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

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Published: | Report ID: 7500 | Report Format : PDF

Market Insights:

Offshore wind energy farms refer to the electric energy generation plants set up near coastal areas with shallow waters. Such wind farms comprise numerous turbines that convert wind energy into electricity that can be transported to the on-shore grid through undersea cables. With increasing concerns pertaining to traditional methods of energy generation, there has been an increasing adoption of renewable energy across the world. Wind energy has offered viable solutions to harnessing electricity through the strong and limitless winds blowing in most regions of the world.

Over the past few decades, on-shore wind energy farms have gained immense popularity on account of the ease of adoption and convenience of connecting the wind farm to the local energy grid. However, factors such as higher power generation capacity and the minimal need to acquire land have led to the growing adoption of offshore wind energy farms. Moreover, on account of the high-speed nature of offshore winds, similar turbines are able to generate significantly more power as compared to on-shore winds. As a result, investments in offshore wind energy farms have increased in recent years.

Government initiatives and investments in cleaner energy generation are one of the major factors driving growth in the offshore wind energy farms market. Numerous governments, especially in the European region, have been aggressively engaged in increasing their wind energy generation capacity in recent years. Currently, Europe accounts for about 90% of the overall offshore wind energy production across the world.

Thereby, the offshore wind energy farm market is primarily driven by activities in countries including the UK, Germany, Denmark, Belgium, the 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.

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 of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on components and a cross-sectional study across different geographies and sub-geographies.

The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of 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 toward 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 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.

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

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

 In 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, resulting in a reduction in turbine costs towards the end of the forecast period. Thereby, despite increasing sales of turbines, the segment’s revenue contribution to the overall offshore wind energy farms market is expected to be lower by the end of the forecast period.

The support structure segment is expected to grow in tandem with the turbine segment throughout the forecast period. With increasing installations of new turbines, there is expected to be a proportional demand for various types of support structures. The assembly, transportation, and installation segment are expected to witness 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 the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

In 2016, Europe dominated the overall offshore wind energy farm 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 the high level of investments in harnessing offshore wind energy and effective government policies in the European region have contributed to this high revenue share.

Moreover, with various planned projects for expansion and new installations 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 farm market in terms of revenue. With increasing investments in 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.

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 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)

List of Tables

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)

Frequently Asked Questions:

What is the size of Offshore Wind Energy Farms Market?

The market for Offshore Wind Energy Farms Market is expected to reach USD$ 5.4 Bn in 2025.

What is the Offshore Wind Energy Farms Market CAGR?

The Offshore Wind Energy Farms Market is expected to see significant CAGR growth over the coming years, at 3.9%.

What is the Forecast period considered for Offshore Wind Energy Farms Market?

The report is forecasted from 2017 -2025.

What is the base year considered for Offshore Wind Energy Farms Market?

The base year of this report is 2016.

Who are the major players in this market?

DONG Energy A/S, Vestas Wind Systems A/S, GE Renewable Energy, ADWEN Offshore, S.L., Senvion S.A., Samsung Heavy Industries Co. are some of the major players in the global market.

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