Global Offshore Wind Energy Market: Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025

February 2017 | | ID: GDFBEC854E3EN
Progressive Markets (owned by Antviews Global)

Abstracts

Offshore wind power is the electricity generated by using wind farms installed offshore, usually on the continental shelf, to harness wind energy. The winds blowing offshore are much harder and uniformly flowing than those on land. For an increase in the speed of wind by a mile per hour, electricity generated triples, making offshore wind energy a much-interested option for developers in comparison with onshore or land wind energy. Around 4.45 GW of wind energy is generated from offshore units installed globally, with another 4.72 GW capacity units being under construction and an additional 30.44 GW capacity units being approved. The global offshore wind energy market is expected to grow at a CAGR of 20.3% from 2017 to 2025.

Geographic breakdown and deep analysis of each of the aforesaid segments have resulted in the following regions: North America, Europe, Asia-Pacific, and LAMEA.

MARKET DYNAMICS:

Drivers:

• Numerous advantages over their onshore counterparts are anticipated to increase the demand for offshore wind energy during the forecast period.
• Conducive incentive mechanisms and regulatory frameworks to increase investments and capacity are expected to increase the market demand for offshore wind energy during the forecast period.

Restraints:

• Higher capital costs associated with projects is projected to hamper the growth of the offshore wind market.
• Presence of obstructions in the supply chain is expected to lead to a slowdown of the market during the forecast period.

MARKET PLAYERS:

The top players in the global offshore wind market include Siemens Wind Power, Vestas Wind Systems A/S, Goldwind Science and Technology Co., Ltd., Gamesa Corporacion Tecnologica S.A., GE Wind Energy, Sinovel Wind Group Co., Ltd., Dong Energy A/S, Suzlon Energy Ltd., Nordex SE, and China Ming Yang Wind Power Group Limited.

KEY TAKEAWAYS

MARKET LANDSCAPE

• By Geography
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• LAMEA
• Brazil
• Saudi Arabia
• Argentina
• Rest of LAMEA

Contents

1. EXECUTIVE SUMMARY

1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and recent industry development analysis

2. INTRODUCTION

2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology

3. MARKET LANDSCAPE

3.1. Growth Drivers
  3.1.1. Impact Analysis
3.2. Restrains and Challenges
  3.2.1. Impact Analysis
3.3. Porter’s Analysis
  3.3.1. Bargaining power of buyers
  3.3.2. Bargaining power of suppliers
  3.3.3. Threat of substitutes
  3.3.4. Industry rivalry
  3.3.5. Threat of new entrants
3.4. Global Offshore Wind Market Shares Analysis, 2014-2025
  3.4.1. Global Offshore Wind Market Share By Geography, 2014-2025

4. MARKET BY GEOGRAPHY

4.1. North America
  4.1.1. Historical Market Size, 2014-2016
  4.1.2. Market Forecast, 2017-2025
  4.1.3. U.S.
    4.1.3.1. Historical Market Size, 2014-2016
    4.1.3.2. Market Forecast, 2017-2025
  4.1.4. Canada
    4.1.4.1. Historical Market Size, 2014-2016
    4.1.4.2. Market Forecast, 2017-2025
  4.1.5. Mexico
    4.1.5.1. Historical Market Size, 2014-2016
    4.1.5.2. Market Forecast, 2017-2025
4.2. Europe
  4.2.1. Historical Market Size, 2014-2016
  4.2.2. Market Forecast, 2017-2025
  4.2.3. UK
    4.2.3.1. Historical Market Size, 2014-2016
    4.2.3.2. Market Forecast, 2017-2025
  4.2.4. Germany
    4.2.4.1. Historical Market Size, 2014-2016
    4.2.4.2. Market Forecast, 2017-2025
  4.2.5. France
    4.2.5.1. Historical Market Size, 2014-2016
    4.2.5.2. Market Forecast, 2017-2025
  4.2.6. Spain
    4.2.6.1. Historical Market Size, 2014-2016
    4.2.6.2. Market Forecast, 2017-2025
  4.2.7. Italy
    4.2.7.1. Historical Market Size, 2014-2016
    4.2.7.2. Market Forecast, 2017-2025
  4.2.8. Rest of Europe
    4.2.8.1. Historical Market Size, 2014-2016
    4.2.8.2. Market Forecast, 2017-2025
4.3. Asia-Pacific
  4.3.1. Historical Market Size, 2014-2016
  4.3.2. Market Forecast, 2017-2025
  4.3.3. China
    4.3.3.1. Historical Market Size, 2014-2016
    4.3.3.2. Market Forecast, 2017-2025
  4.3.4. Japan
    4.3.4.1. Historical Market Size, 2014-2016
    4.3.4.2. Market Forecast, 2017-2025
  4.3.5. India
    4.3.5.1. Historical Market Size, 2014-2016
    4.3.5.2. Market Forecast, 2017-2025
  4.3.6. Australia
    4.3.6.1. Historical Market Size, 2014-2016
    4.3.6.2. Market Forecast, 2017-2025
  4.3.7. South Korea
    4.3.7.1. Historical Market Size, 2014-2016
    4.3.7.2. Market Forecast, 2017-2025
  4.3.8. Rest of Asia-Pacific
    4.3.8.1. Historical Market Size, 2014-2016
    4.3.8.2. Market Forecast, 2017-2025
4.4. LAMEA
  4.4.1. Historical Market Size, 2014-2016
  4.4.2. Market Forecast, 2017-2025
  4.4.3. Brazil
    4.4.3.1. Historical Market Size, 2014-2016
    4.4.3.2. Market Forecast, 2017-2025
  4.4.4. South Africa
    4.4.4.1. Historical Market Size, 2014-2016
    4.4.4.2. Market Forecast, 2017-2025
  4.4.5. Saudi Arabia
    4.4.5.1. Historical Market Size, 2014-2016
    4.4.5.2. Market Forecast, 2017-2025
  4.4.6. Rest of LAMEA
    4.4.6.1. Historical Market Size, 2014-2016
    4.4.6.2. Market Forecast, 2017-2025

5. COMPANY PROFILES

5.1. Siemens Wind Power
  5.1.1. Overview
  5.1.2. Financials and business segments
  5.1.3. Recent Developments
5.2. Vestas Wind Systems A/S
  5.2.1. Overview
  5.2.2. Financials and business segments
  5.2.3. Recent Developments
5.3. Goldwind Science and Technology Co., Ltd.
  5.3.1. Overview
  5.3.2. Financials and business segments
  5.3.3. Recent Developments
5.4. Gamesa Corporacion Tecnologica SA
  5.4.1. Overview
  5.4.2. Financials and business segments
  5.4.3. Recent Developments
5.5. GE Wind Energy
  5.5.1. Overview
  5.5.2. Financials and business segments
  5.5.3. Recent Developments
5.6. Sinovel Wind Group Co., Ltd.
  5.6.1. Overview
  5.6.2. Financials and business segments
  5.6.3. Recent Developments
5.7. Dong Energy A/S
  5.7.1. Overview
  5.7.2. Financials and business segments
  5.7.3. Recent Developments
5.8. Suzlon Energy Ltd.
  5.8.1. Overview
  5.8.2. Financials and business segments
  5.8.3. Recent Developments
5.9. Nordex SE
  5.9.1. Overview
  5.9.2. Financials and business segments
  5.9.3. Recent Developments
5.10. China Ming Yang Wind Power Group Limited
  5.10.1. Overview
  5.10.2. Financials and business segments
  5.10.3. Recent Developments

List Of Tables

LIST OF TABLES

Table 1. Offshore Wind Market Share for North America, by Country, 2014-2025, $million
Table 2. Offshore Wind Market Share for Europe, by Country, 2014-2025, $million
Table 3. Offshore Wind Market Share for Asia-Pacific, by Country, 2014-2025, $million
Table 4. Offshore Wind Market Share for LAMEA, by Country, 2014-2025, $million
Table 5. Siemens Wind Power - Company Snapshot
Table 6. Vestas Wind Systems A/S - Company Snapshot
Table 7. Goldwind Science and Technology Co. , Ltd. - Company Snapshot
Table 8. Gamesa Corporacion Tecnologica SA - Company Snapshot
Table 9. GE Wind Energy - Company Snapshot
Table 10. Sinovel Wind Group Co. , Ltd. - Company Snapshot
Table 11. Dong Energy A/S - Company Snapshot
Table 12. Suzlon Energy Ltd. - Company Snapshot
Table 13. Nordex SE - Company Snapshot
Table 14. China Ming Yang Wind Power Group Limited - Company Snapshot

List Of Figures

LIST OF FIGURES

Figure 1. Offshore Wind: U.S. Market Value, 2014-2016, $million
Figure 2. Offshore Wind: U.S. Market Value, 2017-2025, $million
Figure 3. Offshore Wind: Canada Market Value, 2014-2016, $million
Figure 4. Offshore Wind: Canada Market Value, 2017-2025, $million
Figure 5. Offshore Wind: Mexico Market Value, 2014-2016, $million
Figure 6. Offshore Wind: Mexico Market Value, 2017-2025, $million
Figure 7. Offshore Wind: UK Market Value, 2014-2016, $million
Figure 8. Offshore Wind: UK Market Value, 2017-2025, $million
Figure 9. Offshore Wind: Germany Market Value, 2014-2016, $million
Figure 10. Offshore Wind: Germany Market Value, 2017-2025, $million
Figure 11. Offshore Wind: France Market Value, 2014-2016, $million
Figure 12. Offshore Wind: France Market Value, 2017-2025, $million
Figure 13. Offshore Wind: Spain Market Value, 2014-2016, $million
Figure 14. Offshore Wind: Spain Market Value, 2017-2025, $million
Figure 15. Offshore Wind: Italy Market Value, 2014-2016, $million
Figure 16. Offshore Wind: Italy Market Value, 2017-2025, $million
Figure 17. Offshore Wind: Rest of Europe Market Value, 2014-2016, $million
Figure 18. Offshore Wind: Rest of Europe Market Value, 2017-2025, $million
Figure 19. Offshore Wind: China Market Value, 2014-2016, $million
Figure 20. Offshore Wind: China Market Value, 2017-2025, $million
Figure 21. Offshore Wind: Japan Market Value, 2014-2016, $million
Figure 22. Offshore Wind: Japan Market Value, 2017-2025, $million
Figure 23. Offshore Wind: India Market Value, 2014-2016, $million
Figure 24. Offshore Wind: India Market Value, 2017-2025, $million
Figure 25. Offshore Wind: Australia Market Value, 2014-2016, $million
Figure 26. Offshore Wind: Australia Market Value, 2017-2025, $million
Figure 27. Offshore Wind: South Korea Market Value, 2014-2016, $million
Figure 28. Offshore Wind: South Korea Market Value, 2017-2025, $million
Figure 29. Offshore Wind: Rest of Asia-Pacific Market Value, 2014-2016, $million
Figure 30. Offshore Wind: Rest of Asia-Pacific Market Value, 2017-2025, $million
Figure 31. Offshore Wind: Brazil Market Value, 2014-2016, $million
Figure 32. Offshore Wind: Brazil Market Value, 2017-2025, $million
Figure 33. Offshore Wind: Saudi Arabia Market Value, 2014-2016, $million
Figure 34. Offshore Wind: Saudi Arabia Market Value, 2017-2025, $million
Figure 35. Offshore Wind: South Africa Market Value, 2014-2016, $million
Figure 36. Offshore Wind: South Africa Market Value, 2017-2025, $million
Figure 37. Offshore Wind: Rest of LAMEA Market Value, 2014-2016, $million
Figure 38. Offshore Wind: Rest of LAMEA Market Value, 2017-2025, $million

COMPANIES MENTIONED

The top players in the global offshore wind market include Siemens Wind Power, Vestas Wind Systems A/S, Goldwind Science and Technology Co., Ltd., Gamesa Corporacion Tecnologica S.A., GE Wind Energy, Sinovel Wind Group Co., Ltd., Dong Energy A/S, Suzlon Energy Ltd., Nordex SE, and China Ming Yang Wind Power Group Limited.