U.S. Geotechnical Services for Offshore Wind MarketU.S. Geotechnical Services for Offshore Wind Market Unlocking Growth Opportunities: Analysis and Forecast 2024-2032
U.S. Geotechnical Services for Offshore Wind Market by Service (Cone Penetrating Testing (CPT), by Forecast 2024-2032
Base Year: 2023
150 Pages
U.S. Geotechnical Services for Offshore Wind Market Unlocking Growth Opportunities: Analysis and Forecast 2024-2032
Key Insights
The U.S. Geotechnical Services for Offshore Wind Market size was valued at USD 3.87 USD Million in 2023 and is projected to reach USD 14.87 USD Million by 2032, exhibiting a CAGR of 21.20 % during the forecast period. Geotechnical services for offshore wind refer to the professional services of special engineering and geology that are crucial in designing and implementing offshore wind structures. These services also help to provide necessary stability and safety of the turbines on the bottom of the sea. Its applications are site surveys, foundation design and assessment of environmental impacts. The key types of services are geophysical surveys, geotechnical drilling, and analysis of data collected in these activities. Some of the benefits of geotechnical service encompass precise determination of foundation, safety measures and durability of wind energy farms. They also contribute to risk reduction concerning the seabed regarding the conditions on the ocean floor. Recent innovations that formed part of the market dynamics for buildings in the US include the use of latest techniques such as remote sensing, enhanced integration of data to improve the models, and more application of environmentally friendly products. Also, more advanced plans and methods are being put in place to ensure that assessment of the environment is done adequately and in compliance with various regulatory rules on sustainability.
U.S. Geotechnical Services for Offshore Wind Trends
- Growing demand for renewable energy sources
- Government incentives to promote offshore wind development
- Technological advancements in the offshore wind industry
Driving Forces: What's Propelling the U.S. Geotechnical Services for Offshore Wind Market
- Increasing demand for renewable energy sources
- Government incentives to promote offshore wind development
- Technological advancements in the offshore wind industry
Challenges and Restraints in U.S. Geotechnical Services for Offshore Wind Market
- High cost of offshore wind development
- Environmental concerns
- Lack of skilled workforce
Emerging Trends in U.S. Geotechnical Services for Offshore Wind
- Use of drones for geotechnical surveys
- Development of new geotechnical testing methods
- Use of artificial intelligence and machine learning to improve geotechnical data analysis
Growth Catalysts in U.S. Geotechnical Services for Offshore Wind Industry
- Government incentives to promote offshore wind development
- Increasing demand for renewable energy sources
- Technological advancements in the offshore wind industry
Market Segmentation: U.S. Geotechnical Services for Offshore Wind Analysis
Service:
- Cone Penetrating Testing (CPT)
- Borehole Logging
- Seabed Mapping
- Geophysical Surveys
- Geotechnical Engineering
Leading Players in the U.S. Geotechnical Services for Offshore Wind Market
- MOTT MACDONALD (U.S.)
- Shoreline (U.S.)
- Geotill Inc. (U.S.)
- GEOSYNTEC (U.S.)
- Benthic (Acteon) (U.S.)
- Fugro (Netherlands)
- Geoquip Marine (Switzerland)
- ABL Group (Norway)
- Braun Intertec (U.S.)
- Haley & Aldrich, Inc. (U.S.)
Significant developments in U.S. Geotechnical Services for Offshore Wind Sector
- May 2022 – Fugro brings a high-efficiency geotechnical rig to the U.S. for Atlantic Shores Offshore Wind.
- November 2022 – Global offshore geotechnical specialist Geoquip Marine finished offshore investigations as part of an intensive contract for BP’s Beacon Wind development and Equinor offshore from Massachusetts, U.S.
- June 2019 – Geoquip Marine has again partnered with Vineyard Wind to begin geotechnical operations of the 501 North Federal Area.
Comprehensive Coverage U.S. Geotechnical Services for Offshore Wind Market Report
This report provides a comprehensive overview of the U.S. geotechnical services for offshore wind market, including key market trends, drivers, restraints, challenges, and opportunities. The report also provides a detailed analysis of the market segmentation and leading players in the industry.
Regional Insight
The U.S. geotechnical services for offshore wind market is segmented into four regions: Northeast, Mid-Atlantic, South Atlantic, and Gulf of Mexico. The Northeast region is expected to hold the largest share of the market during the forecast period, due to the presence of a number of offshore wind projects in the region.
Technology Analysis
The report provides a detailed analysis of the latest technologies used in the U.S. geotechnical services for offshore wind market. The report also provides insights into the future trends and developments in the market.
Pestle Analysis
The report provides a PESTLE analysis of the U.S. geotechnical services for offshore wind market. The analysis provides insights into the political, economic, social, technological, legal, and environmental factors that are affecting the market.
Porter's Five Force Analysis
The report provides a Porter's Five Force analysis of the U.S. geotechnical services for offshore wind market. The analysis provides insights into the competitive landscape of the market and the factors that are affecting the profitability of the industry.
BCG Matrix
The report provides a BCG matrix analysis of the U.S. geotechnical services for offshore wind market. The analysis provides insights into the market share and growth potential of the leading players in the industry.
Import & Export Analysis
The report provides a detailed analysis of the import and export trends in the U.S. geotechnical services for offshore wind market. The analysis provides insights into the trade flows and the countries that are the major importers and exporters of geotechnical services for offshore wind.
Production & Consumption
The report provides a detailed analysis of the production and consumption trends in the U.S. geotechnical services for offshore wind market. The analysis provides insights into the supply and demand dynamics of the market.
Regulatory Landscape
The report provides a detailed analysis of the regulatory landscape in the U.S. geotechnical services for offshore wind market. The analysis provides insights into the regulations and policies that are affecting the market.
Website link: https://www.mordorintelligence.com/industry-reports/us-geotechnical-services-for-offshore-wind-market
U.S. Geotechnical Services for Offshore Wind 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 21.20% 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. Growing Focus on Safety and Organization to Fuel Market Growth
- 3.3. Market Restrains
- 3.3.1. High Cost of Offshore Geotechnical Services Hinders Market Demand
- 3.4. Market Trends
- 3.4.1. Growth of IT Infrastructure to Bolster the Demand for Modern Cable Tray Management Solutions
- 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. U.S. Geotechnical Services for Offshore Wind Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Service
- 5.1.1. Cone Penetrating Testing (CPT
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1.
- 5.1. Market Analysis, Insights and Forecast - by Service
- 6. Northeast U.S. Geotechnical Services for Offshore Wind Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Service
- 6.1.1. Cone Penetrating Testing (CPT)
- 7. Southeast U.S. Geotechnical Services for Offshore Wind Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Service
- 7.1.1. Cone Penetrating Testing (CPT)
- 8. Midwest U.S. Geotechnical Services for Offshore Wind Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Service
- 8.1.1. Cone Penetrating Testing (CPT)
- 9. Southwest U.S. Geotechnical Services for Offshore Wind Market Analysis, Insights and Forecast, 2018-2030
- 9.1. Market Analysis, Insights and Forecast - By Service
- 9.1.1. Cone Penetrating Testing (CPT)
- 10. West U.S. Geotechnical Services for Offshore Wind Market Analysis, Insights and Forecast, 2018-2030
- 10.1. Market Analysis, Insights and Forecast - By Service
- 10.1.1. Cone Penetrating Testing (CPT)
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2023
- 11.2. Company Profiles
- 11.2.1 MOTT MACDONALD (U.S.)
- 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 Shoreline (U.S.)
- 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 Geotill Inc. (U.S.)
- 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 GEOSYNTEC (U.S.)
- 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 Benthic (Acteon) (U.S.)
- 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 Fugro (Netherlands)
- 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 Geoquip Marine (Switzerland)
- 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 ABL Group (Norway)
- 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 Braun Intertec (U.S.)
- 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 Haley & Aldrich Inc. (U.S.)
- 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)
- 11.2.1 MOTT MACDONALD (U.S.)
List of Figures
- Figure 1: U.S. Geotechnical Services for Offshore Wind Market Revenue Breakdown (USD Million, %) by Product 2023 & 2031
- Figure 2: U.S. Geotechnical Services for Offshore Wind Market Value Share (%), by Service 2023 & 2031
- Figure 3: U.S. Geotechnical Services for Offshore Wind Market Share (%) by Company 2023
List of Tables
- Table 1: U.S. Geotechnical Services for Offshore Wind Market Revenue USD Million Forecast, by Service 2018 & 2031
- Table 2: U.S. Geotechnical Services for Offshore Wind Market Revenue USD Million Forecast, by Region 2018 & 2031
- Table 3: U.S. Geotechnical Services for Offshore Wind Market Revenue USD Million Forecast, by Service 2018 & 2031
- Table 4: U.S. Geotechnical Services for Offshore Wind Market Revenue USD Million Forecast, by Region 2018 & 2031
- Table 5: U.S. Geotechnical Services for Offshore Wind Market Revenue USD Million Forecast, by Service 2018 & 2031
- Table 6: U.S. Geotechnical Services for Offshore Wind Market Revenue USD Million Forecast, by Country 2018 & 2031
- Table 7: Northeast U.S. Geotechnical Services for Offshore Wind Market Revenue (USD Million) Forecast, by Application 2018 & 2031
- Table 8: Southeast U.S. Geotechnical Services for Offshore Wind Market Revenue (USD Million) Forecast, by Application 2018 & 2031
- Table 9: Midwest U.S. Geotechnical Services for Offshore Wind Market Revenue (USD Million) Forecast, by Application 2018 & 2031
- Table 10: Southwest U.S. Geotechnical Services for Offshore Wind Market Revenue (USD Million) Forecast, by Application 2018 & 2031
- Table 11: West U.S. Geotechnical Services for Offshore Wind Market Revenue (USD Million) Forecast, by Application 2018 & 2031
- Table 12: U.S. Geotechnical Services for Offshore Wind Market Revenue USD Million Forecast, by Service 2018 & 2031
- Table 13: U.S. Geotechnical Services for Offshore Wind Market Revenue USD Million Forecast, by Country 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 21.20% from 2018-2032 |
| Segmentation |
|
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Primary Research
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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.
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