Global Offshore Wind Power Market Growth 2023-2029

Global Offshore Wind Power Market Growth 2023-2029

Offshore Wind Power is the generation of electricity from wind by constructing wind farms in water bodies. It is estimated to be one of the cheapest and cleanest forms of electricity generation. Offshore wind turbines are larger in size and have greater wind speed compared with onshore wind turbines. Offshore wind power offers various advantages compared with onshore wind power.

LPI (LP Information)' newest research report, the “Offshore Wind Power Industry Forecast” looks at past sales and reviews total world Offshore Wind Power sales in 2022, providing a comprehensive analysis by region and market sector of projected Offshore Wind Power sales for 2023 through 2029. With Offshore Wind Power sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Offshore Wind Power industry.

This Insight Report provides a comprehensive analysis of the global Offshore Wind Power landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Offshore Wind Power portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Offshore Wind Power market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Offshore Wind Power and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Offshore Wind Power.

The global Offshore Wind Power market size is projected to grow from US$ 19480 million in 2022 to US$ 63390 million in 2029; it is expected to grow at a CAGR of 63390 from 2023 to 2029.

Germany is the largest Offshore Wind Power market with about 57% market share. Denmark is follower, accounting for about 12% market share.

The key players are Siemens, MHI Vestas, Senvion, Orano, BARD, Siemens(Gamesa), Hitachi, Sinovel, Shanghai Electric, Envision, Goldwind etc. Top 3 companies occupied about 73% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Offshore Wind Power market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Monopiles

Gravity

Jacket

Tripods

Tripiles

Floating

Segmentation by application

Commercial

Demostration

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Siemens

MHI Vestas

Senvion

Orano

BARD

Siemens (Gamesa)

Hitachi

Sinovel

Shanghai Electric

Envision

Goldwind

Key Questions Addressed in this Report

What is the 10-year outlook for the global Offshore Wind Power market?

What factors are driving Offshore Wind Power market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Offshore Wind Power market opportunities vary by end market size?

How does Offshore Wind Power break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.