Skip to main content

Offshore Wind Market projected to reach USD 55.11 billion by 2022, at a CAGR of 15.32% from 2017 to 2022 – Global Forecast to 2022

Press Release   •   Jun 02, 2017 09:28 GMT

"Offshore Wind Market projected to reach USD 55.11 billion by 2022, at a CAGR of 15.32% from 2017 to 2022– Global Forecast to 2022" published in June 2017. It is a professional and in-depth study.

Summary

Market Research Report Storeannounces a new report"Offshore Wind Market"added to its database.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.

Detailed TOC Of Report @

https://www.marketresearchreportstore.com/shop/offshore-wind-market-by-component-turbine-substructure-and-electrical-infrastructure-turbine-module-substructure-type-location-shallow-water-transitional-water-and-deep-water-and-region

Ask a sample, click hereAnn@marketresearchreportstore.com

“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 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
  • TABLE OF CONTENTS

    1 INTRODUCTION 13

    1.1 OBJECTIVES OF THE STUDY 13

    1.2 MARKET DEFINITION 13

    1.3 MARKET SCOPE 14

    1.3.1 MARKETS COVERED 14

    1.3.2 COUNTRIES COVERED 14

    1.3.3 SUB-SEGMENTS COVERED 15

    1.3.4 YEARS CONSIDERED FOR THE STUDY 15

    1.4 CURRENCY & PRICING 16

    1.5 ASSUMPTIONS 16

    1.6 LIMITATIONS 16

    1.7 STAKEHOLDERS 17

    2 RESEARCH METHODOLOGY 18

    2.1 INTRODUCTION 18

    2.1.1 SECONDARY DATA 19

    2.1.1.1 Key data from secondary sources 19

    2.1.2 PRIMARY DATA 20

    2.1.2.1 Key data from primary sources 20

    2.1.2.2 Key industry insights 21

    2.1.2.3 Breakdown of primaries 21

    2.2 MARKET SIZE ESTIMATION 23

    2.3 MARKET BREAKDOWN & DATA TRIANGULATION 24

    2.4 RESEARCH ASSUMPTIONS 25

    3 EXECUTIVE SUMMARY 26

    4 PREMIUM INSIGHTS 31

    4.1 OFFSHORE WIND MARKET, BY COMPONENT 31

    4.2 OFFSHORE WIND MARKET, BY LOCATION 32

    4.3 OFFSHORE WIND MARKET, BY SUBSTRUCTURE 32

    4.4 THE NORTH AMERICAN MARKET IS EXPECTED TO FORESEE INVESTMENTS IN THE RENEWABLE ENERGY 33

    5 MARKET OVERVIEW 34

    5.1 INTRODUCTION 35

    5.2 ECONOMICS OF OFFSHORE WIND 35

    5.3 MARKET DYNAMICS 36

    5.3.1 DRIVERS 37

    5.3.1.1 Rising energy demand coupled with increasing share of renewable energy in the power generation mix 37

    5.3.1.2 Energy-efficiency mandates and government incentives 38

    5.3.2 RESTRAINTS 40

    5.3.2.1 High capital cost and issues associated with maintenance & logistics 40

    5.3.3 OPPORTUNITIES 40

    5.3.3.1 Coal & nuclear phase-out 40

    5.3.3.2 Focus on water conservation 41

    5.3.4 CHALLENGES 42

    5.3.4.1 Growth of distributed energy resources 42

    Contact:

    Ann

    Sales Manager

    Market Research Report Store

    Tel:+00-1-626-3463946- U.S

    Email:Ann@marketresearchreportstore.com

    Email:info@marketresearchreportstore.com

    Web:http://www.marketresearchreportstore.com/

    About Us

    Since the establishment, Market Research Report Store has determined to take the online market research reports platform to the next level. With our passion and profession, we are designed to be the best among the bests.

    Market Research Report Store is one of the most fast-growing and professional online platforms for industry reports, market reports, and professional surveys. Our collection covers more than 100 global markets. We have cooperated with leading publishers and consultant companies to offer the best market intelligence products to our clients with instant access to our database.

    Market Research Report Store

    About Market Research Report Store

    Market Research Report Store is one of the most fast-growing and professional online platforms for industry reports, market reports, and professional surveys. Our collection covers more than 100 global markets. We have cooperated with leading publishers and consultant companies to offer the best market intelligence products to our clients with instant access to our database.

    Comments (0)

    Add comment

    Comment