are promoting power generation through renewable energy sources and are building networks, from generation to end-users, to allow for efficient power and energy trading.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.
The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
- By Designation: C-Level- 30%, Director Level- 25%, and Others- 45%
- By Region: North America- 20%, Asia Pacific- 30%, Europe- 50%
Note: Others includes product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2017. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The leading players in the offshore wind market include Siemens Gamesa (Spain), Vestas (Denmark), General Electric (US), Shanghai Electric Wind Power (China).
Research Coverage:
The report defines, describes, and forecasts the global offshore wind market, by component, by location, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the offshore wind market.
Key Benefits of Buying the Report
1. The report identifies and addresses the key markets for offshore wind, which would help offshore wind manufacturers review the growth in demand.
2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions and Exclusions
1.3.1 Offshore Wind Market, by Component: Inclusions and Exclusions
1.3.2 Offshore Wind Market, by Location: Inclusions and Exclusions
1.4 Study Scope
1.4.1 Markets Covered
1.4.2 Regional Scope
1.4.3 Years Considered
1.5 Currency
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 1 Offshore Wind Market: Research Design
2.2 Market Breakdown and Data Triangulation
Figure 2 Data Triangulation Methodology
2.2.1 Secondary Data
2.2.1.1 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Data from Primary Sources
2.2.2.2 Breakdown of Primaries
Figure 3 Breakdown of Primaries
2.3 Impact of COVID-19
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
2.4.2 Top-Down Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
2.4.3 Demand Side Analysis
Figure 6 Main Metrics Considered while Analyzing and Assessing Demand for Offshore Wind
2.4.3.1 Demand Side Calculation
2.4.3.2 Assumptions for Demand Side Analysis
2.4.4 Supply Side Analysis
Figure 7 Main Metrics Considered in Assessing Supply for Offshore Wind
Figure 8 Offshore Wind Market: Supply Side Analysis
2.4.4.1 Supply Side Calculation
2.4.4.2 Assumptions for Supply Side
2.4.5 Forecast
3 Executive Summary
Table 1 Snapshot of Offshore Wind Market
Figure 9 Turbines Segment to Account for Largest Share of Offshore Wind Market, by Component, During Forecast Period
Figure 10 Nacelle to Hold Largest Share of Offshore Wind Market for Turbines, by Module, During Forecast Period
Figure 11 Monopile Segment to Account for Largest Share of Offshore Wind Market, by Substructure, During Forecast Period
Figure 12 Substation Segment to Account for Larger Share of Offshore Wind Market, by Electrical Infrastructure, During Forecast Period
Figure 13 Shallow Water Segment to Account for Largest Share of Offshore Wind Market, by Location, During Forecast Period
Figure 14 North America Offshore Wind Market to Exhibit Highest CAGR During 2021-2026
4 Premium Insights
4.1 Attractive Opportunities in Offshore Wind Market
Figure 15 Rising Demand for Renewable Energy to Drive Growth of Offshore Wind Market During Forecast Period
4.2 Offshore Wind Market, by Region
Figure 16 Offshore Wind Market in North America to Register Highest CAGR During Forecast Period
4.3 Offshore Wind Market, by Component
Figure 17 Turbines Segment Held Largest Share of Offshore Wind Market in 2020
4.4 Offshore Wind Market for Turbines, by Module
Figure 18 Nacelle Segment Held Largest Share of Offshore Wind Market in 2020
4.5 Offshore Wind Market, by Substructure
Figure 19 Monopile Segment Held Largest Share of Offshore Wind Market in 2020
4.6 Offshore Wind Market, by Electrical Infrastructure
Figure 20 Substation Segment Held Larger Share of Electrical Infrastructure in 2020
4.7 Offshore Wind Market, by Location
Figure 21 Shallow Water Segment Held Largest Share of Offshore Wind Market, by Location, in 2020
5 Market Overview
5.1 Introduction
5.2 COVID-19 Health Assessment
Figure 22 COVID-19 Global Propagation
Figure 23 COVID-19 Propagation in Selected Countries
5.3 Global Road to Recovery from COVID-19
Figure 24 Global Recovery Road from COVID-19 from 2020 to 2021
5.4 COVID-19 Economic Assessment
Figure 25 Revised Gdp Forecasts for Select G20 Countries in 2020
5.5 Market Dynamics
Figure 26 Offshore Wind Market: Drivers, Restraints, Opportunities, and Challenges
5.5.1 Drivers
5.5.1.1 Increasing Global Investments in Renewable Energy are Likely to Drive Offshore Wind Market
Figure 27 Annual Global Investments in Power Plants, 2010-2020 (USD Billion)
5.5.1.2 Favorable Government Policies Across All Regions
Figure 28 Total Installed Capacity of Offshore Wind in Mw, by Country, 2020
5.5.2 Restraints
5.5.2.1 High Capital Costs and Logistic Issues
5.5.2.2 Low Cost of Conventional Electricity Generation
Figure 29 Average Capital Cost Incurred Per Kw for Various Technologies
5.5.3 Opportunities
5.5.3.1 Initiatives by Governments and Companies to Reduce Carbon Emissions
Figure 30 Global Energy-Related Co2 Emissions, 2005-2020
5.5.3.2 Floating Foundation Wind Farms are Permitting Access to Better Wind Resources
5.5.4 Challenges
5.5.4.1 Lack of Technical Expertise Needed to Develop an Offshore Wind Farm
5.5.4.2 Climatic Challenges During Operations of Wind Farm
5.5.4.3 Impact of COVID-19
5.6 Yc-Shift
5.6.1 Revenue Shift and New Revenue Pockets
Figure 31 Revenue Shift for Offshore Wind Market
5.7 Market Map
Figure 32 Market Map of Offshore Wind Market
5.8 Average Cost Trends Analysis
Table 2 Weighted Average Total Installed Cost Trend for Offshore Wind Energy, 2010 & 2019 (Usd/Kw)
5.9 Value Chain Analysis
Figure 33 Offshore Wind Market: Value Chain Analysis
5.9.1 Raw Material Suppliers
5.9.2 Component Manufacturers/Turbine Suppliers
5.9.3 System Integrators/Assemblers
5.9.4 Wind Farm Operators
5.9.4.1 Operations and Maintenance Services
Table 3 Offshore Wind Market: Ecosystem
5.10 Technology Analysis
5.11 Offshore Wind Market: Codes and Regulations
Table 4 Offshore Wind Market: Codes and Regulations
5.12 Innovations and Patent Registrations
Table 5 Innovations and Patents Related to Offshore Wind Market
5.13 Case Study Analysis
5.13.1 Offshore Wind Farm Changes Munich's Energy Mix
5.13.1.1 Problem Statement
5.13.1.2 Solution
5.13.2 Generating Renewable Energy from Uk's Offshore Wind Farms
5.13.2.1 Problem Statement
5.13.2.2 Solution
5.14 Porter's Five Forces Analysis
Table 6 Offshore Wind Market: Porter's Five Forces Analysis
Figure 34 Threat of New Entrants is Low in Offshore Wind Market
5.14.1 Threat of Substitutes
5.14.2 Bargaining Power of Suppliers
5.14.3 Bargaining Power of Buyers
5.14.4 Threat of New Entrants
5.14.5 Degree of Competition
6 Offshore Wind Market, by Component
6.1 Introduction
Table 7 Offshore Wind Market Size, by Component, 2019-2026 (USD Million)
6.2 Turbines
Table 8 Offshore Wind Market for Turbines, by Module, 2019-2026 (USD Million)
Table 9 Offshore Wind Market for Turbines, by Region, 2019-2026 (USD Million)
Table 10 Offshore Wind Market for Nacelle, by Region, 2019-2026 (USD Million)
Table 11 Offshore Wind Market for Rotors and Blades, by Region, 2019-2026 (USD Million)
Table 12 Offshore Wind Market for Tower, by Region, 2019-2026 (USD Million)
6.3 Electrical Infrastructure
Table 13 Offshore Wind Market for Electrical Infrastructure, by Type, 2019-2026 (USD Million)
Table 14 Offshore Wind Market for Electrical Infrastructure, by Region, 2019-2026 (USD Million)
Table 15 Offshore Wind Market for Wires & Cables, by Region, 2019-2026 (USD Million)
Table 16 Offshore Wind Market for Substation, by Region, 2019-2026 (USD Million)
6.4 Substructure
Table 17 Offshore Wind Market for Substructure, by Type, 2019-2026 (USD Million)
Table 18 Offshore Wind Market for Substructure, by Region, 2019-2026 (USD Million)
Table 19 Offshore Wind Market for Monopile, by Region, 2019-2026 (USD Million)
Table 20 Offshore Wind Market for Jacket and Gravity-Based, by Region, 2019-2026 (USD Million)
Table 21 Offshore Wind Market for Others, by Region, 2019-2026 (USD Million)
6.5 Others
Table 22 Offshore Wind market for Others, by Region, 2019-2026 (USD Million)
7 Offshore Wind Market, by Location
7.1 Introduction
Table 23 Offshore Wind Market, by Location, 2019-2026 (USD Million)
7.2 Shallow Water (<30 M Depth)
Table 24 Shallow Water: Offshore Wind Market, by Region, 2019-2026 (USD Million)
7.3 Transitional Water (30-60 M Depth)
Table 25 Transitional Water: Offshore Wind Market, by Region, 2019-2026 (USD Million)
7.4 Deepwater (More Than 60 M Depth)
Table 26 Deepwater: Offshore Wind Market, by Region, 2019-2026 (USD Million)
8 Geographic Analysis
8.1 Introduction
Figure 37 Offshore Wind Market in North America to Register Highest CAGR from 2021 to 2026
Figure 38 Offshore Wind Market Share, by Region, 2020 (%)
Table 27 Global Offshore Wind Market, by Region, 2019-2026 (USD Million)
8.2 Asia-Pacific
Figure 39 Snapshot: Offshore Wind Market in Asia-Pacific
8.2.1 By Component
Table 28 Offshore Wind Market in Apac, by Component, 2019-2026 (USD Million)
8.2.2 By Turbines
Table 29 Offshore Wind Market in Apac, for Turbines, by Module, 2019-2026 (USD Million)
8.2.3 By Substructure
Table 30 Offshore Wind Market in APAC for Substructure, by Type, 2019-2026 (USD Million)
8.2.4 By Electrical Infrastructure
Table 31 Offshore Wind Market in APAC for Electrical Infrastructure, by Type, 2019-2026 (USD Million)
8.2.5 By Location
Table 32 Offshore Wind Market in Apac, by Location, 2019-2026 (USD Million)
8.2.6 By Country
Table 33 Offshore Wind Market in Apac, by Country, 2019-2026 (USD Million)
8.2.6.1 China
8.2.6.1.1 Strong Political Commitment and Decarbonization Measures to Drive Growth of Offshore Wind Market in China
Table 34 Offshore Wind Market in China, by Component, 2019-2026 (USD Million)
Table 35 Offshore Wind Market in China for Turbines, by Module, 2019-2026 (USD Million)
Table 36 Offshore Wind Market in China for Substructure, by Type, 2019-2026 (USD Million)
Table 37 Offshore Wind Market in China for Electrical Infrastructure, by Type,2019-2026 (USD Million)
Table 38 Offshore Wind Market in China by Location, 2019-2026 (USD Million)
8.2.6.2 Japan
8.2.6.2.1 Active Participation of Government and Participation of Wind Farm Developers is Likely to Drive Offshore Wind Market in Japan
Table 39 Offshore Wind Market in Japan, by Component, 2019-2026 (USD Million)
Table 40 Offshore Wind Market in Japan for Turbine, by Type, 2019-2026 (USD Million)
Table 41 Offshore Wind Market in Japan for Substructure, by Type, 2019-2026 (USD Million)
Table 42 Offshore Wind Market in Japan for Electrical Infrastructure, by Type, 2019-2026 (USD Million)
Table 43 Offshore Wind Market in Japan by Location, 2019-2026 (USD Million)
8.2.6.3 South Korea
8.2.6.3.1 Aggressive Plans by South Korean Government and Strong Partnerships with Other Countries is Going to Drive Offshore Wind Market in South Korea
Table 44 Offshore Wind Market in South Korea, by Component, 2019-2026 (USD Million)
Table 45 Ffshore Wind Market in South Korea for Turbine, by Module, 2019-2026 (USD Million)
Table 46 Offshore Wind Market in South Korea for Substructure, by Type, 2019-2026 (USD Million)
Table 47 Offshore Wind Market in South Korea for Electrical Infrastructure, by Type, 2019-2026 (USD Million)
Table 48 Offshore Wind Market in South Korea, by Location, 2019-2026 (USD Million)
8.2.6.4 Taiwan
8.2.6.4.1 Optimal Wind Energy Conditions Favor Market Growth in Taiwan
Table 49 Offshore Wind Market in Taiwan, by Component, 2019-2026 (USD Million)
Table 50 Offshore Wind Market in Taiwan for Turbine, by Module, 2019-2026 (USD Million)
Table 51 Offshore Wind Market in Taiwan for Substructure, by Type, 2019-2026 (USD Million)
Table 52 Offshore Wind Market in Taiwan for Electrical Infrastructure, by Type, 2019-2026 (USD Million)
Table 53 Offshore Wind Market in Taiwan, by Location, 2019-2026 (USD Million)
8.2.6.5 Vietnam
8.2.6.5.1 Move Towards Reducing Dependency on Fossil Fuel and Presence of Wind Resources to Help in Growth of Offshore Wind Market
Table 54 Offshore Wind Market in Vietnam, by Component, 2019-2026 (USD Million)
Table 55 Offshore Wind Market in Vietnam for Turbine, by Module, 2019-2026 (USD Million)
Table 56 Offshore Wind Market in Vietnam for Substructure, by Type, 2019-2026 (USD Million)
Table 57 Offshore Wind Market in Vietnam for Electrical Infrastructure, by Type, 2019-2026 (USD Million)
Table 58 Offshore Wind Market in Vietnam, by Location, 2019-2026 (USD Million)
8.3 Europe
Figure 40 Europe: Market Snapshot
8.3.1 By Component
Table 59 Offshore Wind Market in Europe, by Component, 2019-2026 (USD Million)
8.3.2 By Turbine
Table 60 Offshore Wind Market in Europe for Turbines, by Module, 2019-2026 (USD Million)
8.3.3 By Substructure
Table 61 Offshore Wind Market in Europe for Substructure, by Type, 2019-2026 (USD Million)
8.3.4 By Electrical Infrastructure
Table 62 Offshore Wind Market in Europe for Electrical Infrastructure, by Type, 2019-2026 (USD Million)
8.3.5 By Location
Table 63 Offshore Wind Market in Europe, by Location, 2019-2026 (USD Million)
8.3.6 By Country
Table 64 Offshore Wind Market in Europe, by Country, 2019-2026 (USD Million)
8.3.6.1 Germany
8.3.6.1.1 Government-Led Efforts and Energy Transition to Lead Way for Offshore Wind Market
Table 65 Offshore Wind Market in Germany, by Component, 2019-2026 (USD Million)
Table 66 Offshore Wind Market in Germany for Turbine, by Module, 2019-2026 (USD Million)
Table 67 Offshore Wind Market in Germany for Substructure, by Type, 2019-2026 (USD Million)
Table 68 Offshore Wind Market in Germany for by Electrical Infrastructure, by Type, 2019-2026 (USD Million)
Table 69 Offshore Wind Market in Germany, by Location, 2019-2026 (USD Million)
8.3.6.2 UK
8.3.6.2.1 Government Policies and Favorable Conditions for Offshore Wind Farms to Drive Market Growth
Table 70 Offshore Wind Market in Uk, by Component, 2019-2026 (USD Million)
Table 71 Offshore Wind Market in UK for by Turbines, by Module, 2019-2026 (USD Million)
Table 72 Offshore Wind Market in UK for Substructure, by Type, 2019-2026 (USD Million)
Table 73 Offshore Wind Market in UK for Electrical Infrastructure, by Type, 2019-2026 (USD Million)
Table 74 Offshore Wind Market in Uk, by Location, 2019-2026 (USD Million)
8.3.6.3 Denmark
8.3.6.3.1 High Government Support and Developed Market for Offshore Winds to Create Lucrative Opportunities for Market Players
Table 75 Offshore Wind Market in Denmark, by Component, 2019-2026 (USD Million)
Table 76 Offshore Wind Market in Denmark for Turbines, by Module, 2019-2026 (USD Million)
Table 77 Offshore Wind Market in Denmark for Substructure, by Type, 2019-2026 (USD Million)
Table 78 Offshore Wind Market in Denmark for Electrical Infrastructure, by Type, 2019-2026 (USD Million)
Table 79 Offshore Wind Market in Denmark, by Location, 2019-2026 (USD Million)
8.3.6.4 Belgium
8.3.6.4.1 Commercial Lending to Drive Growth of Offshore Wind Market
Table 80 Offshore Wind Market in Belgium, by Component, 2019-2026 (USD Million)
Table 81 Offshore Wind Market in Belgium for Turbine, by Module, 2019-2026 (USD Million)
Table 82 Offshore Wind Market in Belgium for Substructure, by Type, 2019-2026 (USD Million)
Table 83 Offshore Wind Market in Belgium for Electrical Infrastructure, by Type, 2019-2026 (USD Million)
Table 84 Offshore Wind Market in Belgium, by Location, 2019-2026 (USD Million)
8.3.6.5 Netherlands
8.3.6.5.1 High Government Support to Drive Growth of Offshore Wind Market
Table 85 Offshore Wind Market in Netherlands, by Component, 2019-2026 (USD Million)
Table 86 Offshore Wind Market in Netherlands for Turbine, by Module, 2019-2026 (USD Million)
Table 87 Offshore Wind Market in Netherlands for Substructure, by Type, 2019-2026 (USD Million)
Table 88 Offshore Wind Market in Netherlands for Electrical Infrastructure, by Type, 2019-2026 (USD Million)
Table 89 Offshore Wind Market in Netherlands, by Location, 2019-2026 (USD Million)
8.3.6.6 Sweden
8.3.6.6.1 Government-Led Plans to Achieve 100% Renewable Energy by 2040 to Drive Growth of Offshore Wind Market
Table 90 Offshore Wind Market in Sweden, by Component, 2019-2026 (USD Million)
Table 91 Offshore Wind Market in Sweden for Turbines, by Module, 2019-2026 (USD Million)
Table 92 Offshore Wind Market in Sweden for Substructure, by Type, 2019-2026 (USD Million)
Table 93 Offshore Wind Market in Sweden for Electrical Infrastructure, by Type, 2019-2026 (USD Million)
Table 94 Offshore Wind Market in Sweden, by Location, 2019-2026 (USD Million)
8.3.6.7 Finland
8.3.6.7.1 Government Initiatives to Develop Offshore Wind Industry to Boost Market Growth
Table 95 Offshore Wind Market in Finland, by Component, 2019-2026 (USD Million)
Table 96 Offshore Wind Market in Finland for Turbines, by Module, 2019-2026 (USD Million)
Table 97 Offshore Wind Market in Finland for Substructure, by Type, 2019-2026 (USD Million)
Table 98 Offshore Wind Market in Finland for Electrical Infrastructure, by Type, 2019-2026 (USD Million)
Table 99 Offshore Wind Market in Finland, by Location, 2019-2026 (USD Million)
8.3.6.8 Ireland
8.3.6.8.1 Upcoming Offshore Wind Projects to Help Country Achieve Its Renewable Energy Goals and Drive Market Growth
Table 100 Offshore Wind Market in Ireland, by Component, 2019-2026 (USD Million)
Table 101 Offshore Wind Market in Ireland for Turbines, by Module, 2019-2026 (USD Million)
Table 102 Offshore Wind Market in Ireland for Substructure, by Type, 2019-2026 (USD Million)
Table 103 Offshore Wind Market in Ireland for Electrical Infrastructure, by Type, 2019-2026 (USD Million)
Table 104 Offshore Wind Market in Ireland, by Location, 2019-2026 (USD Million)
8.3.6.9 Rest of Europe
Table 105 Offshore Wind Market in Rest of Europe, by Component, 2019-2026 (USD Million)
Table 106 Offshore Wind Market in Rest of Europe for Turbines, by Module, 2019-2026 (USD Million)
Table 107 Offshore Wind Market in Rest of Europe for Substructure, by Type, 2019-2026 (USD Million)
Table 108 Offshore Wind Market in Rest of Europe for Electrical Infrastructure, by Type, 2019-2026 (USD Million)
Table 109 Offshore Wind Market in Rest of Europe, by Location, 2019-2026 (USD Million)
8.4 North America
Figure 41 North America: Market Snapshot, 2020
8.4.1 By Component
Table 110 Offshore Wind Market in North America, by Component, 2019-2026 (USD Million)
8.4.2 By Turbines
Table 111 Offshore Wind Market in North America for Turbines, by Module, 2019-2026 (USD Million)
8.4.3 By Substructure
Table 112 Offshore Wind Market in North America for Substructure, by Type, 2019-2026 (USD Million)
8.4.4 By Electrical Infrastructure
Table 113 Offshore Wind Market in North America for Electrical Infrastructure, by Type, 2019-2026 (USD Million)
8.4.5 By Location
Table 114 Offshore Wind Market in North America, by Location, 2019-2026 (USD Million)
8.4.6 By Country
Table 115 Offshore Wind Market in North America, by Country, 2019-2026 (USD Million)
8.4.6.1 US
8.4.6.1.1 Favorable Government Policies to Drive Growth of Us Offshore Wind Market
Table 116 Offshore Wind Market in Us, by Component, 2019-2026 (USD Million)
Table 117 Offshore Wind Market in Us for Turbines, by Module, 2019-2026 (USD Million)
Table 118 Offshore Wind Market in Us for Substructure, by Type, 2019-2026 (USD Million)
Table 119 Offshore Wind Market in Us for Electrical Infrastructure, by Type, 2019-2026 (USD Million)
Table 120 Offshore Wind Market in Us, by Location, 2019-2026 (USD Million)
9 Competitive Landscape
9.1 Overview
Table 121 Overview of Top Players, January 2017-July 2021
9.2 Market Share Analysis
Table 122 Offshore Wind Market: Degree of Competition
Figure 42 Leading Players in Offshore Wind Market
9.3 Market Evaluation Framework
Table 123 Market Evaluation Framework
9.4 Competitive Scenario
Table 124 Offshore Wind Market: Product Launches, January 2017-July 2021
Table 125 Offshore Wind Market: Deals, January 2017-July 2021
Table 126 Offshore Wind Market: Others, January 2017-July 2021
9.5 Company Evaluation Quadrant
9.5.1 Star
9.5.2 Emerging Leader
9.5.3 Pervasive
9.5.4 Participant
Figure 43 Competitive Leadership Mapping: Offshore Wind Market, 2020
9.5.5 Company Footprint
Table 127 Company Footprint
Table 128 Company Component Footprint
Table 129 Company Location Footprint
Table 130 Company Regional Footprint
10 Company Profiles
10.1 Major Players
10.1.1 General Electric
Table 131 General Electric: Company Overview
Figure 44 General Electric: Company Snapshot
Table 132 General Electric: Products/Solutions Offered
Table 133 General Electric: Product Launches
Table 134 General Electric: Deals
Table 135 General Electric: Others
10.1.2 Vestas
Table 136 Vestas: Company Overview
Figure 45 Vestas: Company Snapshot
Table 137 Vestas: Products/Solutions Offered
Table 138 Vestas: Product Launches
Table 139 Vestas: Deals
Table 140 Vestas: Others
10.1.3 Siemens Gamesa
Table 141 Siemens Gamesa: Company Overview
Figure 46 Siemens Gamesa: Company Snapshot
Table 142 Siemens Gamesa: Products/Solutions Offered
Table 143 Siemens Gamesa: Product Launches
Table 144 Siemens Gamesa: Deals
10.1.4 ABB
Table 145 ABB: Company Overview
Figure 47 ABB: Company Snapshot
Table 146 ABB: Products/Solutions Offered
Table 147 ABB: Deals
10.1.5 Goldwind
Table 148 Goldwind: Company Overview
Figure 48 Goldwind: Company Snapshot
Table 149 Goldwind: Products/Solutions Offered
Table 150 Goldwind: Product Launches
Table 151 Goldwind: Deals
10.1.6 Doosan Heavy Industries and Construction
Table 152 Doosan Heavy Industries and Construction: Company Overview
Figure 49 Doosan Heavy Industries and Construction: Company Snapshot
Table 153 Doosan Heavy Industries and Construction: Products/Solutions Offered
Table 154 Doosan Heavy Industries and Construction
10.1.7 Nordex
Table 155 Nordex: Company Overview
Figure 50 Nordex Se: Company Snapshot
Table 156 Nordex: Products/Solutions Offered
Table 157 Nordex: Deals
10.1.8 Shanghai Electric Wind Power Equipment Co.
Table 158 Shanghai Electric Wind Power Equipment Co.: Company Overview
Figure 51 Shanghai Electric Wind Power Equipment Co.: Company Snapshot
Table 159 Shanghai Electric Wind Power Equipment Co.: Products/Solutions Offered
Table 160 Shanghai Electric Wind Power Equipment Co.: Product Launched
Table 161 Shanghai Electric Wind Power Equipment Co.: Deals
10.1.9 Eew Group
Table 162 Eew Group: Company Overview
Table 163 Eew Group: Products/Solutions Offered
Table 164 Eew Group: Deals
10.1.10 Nexans
Table 165 Nexans: Company Overview
Figure 52 Nexans: Company Snapshot
Table 166 Nexans: Products/Solutions Offered
Table 167 Nexans: Product Launches
Table 168 Nexans: Deals
10.1.11 Deme
Table 169 Deme: Company Overview
Figure 53 Deme: Company Snapshot
Table 170 Deme: Products/Solutions Offered
Table 171 Deme: Deals
10.1.12 Hitachi
Table 172 Hitachi: Company Overview
Figure 54 Hitachi: Company Snapshot
Table 173 Hitachi: Products/Solutions Offered
Table 174 Hitachi: Deals
10.1.13 Ming Yang Smart Energy Group Co.
Table 175 Ming Yang Smart Energy Group Co.: Company Overview
Table 176 Ming Yang Smart Energy Group Co.: Products/Solutions Offered
Table 177 Ming Yang Smart Energy Group Co.: Product Launches
Table 178 Ming Yang Smart Energy Group Co.: Deals
10.1.14 Envision Energy
Table 179 Envision: Company Overview
Table 180 Envision: Products/Solutions Offered
Table 181 Envision: Deals
10.1.15 Rockwell Automation
Table 182 Rockwell Automation: Company Overview
Figure 55 Rockwell Automation: Company Snapshot
Table 183 Rockwell Automation: Products/Solutions Offered
Table 184 Rockwell Automation: Deals
10.2 Other Key Players
10.2.1 Hyundai Motor Group
Table 185 Hyundai Motor Group Company Snapshot
10.2.2 Schneider Electric
Table 186 Schneider Electric Company Snapshot
10.2.3 Zhejiang Windey Co
Table 187 Zhejiang Windey Co Company Snapshot
10.2.4 Taiyuan Heavy Industry Co., Ltd
Table 188 Taiyuan Heavy Industry Co., Ltd Company Snapshot
10.2.5 Sinovel
Table 189 Sinovel Company Snapshot
11 Adjacent & Related Markets
11.1 Introduction
11.2 Limitations
11.3 Offshore Wind Turbine Equipment Market
11.3.1 Market Definition
11.3.2 Limitations
Table 190 Offshore Wind Turbine Market, by Units (Cumulative), 2017-2030 (Unit)
Table 191 Offshore Wind Turbine Market, by Units (New Installation), 2017-2030 (Unit)
Table 192 Offshore Wind Turbine Market, by Offshore Wind Power Capacity (Cumulative Capacity-), 2017-2030 (Mw)
Table 193 Offshore Wind Turbine Market, by Offshore Wind Power Capacity (New Installation-), 2017-2030 (Mw)
Table 194 Farm Data Along with Number of Wind Power Collection Transformers (2018)
Table 195 Number of Offshore Installed Wind Turbine Units by Country (2018)
12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Subscription Portal
12.4 Available Customizations
Executive Summary
Companies Mentioned
- ABB
- Deme
- Doosan Heavy Industries and Construction
- EEW Group
- Envision Energy
- General Electric
- Goldwind
- Hitachi
- Hyundai Motor Group
- Ming Yang Smart Energy Group Co.
- Nexans
- Nordex
- Rockwell Automation
- Schneider Electric
- Shanghai Electric Wind Power Equipment Co.
- Siemens Gamesa
- Sinovel
- Taiyuan Heavy Industry Co., Ltd
- Vestas
- Zhejiang Windey Co
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 225 |
| Published | August 2021 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 31.8 Billion |
| Forecasted Market Value ( USD | $ 56.8 Billion |
| Compound Annual Growth Rate | 12.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
