Home / Energy / Offshore Wind Energy Farms Market By Component (Turbines, Support Structure, Electrical Infrastructure, Assembly, Transportation And Installation) - Growth, Future Prospects And Competitive Analysis 2017 – 2025

Offshore Wind Energy Farms Market By Component (Turbines, Support Structure, Electrical Infrastructure, Assembly, Transportation And Installation) - Growth, Future Prospects And Competitive Analysis 2017 – 2025

Published: May 2017 | Report Code: 58448-05-17

Offshore wind energy farms refer to the electric energy generation plants set-up near the coastal areas with shallow waters. Such wind farms comprise numerous turbines which convert wind energy into electricity which can be transported to on-shore grid through undersea cables. With increasing concerns pertaining to traditional methods of energy generation, there has been an increasing adoption of renewal energy across the world. Wind energy has offered a viable solutions to harness electricity through strong and limitless winds blowing in most regions of the world. Over the past few decades, on-shore wind energy farms had gained immense popularity on account of ease of adoptions and convenience in connecting the wind farm to the local energy grid. However, factors such as higher power generation capacity and minimal need to acquire land have led to the growing adoption of off-shore wind energy farms. Moreover, on account of the high speed nature of off-shore winds, similar turbines are able to generate significantly more power as compared to the on-shore winds. Thereby, off-shore wind energy farms have witnessed increased investments in the recent years.

One of the major factors driving growth in the off-shore wind energy farms market is government initiatives and investments towards cleaner energy generations. Numerous governments, especially in the European region, have been aggressively engaged in increasing their wind energy generation capacity in the recent years. Currently, Europe attributes to about 90% of the overall off-shore wind energy production across the world. Thereby, the off-shore wind energy farm market is primarily driven by activities in countries including UK, Germany, Denmark, Belgium, Netherlands and Sweden, among others. However, with increasing demand from numerous countries such as China, Japan, India and South Korea, the Asia Pacific region is expected to witness significant growth during the forecast period from 2017 to 2025.

Offshore Wind Energy Farms Market

The report titled “Global Off-shore Wind Energy Farms Market- Growth, Future Prospects and Competitive Analysis, 2017 – 2025” offers strategic insights into the global offshore wind energy farms market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on components and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report covers a section providing qualitative insights on various government initiatives and future planning towards offshore wind energy generation.

In order to help strategic decision makers, the report also includes competitive profiling of the leading providers in the offshore wind energy industry, market positioning and key developments. Some of the major players profiled in the report are Siemens Wind Power GmbH & Co.KG, DONG Energy A/S, Vestas Wind Systems A/S, GE Renewable Energy, ADWEN Offshore, S.L., Senvion S.A., Samsung Heavy Industries Co. Ltd., Suzlon Energy Limited, Nordex SE and Sinovel Wind Group Co., Ltd.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the offshore wind energy industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2015 – 2016)

Overall, the research study provides a holistic view of the global offshore wind energy farms market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Offshore Wind Energy Farms Market
2.2 Global Offshore Wind Energy Farms Market, By Component
2.3 Global Offshore Wind Energy Farms Market, By Geography

Chapter 3 Market Dynamics
3.1 Product Insights and Market Overview
3.1.1 Global Offshore Wind Energy Farms Market Revenue and Growth, 2015 – 2025, (US$ Bn) (Y-o-Y %)
3.2 Key Market Trends and Future Outlook
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.4.1 Impact Analysis of Drivers and Restraints
3.5 Attractive Investment Proposition
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Vendors
3.6.2 Key Strategies adopted by the Leading Players

Chapter 4 Global Offshore Wind Energy Farms Market Analysis, by Component
4.1 Market Analysis
4.2 Turbines
4.3 Support Structure
4.4 Electrical Infrastructure
4.5 Assembly, Transportation and Installation

Chapter 5 North America Offshore Wind Energy Farms Market Analysis
5.1 Overview
5.2 North America Offshore Wind Energy Farms Market Analysis, By Component, 2015 – 2025
5.2.1 Market Analysis
5.3 North America Offshore Wind Energy Farms Market Analysis, By Region, 2015 – 2025
5.3.1 U.S.
5.3.2 Rest of North America

Chapter 6 Europe Offshore Wind Energy Farms Market Analysis
6.1 Overview
6.2 Europe Offshore Wind Energy Farms Market Analysis, By Component, 2015 – 2025
6.2.1 Market Analysis
6.3 Europe Offshore Wind Energy Farms Market Analysis, By Region, 2015 – 2025
6.3.1 U.K.
6.3.2 Germany
6.3.3 Denmark
6.3.4 Belgium
6.3.5 Netherlands
6.3.6 Sweden
6.3.7 Rest of Europe

Chapter 7 Asia Pacific Offshore Wind Energy Farms Market Analysis
7.1 Overview
7.2 Asia Pacific Offshore Wind Energy Farms Market Analysis, By Component, 2015 – 2025
7.2.1 Market Analysis
7.3 Asia Pacific Offshore Wind Energy Farms Market Analysis, By Region, 2015 – 2025
7.3.1 China
7.3.2 Japan
7.3.3 South Korea
7.3.4 India
7.3.5 Rest of Asia Pacific

Chapter 8 Rest of the World (RoW) Offshore Wind Energy Farms Market Analysis
8.1 Overview
8.2 RoW Offshore Wind Energy Farms Market Analysis, By Component, 2015 – 2025
8.2.1 Market Analysis
8.3 RoW Offshore Wind Energy Farms Market Analysis, By Region, 2015 – 2025
8.3.1 Middle East & Africa (MEA)
8.3.2 Latin America

Chapter 9 Company Profiles
9.1 Siemens Wind Power GmbH & Co.KG
9.2 DONG Energy A/S
9.3 Vestas Wind Systems A/S
9.4 GE Renewable Energy
9.5 ADWEN Offshore, S.L.
9.6 Senvion S.A.
9.7 Samsung Heavy Industries Co. Ltd.
9.8 Suzlon Energy Limited
9.9 Nordex SE
9.10 Sinovel Wind Group Co., Ltd.

List Of Table : 

TABLE 1 Market Snapshot: Global Offshore Wind Energy Farms Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Offshore Wind Energy Farms Market Revenue, By Component, 2015 – 2025 (US$ Bn)
TABLE 5 Europe Offshore Wind Energy Farms Market Revenue, By Component, 2015 – 2025 (US$ Bn)
TABLE 6 Asia Pacific Offshore Wind Energy Farms Market Revenue, By Component, 2015 – 2025 (US$ Bn)
TABLE 7 RoW Offshore Wind Energy Farms Market Revenue, By Component, 2015 – 2025 (US$ Bn)
TABLE 8 Siemens Wind Power GmbH & Co.KG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 9 DONG Energy A/S: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 10 Vestas Wind Systems A/S: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 11 GE Renewable Energy: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 12 ADWEN Offshore, S.L.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 13 Senvion S.A.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 14 Samsung Heavy Industries Co. Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 15 Suzlon Energy Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 16 Nordex SE: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 17 Sinovel Wind Group Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)

List Of Figures : 

FIG. 1 Global Offshore Wind Energy Farms: Market Segmentation
FIG. 2 Global Offshore Wind Energy Farms Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Offshore Wind Energy Farms Market, By Component, 2016 (US$ Bn)
FIG. 5 Global Offshore Wind Energy Farms Market, By Geography, 2016 (US$ Bn)
FIG. 6 Global Offshore Wind Energy Farms Market Revenue and Growth, 2015 – 2025, (US$ Bn) (Y-o-Y %)
FIG. 7 Attractive Investment Proposition
FIG. 8 Market Positioning of Key Offshore Wind Energy Farms Vendors, 2016
FIG. 9 Global Offshore Wind Energy Farms Market Revenue Contribution, By Component, 2016 & 2025 (Value %)
FIG. 10 Global Offshore Wind Energy Farms Market Revenue by Turbines, 2015 – 2025, (US$ Bn)
FIG. 11 Global Offshore Wind Energy Farms Market Revenue by Support Structure, 2015 – 2025, (US$ Bn)
FIG. 12 Global Offshore Wind Energy Farms Market Revenue by Electrical Infrastructure, 2015 – 2025, (US$ Bn)
FIG. 13 Global Offshore Wind Energy Farms Market Revenue by Assembly, Transportation and Installation, 2015 – 2025, (US$ Bn)
FIG. 14 North America Offshore Wind Energy Farms Market Revenue, 2015 – 2025, (US$ Bn)
FIG. 15 Europe Offshore Wind Energy Farms Market Revenue, 2015 – 2025, (US$ Bn)
FIG. 16 Asia Pacific Offshore Wind Energy Farms Market Revenue, 2015 – 2025, (US$ Bn)
FIG. 17 RoW Offshore Wind Energy Farms Market Revenue, 2015 – 2025, (US$ Bn)

 

The global offshore wind energy farms market is segmented, based on component, into following categories

  • Turbines
  • Support Structure
  • Electrical Infrastructure
  • Assembly, Transportation and Installation

Offshore Wind Energy Farms Market

In the 2016, the turbines segment held the largest share in terms of revenue in the overall design and implementation of wind energy farms across the world. Some of the leading providers of wind energy turbines included Siemens, Adwen, Vestas, and Senvion, among others. With increasing production capacity, companies are expected to achieve better economies of scale thereby, resulting in reduction of turbine costs towards the end of the forecast period. Thereby, despite increasing sales of turbines, the segment’s revenue contribution in the overall offshore wind energy farms market is expected to lower by the end of the forecast period.

The support structure segment is expected to grow in tandem with the turbines segment throughout the forecast period. With increasing installations of new turbines, there is expected to be proportional demand for various types of support structures. The assembly, transportation and installation segment is expected to witness a higher growth on account of increasing demand for various design and consultation services.

The global offshore wind energy farms market has been segmented, on the basis of geographical regions, as per following regions and countries:

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • Denmark
    • Belgium
    • Netherlands
    • Sweden
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • Middle East and Africa (MEA)
    • Latin America

Offshore Wind Energy Farms Market

In 2016, Europe dominated the overall offshore wind energy farms market in terms of both revenue and production capacity. The segment contributed to more than 90% of the overall market across the world. Factors such as high level of investments towards harnessing offshore wind energy and effective government policies in the European region have resulted in such high revenue share. Moreover, with various planned projects for expansion and new installation of offshore wind energy farms, the Europe region offers immense growth opportunities in the following years.

Asia Pacific and North America followed Europe in the overall offshore wind energy farms market in terms of revenue. With increasing investments towards offshore wind energy in countries including China, Japan, South Korea and India, the Asia Pacific market is expected to witness the fastest growth during the forecast period.

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