Geotechnical Services for Offshore Wind Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Geotechnical Services for Offshore Wind Market
The geotechnical services for offshore wind market size were valued at USD 90.71 million in 2022, and the market is now projected to grow from USD 105.68 billion in 2023 to USD 332.33 million by 2030, exhibiting a CAGR of 17.78% during the forecast period of 2023-2030.
Government has put restrictions on social gatherings, events and moving out from home which make the people homesick. Numerous companies are encountering hurdles due to covid pandemic as the outbreak situation has curtailed production and supply chain which has hindered the market switched to treating covid patients as priority over the other procedures which led the geotechnical services for offshore wind market growth. Additionally, manpower shortages affected manufacturing plants and slowed production due to movement restrictions and lockdowns in several regions. Stopped providing on-site maintenance and installations market growth sputtered amid the pandemic.
Growing trend of renewable energy infrastructure to fuel geotechnical services for offshore wind market growth during forecast period. Because of changes in client lifestyles and technological advancements, end-user energy consumption has peaked in recent years. A move toward renewable energy is also occurring since it is the long-term answer for nations looking to lessen their reliance on fossil fuels. The market is expanding due to the increased benefits of offshore conditions and geotechnical services.
Growing public and private sector initiatives to cut carbon emissions are a major industry trend during forecast period. Examining the offshore site, which may serve as the foundation for wind-powered projects and other platforms, is what is meant by the geotechnical services for offshore wind. A branch of geotechnical engineering called ""offshore wind geotechnical services"" is concerned with offshore land exams, project planning, foundation design, building, and structural maintenance. It also uses cutting-edge machinery to collect and examine the data.
Comprehensive Analysis of Geotechnical Services for Offshore Wind Market
The geotechnical services for offshore wind market and power & energy industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the power & energy benefit management industry. These segmentations are methodically segregated by service. The Service segmentations include Cone Penetrating Testing (CPT), Pressuremeter Testing, Dynamic Probe Test (DPSH), and others.
The Asia Pacific region lead the geotechnical services for offshore wind market by benefitting a market size of USD 45.90 million in 2022 due to Leading countries' participation and accomplishments in offshore wind geotechnical services.
The top players in the market play a crucial role in the power & energy industry assuring industrial prospectus growth and setting market standards. These players include, Fugro (Netherlands), Helms Geomarine (Malaysia), EGS Survey (Singapore), Acteon (U.K.), Geoquip Marine (Switzerland), Horizon Geosciences (UAE), Sarathy Geotech & Engineering Services Pvt. Ltd (India), Gardline Limited (England), Geoxyz (Belgium), Coastal Marine Construction & Engineering Ltd. (COMACOE) (India), JAVA Offshore (Indonesia), ABL Group (Norway) these market players provide a level-playing competitive landscape.
In June 2023, Geoquip Marine Operations has been contracted by Hartshead Resources NL (HHR), an oil and gas services company, to conduct a geotechnical survey for field developments in the Southern North Sea.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 17.78% from 2023 to 2030
Unit Value (USD Million)
Segmentation By Service and By Region
Segmentation By Service
Cone Penetrating Testing (CPT)
Pressuremeter Testing
Dynamic Probe Test (DPSH)
Others
By Region
North America (By Service and by Country)
U.S.
Canada
Europe (By Service and by Country)
Germany
U.K.
Netherland
Belgium
Denmark
Rest of Europe
Asia Pacific (By Service and by Country)
China
South Korea
Japan
Taiwan
Rest of Asia Pacific
Rest of the World (By Service)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions & Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Insight on Regulatory Landscape
- 4.4. Porters Five Forces Analysis
- 4.5. Impact of COVID-19 on the Geotechnical Services for Offshore Wind Market
- 5. Global Geotechnical Services for Offshore Wind Market (USD Million) Analysis, Insights, and Forecast, 2019-2030
- 5.1. Key Findings
- 5.2. Market Analysis, Insights, and Forecast – By Service
- 5.2.1. Cone Penetrating Testing (CPT)
- 5.2.2. Pressuremeter Testing
- 5.2.3. Dynamic Probe Test (DPSH)
- 5.2.4. Others
- 5.3. Market Analysis, Insights, and Forecast – By Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Rest of the World
- 6. North America Geotechnical Services for Offshore Wind Market (USD Million) Analysis, Insights, and Forecast, 2019-2030
- 6.1. Key Findings
- 6.2. Market Analysis, Insights, and Forecast – By Service
- 6.2.1. Cone Penetrating Testing (CPT)
- 6.2.2. Pressuremeter Testing
- 6.2.3. Dynamic Probe Test (DPSH)
- 6.2.4. Others
- 6.3. Market Analysis, Insights, and Forecast – By Country
- 6.3.1. U.S.
- 6.3.2. Canada
- 7. Europe Geotechnical Services for Offshore Wind Market (USD Million) Analysis, Insights, and Forecast, 2019-2030
- 7.1. Key Findings
- 7.2. Market Analysis, Insights, and Forecast – By Service
- 7.2.1. Cone Penetrating Testing (CPT)
- 7.2.2. Pressuremeter Testing
- 7.2.3. Dynamic Probe Test (DPSH)
- 7.2.4. Others
- 7.3. Market Analysis, Insights, and Forecast – By Country
- 7.3.1. Germany
- 7.3.2. UK
- 7.3.3. Netherland
- 7.3.4. Belgium
- 7.3.5. Denmark
- 7.3.6. Rest of Europe
- 8. Asia Pacific Geotechnical Services for Offshore Wind Market (USD Million) Analysis, Insights, and Forecast, 2019-2030
- 8.1. Key Findings
- 8.2. Market Analysis, Insights, and Forecast – By Service
- 8.2.1. Cone Penetrating Testing (CPT)
- 8.2.2. Pressuremeter Testing
- 8.2.3. Dynamic Probe Test (DPSH)
- 8.2.4. Others
- 8.3. Market Analysis, Insights, and Forecast – By Country
- 8.3.1. China
- 8.3.2. South Korea
- 8.3.3. Japan
- 8.3.4. Taiwan
- 8.3.5. Rest of Asia Pacific
- 9. Rest of the World Geotechnical Services for Offshore Wind Market (USD Million) Analysis, Insights, and Forecast, 2019-2030
- 9.1. Key Findings
- 9.2. Market Analysis, Insights, and Forecast – By Service
- 9.2.1. Cone Penetrating Testing (CPT)
- 9.2.2. Pressuremeter Testing
- 9.2.3. Dynamic Probe Test (DPSH)
- 9.2.4. Others
- 10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2022
- 10.1.1. North America
- 10.1.2. Europe
- 10.1.3. Asia Pacific
- 10.1.4. Company Market Share Analysis of CPT Survey, Globally
- 10.2. Company Profile
- 10.2.1. Fugro
- 10.2.1.1. Business Overview
- 10.2.1.2. Product & Services Offerings
- 10.2.1.3. Recent Developments
- 10.2.1.4. Financials (Based on Availability)
- 10.2.2. Helms Geomarine
- 10.2.2.1. Business Overview
- 10.2.2.2. Product & Services Offerings
- 10.2.2.3. Recent Developments
- 10.2.2.4. Financials (Based on Availability)
- 10.2.3. EGS survey
- 10.2.3.1. Business Overview
- 10.2.3.2. Product & Services Offerings
- 10.2.3.3. Recent Developments
- 10.2.3.4. Financials (Based on Availability)
- 10.2.4. Aceton
- 10.2.4.1. Business Overview
- 10.2.4.2. Product & Services Offerings
- 10.2.4.3. Recent Developments
- 10.2.4.4. Financials (Based on Availability)
- 10.2.5. Geoquip Marine
- 10.2.5.1. Business Overview
- 10.2.5.2. Product & Services Offerings
- 10.2.5.3. Recent Developments
- 10.2.5.4. Financials (Based on Availability)
- 10.2.6. Horizon Geosciences
- 10.2.6.1. Business Overview
- 10.2.6.2. Product & Services Offerings
- 10.2.6.3. Recent Developments
- 10.2.6.4. Financials (Based on Availability)
- 10.2.7. Sarathy Geotech & Engineering Services Pvt. Ltd
- 10.2.7.1. Business Overview
- 10.2.7.2. Product & Services Offerings
- 10.2.7.3. Recent Developments
- 10.2.7.4. Financials (Based on Availability)
- 10.2.8. Gardline Limited
- 10.2.8.1. Business Overview
- 10.2.8.2. Product & Services Offerings
- 10.2.8.3. Recent Developments
- 10.2.8.4. Financials (Based on Availability)
- 10.2.9. Geoxyz
- 10.2.9.1. Business Overview
- 10.2.9.2. Product & Services Offerings
- 10.2.9.3. Recent Developments
- 10.2.9.4. Financials (Based on Availability)
- 10.2.10. Coastal Marine Construction & Engineering Ltd. (COMACOE)
- 10.2.10.1. Business Overview
- 10.2.10.2. Product & Services Offerings
- 10.2.10.3. Recent Developments
- 10.2.10.4. Financials (Based on Availability)
- 10.2.11. JAVA Offshore
- 10.2.11.1. Business Overview
- 10.2.11.2. Product & Services Offerings
- 10.2.11.3. Recent Developments
- 10.2.11.4. Financials (Based on Availability)
- 10.2.12. ABL Group
- 10.2.12.1. Business Overview
- 10.2.12.2. Product & Services Offerings
- 10.2.12.3. Recent Developments
- 10.2.12.4. Financials (Based on Availability)
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook