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Offshore Wind Market by Component (Turbine, Substructure, and Electrical Infrastructure), Turbine Module, Substructure Type, Location (Shallow Water, Transitional Water, and Deep Water), and Region - Global Forecast to 2022

Offshore Wind Market by Component (Turbine, Substructure, and Electrical Infrastructure), Turbine Module, Substructure Type, Location (Shallow Water, Transitional Water, and Deep Water), and Region - Global Forecast to 2022

“The offshore wind market is projected to grow at a CAGR of 15.32% from 2017 to 2022”
The offshore wind market is projected to reach USD 55.11 billion by 2022, at a CAGR of 15.32% from 2017 to 2022. The offshore wind market has been rapidly growing, especially in Europe as it contributed the European Union (EU) to meet its renewable energy targets for 2020. The global demand for electric power is increasing due to various factors such as urbanization, increased industrialization, and economic development among others. Rising energy demand and energy efficiency mandates drive the demand for the offshore wind market. The offshore wind market is gaining acceptance due to its high capacity factor which makes it an important renewable resource to help in the reduction of CO2 emissions. Moreover, countries like China and the U.S. are also focusing on emission reduction.

“The monopile substructure segment is expected to be the largest market from 2017 to 2022”
With regard to the substructure segment, monopiles are expected to constitute the largest market from 2017 to 2022. This type of substructure is mostly the preferred foundation type in the shallow water location. It is mostly used for its simplicity, both in terms of installation and fabrication. Monopiles have been recently upgraded to be used in greater water depths and, thus, it is expected to maintain its position and cover the largest market during the forecast period.

“The nacelle component in the turbines is expected to be the largest segment for the offshore wind market from 2017 to 2022”
The nacelle is an important part of the turbine. It accounts for the maximum cost of the turbine as it comprises all the major power generation equipment, namely, generator, gearbox, bearings, yaw system, converter, transformer, and switchgear among others. Hence, it is an integral part of the turbine and is expected to hold the largest share in the turbine component during the forecast period.

“Europe: The largest market for the offshore wind market”
The market in Europe is currently the largest market for offshore wind, followed by Asia-Pacific and North America. Growth in the region is primarily driven by the U.K., Germany, and Denmark. The U.K. is expected to dominate the offshore wind market. Rising energy efficiency mandates by the countries for meeting European Union’s (EU) renewable energy targets for 2020, would result in increasing the demand for offshore wind energy in Europe.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 67%, Tier2- 21%, Tier 3- 12%
By Designation: C-Level- 25%, D-Level- 35%, Engineer-Level- 40%
By Region: North America- 12%, Europe- 68%, Asia-Pacific- 20%
The tier of the companies has been defined on the basis of their total revenue, as of 2015: Tier 1 = > USD 10 billion, Tier 2 = From USD 1 billion to USD 10 billion, and Tier 3 = < USD 1 billion
Source: Industry Experts and MarketsandMarkets Analysis

Research Coverage:
From an insight perspective, this research report has focused on various levels of analysis, such as, industry analysis (industry trends), market ranking of top players, supply chain analysis, and company profiles, which together comprises and discuss the basic views on the competitive landscape; emerging and high-growth segments of the offshore wind market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on products and integrated solutions and services offered by top players in the global offshore wind market

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the offshore wind market

• Market Development: Comprehensive information about lucrative emerging markets- the report analyzes the markets for offshore wind across regions

• Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global offshore wind market

• Competitive Assessment: In depth vendor dive analysis of all the key players, strategies, products, and manufacturing capabilities of the leading players in the global offshore wind market


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • COUNTRIES COVERED
      • SUB-SEGMENTS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY & PRICING
    • ASSUMPTIONS
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • INTRODUCTION
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table GLOBAL OFFSHORE WIND MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • OFFSHORE WIND MARKET, BY COMPONENT
    • OFFSHORE WIND MARKET, BY LOCATION
    • OFFSHORE WIND MARKET, BY SUBSTRUCTURE
    • THE NORTH AMERICAN MARKET IS EXPECTED TO FORESEE INVESTMENTS IN THE RENEWABLE ENERGY
  • MARKET OVERVIEW
    • INTRODUCTION
    • ECONOMICS OF OFFSHORE WIND
      • Table OFFSHORE VS ONSHORE WIND
    • MARKET DYNAMICS
      • DRIVERS
        • Table OFFSHORE WIND CAPACITY SCENARIOS PER COUNTRY (MW)
        • Table OFFSHORE WIND SUPPORT MECHANISMS IN KEY COUNTRIES
      • RESTRAINTS
      • OPPORTUNITIES
        • Table KEY USES OF WATER FOR POWER GENERATION & POTENTIAL WATER QUALITY IMPACTS
      • CHALLENGES
  • OFFSHORE WIND MARKET, BY COMPONENT
    • INTRODUCTION
      • Table OFFSHORE WIND MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
    • TURBINE
      • Table TURBINE: OFFSHORE WIND MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • Table TURBINE: OFFSHORE WIND MARKET SIZE, BY EUROPEAN COUNTRIES, 2015-2022 (USD MILLION)
      • Table TURBINE: OFFSHORE WIND MARKET SIZE, BY ASIA-PACIFIC COUNTRIES, 2015-2022 (USD MILLION)
      • Table TURBINE: OFFSHORE WIND MARKET SIZE, BY NORTH AMERICAN COUNTRY, 2015-2022 (USD MILLION)
      • Table TURBINE: OFFSHORE WIND MARKET SIZE, BY MODULE, 2015-2022 (USD MILLION)
      • NACELLE
        • Table NACELLE: OFFSHORE WIND MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • ROTOR & BLADES
        • Table ROTOR & BLADES: OFFSHORE WIND MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • TOWER
        • Table TOWER: OFFSHORE WIND MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SUBSTRUCTURE
      • Table SUBSTRUCTURE: OFFSHORE WIND MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • Table SUBSTRUCTURE: OFFSHORE WIND MARKET SIZE, BY EUROPEAN COUNTRIES, 2015-2022 (USD MILLION)
      • Table SUBSTRUCTURE: OFFSHORE WIND MARKET SIZE, BY ASIA-PACIFIC COUNTRIES, 2015-2022 (USD MILLION)
      • Table SUBSTRUCTURE: OFFSHORE WIND MARKET SIZE, BY NORTH AMERICAN COUNTRY, 2015-2022 (USD MILLION)
      • Table SUBSTRUCTURE: OFFSHORE WIND MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • MONOPILE
        • Table MONOPILE: OFFSHORE WIND MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • JACKET AND GRAVITY BASED
        • Table JACKET AND GRAVITY BASED: OFFSHORE WIND MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • OTHER TYPES
        • Table OTHER TYPES: OFFSHORE WIND MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • ELECTRICAL INFRASTRUCTURE
      • Table ELECTRICAL INFRASTRUCTURE: OFFSHORE WIND MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • Table ELECTRICAL INFRASTRUCTURE: OFFSHORE WIND MARKET SIZE, BY EUROPEAN COUNTRIES, 2015-2022 (USD MILLION)
      • Table ELECTRICAL INFRASTRUCTURE: OFFSHORE WIND MARKET SIZE, BY ASIA-PACIFIC COUNTRIES, 2015-2022 (USD MILLION)
      • Table ELECTRICAL INFRASTRUCTURE: OFFSHORE WIND MARKET SIZE, BY NORTH AMERICAN COUNTRY, 2015-2022 (USD MILLION)
    • OTHERS
      • Table OTHERS: OFFSHORE WIND MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • Table OTHERS: OFFSHORE WIND MARKET SIZE, BY EUROPEAN COUNTRIES, 2015-2022 (USD MILLION)
      • Table OTHERS: OFFSHORE WIND MARKET SIZE, BY ASIA-PACIFIC COUNTRIES, 2015-2022 (USD MILLION)
      • Table OTHERS: OFFSHORE WIND MARKET SIZE, BY NORTH AMERICAN COUNTRY, 2015-2022 (USD MILLION)
  • OFFSHORE WIND MARKET, BY LOCATION
    • INTRODUCTION
      • Table OFFSHORE WIND MARKET SIZE, BY LOCATION, 2015-2022 (USD MILLION)
    • SHALLOW WATER (< 30M DEPTH)
      • Table SHALLOW WATER: OFFSHORE WIND MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • TRANSITIONAL WATER (30M - 60M DEPTH)
      • Table TRANSITIONAL WATER: OFFSHORE WIND MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • DEEP WATER (> 60M DEPTH)
      • Table DEEP WATER: OFFSHORE WIND MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • OFFSHORE WIND MARKET, BY REGION
    • INTRODUCTION
      • Table OFFSHORE WIND MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • EUROPE
      • BY COMPONENT
        • Table EUROPE: OFFSHORE WIND MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • BY TURBINE MODULE
        • Table EUROPE: OFFSHORE WIND MARKET SIZE, BY TURBINE MODULE, 2015-2022 (USD MILLION)
      • BY SUBSTRUCTURE TYPE
        • Table EUROPE: OFFSHORE WIND MARKET SIZE, BY SUBSTRUCTURE TYPE, 2015-2022 (USD MILLION)
      • BY LOCATION
        • Table EUROPE: OFFSHORE WIND MARKET SIZE, BY LOCATION, 2015-2022 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: OFFSHORE WIND MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
        • Table THE U.K.: OFFSHORE WIND MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
        • Table GERMANY: OFFSHORE WIND MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
        • Table DENMARK: OFFSHORE WIND MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
        • Table BELGIUM: OFFSHORE WIND MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
        • Table THE NETHERLANDS: OFFSHORE WIND MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
        • Table SWEDEN: OFFSHORE WIND MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
        • Table FINLAND: OFFSHORE WIND MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
        • Table THE REST OF EUROPE: OFFSHORE WIND MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
    • ASIA-PACIFIC
      • BY COMPONENT
        • Table ASIA-PACIFIC: OFFSHORE WIND MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • BY TURBINE MODULE
        • Table ASIA-PACIFIC: OFFSHORE WIND MARKET SIZE, BY TURBINE MODULE, 2015-2022 (USD MILLION)
      • BY SUBSTRUCTURE TYPE
        • Table ASIA-PACIFIC: OFFSHORE WIND MARKET SIZE, BY SUBSTRUCTURE TYPE, 2015-2022 (USD MILLION)
      • BY LOCATION
        • Table ASIA-PACIFIC: OFFSHORE WIND MARKET SIZE, BY LOCATION, 2015-2022 (USD MILLION)
      • BY COUNTRY
        • Table ASIA-PACIFIC: OFFSHORE WIND MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
        • Table CHINA: OFFSHORE WIND MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
        • Table JAPAN: OFFSHORE WIND MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
        • Table SOUTH KOREA: OFFSHORE WIND MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
        • Table TAIWAN: OFFSHORE WIND MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
    • NORTH AMERICA
      • BY COMPONENT
        • Table NORTH AMERICA: OFFSHORE WIND MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • BY TURBINE MODULE
        • Table NORTH AMERICA: OFFSHORE WIND MARKET SIZE, BY TURBINE MODULE, 2015-2022 (USD MILLION)
      • BY SUBSTRUCTURE TYPE
        • Table NORTH AMERICA: OFFSHORE WIND MARKET SIZE, BY SUBSTRUCTURE TYPE, 2015-2022 (USD MILLION)
      • BY LOCATION
        • Table NORTH AMERICA: OFFSHORE WIND MARKET SIZE, BY LOCATION, 2015-2022 (USD MILLION)
      • BY COUNTRY
        • Table NORTH AMERICA: OFFSHORE WIND MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
        • Table OFFSHORE WIND MARKET SIZE, BY TOP COUNTRIES OF EACH REGION, 2015-2022 (USD MILLION)
        • Table OFFSHORE WIND MARKET SIZE, BY FASTEST GROWING COUNTRIES OF EACH REGION, 2015-2022 (USD MILLION)
        • Table OFFSHORE WIND MARKET SIZE, BY ALL COUNTRIES, 2015-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • OFFSHORE WIND MARKET - MARKET RANKING (TURBINE MANUFACTURERS)
    • COMPETITIVE SITUATION & TRENDS
    • OFFSHORE WIND MARKET: MNM DIVE VENDOR COMPARISON
  • COMPANY PROFILES
    • INTRODUCTION
    • ADWEN
      • OVERVIEW
      • COMPANY SCORECARD
      • PRODUCTS OFFERING
      • BUSINESS STRATEGY
      • DEVELOPMENTS, 2015-2016
    • MING YANG SMART ENERGY GROUP CO.
      • OVERVIEW
      • COMPANY SCORECARD
      • PRODUCTS OFFERING
      • BUSINESS STRATEGY
      • DEVELOPMENTS, 2015
    • DOOSAN HEAVY INDUSTRIES AND CONSTRUCTION CO., LTD
      • OVERVIEW
      • COMPANY SCORECARD
      • PRODUCTS OFFERING
      • BUSINESS STRATEGY
      • DEVELOPMENTS, 2016
    • GENERAL ELECTRIC COMPANY
      • OVERVIEW
      • COMPANY SCORECARD
      • PRODUCTS OFFERING
      • BUSINESS STRATEGY
      • DEVELOPMENTS, 2016-2017
      • MNM VIEW
    • MHI VESTAS OFFSHORE WIND A/S
      • OVERVIEW
      • MHI VESTAS OFFSHORE WIND A/S SCORECARD
      • PRODUCTS OFFERING
      • BUSINESS STRATEGY
      • DEVELOPMENTS, 2014-2017
    • SENVION SA
      • OVERVIEW
      • COMPANY SCORECARD
      • PRODUCTS OFFERING
      • BUSINESS STRATEGY
      • DEVELOPMENTS, 2014-2017
    • SIEMENS AG
      • OVERVIEW
      • COMPANY SCORECARD
      • PRODUCTS OFFERING
      • BUSINESS STRATEGY
      • DEVELOPMENTS, 2014-2017
      • MNM VIEW
    • SINOVEL WIND GROUP CO.
      • OVERVIEW
      • COMPANY SCORECARD
      • PRODUCTS OFFERING
      • BUSINESS STRATEGY
      • DEVELOPMENT, 2016
    • A2 SEA
      • OVERVIEW
      • COMPANY SCORECARD
      • PRODUCTS OFFERING
      • BUSINESS STRATEGY
      • DEVELOPMENTS, 2014-2017
    • ABB, LTD.
      • OVERVIEW
      • COMPANY SCORECARD
      • PRODUCTS OFFERING
      • BUSINESS STRATEGY
      • DEVELOPMENTS, 2014-2016
    • EEW GROUP
      • OVERVIEW
      • COMPANY SCORECARD
      • PRODUCTS OFFERING
      • BUSINESS STRATEGY
      • DEVELOPMENTS, 2014-2016
      • MNM VIEW
    • NEXANS S.A.
      • OVERVIEW
      • COMPANY SCORECARD
      • PRODUCTS OFFERING
      • BUSINESS STRATEGY
      • DEVELOPMENTS, 2012-2017
      • MNM VIEW
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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