Offshore Wind Component Market Segmentation
Offshore Wind Components Outlook (USD Billion, 2018-2030)
Offshore Wind Location Outlook (USD Billion, 2018-2030)
Offshore Wind Regional Outlook (USD Billion, 2018-2030)
Research Methodology on Offshore Wind Market
Abstract
This study aims to provide an in-depth analysis of the Offshore Wind Market and to provide insights into key market trends, drivers, and strategies. Primary data are collected from industry experts through interviews and secondary data are sourced from industry databases and journals. The findings of the study indicate healthy growth in the coming years due to increasing investments in offshore wind projects, increasing energy demands, and the development of innovative technologies.
Introduction
Offshore wind is a form of wind energy derived from the wind blowing over the oceans, seas, and lakes. It is one of the key approaches to harnessing renewable energy sources. Offshore wind can meet the energy demands of the growing global population sustainably and cost-effectively, hence the demand for offshore wind energy is continuously increasing globally. With increasing energy demands and technological advancements, the global offshore wind energy industry is expected to witness significant growth over the forecast period 2023 to 2030.
Research Methodology
The published research report attempts to study the ongoing trend in the offshore wind energy industry, as well as the drivers and restraints of the industry, and the future outlook. The data for this study is collected from secondary sources such as industry databases, reports, journals and websites. Data is also collected through primary sources such as interviews with subject matter experts and surveys with stakeholders in the offshore wind energy industry.
The research design adopted for this study is a qualitative approach and includes both primary and secondary sources of data. The primary data is collected from industry experts through interviews and surveys. The secondary data is collected by analyzing various sources of information such as industry reports, journals, and databases of various countries. The data thus collected is collated and analyzed using statistical methods such as descriptive statistics, linear regression, and factor analysis.
Data Analysis
The findings of the study indicate healthy growth in the coming years due to increasing investments in offshore wind projects, increasing energy demands, and the development of innovative technologies. The driving factors of the offshore wind energy industry include increasing global energy demands, government incentives, technological advancements, and costs of energy production. In addition, the key constraints include limited access to offshore sites, reliability of power generation, and an uncertain investment environment.
Conclusion
To conclude, the offshore wind energy industry is witnessing significant growth due to increasing global energy demands, government incentives, technological advancements, and decreasing costs of energy production. The major restraining factors limiting this growth are limited access to the offshore sites, an uncertain investment environment, and lower power output than expected.
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
6 Global Offshore Wind Market, By Component
6.1 Introduction
6.2 Turbine
6.2.1 Market Estimates & Forecast, 2024–2030
6.2.2 Market Estimates & Forecast, By Region, 2024–2030
6.3 Tower
6.3.1 Market Estimates & Forecast, 2024–2030
6.3.2 Market Estimates & Forecast, By Region, 2024–2030
6.4 Blades
6.4.1 Market Estimates & Forecast, 2024–2030
6.4.2 Market Estimates & Forecast, By Region, 2024–2030
6.5 Electrical Infrastructure
6.5.1 Market Estimates & Forecast, 2024–2030
6.5.2 Market Estimates & Forecast, By Region, 2024–2030
6.6 Nacelle
6.6.1 Market Estimates & Forecast, 2024–2030
6.6.2 Market Estimates & Forecast, By Region, 2024–2030
7 Global Offshore Wind Market, By Location
7.1 Introduction
7.2 Shallow Water (<30 M Depth)
7.2.1 Market Estimates & Forecast, 2024–2030
7.2.2 Market Estimates & Forecast, By Region, 2024–2030
7.3 Transitional Water (30–60 M Depth)
7.3.1 Market Estimates & Forecast, 2024–2030
7.3.2 Market Estimates & Forecast, By Region, 2024–2030
7.4 Deep Water (> 60 M Depth)
7.4.1 Market Estimates & Forecast, 2024–2030
7.4.2 Market Estimates & Forecast, By Region, 2024–2030
8 Global Offshore Wind Market, By Region
8.1 Introduction
8.2 North America
8.2.1 Market Estimates & Forecast, By Component, 2024–2030
8.2.2 Market Estimates & Forecast, By Location, 2024–2030
8.2.3 Market Estimates & Forecast, By Country, 2024–2030
8.2.4 US
8.2.4.1 Market Estimates & Forecast, By Component, 2024–2030
8.2.4.2 Market Estimates & Forecast, By Location 2024–2030
8.3 Europe
8.3.1.1 Market Estimates & Forecast, By Component, 2024–2030
8.3.1.2 Market Estimates & Forecast, By Location, 2024–2030
8.3.1.3 Market Estimates & Forecast, By Country, 2024–2030
8.3.2 Germany
8.3.2.1 Market Estimates & Forecast, By Component, 2024–2030
8.3.2.2 Market Estimates & Forecast, By Location, 2024–2030
8.3.3 UK
8.3.3.1 Market Estimates & Forecast, By Component, 2024–2030
8.3.3.2 Market Estimates & Forecast, By Location, 2024–2030
8.3.4 Denmark
8.3.4.1 Market Estimates & Forecast, By Component, 2024–2030
8.3.4.2 Market Estimates & Forecast, By Location, 2024–2030
8.3.5 Sweden
8.3.5.1 Market Estimates & Forecast, By Component, 2024–2030
8.3.5.2 Market Estimates & Forecast, By Location, 2024–2030
8.3.6 Netherlands
8.3.6.1 Market Estimates & Forecast, By Component, 2024–2030
8.3.6.2 Market Estimates & Forecast, By Location, 2024–2030
8.3.7 Belgium
8.3.7.1 Market Estimates & Forecast, By Component, 2024–2030
8.3.7.2 Market Estimates & Forecast, By Location, 2024–2030
8.3.8 Rest Of Europe
8.3.8.1 Market Estimates & Forecast, By Component, 2024–2030
8.3.8.2 Market Estimates & Forecast, By Location, 2024–2030
8.4 Asia-Pacific
8.4.1 Market Estimates & Forecast, By Component, 2024–2030
8.4.2 Market Estimates & Forecast, By Location, 2024–2030
8.4.3 Market Estimates & Forecast, By Country, 2024–2030
8.4.4 China
8.4.4.1 Market Estimates & Forecast, By Component, 2024–2030
8.4.4.2 Market Estimates & Forecast, By Location, 2024–2030
8.4.5 Japan
8.4.5.1 Market Estimates & Forecast, By Component, 2024–2030
8.4.5.2 Market Estimates & Forecast, By Location, 2024–2030
8.4.6 South-Korea
8.4.6.1 Market Estimates & Forecast, By Component, 2024–2030
8.4.6.2 Market Estimates & Forecast, By Location, 2024–2030
8.4.7 Rest Of Asia-Pacific
8.4.7.1 Market Estimates & Forecast, By Component, 2024–2030
8.4.7.2 Market Estimates & Forecast, By Location, 2024–2030
9 Competitive Landscape
9.1 Competitive Scenario
9.2 Competitive Benchmarking Of The Global Offshore Wind Market
9.3 Major Growth Key Strategies In The Global Offshore Wind Market
9.4 Market Share Analysis: Global Offshore Wind Market
9.5 GENERAL ELECTRIC: The Leading Player In Terms Of Number Of Developments In Global Offshore Wind Market
9.6 Product Development In The Global Offshore Wind Market
9.7 Mergers And Acquisitions In The Global Offshore Wind Market
9.8 Contracts And Agreements In The Global Offshore Wind Market
9.9 Expansions And Investments In The Global Offshore Wind Market
10 Company Profile
10.1 GENERAL ELECTRIC
10.1.1 Company Overview
10.1.2 Products/Services Offered
10.1.3 Financial Overview
10.1.4 Key Developments
10.1.5 Key Strategies
10.1.6 SWOT Analysis
10.2 Siemens Gamesa Renewable Energy, S.A.
10.2.1 Company Overview
10.2.2 Products/Services Offered
10.2.3 Financial Overview
10.2.4 Key Developments
10.2.5 Key Strategies
10.2.6 SWOT Analysis
10.3 MHI Vestas Offshore Wind
10.3.1 Company Overview
10.3.2 Products/Services Offered
10.3.3 Financial Overview
10.3.4 Key Developments
10.3.5 Key Strategies
10.3.6 SWOT Analysis
10.4 Senvion SA
10.4.1 Company Overview
10.4.2 Products/Services Offered
10.4.3 Financial Overview
10.4.4 Key Developments
10.4.5 Key Strategies
10.4.6 SWOT Analysis
10.5 Doosan Heavy Industries & Construction
10.5.1 Company Overview
10.5.2 Products/Services Offered
10.5.3 Financial Overview
10.5.4 Key Developments
10.5.5 Key Strategies
10.5.6 SWOT Analysis
10.6 Suzlon Energy Limited
10.6.1 Company Overview
10.6.2 Products/Services Offered
10.6.3 Financial Overview
10.6.4 Key Developments
10.6.5 Key Strategies
10.6.6 SWOT Analysis
10.7 Dong Energy A/S
10.7.1 Company Overview
10.7.2 Products/Services Offered
10.7.3 Financial Overview
10.7.4 Key Developments
10.7.5 Key Strategies
10.7.6 SWOT Analysis
10.8 EEW GROUP
10.8.1 Company Overview
10.8.2 Products/Services Offered
10.8.3 Financial Overview
10.8.4 Key Developments
10.8.5 Key Strategies
10.8.6 SWOT Analysis
10.9 ENERCON GmbH
10.9.1 Company Overview
10.9.2 Products/Services Offered
10.9.3 Financial Overview
10.9.4 Key Developments
10.9.5 Key Strategies
10.9.6 SWOT Analysis
10.10 Goldwind Wind Energy GmbH
10.10.1 Company Overview
10.10.2 Products/Services Offered
10.10.3 Financial Overview
10.10.4 Key Developments
10.10.5 Key Strategies
10.10.6 SWOT Analysis
10.11 ABB
10.11.1 Company Overview
10.11.2 Products/Services Offered
10.11.3 Financial Overview
10.11.4 Key Developments
10.11.5 Key Strategies
10.11.6 SWOT Analysis
10.12 Engie
10.12.1 Company Overview
10.12.2 Products/Services Offered
10.12.3 Financial Overview
10.12.4 Key Developments
10.12.5 Key Strategies
10.12.6 SWOT Analysis
10.13 Ørsted A/S
10.13.1 Company Overview
10.13.2 Products/Services Offered
10.13.3 Financial Overview
10.13.4 Key Developments
10.13.5 Key Strategies
10.13.6 SWOT Analysis
10.13.7 SWOT Analysis
10.13.8 Key Strategies
10.13.9 SWOT Analysis
11 List Of Tables
Table 1 GLOBAL OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
Table 2 GLOBAL OFFSHORE WIND MARKET, BY LOCATION, 2024–2030 (USD MILLION)
Table 3 GLOBAL OFFSHORE WIND MARKET, BY REGION, 2024–2030 (USD MILLION)
Table 4 EUROPE OFFSHORE WIND MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
Table 5 EUROPE OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
Table 6 EUROPE OFFSHORE WIND MARKET, BY LOCATION, 2024–2030 (USD MILLION)
Table 7 GERMANY OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
Table 8 GERMANY OFFSHORE WIND MARKET, BY LOCATION, 2024–2030 (USD MILLION)
Table 9 UK OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
Table 10 UK OFFSHORE WIND MARKET, BY LOCATION, 2024–2030 (USD MILLION)
Table 11 DENMARK OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
Table 12 DENMARK OFFSHORE WIND MARKET, BY LOCATION, 2024–2030 (USD MILLION)
Table 13 SWEDEN OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
Table 14 SWEDEN OFFSHORE WIND MARKET, BY LOCATION, 2024–2030 (USD MILLION)
Table 15 NETHERLANDS OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
Table 16 NETHERLANDS OFFSHORE WIND MARKET, BY LOCATION, 2024–2030 (USD MILLION)
Table 17 BELGIUM OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
Table 18 BELGIUM OFFSHORE WIND MARKET, BY LOCATION, 2024–2030 (USD MILLION)
Table 19 REST OF EUROPE OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
Table 20 REST OF EUROPE OFFSHORE WIND MARKET, BY LOCATION, 2024–2030 (USD MILLION)
Table 21 NORTH AMERICA OFFSHORE WIND MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
Table 22 NORTH AMERICA OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD
MILLION)
Table 23 NORTH AMERICA OFFSHORE WIND MARKET, BY LOCATION, 2024–2030 (USD MILLION)
Table 24 US OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
Table 25 US OFFSHORE WIND MARKET, BY LOCATION, 2024–2030 (USD MILLION)
Table 26 ASIA-PACIFIC OFFSHORE WIND MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
Table 27 ASIA-PACIFIC OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
Table 28 ASIA-PACIFIC OFFSHORE WIND MARKET, BY LOCATION, 2024–2030 (USD MILLION)
Table 29 CHINA OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
Table 30 CHINA OFFSHORE WIND MARKET, BY LOCATION, 2024–2030 (USD MILLION)
Table 31 JAPAN OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
Table 32 JAPAN OFFSHORE WIND MARKET, BY LOCATION, 2024–2030 (USD MILLION)
Table 33 SOUTH-KOREA OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
Table34 SOUTH-KOREA OFFSHORE WIND MARKET, BY LOCATION, 2024–2030 (USD MILLION)
Table 35 REST OF ASIA-PACIFIC OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
Table 36 REST OF ASIA-PACIFIC OFFSHORE WIND MARKET, BY LOCATION, 2024–2030 (USD MILLION)
12 List Of Figures
Figure 1 RESEARCH PROCESS OF MRFR
Figure 2 TOP-DOWN AND BOTTOM-UP APPROACH
Figure 3 MARKET DYNAMICS
Figure 4 IMPACT ANALYSIS: MARKET DRIVERS
Figure 5 IMPACT ANALYSIS: MARKET RESTRAINTS
Figure 6 PORTER’S FIVE FORCES ANALYSIS
Figure 7 VALUE CHAIN ANALYSIS
Figure 8 GLOBAL OFFSHORE WIND MARKET SHARE, BY COMPONENT, 2020 (%)
Figure 9 GLOBAL OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
Figure 10 GLOBAL OFFSHORE WIND MARKET SHARE, BY LOCATION, 2020 (%)
Figure 11 GLOBAL OFFSHORE WIND MARKET, BY LOCATION, 2024–2030 (USD MILLION)
Figure 12 GLOBAL OFFSHORE WIND MARKET, BY REGION, 2024–2030 (USD MILLION)
Figure 13 EUROPE OFFSHORE WIND MARKET, BY COUNTRY, 2020 (% SHARE)
Figure 14 GERMANY OFFSHORE WIND MARKET SHARE, BY COMPONENT, 2024–2030 (%)
Figure 15 DENMARK OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (%)
Figure 16 SWEDEN OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (%)
Figure 17 NETHERLANDS OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (%)
Figure 18 BELGIUM OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (%)
Figure 19 REST OF EUROPE: GLOBAL OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
Figure 20 US: GLOBAL OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
Figure 21 NORTH AMERICA OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
FIGURE 22 ASIA PACIFIC OFFSHORE WIND MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
Figure 23 CHINA OFFSHORE WIND MARKET SHARE (%), 2020
Figure 24 CHINA OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
Figure 25 JAPAN OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
Figure 26 SOUTH-KOREA OFFSHORE WIND MARKET, BY COMPONENT, 2024–2030 (USD MILLION)
FIGURE 27 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL OFFSHORE WIND MARKET, 2024-2022
FIGURE 28 CONTRACT: % SHARE BY KEY PLAYERS, 2024-2022
FIGURE 29 AGREEMENT & PARTNERSHIP: % SHARE BY KEY PLAYERS, 2024-2022
FIGURE 30 PRODUCT DEVELOPMENT: % SHARE BY KEY PLAYERS, 2024-2022
FIGURE 31 MERGER & AQUSITION: % SHARE BY KEY PLAYERS, 2024-2022
FIGURE 32 GENERAL ELECTRIC: TOTAL REVENUE VS RESEARCH AND DEVELOPMENT AND GEOGRAPHIC REVENUE (2024-2022)
FIGURE 33 KEY DEVELOPMENTS
FIGURE 34 GENERAL ELECTRIC: SWOT ANALYSIS
FIGURE 35 SIEMENS GAMESA RENEWABLE ENERGY, SA: TOTAL REVENUE VS RESEARCH AND DEVELOPMENT AND GEOGRAPHIC REVENUE (2024-2022)
FIGURE 36 KEY DEVELOPMENTS
FIGURE 37 SIEMENS GAMESA RENEWABLE ENERGY, SA: SWOT ANALYSIS
FIGURE 38 MHI Vestas Offshore Wind: TOTAL REVENUE VS RESEARCH AND DEVELOPMENT AND GEOGRAPHIC REVENUE (2024-2022)
FIGURE 39 KEY DEVELOPMENTS (2024-2022)
FIGURE 40 MHI Vestas Offshore Wind: SWOT ANALYSIS
FIGURE 41 Senvion SA: TOTAL REVENUE VS RESEARCH AND DEVELOPMENT AND GEOGRAPHIC REVENUE (2024-2022)
FIGURE 42 Doosan Heavy Industries & Construction: TOTAL REVENUE VS RESEARCH AND DEVELOPMENT AND GEOGRAPHIC REVENUE (2024-2022)
FIGURE 43 KEY DEVELOPMENTS (2024-2022)
FIGURE 44 Doosan Heavy Industries & Construction: SWOT ANALYSIS
FIGURE 45 Dong Energy A/S: TOTAL REVENUE VS RESEARCH AND DEVELOPMENT AND GEOGRAPHIC REVENUE (2024-2022)
FIGURE 46 KEY DEVELOPMENTS (2024-2022)
FIGURE 47 Dong Energy A/S: SWOT ANALYSIS
FIGURE 48 Goldwind Wind Energy GmbH: TOTAL REVENUE VS RESEARCH AND DEVELOPMENT AND GEOGRAPHIC REVENUE (2024-2022)
FIGURE 49 ABB: TOTAL REVENUE VS RESEARCH AND DEVELOPMENT AND GEOGRAPHIC REVENUE (2024-2022)
FIGURE 50 KEY DEVELOPMENTS (2024-2022)
FIGURE 51 ABB: SWOT ANALYSIS
FIGURE 52 Engie: TOTAL REVENUE VS RESEARCH AND DEVELOPMENT AND GEOGRAPHIC REVENUE (2024-2022)
FIGURE 53 KEY DEVELOPMENTS (2024-2022)
FIGURE 54 Engie: SWOT ANALYSIS
FIGURE 55 Ørsted A/S: TOTAL REVENUE VS RESEARCH AND DEVELOPMENT AND GEOGRAPHIC REVENUE (2024-2022)
FIGURE 56 KEY DEVELOPMENTS (2024-2022)
FIGURE 57 Ørsted A/S: SWOT ANALYSIS
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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