Dublin, April 28, 2021 (GLOBE NEWSWIRE) -- The "Global Offshore Wind Power Market (2020-2025) by Component, Depth, End Use Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Offshore Wind Power Market is estimated to be USD 38.76 Bn in 2020 and is expected to reach USD 69.38 Bn by 2025, growing at a CAGR of 12.35%.
This growth is attributed to the increasing demand for clean energy in order to cut down carbon emissions and protect the environment by generating electricity through renewable resources. Offshore wind energy form an integral part of these clean energy resources and also has a higher capacity factor compared to onshore wind.
Whereas the restraint like high capital cost and maintenance and logistics issues and opportunities like Coal and Nuclear Phase-Out and Focus on Water Conservation are also the main factors driving the growth.
The Global Offshore Wind Power Market is segmented further based on Component, Depth, End Use and Geography.
By Component, the market is classified into Turbine, Support Structure, Electrical Infrastructure and Others.
By Depth, the market is classified as >0, 30 m, >30, 50 m and > 50 m.
By End Use, the market is classified as Offshore wind providers, Government and research organization, Consulting companies in the power industry, Public and private players.
By Geography, Americas is projected to lead the market.
In March 2020, Enercon installed a new prototype E-138 EP3 for their E2 wind turbines at the Janneby site which is situated in Schleswig-Holstein, Germany. The new prototype increased the nominal power of E2 turbines from 3.5 MW to 4.2 MW and will help the company yield an additional power of 1.5 Million kWh every year.
In 2019, Siemens Gamesa Renewable Energy received an order to supply 8 MW offshore wind turbines to Orsted's 900 MW offshore wind farm in Taiwan.
In April 2018, MHI Vestas Offshore Wind announced its collaboration with Ramboll, company that produced the industry's first encapsulated foundation load software tool. The collaboration helped the company to develop software tool allowing foundation designers to perform integrated load analyses independently in closed-system, version of the full turbine model used for detailed foundation load simulations.
Alstom Energy Inc.
China Ming Yang Wind Power Group Limited
Clipper Wind Power
Dong Energy A/S
Doosan Heavy Industries and Construction Co., Ltd
Erndtebrucker Eisenwerk Gmbh & Co. Kg
Gamesa Corporacion Technologica SA
GE Wind Energy
General Electric Company
Goldwind Science and Technology Co. Ltd.
J.J Cole Collections.
MHI Vestas Offshore Wind A/S
Ming Yang Smart Energy Group Limited
Northland Power Inc.
Siemens Gamesa Renewable Energy, S.A.
Sinovel Wind Group Co. Ltd.
Vestas Wind Systems A/S
A complete analysis of the market, including parent industry
Important market dynamics and trends
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
Key Topics Covered:
1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.4 Years Considered
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.3 Market Size Estimation
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
4 Market Overview
4.2 Market Dynamics
188.8.131.52 Changing preference of consumers
184.108.40.206 Increase in demand for conventional sources of energy
220.127.116.11 Rise in demand for electricity consumption
18.104.22.168 High Capital Cost and Maintenance and Logistics Issues
22.214.171.124 Coal and Nuclear Phase-Out
126.96.36.199 Focus on Water Conservation
188.8.131.52 Growth of Distributed Energy Resources
5 Market Analysis
5.1 Porter's Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6 Global Offshore Wind Power Market, By Component
6.3 Support Structure
6.4 Electrical Infrastructure
7 Global Offshore Wind Power Market, By Depth
7.2 >0- 30 m
7.3 >30-50 m
7.4 > 50 m
8 Global Offshore Wind Power Market, By End User
8.2 Offshore wind providers
8.3 Government and research organization
8.4 Consulting companies in the power industry
8.5 Public and private players
9 Global Offshore Wind Power Market, By Geography
9.2 North America
9.3 South America
9.4.6 Rest of Europe
9.5.6 South Korea
9.5.9 Rest of APAC
9.6 Rest of the World
9.6.2 Saudi Arabia
9.6.3 South Africa
9.6.4 United Arab Emirates
9.6.5 Latin America
10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Competitive Scenario
10.3.1 Mergers & Acquisitions
10.3.2 Agreement, Collaborations, & Partnerships
10.3.3 New Product Launches & Enhancements
10.3.4 Investments & Funding
11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/mxi877
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