According to Stratistics MRC, the Global Offshore Wind Market is accounted for $26.25 billion in 2017 and is expected to reach $99.87 billion by 2026 growing at a CAGR of 16.0% during the forecast period. Rising share of renewable in the power generation mix and government incentives following renewable energy deployment are some of the factors propelling the market growth. However, high capital cost and maintenance and logistics issues are hindering the market growth.
Offshore wind power is generated from wind farms constructed in the ocean on the continental shelf. These wind farms are installed in the ocean for energy harvesting purpose. Offshore medium offers greater wind speed as compared to offshore medium.
Based on Location, Shallow Water (< 30m Depth) segment witnessed steady growth during the forecast period due to the expansion of shallow water is normally cost effective owing to better weather conditions, whereas, installing wind turbines in deep water becomes expensive due to high maintenance cost.
By geography, Asia Pacific holds the largest market share during the forecast period due to rising urbanization & industrialization, technological advancement and clean energy consumption are some of the factors propelling the market growth in this region.
Some of the key players profiled in the Offshore Wind Market include Siemens AG, ABB, Ltd., General Electric Company, Adwen, Eew Group, A2 SEA, Sinovel Wind Group Co., Nordex SE, Senvion SA, Nexans S.A. , MHI Vestas Offshore Wind A/S and Ming Yang Smart Energy Group Co.
Locations Covered:
• Deep Water (> 60m Depth)
• Transitional Water (30m - 60m Depth)
• Shallow Water (< 30m Depth)
Components Covered:
• Electrical Infrastructure
• Substructure
• Turbine
• Other Components
Classifications Covered:
• Type I
• Type II
• Type III
Applications Covered:
• Soil Monitoring
• Yield Monitoring
• Scouting
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Offshore Wind Market, By Location
5.1 Introduction
5.2 Deep Water (> 60m Depth)
5.3 Transitional Water (30m - 60m Depth)
5.4 Shallow Water (< 30m Depth)
6 Global Offshore Wind Market, By Component
6.1 Introduction
6.2 Electrical Infrastructure
6.3 Substructure
6.3.1 Jacket and Gravity Based
6.3.2 Monopile
6.3.3 Other Substructures
6.3.3.1 Tripiles
6.3.3.2 Floating
6.3.3.3 Suction Bucket
6.3.3.4 Tripods
6.4 Turbine
6.4.1 Rotors and Blades
6.4.2 Tower
6.4.3 Nacelle
6.5 Other Components
6.5.1 Installation and Assembly
6.5.2 Logistics and Transportation
7 Global Offshore Wind Market, By Classification
7.1 Introduction
7.2 Type I
7.3 Type II
7.4 Type III
8 Global Offshore Wind Market, By Application
8.1 Introduction
8.2 Soil Monitoring
8.3 Yield Monitoring
8.4 Scouting
8.5 Other Applications
9 Global Offshore Wind Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.9 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Siemens AG
11.2 ABB, Ltd.
11.3 General Electric Company
11.4 Adwen
11.5 Eew Group
11.6 A2 SEA
11.7 Sinovel Wind Group Co.
11.8 Nordex SE
11.9 Senvion SA
11.10 Nexans S.A.
11.11 MHI Vestas Offshore Wind A/S
11.12 Ming Yang Smart Energy Group Co.
List of Tables
Table 1 Global Offshore Wind Market Outlook, By Region (2016-2026) (US $MN)
Table 2 Global Offshore Wind Market Outlook, By Location (2016-2026) (US $MN)
Table 3 Global Offshore Wind Market Outlook, By Deep Water (> 60m Depth) (2016-2026) (US $MN)
Table 4 Global Offshore Wind Market Outlook, By Transitional Water (30m - 60m Depth) (2016-2026) (US $MN)
Table 5 Global Offshore Wind Market Outlook, By Shallow Water (< 30m Depth) (2016-2026) (US $MN)
Table 6 Global Offshore Wind Market Outlook, By Component (2016-2026) (US $MN)
Table 7 Global Offshore Wind Market Outlook, By Electrical Infrastructure (2016-2026) (US $MN)
Table 8 Global Offshore Wind Market Outlook, By Substructure (2016-2026) (US $MN)
Table 9 Global Offshore Wind Market Outlook, By Jacket and Gravity Based (2016-2026) (US $MN)
Table 10 Global Offshore Wind Market Outlook, By Monopile (2016-2026) (US $MN)
Table 11 Global Offshore Wind Market Outlook, By Other Types (2016-2026) (US $MN)
Table 12 Global Offshore Wind Market Outlook, By Turbine (2016-2026) (US $MN)
Table 13 Global Offshore Wind Market Outlook, By Rotors and Blades (2016-2026) (US $MN)
Table 14 Global Offshore Wind Market Outlook, By Tower (2016-2026) (US $MN)
Table 15 Global Offshore Wind Market Outlook, By Nacelle (2016-2026) (US $MN)
Table 16 Global Offshore Wind Market Outlook, By Other Components (2016-2026) (US $MN)
Table 17 Global Offshore Wind Market Outlook, By Installation and Assembly (2016-2026) (US $MN)
Table 18 Global Offshore Wind Market Outlook, By Logistics and Transportation (2016-2026) (US $MN)
Table 19 Global Offshore Wind Market Outlook, By Classification (2016-2026) (US $MN)
Table 20 Global Offshore Wind Market Outlook, By Type I (2016-2026) (US $MN)
Table 21 Global Offshore Wind Market Outlook, By Type II (2016-2026) (US $MN)
Table 22 Global Offshore Wind Market Outlook, By Type III (2016-2026) (US $MN)
Table 23 Global Offshore Wind Market Outlook, By Application (2016-2026) (US $MN)
Table 24 Global Offshore Wind Market Outlook, By Soil Monitoring (2016-2026) (US $MN)
Table 25 Global Offshore Wind Market Outlook, By Yield Monitoring (2016-2026) (US $MN)
Table 26 Global Offshore Wind Market Outlook, By Scouting (2016-2026) (US $MN)
Table 27 Global Offshore Wind Market Outlook, By Other Applications (2016-2026) (US $MN)
Table 28 North America Offshore Wind Market Outlook, By Country (2016-2026) (US $MN)
Table 29 North America Offshore Wind Market Outlook, By Location (2016-2026) (US $MN)
Table 30 North America Offshore Wind Market Outlook, By Deep Water (> 60m Depth) (2016-2026) (US $MN)
Table 31 North America Offshore Wind Market Outlook, By Transitional Water (30m - 60m Depth) (2016-2026) (US $MN)
Table 32 North America Offshore Wind Market Outlook, By Shallow Water (< 30m Depth) (2016-2026) (US $MN)
Table 33 North America Offshore Wind Market Outlook, By Component (2016-2026) (US $MN)
Table 34 North America Offshore Wind Market Outlook, By Electrical Infrastructure (2016-2026) (US $MN)
Table 35 North America Offshore Wind Market Outlook, By Substructure (2016-2026) (US $MN)
Table 36 North America Offshore Wind Market Outlook, By Jacket and Gravity Based (2016-2026) (US $MN)
Table 37 North America Offshore Wind Market Outlook, By Monopile (2016-2026) (US $MN)
Table 38 North America Offshore Wind Market Outlook, By Other Types (2016-2026) (US $MN)
Table 39 North America Offshore Wind Market Outlook, By Turbine (2016-2026) (US $MN)
Table 40 North America Offshore Wind Market Outlook, By Rotors and Blades (2016-2026) (US $MN)
Table 41 North America Offshore Wind Market Outlook, By Tower (2016-2026) (US $MN)
Table 42 North America Offshore Wind Market Outlook, By Nacelle (2016-2026) (US $MN)
Table 43 North America Offshore Wind Market Outlook, By Other Components (2016-2026) (US $MN)
Table 44 North America Offshore Wind Market Outlook, By Installation and Assembly (2016-2026) (US $MN)
Table 45 North America Offshore Wind Market Outlook, By Logistics and Transportation (2016-2026) (US $MN)
Table 46 North America Offshore Wind Market Outlook, By Classication (2016-2026) (US $MN)
Table 47 North America Offshore Wind Market Outlook, By Type I (2016-2026) (US $MN)
Table 48 North America Offshore Wind Market Outlook, By Type II (2016-2026) (US $MN)
Table 49 North America Offshore Wind Market Outlook, By Type III (2016-2026) (US $MN)
Table 50 North America Offshore Wind Market Outlook, By Application (2016-2026) (US $MN)
Table 51 North America Offshore Wind Market Outlook, By Soil Monitoring (2016-2026) (US $MN)
Table 52 North America Offshore Wind Market Outlook, By Yield Monitoring (2016-2026) (US $MN)
Table 53 North America Offshore Wind Market Outlook, By Scouting (2016-2026) (US $MN)
Table 54 North America Offshore Wind Market Outlook, By Other Applications (2016-2026) (US $MN)
Table 55 Europe Offshore Wind Market Outlook, By Country (2016-2026) (US $MN)
Table 56 Europe Offshore Wind Market Outlook, By Location (2016-2026) (US $MN)
Table 57 Europe Offshore Wind Market Outlook, By Deep Water (> 60m Depth) (2016-2026) (US $MN)
Table 58 Europe Offshore Wind Market Outlook, By Transitional Water (30m - 60m Depth) (2016-2026) (US $MN)
Table 59 Europe Offshore Wind Market Outlook, By Shallow Water (< 30m Depth) (2016-2026) (US $MN)
Table 60 Europe Offshore Wind Market Outlook, By Component (2016-2026) (US $MN)
Table 61 Europe Offshore Wind Market Outlook, By Electrical Infrastructure (2016-2026) (US $MN)
Table 62 Europe Offshore Wind Market Outlook, By Substructure (2016-2026) (US $MN)
Table 63 Europe Offshore Wind Market Outlook, By Jacket and Gravity Based (2016-2026) (US $MN)
Table 64 Europe Offshore Wind Market Outlook, By Monopile (2016-2026) (US $MN)
Table 65 Europe Offshore Wind Market Outlook, By Other Types (2016-2026) (US $MN)
Table 66 Europe Offshore Wind Market Outlook, By Turbine (2016-2026) (US $MN)
Table 67 Europe Offshore Wind Market Outlook, By Rotors and Blades (2016-2026) (US $MN)
Table 68 Europe Offshore Wind Market Outlook, By Tower (2016-2026) (US $MN)
Table 69 Europe Offshore Wind Market Outlook, By Nacelle (2016-2026) (US $MN)
Table 70 Europe Offshore Wind Market Outlook, By Other Components (2016-2026) (US $MN)
Table 71 Europe Offshore Wind Market Outlook, By Installation and Assembly (2016-2026) (US $MN)
Table 72 Europe Offshore Wind Market Outlook, By Logistics and Transportation (2016-2026) (US $MN)
Table 73 Europe Offshore Wind Market Outlook, By Classification (2016-2026) (US $MN)
Table 74 Europe Offshore Wind Market Outlook, By Type I (2016-2026) (US $MN)
Table 75 Europe Offshore Wind Market Outlook, By Type II (2016-2026) (US $MN)
Table 76 Europe Offshore Wind Market Outlook, By Type III (2016-2026) (US $MN)
Table 77 Europe Offshore Wind Market Outlook, By Application (2016-2026) (US $MN)
Table 78 Europe Offshore Wind Market Outlook, By Soil Monitoring (2016-2026) (US $MN)
Table 79 Europe Offshore Wind Market Outlook, By Yield Monitoring (2016-2026) (US $MN)
Table 80 Europe Offshore Wind Market Outlook, By Scouting (2016-2026) (US $MN)
Table 81 Europe Offshore Wind Market Outlook, By Other Applications (2016-2026) (US $MN)
Table 82 Asia Pacific Offshore Wind Market Outlook, By Country (2016-2026) (US $MN)
Table 83 Asia Pacific Offshore Wind Market Outlook, By Location (2016-2026) (US $MN)
Table 84 Asia Pacific Offshore Wind Market Outlook, By Deep Water (> 60m Depth) (2016-2026) (US $MN)
Table 85 Asia Pacific Offshore Wind Market Outlook, By Transitional Water (30m - 60m Depth) (2016-2026) (US $MN)
Table 86 Asia Pacific Offshore Wind Market Outlook, By Shallow Water (< 30m Depth) (2016-2026) (US $MN)
Table 87 Asia Pacific Offshore Wind Market Outlook, By Component (2016-2026) (US $MN)
Table 88 Asia Pacific Offshore Wind Market Outlook, By Electrical Infrastructure (2016-2026) (US $MN)
Table 89 Asia Pacific Offshore Wind Market Outlook, By Substructure (2016-2026) (US $MN)
Table 90 Asia Pacific Offshore Wind Market Outlook, By Jacket and Gravity Based (2016-2026) (US $MN)
Table 91 Asia Pacific Offshore Wind Market Outlook, By Monopile (2016-2026) (US $MN)
Table 92 Asia Pacific Offshore Wind Market Outlook, By Other Types (2016-2026) (US $MN)
Table 93 Asia Pacific Offshore Wind Market Outlook, By Turbine (2016-2026) (US $MN)
Table 94 Asia Pacific Offshore Wind Market Outlook, By Rotors and Blades (2016-2026) (US $MN)
Table 95 Asia Pacific Offshore Wind Market Outlook, By Tower (2016-2026) (US $MN)
Table 96 Asia Pacific Offshore Wind Market Outlook, By Nacelle (2016-2026) (US $MN)
Table 97 Asia Pacific Offshore Wind Market Outlook, By Other Components (2016-2026) (US $MN)
Table 98 Asia Pacific Offshore Wind Market Outlook, By Installation and Assembly (2016-2026) (US $MN)
Table 99 Asia Pacific Offshore Wind Market Outlook, By Logistics and Transportation (2016-2026) (US $MN)
Table 100 Asia Pacific Offshore Wind Market Outlook, By Classification (2016-2026) (US $MN)
Table 101 Asia Pacific Offshore Wind Market Outlook, By Type I (2016-2026) (US $MN)
Table 102 Asia Pacific Offshore Wind Market Outlook, By Type II (2016-2026) (US $MN)
Table 103 Asia Pacific Offshore Wind Market Outlook, By Type III (2016-2026) (US $MN)
Table 104 Asia Pacific Offshore Wind Market Outlook, By Application (2016-2026) (US $MN)
Table 105 Asia Pacific Offshore Wind Market Outlook, By Soil Monitoring (2016-2026) (US $MN)
Table 106 Asia Pacific Offshore Wind Market Outlook, By Yield Monitoring (2016-2026) (US $MN)
Table 107 Asia Pacific Offshore Wind Market Outlook, By Scouting (2016-2026) (US $MN)
Table 108 Asia Pacific Offshore Wind Market Outlook, By Other Applications (2016-2026) (US $MN)
Table 109 South America Offshore Wind Market Outlook, By Country (2016-2026) (US $MN)
Table 110 South America Offshore Wind Market Outlook, By Location (2016-2026) (US $MN)
Table 111 South America Offshore Wind Market Outlook, By Deep Water (> 60m Depth) (2016-2026) (US $MN)
Table 112 South America Offshore Wind Market Outlook, By Transitional Water (30m - 60m Depth) (2016-2026) (US $MN)
Table 113 South America Offshore Wind Market Outlook, By Shallow Water (< 30m Depth) (2016-2026) (US $MN)
Table 114 South America Offshore Wind Market Outlook, By Component (2016-2026) (US $MN)
Table 115 South America Offshore Wind Market Outlook, By Electrical Infrastructure (2016-2026) (US $MN)
Table 116 South America Offshore Wind Market Outlook, By Substructure (2016-2026) (US $MN)
Table 117 South America Offshore Wind Market Outlook, By Jacket and Gravity Based (2016-2026) (US $MN)
Table 118 South America Offshore Wind Market Outlook, By Monopile (2016-2026) (US $MN)
Table 119 South America Offshore Wind Market Outlook, By Other Types (2016-2026) (US $MN)
Table 120 South America Offshore Wind Market Outlook, By Turbine (2016-2026) (US $MN)
Table 121 South America Offshore Wind Market Outlook, By Rotors and Blades (2016-2026) (US $MN)
Table 122 South America Offshore Wind Market Outlook, By Tower (2016-2026) (US $MN)
Table 123 South America Offshore Wind Market Outlook, By Nacelle (2016-2026) (US $MN)
Table 124 South America Offshore Wind Market Outlook, By Other Components (2016-2026) (US $MN)
Table 125 South America Offshore Wind Market Outlook, By Installation and Assembly (2016-2026) (US $MN)
Table 126 South America Offshore Wind Market Outlook, By Logistics and Transportation (2016-2026) (US $MN)
Table 127 South America Offshore Wind Market Outlook, By Classification (2016-2026) (US $MN)
Table 128 South America Offshore Wind Market Outlook, By Type I (2016-2026) (US $MN)
Table 129 South America Offshore Wind Market Outlook, By Type II (2016-2026) (US $MN)
Table 130 South America Offshore Wind Market Outlook, By Type III (2016-2026) (US $MN)
Table 131 South America Offshore Wind Market Outlook, By Application (2016-2026) (US $MN)
Table 132 South America Offshore Wind Market Outlook, By Soil Monitoring (2016-2026) (US $MN)
Table 133 South America Offshore Wind Market Outlook, By Yield Monitoring (2016-2026) (US $MN)
Table 134 South America Offshore Wind Market Outlook, By Scouting (2016-2026) (US $MN)
Table 135 South America Offshore Wind Market Outlook, By Other Applications (2016-2026) (US $MN)
Table 136 Middle East & Africa Offshore Wind Market Outlook, By Country (2016-2026) (US $MN)
Table 137 Middle East & Africa Offshore Wind Market Outlook, By Location (2016-2026) (US $MN)
Table 138 Middle East & Africa Offshore Wind Market Outlook, By Deep Water (> 60m Depth) (2016-2026) (US $MN)
Table 139 Middle East & Africa Offshore Wind Market Outlook, By Transitional Water (30m - 60m Depth) (2016-2026) (US $MN)
Table 140 Middle East & Africa Offshore Wind Market Outlook, By Shallow Water (< 30m Depth) (2016-2026) (US $MN)
Table 141 Middle East & Africa Offshore Wind Market Outlook, By Component (2016-2026) (US $MN)
Table 142 Middle East & Africa Offshore Wind Market Outlook, By Electrical Infrastructure (2016-2026) (US $MN)
Table 143 Middle East & Africa Offshore Wind Market Outlook, By Substructure (2016-2026) (US $MN)
Table 144 Middle East & Africa Offshore Wind Market Outlook, By Jacket and Gravity Based (2016-2026) (US $MN)
Table 145 Middle East & Africa Offshore Wind Market Outlook, By Monopile (2016-2026) (US $MN)
Table 146 Middle East & Africa Offshore Wind Market Outlook, By Other Types (2016-2026) (US $MN)
Table 147 Middle East & Africa Offshore Wind Market Outlook, By Turbine (2016-2026) (US $MN)
Table 148 Middle East & Africa Offshore Wind Market Outlook, By Rotors and Blades (2016-2026) (US $MN)
Table 149 Middle East & Africa Offshore Wind Market Outlook, By Tower (2016-2026) (US $MN)
Table 150 Middle East & Africa Offshore Wind Market Outlook, By Nacelle (2016-2026) (US $MN)
Table 151 Middle East & Africa Offshore Wind Market Outlook, By Other Components (2016-2026) (US $MN)
Table 152 Middle East & Africa Offshore Wind Market Outlook, By Installation and Assembly (2016-2026) (US $MN)
Table 153 Middle East & Africa Offshore Wind Market Outlook, By Logistics and Transportation (2016-2026) (US $MN)
Table 154 Middle East & Africa Offshore Wind Market Outlook, By Classification (2016-2026) (US $MN)
Table 155 Middle East & Africa Offshore Wind Market Outlook, By Type I (2016-2026) (US $MN)
Table 156 Middle East & Africa Offshore Wind Market Outlook, By Type II (2016-2026) (US $MN)
Table 157 Middle East & Africa Offshore Wind Market Outlook, By Type III (2016-2026) (US $MN)
Table 158 Middle East & Africa Offshore Wind Market Outlook, By Application (2016-2026) (US $MN)
Table 159 Middle East & Africa Offshore Wind Market Outlook, By Soil Monitoring (2016-2026) (US $MN)
Table 160 Middle East & Africa Offshore Wind Market Outlook, By Yield Monitoring (2016-2026) (US $MN)
Table 161 Middle East & Africa Offshore Wind Market Outlook, By Scouting (2016-2026) (US $MN)
Table 162 Middle East & Africa Offshore Wind Market Outlook, By Other Applications (2016-2026) (US $MN)
Cross-segment Market Size and Analysis for
Mentioned Segments
