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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
• Market outline
• Wind turbine technology value chain
PART 05: Market landscape
• Market overview
• Market size and forecast
• Five forces analysis
PART 06: Market segmentation by substructures
• Global offshore wind turbine market by substructures
• Global offshore wind turbine market by monopile substructure segment
• Global offshore wind turbine market by gravity foundation substructure segment
PART 07: Geographical segmentation
• Global offshore wind turbine market by geography
• Offshore wind turbine market in EMEA
• Offshore wind turbine market in APAC
• Offshore wind turbine market in the Americas
PART 08: Decision framework
PART 09: Drivers and challenges
• Market drivers
• Market challenges
PART 10: Market trends
• Reduction in cost for wind energy
• Rise in patent filings
• R&D in direct drive generators
PART 11: Vendor landscape
• Competitive scenario
• Other prominent vendors
PART 12: Key vendor analysis
• ADWEN
• MHI Vestas Offshore Wind
• Senvion
• Siemens Wind Power
PART 13: Appendix
• List of abbreviations
List of Exhibits
Exhibit 01: Overall wind installation growth rate by region
Exhibit 02: Cost breakdown of wind turbine components (%)
Exhibit 03: Wind turbine components
Exhibit 04: Applications of CMS
Exhibit 05: Wind turbine value chain
Exhibit 06: Global offshore wind turbine market segmentation
Exhibit 07: Global offshore wind turbine market 2016-2021 (MW)
Exhibit 08: Five forces analysis
Exhibit 09: Global offshore wind turbine market by substructures 2016 and 2021 (%)
Exhibit 10: Global offshore wind turbine market by substructures 2016-2021 (MW)
Exhibit 11: Global offshore wind turbine market by monopile substructure segment 2016-2021 (MW)
Exhibit 12: Global offshore wind turbine market by gravity foundation substructure segment 2016-2021 (MW)
Exhibit 13: Global offshore wind turbine market by geography 2016 and 2021 (%)
Exhibit 14: Global offshore wind turbine market by geography 2016-2021 (MW)
Exhibit 15: Offshore wind turbine market in EMEA 2016-2021 (MW)
Exhibit 16: Germany wind power capacity 2010-2016 (MW)
Exhibit 17: UK wind power capacity 2010-2016 (MW)
Exhibit 18: Offshore wind turbine market in APAC 2016-2021 (MW)
Exhibit 19: Offshore wind turbine market in the Americas 2016-2021 (MW)
Exhibit 20: New wind installation targets by 2020 (%)
Exhibit 21: Global wind power installation 2016 (MW)
Exhibit 22: Global cumulative offshore wind power installation 2016 (MW)
Exhibit 23: Global cumulative offshore wind installation capacity 2006-2016 (MW)
Exhibit 24: Indexed global offshore wind installed cost 2000-2016
Exhibit 25: Component malfunction leading to wind turbine failure (%)
Exhibit 26: Typical offshore and onshore wind energy cost assessment 2016 ($ per MWh)
Exhibit 27: Patent filings in offshore wind turbines 2001-2015 (%)
Exhibit 28: Cumulative patent filings in offshore wind turbines 2000-2013
Exhibit 29: Other prominent vendors: Global offshore wind turbine market
Exhibit 30: ADWEN: Key products
Exhibit 31: MHI Vestas Offshore Wind: Key products
Exhibit 32: Senvion: Key products
Exhibit 33: Siemens Wind Power: Key products
