Global Wind Turbine Installation Vessel Market Growth 2023-2029

Global Wind Turbine Installation Vessel Market Growth 2023-2029

Self-propelled jack-up vessel is a vessel specifically designed for the installation of offshore wind turbines. Similar to a jack-up rig it is self-elevating. To enable quick relocation in the wind farm it is self-propelled. It also has a slender ship shaped hull to achieve a quick turnaround time with the vessel carrying several foundations or wind turbines each time. Azimuth thrusters are used to position the vessel during jack-up operations.

Besides self-propelled jack-up vessel, heavy lift vessel and other jack-up vessel which is used in wind turbine installation is also discussed as offshore wind turbine installation vessels. And in this report, we focus on the service market which is the most important part of the global offshore wind turbine installation vessel market.

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

This Insight Report provides a comprehensive analysis of the global Wind Turbine Installation Vessel 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 Wind Turbine Installation Vessel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Wind Turbine Installation Vessel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wind Turbine Installation Vessel 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 Wind Turbine Installation Vessel.

The global Wind Turbine Installation Vessel market size is projected to grow from US$ 17 million in 2022 to US$ 43 million in 2029; it is expected to grow at a CAGR of 43 from 2023 to 2029.

Global Wind Turbine Installation Vessel key players include SEAFOX, DEME, Jack-Up Barge, etc. Global top three manufacturers hold a share over 20%.

Germany is the largest market, with a share over 55%, followed by China, and Denmark, both have a share over 25 percent.

In terms of product, Self-Propelled Jack-Up Vessel is the largest segment, with a share over 45%.

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

Market Segmentation:

Segmentation by type
Self-propelled Jack-up Vessel
Normal Jack-up Vessel
Heavy Lift Vessel

Segmentation by application
Offshore
Others

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.
DEME
Seajacks
Fred. Olsen Windcarrier
Van Oord (MPI-Offshore)
Jack-Up Barge
SEAFOX
Swire Blue Ocean
Longyuan Zhenhua
CCCC Third Harbor Engineering

Key Questions Addressed in this Report

What is the 10-year outlook for the global Wind Turbine Installation Vessel market?

What factors are driving Wind Turbine Installation Vessel market growth, globally and by region?

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

How do Wind Turbine Installation Vessel market opportunities vary by end market size?

How does Wind Turbine Installation Vessel 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.