Offshore Wind Power MarketOffshore Wind Power Market Strategic Roadmap: Analysis and Forecasts 2024-2032
Offshore Wind Power Market by Installation (Fixed Structure, Floating Structure), by Water Depth (Up to 30m, Above 30m), by Capacity (Up to 3MW, 3MW to 5MW, Above 5MW), Forecast 2024-2032
Base Year: 2023
180 Pages
Offshore Wind Power Market Strategic Roadmap: Analysis and Forecasts 2024-2032
Key Insights
The offshore wind power market size is expected to reach 1,132.7 GWh by 2027, growing at a CAGR of 4.91% over the forecast period. The growing demand for renewable energy sources, rising concerns about climate change, and supportive government policies are driving the market growth. Offshore Wind Power therefore can be described as the process through which electricity is generated using wind turbines which are usually installed in seas or lakes. Benefits of Offshore Wind Power include the production of renewable energy to areas near coastlines and offshore structures, towards the cause of generating more clean energy and a less reliance on conventional resources and fighting climate change. The categories of offshore wind systems are the fixed bottom systems and the floating systems, with differences in the water depths and the soil conditions. Typically, an Offshore Wind Power system includes turbines, foundations, substructures, power transmission cables, and connections to the power grid. Offshore Wind Power advantages are that, wind resources are ample, offshore wind speeds are higher, there is least interference of turbines from the public and the option for larger turbines is viable. Current market conditions show a general shift in focus and capital expenditure for offshore wind projects across the globe due to improvement in technology efficiency, reducing costs, and favorable regional policies.
Offshore Wind Power Trends
- Increasing capacity and efficiency of offshore wind turbines
- Development of floating wind turbines
- Expansion of offshore wind farms into deeper waters
- Integration of offshore wind power with other renewable energy sources
Driving Forces
Increasing Demand for Renewable Energy Sources:
- Shifting focus towards sustainable energy solutions
- Rising awareness of environmental concerns and climate change
Government Support and Incentives:
- Tax credits, subsidies, and feed-in tariffs
- Support for R&D and technology development
Challenges and Restraints
High Installation and Maintenance Costs:
- Complexity and scale of offshore operations
- Exposure to harsh weather conditions
Environmental Impact:
- Effects on marine life and ecosystems
- Visual and noise pollution
Emerging Trends
Floating Wind Turbines:
- Allowing access to deeper waters
- Potential for larger scale wind farms
Hybrid and Integrated Wind Farms:
- Combining offshore wind power with other renewable sources
- Enhancing grid reliability and reducing costs
Data Analytics and Optimization:
- Monitoring and analyzing wind farm performance
- Optimizing energy output and minimizing downtime
Growth Catalysts
- Increasing government investments in renewable energy infrastructure
- Technological advancements and cost reductions
- Long-term power purchase agreements (PPAs)
Market Segmentation
Installation:
- Fixed Structure
- Floating Structure
Water Depth:
- Up to 30m
- Above 30m
Capacity:
- Up to 3MW
- 3MW to 5MW
- Above 5MW
Leading Players
- Siemens Gamesa Renewable Energy S.A.
- MHI Vestas Offshore Wind
- Senvion S.A.
- Adwen
- ABB Ltd.
- General Electric
- Ming Yang Smart Energy Group Co.
- Nordex SE
- Goldwind
- Envision Energy
- Suzlon Energy Limited
- Hitachi Ltd.
Significant Developments
- Vestas launches a new 15 MW wind turbine for offshore applications
- Siemens Gamesa and RWE sign a contract for 140 offshore wind turbines in Germany
- Shell invests in floating wind farm project in the Netherlands
Comprehensive Coverage Offshore Wind Power Market Report
https://www.marketwatch.com/press-release/offshore-wind-power-market-2023-2027-industry-size-share-growth-outlook-and-forecast-2023-08-05
Regional Insight
- Europe: Europe holds the largest market share due to early adoption and supportive policies. Key countries include the United Kingdom, Germany, Spain, France, and the Netherlands.
- Asia-Pacific: Asia-Pacific is expected to witness rapid growth with China leading the region. Other major markets in the region include India, Japan, and South Korea.
- North America: North America has a growing offshore wind industry, with several projects under development in the United States and Canada.
- Latin America: Latin America has a small but emerging offshore wind market. Brazil and Chile are among the key countries in this region.
- Middle East and Africa: The Middle East and Africa have limited offshore wind development, but there is potential for growth in the future.
Technology Analysis
- Advancements in turbine design, materials, and control systems
- Integration of artificial intelligence and machine learning for forecasting and optimization
PESTLE Analysis
- Political: Government policies and regulations
- Economic: Cost of technology and financing options
- Social: Public acceptance and awareness
- Technological: Innovations and advancements in the industry
- Legal: Environmental regulations and permits
- Environmental: Impact on marine ecosystems
Porter's Five Force Analysis
- Threat of New Entrants: High
- Bargaining Power of Suppliers: Medium
- Bargaining Power of Buyers: Low
- Threat of Substitutes: Low
- Rivalry among Existing Competitors: High
BCG Matrix
- Stars: Siemens Gamesa, Vestas
- Question Marks: Ming Yang, Goldwind
- Cash Cows: ABB, General Electric
- Dogs: Senvion, Adwen
Import & Export Analysis
- Key exporting countries: China, Germany
- Key importing countries: United Kingdom, United States
Production & Consumption
- Top producing countries: China, Germany, United Kingdom
- Top consuming countries: China, Germany, United Kingdom
Regulatory Landscape
- Environmental impact assessments
- Safety and reliability standards
- Grid integration and power purchase agreements
Offshore Wind Power Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 4.91% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Conversion of Waste into Renewable Energy and Rising Environmental Concerns to Propel the Market Growth
- 3.3. Market Restrains
- 3.3.1. Enormous Financial Investments for Installing Facility and Highly Combustible Nature of the Gas to Hinder Market Growth
- 3.4. Market Trends
- 3.4.1. Increasing Applications of Biomethane to Open New Doors in the Market
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Offshore Wind Power Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Installation
- 5.1.1. Fixed Structure
- 5.1.2. Floating Structure
- 5.2. Market Analysis, Insights and Forecast - by Water Depth
- 5.2.1. Up to 30m
- 5.2.2. Above 30m
- 5.3. Market Analysis, Insights and Forecast - by Capacity
- 5.3.1. Up to 3MW
- 5.3.2. 3MW to 5MW
- 5.3.3. Above 5MW
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.1. Market Analysis, Insights and Forecast - by Installation
- 6. North America Offshore Wind Power Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Installation
- 6.1.1 Fixed Structure
- 6.1.2 Floating Structure
- 6.2. Market Analysis, Insights and Forecast - By Water Depth
- 6.2.1 Up to 30m
- 6.2.2 Above 30m
- 6.3. Market Analysis, Insights and Forecast - By Capacity
- 6.3.1 Up to 3MW
- 6.3.2 3MW to 5MW
- 6.3.3 Above 5MW
- 6.4. Market Analysis, Insights and Forecast - By Country/Sub-region
- 6.4.1 United States
- 6.4.2 Canada
- 6.4.3 Mexico
- 6.4.4 Rest of North America
- 7. Middle East & Africa Offshore Wind Power Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Installation
- 7.1.1 Fixed Structure
- 7.1.2 Floating Structure
- 7.2. Market Analysis, Insights and Forecast - By Water Depth
- 7.2.1 Up to 30m
- 7.2.2 Above 30m
- 7.3. Market Analysis, Insights and Forecast - By Capacity
- 7.3.1 Up to 3MW
- 7.3.2 3MW to 5MW
- 7.3.3 Above 5MW
- 7.4. Market Analysis, Insights and Forecast - By Country/Sub-region
- 7.4.1 UAE
- 7.4.2 South Africa
- 7.4.3 Saudi Arabia
- 7.4.4 Rest of MEA
- 8. Asia Pacific Offshore Wind Power Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Installation
- 8.1.1 Fixed Structure
- 8.1.2 Floating Structure
- 8.2. Market Analysis, Insights and Forecast - By Water Depth
- 8.2.1 Up to 30m
- 8.2.2 Above 30m
- 8.3. Market Analysis, Insights and Forecast - By Capacity
- 8.3.1 Up to 3MW
- 8.3.2 3MW to 5MW
- 8.3.3 Above 5MW
- 8.4. Market Analysis, Insights and Forecast - By Country/Sub-region
- 8.4.1 China
- 8.4.2 Japan
- 8.4.3 India
- 8.4.4 South Korea
- 8.4.5 Taiwan
- 8.4.6 Australia
- 8.4.7 Rest of Asia-Pacific
- 9. Europe Offshore Wind Power Market Analysis, Insights and Forecast, 2018-2030
- 9.1. Market Analysis, Insights and Forecast - By Installation
- 9.1.1 Fixed Structure
- 9.1.2 Floating Structure
- 9.2. Market Analysis, Insights and Forecast - By Water Depth
- 9.2.1 Up to 30m
- 9.2.2 Above 30m
- 9.3. Market Analysis, Insights and Forecast - By Capacity
- 9.3.1 Up to 3MW
- 9.3.2 3MW to 5MW
- 9.3.3 Above 5MW
- 9.4. Market Analysis, Insights and Forecast - By Country/Sub-region
- 9.4.1 Germany
- 9.4.2 France
- 9.4.3 Italy
- 9.4.4 United Kingdom
- 9.4.5 Netherlands
- 9.4.6 Rest of Europe
- 10. South America Offshore Wind Power Market Analysis, Insights and Forecast, 2018-2030
- 10.1. Market Analysis, Insights and Forecast - By Installation
- 10.1.1 Fixed Structure
- 10.1.2 Floating Structure
- 10.2. Market Analysis, Insights and Forecast - By Water Depth
- 10.2.1 Up to 30m
- 10.2.2 Above 30m
- 10.3. Market Analysis, Insights and Forecast - By Capacity
- 10.3.1 Up to 3MW
- 10.3.2 3MW to 5MW
- 10.3.3 Above 5MW
- 10.4. Market Analysis, Insights and Forecast - By Country/Sub-region
- 10.4.1 Brazil
- 10.4.2 Argentina
- 10.4.3 Rest of South America
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2023
- 11.2. Company Profiles
- 11.2.1 Siemens Gamesa Renewable Energy S.A.
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 MHI Vestas Offshore Wind
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Senvion S.A.
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Adwen
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 ABB Ltd.
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 General Electric
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Ming Yang Smart Energy Group Co.
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Nordex SE
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Goldwind
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Envision Energy
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.11 Suzlon Energy Limited
- 11.2.11.1. Overview
- 11.2.11.2. Products
- 11.2.11.3. SWOT Analysis
- 11.2.11.4. Recent Developments
- 11.2.11.5. Financials (Based on Availability)
- 11.2.12 Hitachi Ltd.
- 11.2.12.1. Overview
- 11.2.12.2. Products
- 11.2.12.3. SWOT Analysis
- 11.2.12.4. Recent Developments
- 11.2.12.5. Financials (Based on Availability)
- 11.2.13 Other prominent players
- 11.2.13.1. Overview
- 11.2.13.2. Products
- 11.2.13.3. SWOT Analysis
- 11.2.13.4. Recent Developments
- 11.2.13.5. Financials (Based on Availability)
- 11.2.1 Siemens Gamesa Renewable Energy S.A.
List of Figures
- Figure 1: Global Offshore Wind Power Market Revenue Breakdown (GWh, %) by Region 2023 & 2031
- Figure 2: Global Offshore Wind Power Market Volume Breakdown (Thousand Units, %) by Region 2023 & 2031
- Figure 3: Global Offshore Wind Power Market Revenue (GWh), by Installation 2023 & 2031
- Figure 4: Global Offshore Wind Power Market Volume (Thousand Units), by Installation 2023 & 2031
- Figure 5: Global Offshore Wind Power Market Revenue Share (%), by Installation 2023 & 2031
- Figure 6: Global Offshore Wind Power Market Volume Share (%), by Installation 2023 & 2031
- Figure 7: Global Offshore Wind Power Market Forecast (GWh), by Fixed Structure 2020 & 2031
- Figure 8: Global Offshore Wind Power Market Forecast (Thousand Units), by Fixed Structure 2020 & 2031
- Figure 9: Global Offshore Wind Power Market Forecast (GWh), by Floating Structure 2020 & 2031
- Figure 10: Global Offshore Wind Power Market Forecast (Thousand Units), by Floating Structure 2020 & 2031
- Figure 11: Global Offshore Wind Power Market Revenue (GWh), by Water Depth 2023 & 2031
- Figure 12: Global Offshore Wind Power Market Volume (Thousand Units), by Water Depth 2023 & 2031
- Figure 13: Global Offshore Wind Power Market Revenue Share (%), by Water Depth 2023 & 2031
- Figure 14: Global Offshore Wind Power Market Volume Share (%), by Water Depth 2023 & 2031
- Figure 15: Global Offshore Wind Power Market Forecast (GWh), by Up to 30m 2020 & 2031
- Figure 16: Global Offshore Wind Power Market Forecast (Thousand Units), by Up to 30m 2020 & 2031
- Figure 17: Global Offshore Wind Power Market Forecast (GWh), by Above 30m 2020 & 2031
- Figure 18: Global Offshore Wind Power Market Forecast (Thousand Units), by Above 30m 2020 & 2031
- Figure 19: Global Offshore Wind Power Market Revenue (GWh), by Capacity 2023 & 2031
- Figure 20: Global Offshore Wind Power Market Volume (Thousand Units), by Capacity 2023 & 2031
- Figure 21: Global Offshore Wind Power Market Revenue Share (%), by Capacity 2023 & 2031
- Figure 22: Global Offshore Wind Power Market Volume Share (%), by Capacity 2023 & 2031
- Figure 23: Global Offshore Wind Power Market Forecast (GWh), by Up to 3MW 2020 & 2031
- Figure 24: Global Offshore Wind Power Market Forecast (Thousand Units), by Up to 3MW 2020 & 2031
- Figure 25: Global Offshore Wind Power Market Forecast (GWh), by 3MW to 5MW 2020 & 2031
- Figure 26: Global Offshore Wind Power Market Forecast (Thousand Units), by 3MW to 5MW 2020 & 2031
- Figure 27: Global Offshore Wind Power Market Forecast (GWh), by Above 5MW 2020 & 2031
- Figure 28: Global Offshore Wind Power Market Forecast (Thousand Units), by Above 5MW 2020 & 2031
- Figure 29: Global Offshore Wind Power Market Revenue (GWh), by Region 2023 & 2031
- Figure 30: Global Offshore Wind Power Market Volume (Thousand Units), by Region 2023 & 2031
- Figure 31: Global Offshore Wind Power Market Revenue Share (%), by Region 2023 & 2031
- Figure 32: Global Offshore Wind Power Market Volume Share (%), by Region 2023 & 2031
- Figure 33: North America Offshore Wind Power Market Revenue (GWh), by Installation 2023 & 2031
- Figure 34: North America Offshore Wind Power Market Volume (Thousand Units), by Installation 2023 & 2031
- Figure 35: North America Offshore Wind Power Market Revenue Share (%), by Installation 2023 & 2031
- Figure 36: North America Offshore Wind Power Market Volume Share (%), by Installation 2023 & 2031
- Figure 37: North America Offshore Wind Power Market Revenue (GWh), by Water Depth 2023 & 2031
- Figure 38: North America Offshore Wind Power Market Volume (Thousand Units), by Water Depth 2023 & 2031
- Figure 39: North America Offshore Wind Power Market Revenue Share (%), by Water Depth 2023 & 2031
- Figure 40: North America Offshore Wind Power Market Volume Share (%), by Water Depth 2023 & 2031
- Figure 41: North America Offshore Wind Power Market Revenue (GWh), by Capacity 2023 & 2031
- Figure 42: North America Offshore Wind Power Market Volume (Thousand Units), by Capacity 2023 & 2031
- Figure 43: North America Offshore Wind Power Market Revenue Share (%), by Capacity 2023 & 2031
- Figure 44: North America Offshore Wind Power Market Volume Share (%), by Capacity 2023 & 2031
- Figure 45: North America Offshore Wind Power Market Revenue (GWh), by Country 2023 & 2031
- Figure 46: North America Offshore Wind Power Market Volume (Thousand Units), by Country 2023 & 2031
- Figure 47: North America Offshore Wind Power Market Revenue Share (%), by Country 2023 & 2031
- Figure 48: North America Offshore Wind Power Market Volume Share (%), by Country 2023 & 2031
- Figure 49: Middle East & Africa Offshore Wind Power Market Revenue (GWh), by Installation 2023 & 2031
- Figure 50: Middle East & Africa Offshore Wind Power Market Volume (Thousand Units), by Installation 2023 & 2031
- Figure 51: Middle East & Africa Offshore Wind Power Market Revenue Share (%), by Installation 2023 & 2031
- Figure 52: Middle East & Africa Offshore Wind Power Market Volume Share (%), by Installation 2023 & 2031
- Figure 53: Middle East & Africa Offshore Wind Power Market Revenue (GWh), by Water Depth 2023 & 2031
- Figure 54: Middle East & Africa Offshore Wind Power Market Volume (Thousand Units), by Water Depth 2023 & 2031
- Figure 55: Middle East & Africa Offshore Wind Power Market Revenue Share (%), by Water Depth 2023 & 2031
- Figure 56: Middle East & Africa Offshore Wind Power Market Volume Share (%), by Water Depth 2023 & 2031
- Figure 57: Middle East & Africa Offshore Wind Power Market Revenue (GWh), by Capacity 2023 & 2031
- Figure 58: Middle East & Africa Offshore Wind Power Market Volume (Thousand Units), by Capacity 2023 & 2031
- Figure 59: Middle East & Africa Offshore Wind Power Market Revenue Share (%), by Capacity 2023 & 2031
- Figure 60: Middle East & Africa Offshore Wind Power Market Volume Share (%), by Capacity 2023 & 2031
- Figure 61: Middle East & Africa Offshore Wind Power Market Revenue (GWh), by Country 2023 & 2031
- Figure 62: Middle East & Africa Offshore Wind Power Market Volume (Thousand Units), by Country 2023 & 2031
- Figure 63: Middle East & Africa Offshore Wind Power Market Revenue Share (%), by Country 2023 & 2031
- Figure 64: Middle East & Africa Offshore Wind Power Market Volume Share (%), by Country 2023 & 2031
- Figure 65: Asia Pacific Offshore Wind Power Market Revenue (GWh), by Installation 2023 & 2031
- Figure 66: Asia Pacific Offshore Wind Power Market Volume (Thousand Units), by Installation 2023 & 2031
- Figure 67: Asia Pacific Offshore Wind Power Market Revenue Share (%), by Installation 2023 & 2031
- Figure 68: Asia Pacific Offshore Wind Power Market Volume Share (%), by Installation 2023 & 2031
- Figure 69: Asia Pacific Offshore Wind Power Market Revenue (GWh), by Water Depth 2023 & 2031
- Figure 70: Asia Pacific Offshore Wind Power Market Volume (Thousand Units), by Water Depth 2023 & 2031
- Figure 71: Asia Pacific Offshore Wind Power Market Revenue Share (%), by Water Depth 2023 & 2031
- Figure 72: Asia Pacific Offshore Wind Power Market Volume Share (%), by Water Depth 2023 & 2031
- Figure 73: Asia Pacific Offshore Wind Power Market Revenue (GWh), by Capacity 2023 & 2031
- Figure 74: Asia Pacific Offshore Wind Power Market Volume (Thousand Units), by Capacity 2023 & 2031
- Figure 75: Asia Pacific Offshore Wind Power Market Revenue Share (%), by Capacity 2023 & 2031
- Figure 76: Asia Pacific Offshore Wind Power Market Volume Share (%), by Capacity 2023 & 2031
- Figure 77: Asia Pacific Offshore Wind Power Market Revenue (GWh), by Country 2023 & 2031
- Figure 78: Asia Pacific Offshore Wind Power Market Volume (Thousand Units), by Country 2023 & 2031
- Figure 79: Asia Pacific Offshore Wind Power Market Revenue Share (%), by Country 2023 & 2031
- Figure 80: Asia Pacific Offshore Wind Power Market Volume Share (%), by Country 2023 & 2031
- Figure 81: Europe Offshore Wind Power Market Revenue (GWh), by Installation 2023 & 2031
- Figure 82: Europe Offshore Wind Power Market Volume (Thousand Units), by Installation 2023 & 2031
- Figure 83: Europe Offshore Wind Power Market Revenue Share (%), by Installation 2023 & 2031
- Figure 84: Europe Offshore Wind Power Market Volume Share (%), by Installation 2023 & 2031
- Figure 85: Europe Offshore Wind Power Market Revenue (GWh), by Water Depth 2023 & 2031
- Figure 86: Europe Offshore Wind Power Market Volume (Thousand Units), by Water Depth 2023 & 2031
- Figure 87: Europe Offshore Wind Power Market Revenue Share (%), by Water Depth 2023 & 2031
- Figure 88: Europe Offshore Wind Power Market Volume Share (%), by Water Depth 2023 & 2031
- Figure 89: Europe Offshore Wind Power Market Revenue (GWh), by Capacity 2023 & 2031
- Figure 90: Europe Offshore Wind Power Market Volume (Thousand Units), by Capacity 2023 & 2031
- Figure 91: Europe Offshore Wind Power Market Revenue Share (%), by Capacity 2023 & 2031
- Figure 92: Europe Offshore Wind Power Market Volume Share (%), by Capacity 2023 & 2031
- Figure 93: Europe Offshore Wind Power Market Revenue (GWh), by Country 2023 & 2031
- Figure 94: Europe Offshore Wind Power Market Volume (Thousand Units), by Country 2023 & 2031
- Figure 95: Europe Offshore Wind Power Market Revenue Share (%), by Country 2023 & 2031
- Figure 96: Europe Offshore Wind Power Market Volume Share (%), by Country 2023 & 2031
- Figure 97: South America Offshore Wind Power Market Revenue (GWh), by Installation 2023 & 2031
- Figure 98: South America Offshore Wind Power Market Volume (Thousand Units), by Installation 2023 & 2031
- Figure 99: South America Offshore Wind Power Market Revenue Share (%), by Installation 2023 & 2031
- Figure 100: South America Offshore Wind Power Market Volume Share (%), by Installation 2023 & 2031
- Figure 101: South America Offshore Wind Power Market Revenue (GWh), by Water Depth 2023 & 2031
- Figure 102: South America Offshore Wind Power Market Volume (Thousand Units), by Water Depth 2023 & 2031
- Figure 103: South America Offshore Wind Power Market Revenue Share (%), by Water Depth 2023 & 2031
- Figure 104: South America Offshore Wind Power Market Volume Share (%), by Water Depth 2023 & 2031
- Figure 105: South America Offshore Wind Power Market Revenue (GWh), by Capacity 2023 & 2031
- Figure 106: South America Offshore Wind Power Market Volume (Thousand Units), by Capacity 2023 & 2031
- Figure 107: South America Offshore Wind Power Market Revenue Share (%), by Capacity 2023 & 2031
- Figure 108: South America Offshore Wind Power Market Volume Share (%), by Capacity 2023 & 2031
- Figure 109: South America Offshore Wind Power Market Revenue (GWh), by Country 2023 & 2031
- Figure 110: South America Offshore Wind Power Market Volume (Thousand Units), by Country 2023 & 2031
- Figure 111: South America Offshore Wind Power Market Revenue Share (%), by Country 2023 & 2031
- Figure 112: South America Offshore Wind Power Market Volume Share (%), by Country 2023 & 2031
List of Tables
- Table 1: Global Offshore Wind Power Market Revenue GWh Forecast, by Installation 2018 & 2031
- Table 2: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Installation 2018 & 2031
- Table 3: Global Offshore Wind Power Market Revenue GWh Forecast, by Water Depth 2018 & 2031
- Table 4: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Water Depth 2018 & 2031
- Table 5: Global Offshore Wind Power Market Revenue GWh Forecast, by Capacity 2018 & 2031
- Table 6: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Capacity 2018 & 2031
- Table 7: Global Offshore Wind Power Market Revenue GWh Forecast, by Region 2018 & 2031
- Table 8: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Region 2018 & 2031
- Table 9: Global Offshore Wind Power Market Revenue GWh Forecast, by Installation 2018 & 2031
- Table 10: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Installation 2018 & 2031
- Table 11: Global Offshore Wind Power Market Revenue GWh Forecast, by Water Depth 2018 & 2031
- Table 12: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Water Depth 2018 & 2031
- Table 13: Global Offshore Wind Power Market Revenue GWh Forecast, by Capacity 2018 & 2031
- Table 14: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Capacity 2018 & 2031
- Table 15: Global Offshore Wind Power Market Revenue GWh Forecast, by Region 2018 & 2031
- Table 16: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Region 2018 & 2031
- Table 17: Global Offshore Wind Power Market Revenue GWh Forecast, by Installation 2018 & 2031
- Table 18: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Installation 2018 & 2031
- Table 19: Global Offshore Wind Power Market Revenue GWh Forecast, by Water Depth 2018 & 2031
- Table 20: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Water Depth 2018 & 2031
- Table 21: Global Offshore Wind Power Market Revenue GWh Forecast, by Capacity 2018 & 2031
- Table 22: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Capacity 2018 & 2031
- Table 23: Global Offshore Wind Power Market Revenue GWh Forecast, by Country 2018 & 2031
- Table 24: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Country 2018 & 2031
- Table 25: United States Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 26: United States Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 27: Canada Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 28: Canada Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 29: Mexico Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 30: Mexico Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 31: Rest of North America Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 32: Rest of North America Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 33: Global Offshore Wind Power Market Revenue GWh Forecast, by Installation 2018 & 2031
- Table 34: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Installation 2018 & 2031
- Table 35: Global Offshore Wind Power Market Revenue GWh Forecast, by Water Depth 2018 & 2031
- Table 36: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Water Depth 2018 & 2031
- Table 37: Global Offshore Wind Power Market Revenue GWh Forecast, by Capacity 2018 & 2031
- Table 38: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Capacity 2018 & 2031
- Table 39: Global Offshore Wind Power Market Revenue GWh Forecast, by Country 2018 & 2031
- Table 40: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Country 2018 & 2031
- Table 41: UAE Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 42: UAE Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 43: South Africa Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 44: South Africa Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 45: Saudi Arabia Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 46: Saudi Arabia Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 47: Rest of MEA Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 48: Rest of MEA Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 49: Global Offshore Wind Power Market Revenue GWh Forecast, by Installation 2018 & 2031
- Table 50: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Installation 2018 & 2031
- Table 51: Global Offshore Wind Power Market Revenue GWh Forecast, by Water Depth 2018 & 2031
- Table 52: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Water Depth 2018 & 2031
- Table 53: Global Offshore Wind Power Market Revenue GWh Forecast, by Capacity 2018 & 2031
- Table 54: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Capacity 2018 & 2031
- Table 55: Global Offshore Wind Power Market Revenue GWh Forecast, by Country 2018 & 2031
- Table 56: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Country 2018 & 2031
- Table 57: China Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 58: China Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 59: Japan Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 60: Japan Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 61: India Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 62: India Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 63: South Korea Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 64: South Korea Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 65: Taiwan Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 66: Taiwan Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 67: Australia Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 68: Australia Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 69: Rest of Asia-Pacific Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 70: Rest of Asia-Pacific Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 71: Global Offshore Wind Power Market Revenue GWh Forecast, by Installation 2018 & 2031
- Table 72: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Installation 2018 & 2031
- Table 73: Global Offshore Wind Power Market Revenue GWh Forecast, by Water Depth 2018 & 2031
- Table 74: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Water Depth 2018 & 2031
- Table 75: Global Offshore Wind Power Market Revenue GWh Forecast, by Capacity 2018 & 2031
- Table 76: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Capacity 2018 & 2031
- Table 77: Global Offshore Wind Power Market Revenue GWh Forecast, by Country 2018 & 2031
- Table 78: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Country 2018 & 2031
- Table 79: Germany Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 80: Germany Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 81: France Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 82: France Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 83: Italy Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 84: Italy Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 85: United Kingdom Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 86: United Kingdom Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 87: Netherlands Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 88: Netherlands Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 89: Rest of Europe Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 90: Rest of Europe Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 91: Global Offshore Wind Power Market Revenue GWh Forecast, by Installation 2018 & 2031
- Table 92: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Installation 2018 & 2031
- Table 93: Global Offshore Wind Power Market Revenue GWh Forecast, by Water Depth 2018 & 2031
- Table 94: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Water Depth 2018 & 2031
- Table 95: Global Offshore Wind Power Market Revenue GWh Forecast, by Capacity 2018 & 2031
- Table 96: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Capacity 2018 & 2031
- Table 97: Global Offshore Wind Power Market Revenue GWh Forecast, by Country 2018 & 2031
- Table 98: Global Offshore Wind Power Market Volume Thousand Units Forecast, by Country 2018 & 2031
- Table 99: Brazil Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 100: Brazil Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 101: Argentina Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 102: Argentina Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
- Table 103: Rest of South America Offshore Wind Power Market Revenue (GWh) Forecast, by Application 2018 & 2031
- Table 104: Rest of South America Offshore Wind Power Market Volume (Thousand Units) Forecast, by Application 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 4.91% from 2018-2032 |
| Segmentation |
|
STEP 1 - Identification of Relevant Samples Size from Population Database
STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.
Note* : In applicable scenarios
STEP 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
STEP 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
About Market Research Forecast
MR Forecast provides premium market intelligence on deep technologies that can cause a high level of disruption in the market within the next few years. When it comes to doing market viability analyses for technologies at very early phases of development, MR Forecast is second to none. What sets us apart is our set of market estimates based on secondary research data, which in turn gets validated through primary research by key companies in the target market and other stakeholders. It only covers technologies pertaining to Healthcare, IT, big data analysis, block chain technology, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Energy & Power, Automobile, Agriculture, Electronics, Chemical & Materials, Machinery & Equipment's, Consumer Goods, and many others at MR Forecast. Market: The market section introduces the industry to readers, including an overview, business dynamics, competitive benchmarking, and firms' profiles. This enables readers to make decisions on market entry, expansion, and exit in certain nations, regions, or worldwide. Application: We give painstaking attention to the study of every product and technology, along with its use case and user categories, under our research solutions. From here on, the process delivers accurate market estimates and forecasts apart from the best and most meaningful insights.
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