Market Research Report
Global Offshore Wind Energy Market Research and Forecast 2018-2023
|Published by||Orion Market Research Pvt Ltd||Product code||611077|
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|Global Offshore Wind Energy Market Research and Forecast 2018-2023|
|Published: January 24, 2018||Content info:||
The Offshore Wind Energy Market is expected to grow at the CAGR of 13.1% during 2018-2023. The variety of factors such as growing awareness towards green energy, diversified wind energy application and so on are significantly contributing in the growth of the offshore wind energy market. The market is growing rapidly as offshore winds are much steadier than on land implicating more reliable source of energy. The offshore wind farms are providing renewable energy without consumption of water and not emitting environmental pollutants or any harmful gases. The future growth of an offshore wind energy market is predicated to increase due to the increasing technological advancement and innovation of an offshore wind farms and government incentives across the globe. There are some factors that are limiting the growth of the market such as technological and economic challenge, lack of energy storage and transportation facility and unpredictable water calamity such as storms.
The Offshore Wind Energy market is segmented on the basis of application, types of foundation, depth of turbine and region. Innovation is predicted to progress due to development in offshore wind energy projects. There are long term opportunities which are boosting the market growth of offshore wind energy market which includes high potential wind source, development in field of floating wind turbines, provision of large space for big setup and generation of electricity for lifetime
Europe is currently dominating the global offshore wind market. Till 2015 EU has 90% global installations of the offshore farms. According to European Commission, in Europe, UK accounted 55%, and Germany with 36% second and rest by Belgium, Finland, Sweden, the Netherlands and so on. APAC represents a huge potential for offshore wind in countries such as China, Japan, Korea and Taiwan. India have defined ambitious plans for offshore wind market. China is leading in Asian market in generating offshore wind power; there have been anticipation from The National Energy Agency China that they are targeting 30 GW by 2020. According to Ministry of Economic Trade and Industry, Japan is doing rapid development on floating offshore wind technology and target to increase the offshore wind power usage up to 20% by 2050. South Korea and Taiwan also in the process to increase the wind power usage by 500 MW by 2020 and 4GW by 2030 respectively.
The European Wind Energy Association and Society of Energy EU shows offshore wind is more competitive than conventional and solar generation. Cost reduction driven by industry's aggressive development of new technology to adopt offshore wind projects which will give stable deployment of 4000 MW per year additionally working on improving infrastructure and manufacturing facilities and stimulate skilled work force.
The key players of Offshore Wind Energy market include: Siemens Wind Power, Vestas Wind System, Goldwind Science and Technology Co. Ltd., Gamesa Corporation, GE Wind Energy, Dong Energy and China Ming Yang Wind Power Group Ltd. These companies are focusing on product innovations, expansions, gaining market share and leaning towards green energy. Siemens wind power installed offshore wind energy projects at London Array U.K in 2013, then in year 2015 at DanTysk Germany followed by Gemini Netherlands installed in 2016.
The report also includes detailed market overview, strategic recommendations, key company analysis, key findings, recommendation, analyst insights, predictive analysis, market determinants, market segmentation and company profiling of the market.
Offshore Wind Energy Market Research and Analysis, by Application
Offshore Wind Energy Market Research and Analysis, by Types of Foundation
Offshore Wind Energy Market Research and Analysis, by Depth of Turbine
The Report covers
Comprehensive research methodology of Offshore Wind Energy Market.
This report also includes detailed and extensive market overview with Analyst Insights & key market trends.
Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the Offshore Wind Energy Market.
Insights about market determinants which are stimulating the Offshore Wind Energy Market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.