+1-888-308-5802     
News Contact Us

Offshore Wind Energy Market 2026: Share Forecasts, Regional Trends & Growth drivers

Author : Ronak Bora | Published Date : 2020-09-02 

The offshore wind energy market will witness substantial growth over the forecast timeframe owing to the growing demand for clean energy and increasing focus on reducing carbon emissions and promoting environmental conservation. Offshore wind energy generation is a clean, renewable form of harvesting energy by taking advantage of the power of the wind that is produced on the high seas, where it moves at a much higher and more consistent speed than it does on land, because of the absence of barriers. In order to take advantage of this resource, very large structures called wind turbines are installed offshore and placed on the seabed, equipped with the modern technical innovations.

Global offshore wind energy market from >30 ≤ 50 m depth is set to witness growth over 16% by 2026. Ongoing saturation of nearshore sites along with growing demand for high operational CUF for offshore projects will drive industry growth. Ongoing advancements in installation capabilities and availability of high wind speeds far from shore are prominent factors favoring the deployment of offshore platforms at higher depth levels.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/229

Supportive regulatory framework & government policies & mandates along with rapidly declining process for wind turbines will drive the North America industry growth. North America led by the U.S. is still considered as an emerging market for the offshore wind energy market. As per the Department of Energy, the technical potential available across shallow water depths and the eastern seaboard may host 530 GW of wind energy and has the capability of covering over 40% of the country’s current electricity generation capacity in the coming years.

There are several benefits of offshore wind energy, including the fact that, unlike sunlight, it can be harvested round the clock. Additionally, in comparison to onshore wind, wind resources are significantly more abundant offshore. The acoustic and visual impact of offshore farms is also exceptionally small, and as they are located offshore, they can span larger areas.

On account of this, offshore wind farms generally have numerous hundred MW of installed capacity. Further, with the ease of maritime transport, it had been possible for the offshore wind turbines industry to create larger unit sizes and capacities in comparison to onshore wind turbines. There are also no physical limitations like buildings or hills that usually block the wind flow onshore. The above-mentioned factors will foster the growth of offshore wind energy.

Some major findings in offshore wind energy market report include:

  • Increasing industrialization has propelled the demand for energy, thereby proliferating the industry growth.
  • Ongoing focus toward the deployment of RE systems with high capacity utilization factor will fuel industry growth.
  • Shifting trends toward the adoption of sustainable energy generation platforms & technologies from conventional power plants will enhance the business growth.
  • Availability of high technical resource potential across offshore locations will positively impact industry outlook
  • Prominent players operating in offshore wind energy market include Ørsted, Northland Power, Inc., Vattenfall AB, Enercon, General Electric, Siemens Gamesa, Goldwind, MHI-Vestas, IMPSA, Nexans and Prysmian Group amongst others

Request for customization @ https://www.gminsights.com/roc/229

 

Table of Contents (ToC) of the report:

Chapter 3    Offshore Wind Energy Market Insights

3.1    Industry segmentation

3.2    Industry ecosystem analysis

3.2.1    Vendor matrix

3.3    Innovation & sustainability

3.3.1    Prysmian Group

3.3.2    Enercon

3.3.3    General Electric

3.3.4    Nordex Acciona

3.3.5    Nexans

3.3.6    Furukawa Electric

3.3.7    Goldwind

3.3.8    NKT

3.3.9    JDR Cable Systems Ltd.

3.4    Regulatory landscape

3.4.1    U.S.

3.4.1.1    Renewable Electricity Production Tax Credit (PTC)

3.4.1.1.1    Renewable Electricity Production Tax Credit (PTC) rebate amount

3.4.1.2    Renewable Portfolio Standard (RPS)

3.4.2    Europe

3.4.2.1    European Union member states 2020 wind energy capacity targets (MW)

3.4.2.2    France multi-annual energy program renewable targets

3.4.3    UK

3.4.4    Germany

3.4.5    China

3.4.5.1    National offshore wind power development layout under the 13th Five-Year Plan by 2020 (in million kilowatts)

3.4.5.2    Feed-In Tariff (FIT) levels for wind energy (USD/kwh)

3.5    Global energy investment scenario (2019)

3.5.1    Major asset finance deals in renewable energy, 2019

3.6    New renewable energy investment, by economy

3.7    Major offshore wind energy project landscape

3.7.1    U.S.

3.7.2    Germany

3.7.3    UK

3.7.4    Italy

3.7.5    Netherlands

3.7.6    France

3.7.7    Denmark

3.7.8    Belgium

3.7.9    Japan

3.7.10    China

3.7.11    South Korea

3.7.12    Taiwan

3.8    Offshore wind technical potential outlook

3.8.1    Brazil

3.8.2    India

3.8.3    Morocco

3.8.4    Philippines

3.8.5    South Africa

3.8.6    Sri Lanka

3.8.7    Turkey

3.8.8    Vietnam

3.8.9    U.S.

3.9    Key customer requirements

3.10    Entry barrier

3.11    Price trend analysis

3.11.1    Installation

3.11.2    Turbine

3.11.3    Regional

3.12    Comparative analysis

3.13    Industry impact forces

3.13.1    Growth drivers

3.13.1.1    Favorable regulatory policies

3.13.1.2    Huge untapped and unexplored energy potential

3.13.1.3    Growing adoption of clean energy sources

3.13.1.4    Increasing demand for electricity

3.13.2    Industry pitfall & challenges

3.13.2.1    High capital cost

3.13.2.2    Availability of auxiliary electricity generation sources

3.14    Growth potential analysis

3.15    Porter’s analysis

3.15.1    Bargaining power of suppliers

3.15.2    Bargaining power of buyers

3.15.3    Threat of new entrants

3.15.4    Threat of substitutes

3.16    Competitive landscape, 2019

3.16.1    Strategy dashboard

3.16.1.1    Prysmian Group

3.16.1.2    Northland Power Inc.

3.16.1.3    Siemens AG

3.16.1.4    MHI Vestas Offshore Wind

3.16.1.5    General Electric

3.16.1.6    Prysmian Group

3.16.1.7    Nexans

3.16.1.8    NKT

3.16.1.9    JDR Cable

3.16.2    Company market share, 2019

3.16.2.1    Europe wind turbine manufacturers, 2019

3.16.2.2    Europe Wind farm developers/owners, 2019

3.16.2.3    Europe Inter-Array & Export Cable, 2019

3.16.2.4    Global market player asset portfolio in the offshore wind industry, 2019

3.16.3    Technology landscape

3.16.3.1    HAWT & VAWT

3.17    PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/offshore-wind-energy-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

Related News

Healthcare Gamification Market 2020 By Revenue, Top Trend & Regional Growth Forecast

Published Date: 2020-09-22         Author: Ronak Bora

Healthcare Gamification Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry ... Read More

Steam Autoclaves Market 2020 By Regional Trend & Growth Forecast To 2024

Published Date: 2020-09-22         Author: Ronak Bora

Steam Autoclaves Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challen... Read More

Vaccines Market Future Challenges and Industry Growth Outlook by 2020-2025

Published Date: 2020-09-22         Author: Ronak Bora

Vaccines Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges. ... Read More

© 2020 Fractovia. All Rights Reserved