Global Offshore Wind market is projected to grow at a CAGR of over 27%, in value terms, during 2018-2023. Demand for High capacity power generation, rising concern towards climate change, growing demand for energy independency, rising demand for energy and government initiative towards natural power generation and cost benefits of using offshore wind over conventional energy source are some factors, that will propel the demand for Offshore Wind over the next five years. Europe is anticipated to remain a strong contributor in the offshore wind market in the forecast period, owing to soaring energy security concerns. North America is expected to register faster CAGR than any other region, backed by depleting conventional resources.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2018-2023

Objective of the Study:

  • To analyze and forecast market size of the global Offshore Wind market, in terms of values.
  • To define, classify and forecast the global Offshore Wind on the basis of product, turbine, location and region.
  • To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of region by segmenting global offshore wind into five regions, namely, North America, South America, Europe, Asia Pacific and MEA.
  • To identify tailwinds and headwinds for the global offshore wind market.
  • To examine competitive developments such as expansions, new power solutions, contracts and mergers & acquisitions in the global offshore wind market.
  • To evaluate competitor and trends in the global offshore wind market.
  • To strategically profile the leading players, which are involved in of offshore wind market globally.

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Some of the major players operating in the global Offshore Wind are

Siemens, Adwen, Senvion, MHI vestas, Sinovel Wind, Doosan Heavy Industries & Construction, BB, Ltd., A2Sea, EEW Group, and Nexans etc.

TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of offshore wind providers globally. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include providers that could not be identified due to the limitations of secondary research. TechSci Research analysed product, technology, process and regional presence of all major offshore wind providers across the globe.

TechSci Research calculated the market size for the global offshore wind using a bottom-up approach, where providers’ value data for different location of (shallow water (<30 m depth), transitional water (30 m-60 m depth), deep water (>60 m depth), offshore wind was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective providers to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.


Key Target Audience:

  • Global offshore wind providers
  • Research organizations and consulting companies
  • Organizations, associations and alliances related to offshore wind
  • Government bodies such as regulating authorities and policy makers.
  • Industry associations
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as providers, vendors and policy makers, which market segments should be targeted over the offshore wind coming years (next five years) in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, global offshore wind has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Component:
    • Global Offshore Wind Market
      • Turbine
      • Substructure
      • Electrical Infrastructure
      • Others
  • Market, by Turbine:
      • Nacelle
      • Rotor and Blades
      • Tower
  • Market, by Substructure:
      • Monopile
      • Jacket and Gravity Based
      • Other Types
  • Market, by Location:
      • Shallow Water (<30 m Depth)
      • Transitional Water (30 m -60 m Depth)
      • Deep Water (>60 m Depth)
  • Market, by Geography:
    • North America
      • United States
      • Canada
      • Mexico
      • Rest of North America
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • Australia
      • India
      • Rest of APAC
    • South America
      • Brazil
      • Argentina
      • Colombia
      • Rest of South America
    • MEA
      • Saudi Arabia
      • UAE
      • Israel
      • South Africa
      • Rest of MEA

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players

Company Profiles: Detailed analysis of the major companies present in the global offshore wind market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

  • Detailed list of providers across the globe.

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Product Information

  • Detailed analysis of new product development in the market and their driving forces in the market.

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It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com

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1.       Product Overview

2.       Research Methodology

3.       Executive Summary

4.       Voice of Customer

4.1.  Cost Performance of Process

4.2.  Energy Efficiency of Process

4.3.  After Sales Service

5.       Global Offshore Wind Market Outlook 

5.1.     Market Size & Forecast

5.1.1.  By Value

5.2.     Market Share & Forecast

5.2.1.  By Component (Turbine, Substructure, Electrical Infrastructure & Others)

5.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

5.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

5.2.2.  By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

5.2.3.  By Company

5.2.4.  By Region

5.2.5.  Market Attractiveness Index (By Component, By Location & By Region)

6.       Asia-Pacific Offshore Wind Market Outlook

6.1.     Market Size & Forecast

6.1.1.   By Value

6.2.      Market Share & Forecast

6.2.1.  By Component (Turbine, Substructure, Electrical Infrastructure & Others)

6.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

6.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

6.2.2.  By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

6.2.3.  By Country (China, Japan, India, South Korea, Australia & Rest of Asia Pacific)

6.2.3.1. China Offshore Wind Market Outlook

6.2.3.1.1. Market Size & Forecast

6.2.3.1.1.1. By Value

6.2.3.1.2. Market Share & Forecast

6.2.3.1.2.1. By Component (Turbine, Substructure, Electrical Infrastructure & Others

6.2.3.1.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

6.2.3.1.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

6.2.3.1.2.2. By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

6.2.3.2. India Offshore Wind Market Outlook

6.2.3.2.1. Market Size & Forecast

6.2.3.2.1.1. By Value

6.2.3.2.2. Market Share & Forecast

6.2.3.2.2.1. By Component (Turbine, Substructure, Electrical Infrastructure & Others

6.2.3.2.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

6.2.3.2.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

6.2.3.2.2.2. By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

6.2.3.3. Japan Offshore Wind Market Outlook

6.2.3.3.1. Market Size & Forecast

6.2.3.3.1.1. By Value

6.2.3.3.2. Market Share & Forecast

6.2.3.3.2.1. By Component (Turbine, Substructure, Electrical Infrastructure & Others

6.2.3.3.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

6.2.3.3.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

6.2.3.3.2.2. By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

6.2.3.4. Australia Offshore Wind Market Outlook

6.2.3.4.1. Market Size & Forecast

6.2.3.4.1.1. By Value

6.2.3.4.2. Market Share & Forecast

6.2.3.4.2.1. By Component (Turbine, Substructure, Electrical Infrastructure & Others

6.2.3.4.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

6.2.3.4.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

6.2.3.4.2.2. By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

6.2.3.5. South Korea Offshore Wind Market Outlook

6.2.3.5.1. Market Size & Forecast

6.2.3.5.1.1. By Value

6.2.3.5.2. Market Share & Forecast

6.2.3.5.2.1. By Component (Turbine, Substructure, Electrical Infrastructure & Others

6.2.3.5.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

6.2.3.5.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

6.2.3.5.2.2. By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

7.       North America Offshore Wind Market Outlook

7.1.     Market Size & Forecast

7.1.1.   By Value

7.2.      Market Share & Forecast

7.2.1.  By Component (Turbine, Substructure, Electrical Infrastructure & Others)

7.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

7.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

7.2.2.  By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

7.2.3.  By Country (United States, Canada, Mexico & Rest of North America)

7.2.3.1. United States Offshore Wind Market Outlook

7.2.3.1.1. Market Size & Forecast

7.2.3.1.1.1. By Value

7.2.3.1.2. Market Share & Forecast

7.2.3.1.2.1. By Component (Turbine, Substructure, Electrical Infrastructure & Others

7.2.3.1.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

7.2.3.1.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

7.2.3.1.2.2. By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

7.2.3.2. Canada Offshore Wind Market Outlook

7.2.3.2.1. Market Size & Forecast

7.2.3.2.1.1. By Value

7.2.3.2.2. Market Share & Forecast

7.2.3.2.2.1. By Component (Turbine, Substructure, Electrical Infrastructure & Others

7.2.3.2.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

7.2.3.2.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

7.2.3.2.2.2. By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

7.2.3.3. Mexico Offshore Wind Market Outlook

7.2.3.3.1. Market Size & Forecast

7.2.3.3.1.1. By Value

7.2.3.3.2. Market Share & Forecast

7.2.3.3.2.1. By Component (Turbine, Substructure, Electrical Infrastructure & Others

7.2.3.3.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

7.2.3.3.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

7.2.3.3.2.2. By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

8.       South America Offshore Wind Market Outlook

8.1.     Market Size & Forecast

8.1.1.   By Value

8.2.      Market Share & Forecast

8.2.1.  By Component (Turbine, Substructure, Electrical Infrastructure & Others)

8.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

8.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

8.2.2.  By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

8.2.3.  By Country (Brazil, Argentina, Colombia & Rest of South America)

8.2.3.1. Brazil Offshore Wind Market Outlook

8.2.3.1.1. Market Size & Forecast

8.2.3.1.1.1. By Value

8.2.3.1.2. Market Share & Forecast

8.2.3.1.2.1. By Component (Turbine, Substructure, Electrical Infrastructure & Others

8.2.3.1.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

8.2.3.1.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

8.2.3.1.2.2. By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

8.2.3.2. Argentina Offshore Wind Market Outlook

8.2.3.2.1. Market Size & Forecast

8.2.3.2.1.1. By Value

8.2.3.2.2. Market Share & Forecast

8.2.3.2.2.1. By Component (Turbine, Substructure, Electrical Infrastructure & Others

8.2.3.2.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

8.2.3.2.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

8.2.3.2.2.2. By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

8.2.3.3. Colombia Offshore Wind Market Outlook

8.2.3.3.1. Market Size & Forecast

8.2.3.3.1.1. By Value

8.2.3.3.2. Market Share & Forecast

8.2.3.3.2.1. By Component (Turbine, Substructure, Electrical Infrastructure & Others

8.2.3.3.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

8.2.3.3.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

8.2.3.3.2.2. By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

9.       Europe Offshore Wind Market Outlook

9.1.     Market Size & Forecast

9.1.1.   By Value

9.2.      Market Share & Forecast

9.2.1.  By Component (Turbine, Substructure, Electrical Infrastructure & Others)

9.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

9.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

9.2.2.  By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

9.2.3.  By Country (UK, Germany, France, Italy, Spain & Rest of Europe)

9.2.3.1. Germany Offshore Wind Market Outlook

9.2.3.1.1. Market Size & Forecast

9.2.3.1.1.1. By Value

9.2.3.1.2. Market Share & Forecast

9.2.3.1.2.1. By Component (Turbine, Substructure, Electrical Infrastructure & Others

9.2.3.1.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

9.2.3.1.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

9.2.3.1.2.2. By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

9.2.3.2. France Offshore Wind Market Outlook

9.2.3.2.1. Market Size & Forecast

9.2.3.2.1.1. By Value

9.2.3.2.2. Market Share & Forecast

9.2.3.2.2.1. By Component (Turbine, Substructure, Electrical Infrastructure & Others

9.2.3.2.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

9.2.3.2.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

9.2.3.2.2.2. By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

9.2.3.3. United Kingdom Offshore Wind Market Outlook

9.2.3.3.1. Market Size & Forecast

9.2.3.3.1.1. By Value

9.2.3.3.2. Market Share & Forecast

9.2.3.3.2.1. By Component (Turbine, Substructure, Electrical Infrastructure & Others

9.2.3.3.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

9.2.3.3.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

9.2.3.3.2.2. By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

9.2.3.4. Italy Offshore Wind Market Outlook

9.2.3.4.1. Market Size & Forecast

9.2.3.4.1.1. By Value

9.2.3.4.2. Market Share & Forecast

9.2.3.4.2.1. By Component (Turbine, Substructure, Electrical Infrastructure & Others

9.2.3.4.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

9.2.3.4.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

9.2.3.4.2.2. By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

9.2.3.5. Spain Offshore Wind Market Outlook

9.2.3.5.1. Market Size & Forecast

9.2.3.5.1.1. By Value

9.2.3.5.2. Market Share & Forecast

9.2.3.5.2.1. By Component (Turbine, Substructure, Electrical Infrastructure & Others

9.2.3.5.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

9.2.3.5.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

9.2.3.5.2.2. By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

10.    MEA Offshore Wind Market Outlook

10.1. Market Size & Forecast

10.1.1.    By Value

10.2.  Market Share & Forecast

10.2.1.   By Component (Turbine, Substructure, Electrical Infrastructure & Others)

10.2.1.1. By Turbine (Nacelle, Rotor and Blades & Tower)

10.2.1.2. By Substructure (Monopile, Jacket and Gravity Based & Other Types)

10.2.2.      By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

10.2.3.   By Country (Saudi Arabia, UAE, Iraq, South Africa & Rest of MEA)  

10.2.3.1. Saudi Arabia Offshore Wind Market Outlook

10.2.3.1.1.  Market Size & Forecast

10.2.3.1.1.1.  By Value

10.2.3.2.  Market Share & Forecast

10.2.3.2.1.1.  By Component (Turbine, Substructure, Electrical Infrastructure & Others

10.2.3.2.1.1.1.By Turbine (Nacelle, Rotor and Blades & Tower)

10.2.3.2.1.1.2.By Substructure (Monopile, Jacket and Gravity Based & Other Types)

10.2.3.2.1.2.  By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

10.2.3.3. UAE Offshore Wind Market Outlook

10.2.3.3.1.  Market Size & Forecast

10.2.3.3.1.1.  By Value

10.2.3.3.2.  Market Share & Forecast

10.2.3.3.2.1.  By Component (Turbine, Substructure, Electrical Infrastructure & Others

10.2.3.3.2.1.1.By Turbine (Nacelle, Rotor and Blades & Tower)

10.2.3.3.2.1.2.By Substructure (Monopile, Jacket and Gravity Based & Other Types)

10.2.3.3.2.2.  By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

10.2.3.4. Iraq Offshore Wind Market Outlook

10.2.3.4.1.  Market Size & Forecast

10.2.3.4.1.1.  By Value

10.2.3.4.2.  Market Share & Forecast

10.2.3.4.2.1.  By Component (Turbine, Substructure, Electrical Infrastructure & Others

10.2.3.4.2.1.1.By Turbine (Nacelle, Rotor and Blades & Tower)

10.2.3.4.2.1.2.By Substructure (Monopile, Jacket and Gravity Based & Other Types)

10.2.3.4.2.2.  By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

10.2.3.5. South Africa Offshore Wind Market Outlook

10.2.3.5.1.  Market Size & Forecast

10.2.3.5.1.1.  By Value

10.2.3.5.2.  Market Share & Forecast

10.2.3.5.2.1.  By Component (Turbine, Substructure, Electrical Infrastructure & Others

10.2.3.5.2.1.1.By Turbine (Nacelle, Rotor and Blades & Tower)

10.2.3.5.2.1.2.By Substructure (Monopile, Jacket and Gravity Based & Other Types)

10.2.3.5.2.2.  By Location (Shallow Water (<30 m Depth), Transitional Water (30 m-60 m Depth), Deep Water (>60 m Depth

11.    Market Dynamics

11.1.  Drivers/Opportunities

11.2.  Challenges/Pitfalls

12.    Market Trends & Deployments

13.    Competitive Landscape

13.1. Company Profiles (Top 10 Companies)

14.    Strategic Recommendations

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