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Oct 21, 2019 11:00 AM ET

Offshore Wind Power Market 2019- Global Industry Trends, Size, Share, Statistics, Competition Strategies, Application, Region and Analysis 2026

Offshore Wind Power Market 2019- Global Industry Trends, Size, Share, Statistics, Competition Strategies, Application, Region and Analysis 2026

iCrowd Newswire - Oct 21, 2019

Renewable energy is gaining traction across the world, which is expected to encourage growth in the global offshore wind power market. This information was shared by Fortune Business Insights in a report, titled “Offshore Wind Power Market Size, Share and Global Trend by Installation (Fixed Structure, Floating Structure) Capacity (Up to 1 MW, 1 MW to 5 MW, above 5 MW) Application (Shallow Water, Deepwater) and Geography Forecast till 2025.” Germany, Denmark, China, and the U.S. are some of the leading nations in the renewable energy sector. These countries are expected to witness rising investments in offshore wind power projects.

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Top Key Players Mentioned:

“Demand for 1MW to 5MW Capacity is Expected to Rise”

Offshore wind power is used in different capacities. Among these, 1MW to 5MW capacity is expected to cover a major share in the global market. This is followed by up to 1MW capacity segment. The demand for offshore wind turbine is likely to increase in deep water and shallow water. Shallow water is expected to account for a major share in the global market. Installing wind tower especially in lower depth water is easy and helps to reduce capital expenditure.

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Major Table of Content:

  • Introduction

    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions

  • Executive Summary
  • Market Dynamics

    • Market Drivers
    • Market Restraints
    • Market Opportunities

  • Key Insights

    • Key Emerging Trends For Major Countries
    • Latest Technological Advancement
    • Regulatory Landscape
    • Porters Five Forces Analysis
    • Cost Comparison Analysis By Different Component of Wind Turbine

  • Global Offshore Wind Power Market Analysis (MW), Insights and Forecast, 2015-2026

    • Key Findings
    • Market Analysis, Insights and Forecast By Installations

      • Fixed Structure
      • Floating Structure

    • Market Analysis, Insights and Forecast By Capacity

      • Up to 3MW
      • 3 MW to5 MW
      • Above 5MW

    • Market Analysis, Insights and Forecast By Water Depth

      • Up to 30m
      • Above 30m

    • Market Analysis, Insights and Forecast By Region

      • S.
      • K.
      • Germany
      • France
      • Spain
      • Sweden

  • TOC Continued…!

    Speak to Analyst –

    “Increasing Investments in Offshore Wind Projects to Promote Growth in Europe”

    Europe is expected to lead the global offshore wind power market with increasing number of investments in offshore wind projects. Furthermore, the region is likely to hold a major share in the global market owing to favorable governments initiatives. Other factors likely to drive the market are energy security initiatives and decarbonization reforms in Europe. The market in Asia Pacific is anticipated to grow at a considerable rate owing to the overall economic growth. In addition to this, massive wind power potential in countries such as Indonesia, China, and Australia are expected to register growth opportunities by 2025.

    Other regions such as Latin America, North America, and the Middle East and Africa are likely to remain strong in the forecast years.

    “Need to Reduce Carbon Emissions Bodes Well for the Market”

    “The growth of the market is attributable to rising demand for clean energy across the globe,” said a lead analyst at Fortune Business Insights. “This will further lead to reduction of carbon emissions and rising demand for generating electricity, which is expected to drive the market,” he added. Governments across the world are planning to take possible initiatives in order to fulfil rising demand for electricity. This, coupled with lower installation cost of wind power, is expected to boost the offshore wind power market. This, in turn, is anticipated to augment demand for offshore wind turbines in the coming years.

    The demand for sustainable offshore energy can encourage companies to establish offshore wind power plants. The introduction of offshore wind turbines helps to generate electricity, which as a result is expected to evolve the offshore wind power market. The advancements in offshore wind technologies is also anticipated to be a potential growth enabler in the market. These advancements include advanced rotors and onboard sensors in offshore wind turbines.

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    “Mounting Costs Associated with Establishing Power Plants to Restrict Growth”

    Huge capital cost involved in operating a power plant may inhibit the growth of the offshore wind power market. The onshore wind power installation involves less cost than offshore installation. Presence of alternatives is encouraging companies to focus on other forms of green energy such as biogas, solar, CHP, and others.

    “Senvion S.A. Partnered with Renexia to Expand its Product Portfolio”

    In March 2019, Royal Dutch Shell signed an agreement with Eneco and Van Oord to start two offshore wind farm projects with a capacity of 750 MW. Companies are planning to adopt different strategies to strengthen their market share and stay ahead of competition. For instance, Senvion S.A. joined hands with Renexia in March 2019. The objective was to install an offshore wind farm in the Italian Mediterranean Sea.

    Some of the other leading players operating in the global offshore wind power market are MHI Vestas Offshore Wind, Siemens Gamesa Renewable Energy S.A., Adwen, Suzlon Energy Limited, ABB Ltd., Hitachi Ltd., Senvion S.A., Ming Yang Smart Energy Group Co., General Electric, Nordex SE, Envision Energy, and Goldwind.

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    About Us:

    Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.


    Name: Ashwin Arora

    Email: [email protected]

    Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245

    Press Release Distributed by The Express Wire

    To view the original version on The Express Wire visit Offshore Wind Power Market 2019- Global Industry Trends, Size, Share, Statistics, Competition Strategies, Application, Region and Analysis 2026


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