Offshore Wind Market, by Location, Component, and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast, 2022 - 2028

Offshore Wind Market, by Location, Component, and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast, 2022 - 2028

Offshore wind energy is the generation of electrical energy by the installation of wind turbines at sea. The wind blows faster and steadily at the sea than on land or onshore areas, that result in more stable and higher yield of energy. The main advantage of the offshore wind energy production is that it contributes to achieve the goal for renewable energy, not consume water and do not emit environmental pollutants or greenhouse gases and helps to reduce the global warming.
Market Dynamics
Major drivers propelling the global growth of the offshore wind market include the rising demand for electricity and increasing awareness about the greenhouse gases. According to the International Energy Outlook 2016, the global energy demand is set to increase from 268 mboe/d in 2013 to 399 mboe/d by 2040. Renewable energy sources are the fastest growing energy sources which in turns drives the global offshore wind market. Government regulations and current policies regarding fossil fuel use, globally energy related carbon dioxide emissions are expected to increase to 45 billion metric tons in 2040, according to U.S Energy Information Administration (EIA), therefore with increase in concerns about the greenhouse gases there is rise is demand for the renewable sources of energy which in turns drives the offshore wind market.
Key features of the study:

This report provides in-depth analysis of the offshore wind market and provides market size (US$ Bn), and Cumulative 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. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, pipeline products, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global offshore wind market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics
The global offshore wind market report caters to various stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, medical devices companies, new entrants, and financial analysts
Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the offshore wind market.

Detailed Segmentation

Global Offshore wind Market, By Location:

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

Global Offshore wind Market, By Component:

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Global Offshore wind Market, By Geography:

North America

U.S.

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Canada

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Europe

U.K.

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Germany

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Italy

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

France

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Spain

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Russia

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Rest of Europe

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Asia Pacific

China

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

India

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Japan

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

ASEAN

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Australia

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

South Korea

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Rest of Asia Pacific

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Latin America

Brazil

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Argentina

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Rest of Latin America

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Africa

Northern Africa

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Central Africa

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

South Africa

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Middle East

GCC

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Israel

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Rest of Middle-East

By Location

Deep-water (depth >60 m)
Transitional Water (depth 30-60 m)
Shallow water (depth < 30 m)

By Component

Substructure

Monopile
Jacket and Gravity Based
Others

Turbine

Rotor & Blades
Tower
Nacelle

Electrical Infrastructure
Others

Company Profiles

MHI Vestas*

Company Overview
Product Portfolio
Market Presence
Financial Overview
Key Developments
Strategies

Siemens AG
General Electric
ABB, Ltd.
EEW Group
Nexans
A2Sea

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