Offshore Wind Energy Market 2017 Analysis, Growth and Volume Report 2025
Offshore Wind Energy Market, By Geography- Growth, Future Prospects and Competitive Analysis, 2017 – 2025, the offshore wind energy market was 15.0 GW in 2017, and is expected to reach 65.5 GW by 2025, expanding at a CAGR of 12.0% from 2017 to 2025.
offshore wind energy market is projected to witness robust growth owing to increasing investment in offshore wind energy projects. Rising energy demand and growing concerns over the emission of greenhouse gases is influencing the governments to promote the adoption renewable energy source such as wind and solar. Increasing investment in the offshore wind projects especially in is anticipated to fuel the growth of offshore wind energy market. However, high cost of installation, delayed regulatory approvals and stringent labour laws are factors expected to restraint the growth of offshore wind energy market during the forecast period (2016-2024).
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U.K. was the largest market for offshore wind energy in 2015 among all an countries. Increasing investment in offshore wind energy projects from private sector coupled with favorable government policies such as Energy Act, 2013 and establishment of Offshore Wind Cost Reduction Task Force to achieve levelised costs of offshore wind to £100 per MW/h by 2020 represent high growth for the offshore wind energy market during the forecast period (2016-2024).
Germany is projected to be the fastest growing segment among all an countries during the forecast period. High number of approved and pipeline projects coupled with increasing investment from private sector in offshore wind energy is anticipated to fuel the growth of offshore wind energy in the region. The country is anticipated to witness addition of 4.5 GW capacity of installation offshore wind energy from under construction projects in next five years. Further, approval of new projects and pipeline projects is projected to expand the installation capacity to 9.4 GW by 2020. The country also holds second largest market share on terms of installation capacity in . The country is projected to gain significant market share by 2023. Other regions such as Denmark and Netherlands are also anticipated to witness high growth during the forecast period (2016-2024).
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1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.5. Approach Adopted
2. Executive Summary
2.1. Offshore Wind Energy Market Snapshot
2.1.1. Offshore Wind Energy Market by Country, 2015
2.1.2. Market Drivers, Challenges and Future Prospects
2.1.3. Key Players
3. Global Offshore Wind Energy Market Dynamics
3.1. Market Overview
3.2. Value Chain Analysis
3.3. Cost Tear down Analysis of Offshore Wind Energy Systems
3.4. Global Offshore Wind Energy Market Overview
3.5. Market Share Analysis of wind turbine OEM’s
3.6. Comparison of Installed vs. Under construction wind projects by Country
3.9. Future Prospects
3.10. Impact Analysis of Drivers and Challenges
3.11. Porter’s Five Force Analysis
3.11.1. Bargaining Power Of Suppliers
3.11.2. Bargaining Power Of Buyers
3.11.3. Threat Of Substitutes
3.11.4. Threat Of New Entrants
3.11.5. Industry Rivalry
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