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Offshore Wind Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

  • Report

  • 255 Pages
  • December 2023
  • Region: Global
  • Infinium Global Research
  • ID: 5923915
Description Jump to:
The report on the global offshore wind market provides qualitative and quantitative analysis for the period from 2021-2030. The offshore wind market was valued at about USD 33.70 billion in 2022 and is expected to reach USD 85.67 billion in 2030, with a CAGR of 12.4% during the forecast period 2023-2030. The study on offshore wind market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

The report on offshore wind market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global offshore wind market over the period of 2021-2030. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global offshore wind market over the period of 2021-2030. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings

1) Drivers

  • The growing global investments on renewable energy is poised to propel the offshore wind market.
  • The increasing demand for clean energy is propelling the growth of the market.

2) Restraints

  • The high upfront costs of offshore wind projects may act as a potential restraint for the market.

3) Opportunities

  • The increasing governments financial and regulatory support for offshore wind development presents a significant opportunity for the industry's growth.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders associated
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global offshore wind market is segmented on the basis of component, and water depth.

The Global Offshore Wind Market by Component

  • Turbines
  • Electrical Infrastructure
  • Substructure
  • Others

The Global Offshore Wind Market by Water Depth

  • Shallow Water
  • Transitional Water
  • Deep Water

Company Profiles

The companies covered in the report include
  • Shanghai Electric
  • GENERAL ELECTRIC
  • Ørsted A/S
  • Siemens Gamesa Renewable Energy, S.A.U
  • E.ON UK plc
  • Doosan Heavy Industries and Construction
  • Hitachi
  • Nordex SE
  • Nexans
  • Xinjiang Goldwind Science Technology Co., Ltd.

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the offshore wind market.
2. Complete coverage of all the segments in the offshore wind market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global offshore wind market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

Table of Contents

Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Offshore Wind Market Highlights
2.2. Offshore Wind Market Projection
2.3. Offshore Wind Market Regional Highlights
Chapter 3. Global Offshore Wind Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter's Five Forces Analysis
3.4. Growth Matrix Analysis
3.4.1. Growth Matrix Analysis by Component
3.4.2. Growth Matrix Analysis by Water Depth
3.4.3. Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Offshore Wind Market
Chapter 4. Offshore Wind Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Offshore Wind Market
5.2. Companies Profiles
5.2.1. Shanghai Electric
5.2.2. GENERAL ELECTRIC
5.2.3. Ørsted A/S
5.2.4. Siemens Gamesa Renewable Energy, S.A.U
5.2.5. E.ON UK plc
5.2.6. Doosan Heavy Industries and Construction
5.2.7. Hitachi
5.2.8. Nordex SE
5.2.9. Nexans
5.2.10. Xinjiang Goldwind Science Technology Co., Ltd.
Chapter 6. Global Offshore Wind Market by Component
6.1. Turbines
6.2. Electrical Infrastructure
6.3. Substructure
6.4. Others
Chapter 7. Global Offshore Wind Market by Water Depth
7.1. Shallow Water
7.2. Transitional Water
7.3. Deep Water
Chapter 8. Global Offshore Wind Market by Region 2023-2030
8.1. North America
8.1.1. North America Offshore Wind Market by Component
8.1.2. North America Offshore Wind Market by Water Depth
8.1.3. North America Offshore Wind Market by Country
8.1.3.1. The U.S. Offshore Wind Market
8.1.3.1.1. The U.S. Offshore Wind Market by Component
8.1.3.1.2. The U.S. Offshore Wind Market by Water Depth
8.1.3.2. Canada Offshore Wind Market
8.1.3.2.1. Canada Offshore Wind Market by Component
8.1.3.2.2. Canada Offshore Wind Market by Water Depth
8.1.3.3. Mexico Offshore Wind Market
8.1.3.3.1. Mexico Offshore Wind Market by Component
8.1.3.3.2. Mexico Offshore Wind Market by Water Depth
8.2. Europe
8.2.1. Europe Offshore Wind Market by Component
8.2.2. Europe Offshore Wind Market by Water Depth
8.2.3. Europe Offshore Wind Market by Country
8.2.3.1. Germany Offshore Wind Market
8.2.3.1.1. Germany Offshore Wind Market by Component
8.2.3.1.2. Germany Offshore Wind Market by Water Depth
8.2.3.2. United Kingdom Offshore Wind Market
8.2.3.2.1. United Kingdom Offshore Wind Market by Component
8.2.3.2.2. United Kingdom Offshore Wind Market by Water Depth
8.2.3.3. France Offshore Wind Market
8.2.3.3.1. France Offshore Wind Market by Component
8.2.3.3.2. France Offshore Wind Market by Water Depth
8.2.3.4. Italy Offshore Wind Market
8.2.3.4.1. Italy Offshore Wind Market by Component
8.2.3.4.2. Italy Offshore Wind Market by Water Depth
8.2.3.5. Rest of Europe Offshore Wind Market
8.2.3.5.1. Rest of Europe Offshore Wind Market by Component
8.2.3.5.2. Rest of Europe Offshore Wind Market by Water Depth
8.3. Asia Pacific
8.3.1. Asia Pacific Offshore Wind Market by Component
8.3.2. Asia Pacific Offshore Wind Market by Water Depth
8.3.3. Asia Pacific Offshore Wind Market by Country
8.3.3.1. China Offshore Wind Market
8.3.3.1.1. China Offshore Wind Market by Component
8.3.3.1.2. China Offshore Wind Market by Water Depth
8.3.3.2. Japan Offshore Wind Market
8.3.3.2.1. Japan Offshore Wind Market by Component
8.3.3.2.2. Japan Offshore Wind Market by Water Depth
8.3.3.3. India Offshore Wind Market
8.3.3.3.1. India Offshore Wind Market by Component
8.3.3.3.2. India Offshore Wind Market by Water Depth
8.3.3.4. South Korea Offshore Wind Market
8.3.3.4.1. South Korea Offshore Wind Market by Component
8.3.3.4.2. South Korea Offshore Wind Market by Water Depth
8.3.3.5. Australia Offshore Wind Market
8.3.3.5.1. Australia Offshore Wind Market by Component
8.3.3.5.2. Australia Offshore Wind Market by Water Depth
8.3.3.6. Rest of Asia-Pacific Offshore Wind Market
8.3.3.6.1. Rest of Asia-Pacific Offshore Wind Market by Component
8.3.3.6.2. Rest of Asia-Pacific Offshore Wind Market by Water Depth
8.4. RoW
8.4.1. RoW Offshore Wind Market by Component
8.4.2. RoW Offshore Wind Market by Water Depth
8.4.3. RoW Offshore Wind Market by Sub-region
8.4.3.1. Latin America Offshore Wind Market
8.4.3.1.1. Latin America Offshore Wind Market by Component
8.4.3.1.2. Latin America Offshore Wind Market by Water Depth
8.4.3.2. Middle East Offshore Wind Market
8.4.3.2.1. Middle East Offshore Wind Market by Component
8.4.3.2.2. Middle East Offshore Wind Market by Water Depth
8.4.3.3. Africa Offshore Wind Market
8.4.3.3.1. Africa Offshore Wind Market by Component
8.4.3.3.2. Africa Offshore Wind Market by Water Depth

Companies Mentioned

  • Shanghai Electric
  • GENERAL ELECTRIC
  • Ørsted A/S
  • Siemens Gamesa Renewable Energy, S.A.U
  • E.ON UK plc
  • Doosan Heavy Industries and Construction
  • Hitachi
  • Nordex SE
  • Nexans
  • Xinjiang Goldwind Science Technology Co., Ltd.

Table Information

Report AttributeDetails
No. of Pages255
PublishedDecember 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 33.7 Billion
Forecasted Market Value ( USD ) by 2030 $ 85.67 Billion
Compound Annual Growth Rate12.4%
Regions CoveredGlobal
No. of Companies Mentioned10

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