Global Offshore Wind Energy Market - Analysis and Forecast, 2018-2023

Focus on Components (Turbine, Electrical Infrastructure, and Substrate) & Focus on Location (Shallow, Transitional, and Deep Water) by Revenue ($Million) and by Regional Installed Capacity (MW)

Published Year: 2018
SKU: MSG0601SA

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Executive Summary

Executive Summary

1   Market Dynamics

     1.1   Drivers
             1.1.1   Growing Demand for Renewable Energy for Power Generation
             1.1.2   Government Initiatives to Reduce Carbon Footprint
     1.2   Restraints
             1.2.1   High Capital Expenditure and Cost of Energy
     1.3   Opportunities
             1.3.1   Innovative Technology Advancement in Offshore Wind Components
             1.3.2   Increased R&D Expenditure

2   Competitive Insights

     2.1   Key Market Developments and Strategies
             2.1.1   Business Expansion
             2.1.2   Partnerships, Agreements, Collaborations, and Joint Ventures
             2.1.3   New Product Launch and Development
             2.1.4   Others (Merger and Acquisition, Investment and Awards)
     2.2   Market Share Analysis
             2.2.1   Market Share Analysis of Global Offshore Wind Energy Market
             2.2.2   Market Share Analysis of European Offshore Wind Energy Market
                        2.2.2.1   Europe Offshore Wind Energy Market Share, by Wind Turbine Manufacturers
                        2.2.2.2   Europe Offshore Wind Farms Owners Market Share, 2017

3   Industry Analysis

     3.1   Industry Attractiveness
             3.1.1   Threat of New Entrants
             3.1.2   Bargaining Power of Buyers
             3.1.3   Bargaining Power of Suppliers
             3.1.4   Threat from Substitutes
             3.1.5   Intensity of Competitive Rivalry
     3.2   Opportunity Matrix
     3.3   Target of Offshore Wind Energy Capacity Installation (by Country)
     3.4   Cost Analysis

4   Global Offshore Wind Energy Market by Installed Capacity

     4.1   Assumptions for Analysis and Forecast of the Global Offshore Wind Energy Market
     4.2   Limitations for Analysis and Forecast of the Global Offshore Wind Energy Market
     4.3   Market Overview
     4.4   Europe
             4.4.1   Installed Capacity of Europe Offshore Wind Energy Market (by Country)
      4.5  North America
             4.5.1   Installed Capacity of North America Offshore Wind Energy Market (by Country)
      4.6   Asia-Pacific
              4.6.1   Installed Capacity of Asia Pacific Offshore Wind Energy Market (by Country)
      4.7   Rest-of-the-World (RoW)
              4.7.1   Installed Capacity of RoW Offshore Wind Energy Market (by Country)

5   Global Offshore Wind Energy Market (by Component)

     5.1   Turbine
     5.2   Electrical Infrastructure
     5.3   Substructure
     5.4   Others

6   Global Offshore Wind Energy Market (by Location)

     6.1 Shallow Water
     6.2 Transitional Water
     6.3 Deep Water

7   Global Offshore Wind Energy Market (by Region)

     7.1   Europe
             7.1.1   Europe Offshore Wind Energy Market (by Components)
             7.1.2   Europe Offshore Wind Energy Market (by Country)
                        7.1.2.1   Germany
                        7.1.2.2   The U.K.
                        7.1.2.3   The Netherlands
                        7.1.2.4   Denmark
                        7.1.2.5   Belgium
                         7.1.2.6  Rest-of-Europe
     7.2   North America
             7.2.1   North America Offshore Wind Energy Market (by Components)
             7.2.2   North America Offshore Wind Energy Market (by Country)
                        7.2.2.1   The U.S.
                        7.2.2.2   Canada
                        7.2.2.3   Mexico
     7.3   Asia-Pacific (APAC)
             7.3.1   Asia-Pacific Offshore Wind Energy Market (by Components)
             7.3.2   Asia Pacific Offshore Wind Energy Market, by Country
                        7.3.2.1   China
                        7.3.2.2   India
                        7.3.2.3   South Korea
                        7.3.2.4   Japan
                        7.3.2.5   Taiwan
                        7.3.2.6   Rest-of-Asia Pacific
     7.4   Rest-of-the-World (RoW)
             7.4.1   RoW Offshore Wind Energy Market (by Components)
             7.4.2   RoW Offshore Wind Energy Market (by Country)
                        7.4.2.1   Saudi Arabia
                        7.4.2.2   Brazil
                        7.4.2.3   South Africa
                        7.4.2.4   Others
 

8   Company Profiles

     Offshore Wind Turbine Component Manufacturers
     8.1   China Ming Yang Wind Power Group Limited
           8.1.1   Company Overview
           8.1.2   Product Portfolio
           8.1.3   Corporate Summary
           8.1.4   SWOT Analysis
     8.2   EEW Group
             8.2.1   Company Overview
             8.2.2   Product Portfolio
             8.2.3   Corporate Summary
             8.2.4   SWOT Analysis
     8.3   GE Renewable Energy
             8.3.1   Company Overview
             8.3.2   Product Portfolio
             8.3.3   Financials
                        8.3.3.1   Financial Summary
             8.3.4   SWOT Analysis
     8.4   Goldwind Science & Technology Co. Ltd.
             8.4.1   Company Overview
             8.4.2   Product Portfolio
             8.4.3   Financials
                        8.4.3.1  Financial Summary
             8.4.4  SWOT Analysis
     8.5   MHI Vestas Offshore Wind A/S
            8.5.1   Company Overview
            8.5.2   Product Portfolio
            8.5.3   Corporate Summary
            8.5.4   SWOT Analysis
     8.6   Nordex SE
             8.6.1   Company Overview
             8.6.2   Product Portfolio
             8.6.3   Financials
                        8.6.3.1   Financial Summary
             8.6.4   SWOT Analysis
     8.7   Senvion S.A.
             8.7.1   Company Overview
             8.7.2   Product Portfolio
             8.7.3   Financials
                        8.7.3.1   Financial Summary
             8.7.4   SWOT Analysis
     8.8   Siemens Gamesa Renewable Energy S.A.
             8.8.1   Company Overview
             8.8.2   Product Portfolio
             8.8.3   Financials
                        8.8.3.1   Financial Summary
             8.8.4   SWOT Analysis
     8.9   Sinovel Wind Group Co.ltd.
             8.9.1   Company Overview
             8.9.2   Product Portfolio
             8.9.3   Corporate Summary
             8.9.4   SWOT Analysis
     8.1   XEMC DARWIND
             8.10.1   Company Overview
             8.10.2   Product Portfolio
             8.10.3   Corporate Summary
             8.10.4   SWOT Analysis
Offshore Wind Farm Owners
    8.11   ADWEN
              8.11.1   Company Overview
              8.11.2   Product Portfolio
              8.11.3   Corporate Summary
              8.11.4   SWOT Analysis
   8.12   Northland Power Inc.
             8.12.1   Company Overview
             8.12.2   Product Portfolio
             8.12.3   Financials
                          8.12.3.1   Financial Summary
             8.12.4   SWOT Analysis
  8.13   Orsted
            8.13.1   Company Overview
            8.13.2   Product Portfolio
            8.13.3   Financials
                         8.13.3.1   Financial Summary
            8.13.4   SWOT Analysis
  8.14   Statoil
            8.14.1   Company Overview
            8.14.2   Product Portfolio
            8.14.3   Financials
                         8.14.3.1   Financial Summary
            8.14.4   SWOT Analysis
Other (Service and Support Providers)
  8.15   Clipper Windpower LLC
            8.15.1   Company Overview
            8.15.2   Product Portfolio
            8.15.3   Corporate Summary
            8.15.4   SWOT Analysis

9   Research Scope and Methodology

     9.1   Report Scope
     9.2   Global Offshore Wind Energy Market Research Methodology
             9.2.1   Assumptions
             9.2.2   Limitations
             9.2.3   Primary Data Sources
             9.2.4   Secondary Data Sources
             9.2.5   Data Triangulation
             9.2.6   Market Estimation and Forecast

List of Tables

Table 1   Market Snapshot: Global Offshore Wind Energy Market
Table 3.1    Analyzing Threat of New Entrants
Table 3.2    Analyzing the Bargaining Power of Buyers
Table 3.3   Analyzing the Bargaining Power of Suppliers
Table 3.4   Analyzing the Threat from Substitutes
Table 3.5   Analyzing the Intensity of Competitive Rivalry
Table 3.6   Target of Offshore Wind Energy Capacity Installation (by Country)
Table 4.1   Global Offshore Wind Energy Market (by Installed Capacity), MW, 2017–2023
Table 4.2   Installed Capacity of Europe Offshore Wind Energy Market (by Country), MW, 2017–2023
Table 4.3   Installed Capacity of Asia Pacific Offshore Wind Energy Market (by Country), MW, 2017–2023
Table 4.4   Installed Capacity of Asia Pacific Offshore Wind Energy Market (by Country), MW, 2017–2023
Table 4.5   Installed Capacity of RoW Offshore Wind Energy Market (by Country), MW, 2017–2023
Table 5.1   Characteristics of the Commonly Used Offshore Turbine
Table 5.2   Global Offshore Wind Energy Market (by Components), 2017-2023
Table 5.3   Subparts of Turbines
Table 5.4   Products for Wind Turbines by Leading Market Players
Table 5.5   Recent Developments pertaining to the Wind Turbine Segment
Table 5.6   Recent Developments pertaining to the Electrical Infrastructure Segment
Table 5.7   Developments pertaining to the Substructure Segment
Table 6.1   Global Offshore Wind Energy Market (by Location), 2017-2023
Table 6.2   Recent Developments pertaining to the Shallow Water Offshore
Table 6.3   Recent Developments in the Deep Water Offshore Segment
Table 7.1   Global Offshore Wind Energy Market (by Region), 2017–2023
Table 7.2   List of Operational Offshore Wind Farms in Europe
Table 7.3   Largest Under-Construction Offshore Wind Energy Projects in Europe
Table 7.4   Number of Cumulative Wind Farms in Europe (by Country)
Table 7.5   Europe Offshore Wind Energy Market (by Components), 2017-2023
Table 7.6   Europe Offshore Wind Energy Market Market (by Country), $Million, 2017–2023
Table 7.7   Germany Offshore Wind Energy Facts: 2017
Table 7.8   U.K. Offshore Wind Energy Facts: 2017
Table 7.9   Upcoming Offshore Projects in the Netherlands
Table 7.10   Recent Developments pertaining to the Netherlands Offshore Wind Energy Sector
Table 7.11   Upcoming Offshore Wind Energy Projects in Denmark
Table 7.12   Recent Developments pertaining to Belgium Offshore Wind Energy Segment
Table 7.13   North America Offshore Wind Energy Market (by Components), $Million, 2017-2023
Table 7.14   North America Offshore Wind Energy Market Market (by Country), $Million, 2017–2023
Table 7.15   Largest Offshore Wind Farms in the U.S.
Table 7.16   Wind Farms Installed Capacity in Canada
Table 7.17   Recent Developments pertaining to the Mexican Offshore Wind Energy Market
Table 7.18   Asia-Pacific Offshore Wind Energy Market (by Components), $Million, 2017-2023
Table 7.19   Asia-Pacific Offshore Wind Energy Market (by Country), $Million, 2017–2023
Table 7.20   Leading Offshore Wind Farm Developers in China
Table 7.21   Recent Developments pertaining to the Offshore Wind Industry in India
Table 7.22   Recent Developments pertaining to the Offshore Wind Industry in South Korea
Table 7.23   Overview of the Offshore Projects in Japan, 2017
Table 7.24   RoW Offshore Wind Energy Market (by Components), $Million, 2017-2023
Table 7.25   RoW Offshore Wind Energy Market Market (by Country), $Million, 2017–2023
Table 8.1   China Ming Yang Wind Power Group Limited: Project Details
Table 8.2   EEW Group: Product Portfolio
Table 8.3   GE  Renewable Energy: Product Portfolio
Table 8.4   Goldwind Science & Technology Co.Ltd.: Product Portfolio
Table 8.5   MHI Vestas Offshore Wind A/S: Product Details
Table 8.6   Nordex SE: Product Portfolio
Table 8.7   Senvion S.A.: Product Portfolio
Table 8.8   Siemens Gamesa Renewable Energy S.A.: Product Portfolio
Table 8.9   Sinovel Wind Group Pvt.ltd.: Product Portfolio
Table 8.10   XEMC DARWIND: Product Portfolio
Table 8.11   ADWEN: Project Details
Table 8.12   Northland Power Inc.: Project Details
Table 8.13   Orsted: Project Details
Table 8.14   Statoil: Offshore Wind Projects

List of Figures

Figure 1   Global Offshore Wind Energy Market Snapshot ($Million) and (MW)
Figure 2   Global Offshore Wind Energy Market by Component ($Million)
Figure 3   Global Offshore Wind Energy Market by Location ($Million)
Figure 4   Global Offshore Wind Energy Market by Installed Capacity (MW)
Figure 5   Global Offshore Wind Energy Market by Region
Figure 6   Global Offshore Wind Energy Market by Country, 2017 ($Million)
Figure 1.1   Market Dynamics
Figure 1.2   Impact Analysis of Drivers
Figure 1.3   Global Electricity Generation Mix
Figure 1.4   Impact Analysis of Restraints
Figure 1.5   Cost Breakdown of an Offshore Wind Farm
Figure 1.6   Impact Analysis of Opportunities
Figure 2.1   Strategies Adopted by the Key Players
Figure 2.2   Share of Key Market Strategies and Developments, July 2015 - May 2018
Figure 2.3   Business Expansion Share of Key Companies, April 2015-April 2018
Figure 2.4   Partnerships, Agreements, Collaborations, and Joint Ventures Share of Key Companies, April 2015-April 2018
Figure 2.5   New Product Launch and Development Share of Companies, April 2015-April 2018
Figure 2.6   Others Development Share by Companies, April 2015-April 2018
Figure 2.7   Market Share Analysis of Leading Companies in Global Offshore Wind Energy Market, 2017 (%)
Figure 2.8   Market Share Analysis of Wind Turbine Manufacturers, 2017 (%)
Figure 2.9   Europe Offshore Wind Farms Owners Market Share, 2017
Figure 3.1   Porter's Five Forces Analysis
Figure 3.2   Global Offshore Wind Energy Market Opportunity Matrix by Region ($Million), 2018-2023
Figure 3.3   Offshore Wind Farms Cost Breakdown
Figure 3.4   Cost Comparisons between Onshore and Offshore
Figure 4.1   Global Offshore Wind Energy Market by Installed Capacity 2018 and 2023
Figure 4.2   Installed Capacity of Europe Offshore Wind Energy Market (by Country), MW, 2018 and 2023
Figure 4.3   Installed Capacity of North America Offshore Wind Energy Market (by Country), MW, 2018 and 2023
Figure 4.4   Installed Capacity of Asia-Pacific Offshore Wind Energy Market (by Country), MW, 2018 and 2023
Figure 4.5   Installed Capacity of RoW Offshore Wind Energy Market (by Country), MW, 2018 and 2023
Figure 5.1   Global Offshore Wind Energy Market (by Component), $Million, 2018 and 2023
Figure 5.2   Turbine Module in Offshore Wind Energy Market, $Million, 2017-2023
Figure 5.3   Electrical Infrastructure in Offshore Wind Energy Market, $Million, 2017-2023
Figure 5.4   Substructure Types
Figure 5.5   Substructure in Offshore Wind Energy Market, $Million, 2017-2023
Figure 5.6   Other Components Used in the Offshore Wind Turbines
Figure 5.7   Others in Offshore Wind Energy Market, $Million, 2017-2023
Figure 6.1   Global Offshore Wind Energy Market (by Location)
Figure 6.2   Global Offshore Wind Energy Market (by Location), $Million
Figure 6.3   Cost Breakdown for an Offshore Wind Plant in Shallow Water
Figure 6.4   Shallow Water in Offshore Wind Energy Market, $Million, 2017-2023
Figure 6.5   Transitional Water in Offshore Wind Energy Market, $Million, 2017-2023
Figure 6.6   Location of Deepwater Wind Energy (Based on Number of Projects), 2017
Figure 6.7   Deepwater in Offshore Wind Energy Market, $ Million, 2017-2023
Figure 7.1   Offshore Wind Energy Market- Regional Segmentation
Figure 7.2   Offshore Wind Energy Market Regional Market Share and Growth Rate, 2018-2023
Figure 7.3   Europe Offshore Wind Energy Market, $Million, 2017-2023
Figure 7.4   Offshore Market: Projects Online, Under Construction, and Consented (GW)
Figure 7.5   Europe Offshore Wind Energy Market (by Components), 2018 and 2023
Figure 7.6   Europe Geographical Concentration of Offshore Wind Investments, 2017
Figure 7.7   Europe Offshore Wind Energy Market (by Country), 2017, 2018, and 2023
Figure 7.8   Percentage of Power Generation Mix in Germany, 2017
Figure 7.9   Germany Offshore Wind Energy Market, $Million, 2017-2023
Figure 7.10   Upcoming Offshore Wind Farms in the U.K.
Figure 7.11   U.K. Offshore Wind Energy Market, $Million, 2017-2023
Figure 7.12   Netherlands Offshore Wind Energy Market, $Million, 2017-2023
Figure 7.13   Offshore Wind Farms in Denmark
Figure 7.14   Denmark Offshore Wind Energy Market, $Million, 2017-2023
Figure 7.15   Belgium Offshore Wind Energy Market, $Million, 2017-2023
Figure 7.16   Rest-of-Europe Offshore Wind Energy Market, $Million, 2017-2023
Figure 7.17   North America Offshore Wind Energy Market, $Million, 2017-2023
Figure 7.18   North America Offshore Wind Energy Market (by Components), 2018 and 2023
Figure 7.19   North America Offshore Wind Energy Market (by Country), 2017, 2018, and 2023
Figure 7.20   U.S. Offshore Wind Energy Market, $Million, 2017-2023
Figure 7.21   Canada Offshore Wind Energy Market, $Million, 2017-2023
Figure 7.22   Mexico Offshore Wind Energy Market, 2017-2023
Figure 7.23   Asia-Pacific Offshore Wind Energy Market, $Million, 2017-2023
Figure 7.24   Asia-Pacific Offshore Wind Energy Market (by Components), 2018 and 2023
Figure 7.25   Asia-Pacific Offshore Wind Energy Market (by Country), 2017, 2018, and 2023
Figure 7.26   Renewable Energy Plan of China: 2010, 2015, and 2020
Figure 7.27   Offshore Wind Projects - Pipeline and Targeted, 2015 and 2020
Figure 7.28   Upcoming Offshore Wind Energy Projects in China
Figure 7.29   China Offshore Wind Energy Market, 2017-2023
Figure 7.30   India Offshore Wind Energy Market, $Million, 2017-2023
Figure 7.31   South Korea Offshore Wind Energy Market, $Million, 2017-2023
Figure 7.32   Japan Offshore Wind Energy Market, $Million, 2017-2023
Figure 7.33   Taiwan Offshore Wind Energy Market, $Million, 2017-2023
Figure 7.34   Rest-of-APAC Offshore Wind Energy Market, $Million, 2017-2023
Figure 7.35   RoW Offshore Wind Energy Market, $Million, 2017-2023
Figure 7.36   RoW Offshore Wind Energy Market (by Components), 2018 and 2023
Figure 7.37   RoW Offshore Wind Energy Market (by Country), 2017, 2018, and 2023
Figure 7.38   Saudi Arabia Offshore Wind Energy Market, $Million, 2017-2023
Figure 7.39   Brazil Offshore Wind Energy Market, $Million, 2017-2023
Figure 7.40   South Africa Offshore Wind Energy Market, $Million, 2017-2023
Figure 7.41   Others Offshore Wind Energy Market, $Million, 2017-2023
Figure 8.1   Share of Key Companies
Figure 8.2   China Ming Yang Wind Power Group Limited: SWOT Analysis
Figure 8.3   EEW Group: SWOT Analysis
Figure 8.4   GE Renewable Energy: Overall Financials, 2015-2017
Figure 8.5   GE Renewable Energy: Net Revenue by Business Segment, 2015
Figure 8.6   GE Renewable Energy: Net Revenue by Business Segment, 2016-2017
Figure 8.7   GE Renewable Energy: Net Revenue by Regional Segment, 2015
Figure 8.8   GE Renewable Energy: Net Revenue by Regional Segment, 2016-2017
Figure 8.9   GE Renewable Energy: SWOT Analysis
Figure 8.10   Goldwind Science & Technology Co.Ltd.: Overall Financials, 2015-2017
Figure 8.11   Goldwind Science & Technology Co.ltd.: Net Revenue by Business Segment, 2015-2017
Figure 8.12   Goldwind Science & Technology Co.ltd.: SWOT Analysis
Figure 8.13   MHI Vestas Offshore Wind A/S: SWOT Analysis
Figure 8.14   Nordex SE: Overall Financials, 2015-2017
Figure 8.15   Nordex SE: Net Revenue by Regional Segment, 2015-2017
Figure 8.16   Nordex SE: Net Revenue by Business Segment, 2015-2017
Figure 8.17   Nordex SE: SWOT Analysis
Figure 8.18   Senvion S.A.: Overall Financials, 2015-2017
Figure 8.19   Senvion S.A.: Net Revenue by Business Segment, 2015-2017
Figure 8.20   Senvion S.A.: Net Revenue by Region Segment, 2015
Figure 8.21   Senvion S.A.: Net Revenue by Region Segment, 2016-2017
Figure 8.22   Senvion S.A.: SWOT Analysis
Figure 8.23   Siemens Gamesa Renewable Energy S.A.: Overall Financials, 2015-2017
Figure 8.24   Siemens Gamesa Renewable Energy S.A.: Net Revenue by Business Segment, 2016
Figure 8.25   Siemens Gamesa Renewable Energy S.A.: Net Revenue by Region Segment, 2016
Figure 8.26   Siemens Gamesa Renewable Energy S.A.: SWOT Analysis
Figure 8.27   Sinovel Wind Group Pvt.ltd.: SWOT Analysis
Figure 8.28   XEMC DARWIND: SWOT Analysis
Figure 8.29   ADWEN: SWOT Analysis
Figure 8.30   Northland Power Inc.: Overall Financials, 2015-2017
Figure 8.31   Northland Power Inc.: Net Revenue by Business Segment, 2015
Figure 8.32   Northland Power Inc.: Net Revenue by Business Segment, 2016-2017
Figure 8.33   Northland Power Inc.: Net Revenue by Regional Segment, 2015-2017
Figure 8.34   Northland Power Inc.: SWOT Analysis
Figure 8.35   Orsted: Overall Financials, 2015-2017
Figure 8.36   Orsted: Net Revenue by Business Segment, 2017
Figure 8.37   Orsted: Net Revenue by Region Segment, 2015-2016
Figure 8.38   Orsted: SWOT Analysis
Figure 8.39   Statoil: Overall Financials, 2015-2017
Figure 8.40   Statoil: Net Revenue by Business Segment, 2015-2017
Figure 8.41   Statoil: SWOT Analysis
Figure 8.42   Clipper Windpower LLC: SWOT Analysis
Figure 9.1   Offshore Wind Energy Market Scope
Figure 9.2   Report Design
Figure 9.3   Primary Interviews Breakdown by Player, Designation, and Region
Figure 9.4   Sources of Secondary Research
Figure 9.5   Data Triangulation
Figure 9.6   Top Down-Bottom-Up Approach for Market Estimation

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Global Offshore Wind Energy Market - Analysis and Forecast, 2018-2023

Focus on Components (Turbine, Electrical Infrastructure, and Substrate) & Focus on Location (Shallow, Transitional, and Deep Water) by Revenue ($Million) and by Regional Installed Capacity (MW)