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Global Offshore Wind Turbine Market 2017-2021

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Overall wind installation growth rate by region
      • Table Cost breakdown of wind turbine components (%)
      • Table Wind turbine components
      • Table Applications of CMS
    • Wind turbine technology value chain
      • Table Wind turbine value chain
  • Market landscape
    • Market overview
      • Table Global offshore wind turbine market segmentation
    • Market size and forecast
      • Table Global offshore wind turbine market 2016-2021 (MW)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by substructures
    • Global offshore wind turbine market by substructures
      • Table Global offshore wind turbine market by substructures 2016 and 2021 (%)
      • Table Global offshore wind turbine market by substructures 2016-2021 (MW)
    • Global offshore wind turbine market by monopile substructure segment
      • Table Global offshore wind turbine market by monopile substructure segment 2016-2021 (MW)
    • Global offshore wind turbine market by gravity foundation substructure segment
      • Table Global offshore wind turbine market by gravity foundation substructure segment 2016-2021 (MW)
  • Geographical segmentation
    • Global offshore wind turbine market by geography
      • Table Global offshore wind turbine market by geography 2016 and 2021 (%)
      • Table Global offshore wind turbine market by geography 2016-2021 (MW)
    • Offshore wind turbine market in EMEA
      • Table Offshore wind turbine market in EMEA 2016-2021 (MW)
      • Table Germany wind power capacity 2010-2016 (MW)
      • Table UK wind power capacity 2010-2016 (MW)
    • Offshore wind turbine market in APAC
      • Table Offshore wind turbine market in APAC 2016-2021 (MW)
    • Offshore wind turbine market in the Americas
      • Table Offshore wind turbine market in the Americas 2016-2021 (MW)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table New wind installation targets by 2020 (%)
      • Table Global wind power installation 2016 (MW)
      • Table Global cumulative offshore wind power installation 2016 (MW)
      • Table Global cumulative offshore wind installation capacity 2006-2016 (MW)
      • Table Indexed global offshore wind installed cost 2000-2016
    • Market challenges
      • Table Component malfunction leading to wind turbine failure (%)
      • Table Typical offshore and onshore wind energy cost assessment 2016 ($ per MWh)
  • Market trends
    • Reduction in cost for wind energy
    • Rise in patent filings
      • Table Patent filings in offshore wind turbines 2001-2015 (%)
      • Table Cumulative patent filings in offshore wind turbines 2000-2013
    • R&D in direct drive generators
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors: Global offshore wind turbine market
  • Key vendor analysis
    • ADWEN
      • Table ADWEN: Key products
    • MHI Vestas Offshore Wind
      • Table MHI Vestas Offshore Wind: Key products
    • Senvion
      • Table Senvion: Key products
    • Siemens Wind Power
      • Table Siemens Wind Power: Key products
  • Appendix
    • List of abbreviations
  • Explore Technavio

Global Offshore Wind Turbine Market 2017-2021

About Offshore Wind Turbine

Offshore wind power or wind energy is the use of offshore constructed wind farms, usually on the continental shelf, to harvest wind energy and convert it into electrical energy. This electrical energy is transferred to an electrical grid and then to commercial and residential areas. Power generated from wind is one of the cleanest sources of power generation. The existing energy in the wind turns the turbine blades around the rotor, which is coupled to the main shaft that rotates the generator to produce electricity. Conventional power generation is slowly losing its sheen owing to growing environmental awareness. Renewable energy sources, such as wind and solar, have gained popularity worldwide.

Technavio’s analysts forecast the global offshore wind turbine market to grow at a CAGR of 20% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global offshore wind turbine market for 2017-2021. To calculate the market size, the report considers the new installations and exclude the retrofit/spares market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Offshore Wind Turbine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ADWEN,
  • MHI Vestas Offshore Wind,
  • Senvion,
  • Siemens Wind Power
Other prominent vendors
  • AREVA WIND
  • Clipper Windpower
  • Doosan
  • Gamesa
  • GENERAL ELECTRIC
  • Samsung Heavy Industries
  • Sinovel Wind Group
Market driver
  • Government support for wind energy projects
  • For a full, detailed list, view our report
Market challenge
  • Competition from fossil fuels
  • For a full, detailed list, view our report
Market trend
  • Reduction in cost for wind energy
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


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