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Offshore Wind Energy Market By Component (Turbine, Substructure, Electrical Infrastructure and Others) and By Location (Shallow Water, Transitional Water and Deep Water): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026

  • Publish On: Jun-2020
  • Total Pages: 174
  • Report Code: FAF-1216
  • Base Year: 2019
  • Format:

Industry Insights

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Offshore wind energy industry. The report analyzes and declares the historical and current trends analysis of the offshore wind energy industry and subsequently recommends the projected trends anticipated to be observed in the offshore wind energy market during the upcoming years.

The offshore wind energy market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire offshore wind energy market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Billion) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the offshore wind energy industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the offshore wind energy industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the offshore wind energy market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the offshore wind energy industry. The offshore wind energy market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the offshore wind energy sector. Key strategic developments in the Offshore wind energy market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the offshore wind energy market are appropriately highlighted in the report.

The market is expected to grow at significant rate over the forecast period owing to increased demand for renewable energy resources. The benefits associated with the installation of offshore wind energy platforms includes limited land usage, reduced human intervention and low maintenance.

Furthermore, the governments across the world has positive inclination towards optimum use of renewable energy resources in wake of changing climatic conditions have benefitted to the growth of offshore wind energy market.

The offshore wind energy market research report delivers an acute valuation and taxonomy of the offshore wind energy industry by practically splitting the market based on component, location and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the offshore wind energy industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the offshore wind energy industry is provided for the leading economies of the world.

The offshore wind energy market is segmented based on component, location and region. On the basis of component segmentation, the market is classified into turbine, substructure, electrical infrastructure and others. On the basis of location, the market is bifurcated into shallow water, transitional water and deep water.

Some of the essential players operating in the offshore wind energy market, but not restricted to include Nexans, ABB Ltd., Siemens AG, General Electric, MHI Vestas, EEW Group and A2Sea.

The taxonomy of the offshore wind energy industry by its scope and segmentation is as follows:

Global Offshore Wind Energy Market: By Component Segmentation Analysis

  • Turbine
  • Substructure
  • Electrical Infrastructure
  • Others

Global Offshore Wind Energy Market: By Location Segmentation Analysis

  • Shallow Water
  • Transitional Water
  • Deep Water

Global Offshore wind energy Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

KEY REPORT POINTERS & HIGHLIGHTS:

  • Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
  • Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
  • Micro, Meso, Macro, and In-Depth Analysis of Technically relevant and Commercially viable Segments and Sub-segments of the Market
  • Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
  • Historical and Current Demand (Consumption) and Supply (Production) Scenarios as well as Projected Supply-Demand Scenario Analysis
  • Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
  • Value Chain and Supply Chain Analysis along with Horizontal and Vertical Integration Scenarios
  • Manufacturing and Production Cost Structure Analysis including Labor Cost, Raw Material Expenses, and Other Manufacturing Expenses, wherever relevant
  • Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market
  • Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward
  • Technological Roadmap, Patents Analysis, Potential Substitutes, and Technical Analysis
  • The professionally substantiated market research report study is calculated, constructed, and assembled by implementing a Robust Research Methodology. The Triangular Process comprises a buoyant mix of Exhaustive Primary Research (focused interviews, questionnaires, and ad-hoc surveys) and Extended Secondary Research (paid external databases, proprietary in-house database, and publically-available validated sources), where it is finally triangulated and validated through in-house industry experts, industry leaders, and independent consultants through a tri-level quality check practice.

Table of Content

  1. CHAPTER 1. Executive Summary
  2. CHAPTER 2. Offshore Wind Energy market – Component Analysis
    1. 2.1. Global Offshore Wind Energy Market – Component Overview
    2. 2.2. Global Offshore Wind Energy Market Share, by Component, 2019 & 2026 (USD Billion)
    3. 2.3. Turbine
      1. 2.3.1. Global Turbine Offshore Wind Energy Market, 2016-2026 (USD Billion)
    4. 2.4. Substructure
      1. 2.4.1. Global Substructure Offshore Wind Energy Market, 2016-2026 (USD Billion)
    5. 2.5. Electrical Infrastructure
      1. 2.5.1. Global Electrical Infrastructure Offshore Wind Energy Market, 2016-2026 (USD Billion)
    6. 2.6. Others
      1. 2.6.1. Global Others Offshore Wind Energy Market, 2016-2026 (USD Billion)
  3. CHAPTER 3. Offshore Wind Energy market – Location Analysis
    1. 3.1. Global Offshore Wind Energy Market – Location Overview
    2. 3.2. Global Offshore Wind Energy Market Share, by Location, 2019 & 2026 (USD Billion)
    3. 3.3. Shallow Water
      1. 3.3.1. Global Shallow Water Offshore Wind Energy Market, 2016-2026 (USD Billion)
    4. 3.4. Transitional Water
      1. 3.4.1. Global Transitional Water Offshore Wind Energy Market, 2016-2026 (USD Billion)
    5. 3.5. Deep Water
      1. 3.5.1. Global Deep Water Offshore Wind Energy Market, 2016-2026 (USD Billion)
  4. CHAPTER 4. Offshore Wind Energy market – Regional Analysis
    1. 4.1. Global Offshore Wind Energy Market Regional Overview
    2. 4.2. Global Offshore Wind Energy Market Share, by Region, 2019 & 2026 (Value)
    3. 4.3. North America
      1. 4.3.1. North America Offshore Wind Energy Market size and forecast, 2016-2026
      2. 4.3.2. North America Offshore Wind Energy Market, by Country, 2019 & 2026 (USD Billion)
      3. 4.3.3. North America Offshore Wind Energy Market, by Component, 2016-2026
        1. 4.3.3.1. North America Offshore Wind Energy Market, by Component, 2016-2026 (USD Billion)
      4. 4.3.4. North America Offshore Wind Energy Market, by Location, 2016-2026
        1. 4.3.4.1. North America Offshore Wind Energy Market, by Location, 2016-2026 (USD Billion)
      5. 4.3.5. U.S.
        1. 4.3.5.1. U.S. Market size and forecast, 2016-2026 (USD Billion)
      6. 4.3.6. Canada
        1. 4.3.6.1. Canada Market size and forecast, 2016-2026 (USD Billion)
    4. 4.4. Europe
      1. 4.4.1. Europe Offshore Wind Energy Market size and forecast, 2016-2026
      2. 4.4.2. Europe Offshore Wind Energy Market, by Country, 2019 & 2026 (USD Billion)
      3. 4.4.3. Europe Offshore Wind Energy Market, by Component, 2016-2026
        1. 4.4.3.1. Europe Offshore Wind Energy Market, by Component, 2016-2026 (USD Billion)
      4. 4.4.4. Europe Offshore Wind Energy Market, by Location, 2016-2026
        1. 4.4.4.1. Europe Offshore Wind Energy Market, by Location, 2016-2026 (USD Billion)
      5. 4.4.5. Germany
        1. 4.4.5.1. Germany Market size and forecast, 2016-2026 (USD Billion)
      6. 4.4.6. France
        1. 4.4.6.1. France Market size and forecast, 2016-2026 (USD Billion)
      7. 4.4.7. U.K.
        1. 4.4.7.1. U.K. Market size and forecast, 2016-2026 (USD Billion)
      8. 4.4.8. Italy
        1. 4.4.8.1. Italy Market size and forecast, 2016-2026 (USD Billion)
      9. 4.4.9. Spain
        1. 4.4.9.1. Spain Market size and forecast, 2016-2026 (USD Billion)
      10. 4.4.10. Rest of Europe
        1. 4.4.10.1. Rest of Europe Market size and forecast, 2016-2026 (USD Billion)
    5. 4.5. Asia Pacific
      1. 4.5.1. Asia Pacific Offshore Wind Energy Market size and forecast, 2016-2026
      2. 4.5.2. Asia Pacific Offshore Wind Energy Market, by Country, 2019 & 2026 (USD Billion)
      3. 4.5.3. Asia Pacific Offshore Wind Energy Market, by Component, 2016-2026
        1. 4.5.3.1. Asia Pacific Offshore Wind Energy Market, by Component, 2016-2026 (USD Billion)
      4. 4.5.4. Asia Pacific Offshore Wind Energy Market, by Location, 2016-2026
        1. 4.5.4.1. Asia Pacific Offshore Wind Energy Market, by Location, 2016-2026 (USD Billion)
      5. 4.5.5. China
        1. 4.5.5.1. China Market size and forecast, 2016-2026 (USD Billion)
      6. 4.5.6. Japan
        1. 4.5.6.1. Japan Market size and forecast, 2016-2026 (USD Billion)
      7. 4.5.7. India
        1. 4.5.7.1. India Market size and forecast, 2016-2026 (USD Billion)
      8. 4.5.8. South Korea
        1. 4.5.8.1. South Korea Market size and forecast, 2016-2026 (USD Billion)
      9. 4.5.9. South-East Asia
        1. 4.5.9.1. South-East Asia Market size and forecast, 2016-2026 (USD Billion)
      10. 4.5.10. Rest of Asia Pacific
        1. 4.5.10.1. Rest of Asia Pacific Market size and forecast, 2016-2026 (USD Billion)
    6. 4.6. Latin America
      1. 4.6.1. Latin America Offshore Wind Energy Market size and forecast, 2016-2026
      2. 4.6.2. Latin America Offshore Wind Energy Market, by Country, 2019 & 2026 (USD Billion)
      3. 4.6.3. Latin America Offshore Wind Energy Market, by Component, 2016-2026
        1. 4.6.3.1. Latin America Offshore Wind Energy Market, by Component, 2016-2026 (USD Billion)
      4. 4.6.4. Latin America Offshore Wind Energy Market, by Location, 2016-2026
        1. 4.6.4.1. Latin America Offshore Wind Energy Market, by Location, 2016-2026 (USD Billion)
      5. 4.6.5. Brazil
        1. 4.6.5.1. Brazil Market size and forecast, 2016-2026 (USD Billion)
      6. 4.6.6. Mexico
        1. 4.6.6.1. Mexico Market size and forecast, 2016-2026 (USD Billion)
      7. 4.6.7. Rest of Latin America
        1. 4.6.7.1. Rest of Latin America Market size and forecast, 2016-2026 (USD Billion)
    7. 4.7. The Middle-East and Africa
      1. 4.7.1. The Middle-East and Africa Offshore Wind Energy Market size and forecast, 2016-2026
      2. 4.7.2. The Middle-East and Africa Offshore Wind Energy Market, by Country, 2019 & 2026 (USD Billion)
      3. 4.7.3. The Middle-East and Africa Offshore Wind Energy Market, by Component, 2016-2026
        1. 4.7.3.1. The Middle-East and Africa Offshore Wind Energy Market, by Component, 2016-2026 (USD Billion)
      4. 4.7.4. The Middle-East and Africa Offshore Wind Energy Market, by Location, 2016-2026
        1. 4.7.4.1. The Middle-East and Africa Offshore Wind Energy Market, by Location, 2016-2026 (USD Billion)
      5. 4.7.5. GCC Countries
        1. 4.7.5.1. GCC Countries Market size and forecast, 2016-2026 (USD Billion)
      6. 4.7.6. South Africa
        1. 4.7.6.1. South Africa Market size and forecast, 2016-2026 (USD Billion)
      7. 4.7.7. Rest of Middle-East Africa
        1. 4.7.7.1. Rest of Middle-East Africa Market size and forecast, 2016-2026 (USD Billion)
  5. CHAPTER 5. Offshore Wind Energy market – Competitive Landscape
    1. 5.1. Competitor Market Share – Revenue
    2. 5.2. Market Concentration Rate Analysis, Top 3 and Top 5 Players
    3. 5.3. Strategic Development
      1. 5.3.1. Acquisitions and Mergers
      2. 5.3.2. New Products
      3. 5.3.3. Research & Development Activities
  6. CHAPTER 6. Company Profiles
    1. 6.1. Nexans
      1. 6.1.1. Company Overview
      2. 6.1.2. Nexans Revenue and Gross Margin
      3. 6.1.3. Product portfolio
      4. 6.1.4. Recent initiatives
    2. 6.2. ABB Ltd.
      1. 6.2.1. Company Overview
      2. 6.2.2. ABB Ltd. Revenue and Gross Margin
      3. 6.2.3. Product portfolio
      4. 6.2.4. Recent initiatives
    3. 6.3. Siemens AG
      1. 6.3.1. Company Overview
      2. 6.3.2. Siemens AG Revenue and Gross Margin
      3. 6.3.3. Product portfolio
      4. 6.3.4. Recent initiatives
    4. 6.4. General Electric
      1. 6.4.1. Company Overview
      2. 6.4.2. General Electric Revenue and Gross Margin
      3. 6.4.3. Product portfolio
      4. 6.4.4. Recent initiatives
    5. 6.5. MHI Vestas
      1. 6.5.1. Company Overview
      2. 6.5.2. MHI Vestas Revenue and Gross Margin
      3. 6.5.3. Product portfolio
      4. 6.5.4. Recent initiatives
    6. 6.6. EEW Group
      1. 6.6.1. Company Overview
      2. 6.6.2. EEW Group Revenue and Gross Margin
      3. 6.6.3. Product portfolio
      4. 6.6.4. Recent initiatives
    7. 6.7. A2Sea
      1. 6.7.1. Company Overview
      2. 6.7.2. A2Sea Revenue and Gross Margin
      3. 6.7.3. Product portfolio
      4. 6.7.4. Recent initiatives
  7. CHAPTER 7. Offshore Wind Energy — Industry Analysis
    1. 7.1. Offshore Wind Energy Market – Key Trends
      1. 7.1.1. Market Drivers
      2. 7.1.2. Market Restraints
      3. 7.1.3. Market Opportunities
    2. 7.2. Value Chain Analysis
    3. 7.3. Technology Roadmap and Timeline
    4. 7.4. Offshore Wind Energy Market – Attractiveness Analysis
      1. 7.4.1. By Component
      2. 7.4.2. By Location
      3. 7.4.3. By Region
  8. CHAPTER 8. Marketing Strategy Analysis, Distributors
    1. 8.1. Marketing Channel
    2. 8.2. Direct Marketing
    3. 8.3. Indirect Marketing
    4. 8.4. Marketing Channel Development Trend
    5. 8.5. Economic/Political Environmental Change
  9. CHAPTER 9. Report Conclusion
  10. CHAPTER 10. Research Approach & Methodology
    1. 10.1. Report Description
    2. 10.2. Research Scope
    3. 10.3. Research Methodology
      1. 10.3.1. Secondary Research
      2. 10.3.2. Primary Research
      3. 10.3.3. Models
        1. 10.3.3.1. Company Share Analysis Model
        2. 10.3.3.2. Revenue Based Modeling
        3. 10.3.3.3. Research Limitations

        List of Figures

        FIG. 1 Global Offshore Wind Energy Market, 2016-2026 (USD Billion)
        FIG. 2 Global Offshore Wind Energy Market Share, by Component, 2019 & 2026 (USD Billion)
        FIG. 3 Global Turbine Offshore Wind Energy Market, 2016-2026 (USD Billion)
        FIG. 4 Global Substructure Offshore Wind Energy Market, 2016-2026 (USD Billion)
        FIG. 5 Global Electrical Infrastructure Offshore Wind Energy Market, 2016-2026 (USD Billion)
        FIG. 6 Global Others Offshore Wind Energy Market, 2016-2026 (USD Billion)
        FIG. 7 Global Offshore Wind Energy Market Share, by Location, 2019 & 2026 (USD Billion)
        FIG. 8 Global Shallow Water Offshore Wind Energy Market, 2016-2026 (USD Billion)
        FIG. 9 Global Transitional Water Offshore Wind Energy Market, 2016-2026 (USD Billion)
        FIG. 10 Global Deep Water Offshore Wind Energy Market, 2016-2026 (USD Billion)
        FIG. 11 Global Offshore Wind Energy Market Share, by Region, 2019 & 2026
        FIG. 12 North America Offshore Wind Energy Market, 2016-2026
        FIG. 13 U.S. Offshore Wind Energy Market, 2016-2026
        FIG. 14 Canada Offshore Wind Energy Market, 2016-2026
        FIG. 15 Europe Offshore Wind Energy Market, 2016-2026
        FIG. 16 Germany Offshore Wind Energy Market, 2016-2026
        FIG. 17 France Offshore Wind Energy Market, 2016-2026
        FIG. 18 U.K. Offshore Wind Energy Market, 2016-2026
        FIG. 19 Italy Offshore Wind Energy Market, 2016-2026
        FIG. 20 Spain Offshore Wind Energy Market, 2016-2026
        FIG. 21 Rest of Europe Offshore Wind Energy Market, 2016-2026
        FIG. 22 Asia Pacific Offshore Wind Energy Market, 2016-2026
        FIG. 23 China Offshore Wind Energy Market, 2016-2026
        FIG. 24 Japan Offshore Wind Energy Market, 2016-2026
        FIG. 25 India Offshore Wind Energy Market, 2016-2026
        FIG. 26 South  Korea Offshore Wind Energy Market, 2016-2026
        FIG. 27 South-East Asia Offshore Wind Energy Market, 2016-2026
        FIG. 28 Rest of Asia Pacific Offshore Wind Energy Market, 2016-2026
        FIG. 29 Latin America Offshore Wind Energy Market, 2016-2026
        FIG. 30 Brazil Offshore Wind Energy Market, 2016-2026
        FIG. 31 Mexico Offshore Wind Energy Market, 2016-2026
        FIG. 32 Rest of Latin America Offshore Wind Energy Market, 2016-2026
        FIG. 33 The Middle-East and Africa Offshore Wind Energy Market, 2016-2026
        FIG. 34 GCC Countries Offshore Wind Energy Market, 2016-2026
        FIG. 35 South Africa Offshore Wind Energy Market, 2016-2026
        FIG. 36 Rest of Middle-East Africa Offshore Wind Energy Market, 2016-2026
        FIG. 37 Competitor Market Share – Revenue
        FIG. 38 Nexans Revenue and Growth Rate
        FIG. 39 Nexans Market Share
        FIG. 40 ABB Ltd. Revenue and Growth Rate
        FIG. 41 ABB Ltd. Market Share
        FIG. 42 Siemens AG Revenue and Growth Rate
        FIG. 43 Siemens AG Market Share
        FIG. 44 General Electric Revenue and Growth Rate
        FIG. 45 General Electric Market Share
        FIG. 46 MHI Vestas Revenue and Growth Rate
        FIG. 47 MHI Vestas Market Share
        FIG. 48 EEW Group Revenue and Growth Rate
        FIG. 49 EEW Group Market Share
        FIG. 50 A2Sea Revenue and Growth Rate
        FIG. 51 A2Sea Market Share
        FIG. 52 Market Dynamics
        FIG. 53 Global Offshore Wind Energy – Value Chain Analysis
        FIG. 54 Technology Roadmap and Timeline
        FIG. 55 Market Attractiveness Analysis – By Component
        FIG. 56 Market Attractiveness Analysis – By Location
        FIG. 57 Market Attractiveness Analysis – By Region
        FIG. 58 Market Channel
        FIG. 59 Marketing Channel Development Trend
        FIG. 60 Growth in World Gross Product, 2008-2019

        List of Tables

        TABLE 1 Global Offshore Wind Energy Market, 2019 & 2026 (USD Billion)
        TABLE 2 Global Offshore Wind Energy market, by Component, 2016-2026 (USD Billion)
        TABLE 3 Global Offshore Wind Energy market, by Location, 2016-2026 (USD Billion)
        TABLE 4 Global Offshore Wind Energy market, by Region, 2016-2026 (USD Billion)
        TABLE 5 North America Offshore Wind Energy Market, by Component, 2016-2026 (USD Billion)
        TABLE 6 North America Offshore Wind Energy Market, by Location, 2016-2026 (USD Billion)
        TABLE 7 Europe Offshore Wind Energy Market, by Component, 2016-2026 (USD Billion)
        TABLE 8 Europe Offshore Wind Energy Market, by Location, 2016-2026 (USD Billion)
        TABLE 9 Asia Pacific Offshore Wind Energy Market, by Component, 2016-2026 (USD Billion)
        TABLE 10 Asia Pacific Offshore Wind Energy Market, by Location, 2016-2026 (USD Billion)
        TABLE 11 Latin America Offshore Wind Energy Market, by Component, 2016-2026 (USD Billion)
        TABLE 12 Latin America Offshore Wind Energy Market, by Location, 2016-2026 (USD Billion)
        TABLE 13 The Middle-East and Africa Offshore Wind Energy Market, by Component, 2016-2026 (USD Billion)
        TABLE 14 The Middle-East and Africa Offshore Wind Energy Market, by Location, 2016-2026 (USD Billion)
        TABLE 15 Global Offshore Wind Energy Market - Company Revenue Analysis 2016-2019 (USD Billion)
        TABLE 16 Global Offshore Wind Energy Market - Company Revenue Share Analysis 2016-2019(%)
        TABLE 17 Acquisitions and Mergers
        TABLE 18 New Product/Service Launch
        TABLE 19 Research & Development Activities
        TABLE 20 Market Drivers
        TABLE 21 Market Restraints
        TABLE 22 Market Opportunities

Key Insights from Primary Research

  • Extensive interviews with CXO’s of the major companies operating in the global offshore wind energy market, the primary research concludes that the global offshore wind energy market to witness a substantial growth of nearly 13.5% over the forecast period.
  • In the year 2019, the market was valued at approximately USD 36 Billion, in 2019 and is expected to be valued over USD 87.5 Billion by 2026.
  • On the basis of the component segment, electric infrastructure is expected to exhibit highest growth rate during the forecast period. Major factors responsible for market growth of electric infrastructure is the growth of land-based electricity transmission infrastructure.
  • The shallow water installation is expected to register highest growth among the location. The shallow water installation is expected to continue its dominating trend throughout the forecast period.
  • Europe region is expected to be the largest revenue generating region for offshore wind energy over the forecast period. The Asia Pacific region market is expected to exhibit highest growth in the global offshore wind energy market.

Key Recommendations from Analysts

  • Our analysts recommend for increased focus towards the Asia Pacific  region as it has is expected to have higher installation in near future. The presence of strong economies in coastal areas provides immense potential of growth in the region.
  • The strategic developments such as regional expansion and product innovations by the major companies is likely to boom the global offshore wind energy sale over the up-coming years.
  • Our analysts recommend that the Asia Pacific region is predicted to witness a significant growth attributed to the growing demand for offshore wind energy from China, Japan and South Korea.
  • Rising economic conditions, expanding industrial base and government favourable policies in the Asia Pacific region are anticipated to fuel the offshore wind energy market growth over the foreseeable future.
  • The North America and the European region are expected to remain significant source of revenue during the studied period. Regional dominance in these regions are expected to provide additional capital capabilities for expansion beyond the borders.

Market Share Analysis by Region

 

Industry Major Market Players

  • Nexans
  • ABB Ltd.
  • Siemens AG
  • General Electric
  • MHI Vestas
  • EEW Group
  • A2Sea.

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