Offshore Wind Energy Market, by Component (Turbine, Substructure, and Others), by Location (Shallow Water, Transitional Water, and Deep Water), and by Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022

Description

Offshore wind energy is the technology used to generate electricity by wind using wind turbines constructed near the coastline of oceans and lakes. Offshore wind energy offers various advantages such as generation of energy from renewable sources. The energy is generated at higher speeds on offshore than on onshore, which positively impacts the market growth.

Market Dynamics

Increasing demand for renewable sources in power generation is the underlying factor driving the global offshore wind energy market growth. This is due to the stringent government regulations and policies regarding fossil fuel use, as it leads to high carbon emissions. Globally, energy related carbon dioxide emissions are expected to increase to 45 billion metric tons by 2040, according to U.S Energy Information Administration (EIA), 2013. Therefore, rising concerns about greenhouse gases is leading to high demand for renewable sources of energy, which in turn is expected to drive growth of the offshore wind market.

Key players and organizations in the market are focusing on technological advancements to increase wind energy generation and reduce production cost. According to the study by GrouPrognos AG and The Fichtner Group, the offshore technology contains significant cost reduction potential with the help of technical innovation and networking of players (partnership). For instance, in 2016, ABB Ltd. announced a strategic partnership with Aibel to deliver state-of-the-art offshore wind integration solutions. ABB is focused on delivering core high voltage direct current technology. Whereas, Aibel will take up the turnkey Engineering, procurement, and construction responsibility for offshore platforms.

Key features of the study:

This report provides in-depth analysis of offshore wind energy market and provides market size in capacity (Gigawatts) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021, as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global Offshore Wind Energy market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans
Key companies covered as a part of this study include MHI Vestas Offshore Wind, Siemens Gamesa Renewable Energy, S.A., J.J Cole Collections, Sinovel Wind Group Co., Ltd, Erndtebrucker Eisenwerk Gmbh & Co. Kg, Northland Power Inc., ABB Ltd., Ming Yang Smart Energy Group Limited, Adwen GmBH, General Electric Company, A2SEA A/S, Nexans and others
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion and marketing tactics
The global offshore wind energy market report caters to various stakeholders in this industry including investors, suppliers, offshore wind energy manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the offshore wind energy market

Detailed Segmentation:

Global Offshore Wind Energy Market, By Foundation:
- Floating
- Bottom Founded
Global Offshore Wind Energy Market, By Component:
- Turbine
- Substructure
- Others
Global Offshore Wind Energy Market, By Location:
- Shallow Water
- Transitional Water
- Deep Water
Global Offshore Wind Energy Market, By Region:
- North America
  - U.S.
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
  - Canada
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
- Europe
  - U.K.
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
  - Germany
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
  - Italy
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
  - France
  - By Foundation:
  - Floating
  - Bottom Founded
  - By End-use Type:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
  - Russia
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
  - Rest of Europe
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
- Asia Pacific
  - China
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
  - India
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
  - Japan
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
  - ASEAN
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
  - Australia
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
  - South Korea
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
  - Rest of Asia Pacific
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
- Latin America
  - Brazil
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
  - Mexico
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
  - Rest of Latin America
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
- Middle East
  - GCC
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
  - Israel
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
  - Rest of Middle East
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
- Africa
  - Northern Africa
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
  - Central Africa
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
  - South Africa
  - By Foundation:
  - Floating
  - Bottom Founded
  - By Component:
  - Turbine
  - Substructure
  - Others
  - By Location:
  - Shallow Water
  - Transitional Water
  - Deep Water
Company Profiles
- MHI Vestas Offshore Wind*
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments
  - Future Plans
- Siemens Gamesa Renewable Energy, S.A.
- J.J Cole Collections.
- Sinovel Wind Group Co., Ltd
- Erndtebrucker Eisenwerk Gmbh & Co. Kg
- Northland Power Inc.
- ABB Ltd.
- Ming Yang Smart Energy Group Limited
- Adwen GmBH
- General Electric Company
- A2SEA A/S
- Nexans

"*" marked represents similar segmentation in other categories in the respective section.

Product Code: CMI1417

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet By Foundation
- Market Snippet By Component
- Market Snippet By Location
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
- New Product Approvals/Launch
- Promotion and Marketing Initiatives
Cost Tier Down Analysis

4. Global Offshore Wind Energy Market, By Foundation, 2017 - 2028(GW)

Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 - 2028
- Segment Trends
Floating
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (GW)
Bottom Founded
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (GW)

5. Global Offshore Wind Energy Market, By Component, 2017 - 2028(GW)

Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 - 2028
- Segment Trends
Turbine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (GW)
Substructure
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (GW)
Others (Electric components, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (GW)

6. Global Offshore Wind Energy Market, By Location, 2017 - 2028(GW)

Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 - 2028
- Segment Trends
Shallow Water
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (GW)
Transitional Water
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (GW)
Deep Water
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (GW)

7. Global Offshore Wind Energy Market, By Region, 2017 - 2028(GW)

Introduction
- Market Share Analysis, By Region, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, By Region, 2017 - 2028
North America
- Market Share Analysis, By Country, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2028
- U.S.
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Market Size and Forecast, By Location, 2017 - 2028(GW)
- Canada
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Market Size and Forecast, By Location, 2017 - 2028(GW)
Europe
- Market Share Analysis, By Country, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2028
- U.K.
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Market Size and Forecast, By Location, 2017 - 2028(GW)
- Germany
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Market Size and Forecast, By Location, 2017 - 2028(GW)
- Italy
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Market Size and Forecast, By Location, 2017 - 2028(GW)
- France
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Market Size and Forecast, By Location, 2017 - 2028(GW)
- Russia
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Market Size and Forecast, By Location, 2017 - 2028(GW)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Market Size and Forecast, By Location, 2017 - 2028(GW)
Asia Pacific
- Market Share Analysis, By Country, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2028
- China
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Market Size and Forecast, By Location, 2017 - 2028(GW)
- India
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Market Size and Forecast, By Location, 2017 - 2028(GW)
- Japan
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Market Size and Forecast, By Location, 2017 - 2028(GW)
- ASEAN
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Market Size and Forecast, By Location, 2017 - 2028(GW)
- Australia
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Market Size and Forecast, By Location, 2017 - 2028(GW)
- South Korea
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Market Size and Forecast, By Location, 2017 - 2028(GW)
- Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Market Size and Forecast, By Location, 2017 - 2028(GW)
Latin America
- Market Share Analysis, By Country, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2028
- Brazil
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Market Size and Forecast, By Location, 2017 - 2028(GW)
- Mexico
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Market Size and Forecast, By Location, 2017 - 2028(GW)
- Rest of Latin America
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Market Size and Forecast, By Location, 2017 - 2028(GW)
Middle East
- Market Share Analysis, By Country, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2028
- GCC
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Israel
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Rest of Middle East
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
Africa
- Market Share Analysis, By Sub-region, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, By Sub-region, 2017 - 2028
- Northern Africa
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- Central Africa
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)
- South Africa
- Country Trends
- Market Size and Forecast, By Foundation, 2017 - 2028(GW)
- Market Size and Forecast, By Component, 2017 - 2028(GW)

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- MHI Vestas Offshore Wind
- Company Overview
- Bidet Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Siemens Gamesa Renewable Energy, S.A.
- Company Overview
- Bidet Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- J.J Cole Collections
- Company Overview
- Bidet Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Sinovel Wind Group Co., Ltd
- Company Overview
- Bidet Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Erndtebrucker Eisenwerk Gmbh & Co. Kg
- Company Overview
- Bidet Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Northland Power Inc.
- Company Overview
- Bidet Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Ming Yang Smart Energy Group Limited
- Company Overview
- Bidet Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Adwen GmBH
- Company Overview
- Bidet Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- General Electric Company
- Company Overview
- Bidet Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- A2SEA A/S
- Company Overview
- Bidet Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Nexans
- Company Overview
- Bidet Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
Analyst Views

9. Section

References
Research Methodology
About us and Sales Contact
Browse 23 market data tables* and 18 figures* on "Offshore Wind Energy Market" - Global forecast to 2028.

Offshore Wind Energy Market, by Component (Turbine, Substructure, and Others), by Location (Shallow Water, Transitional Water, and Deep Water), and by Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022 - 2028