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

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

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, Erndtebrücker 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
Erndtebrücker 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.