Offshore Wind Turbine Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019-2025

Offshore Wind Turbine Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019-2025

“Offshore Wind Turbine Market”
WiseGuyReports.com adds “Global Offshore Wind Turbine Market Professional Survey Report 2019” reports to its database.

Offshore Wind Turbine Market:

Executive Summary

Offshore wind energy/power harvesting involves the use of wind farms constructed offshore in a water body, usually a continental shelf in the ocean. The term ‘offshore’ does not necessarily mean off the shore of the sea, however, and an offshore wind farm can be built over water bodies like lakes, fjords and sheltered coastal areas. The purpose is similar to regular wind farms who harvest wind energy and convert it to usable electrical energy; the difference lies in the location of the wind farm. Wind speeds are higher offshore and closer to the ocean than on land, which is why an offshore wind turbine’s electricity generation is higher as compared to one on land, per amount of capacity installed. 

Although yield is high, offshore wind technology is still in its early years of development and growth, probably owing to the fact that it costs more than land wind farms to construct. However, the costs have been decreasing rapidly in the past few years owing to the advancement in technology. 

Northern Europe currently hosts the largest offshore wind farms, with two-thirds of the total number of installed offshore wind farms in the world located in Germany and the United Kingdom alone. As of September 2018, United Kingdom has the largest wind farm in the world, which generates 659 MW. 

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Segmentation 

The primary focus of this report is on the volume and value of the Offshore Wind Turbine market segmented at a global level, regional level and company level. It analyzes the overall Offshore Wind Turbine market size on a global level by analyzing historical data and by predicting future prospects. 

This report concentrates on the manufacturing site data, capacity data, production data, ex-factory price, and revenue and market share data of the following Offshore Wind Turbine companies:  

  • ADWEN
  • MHI Vestas Offshore Wind
  • Senvion
  • Siemens Wind Power
  • AREVA WIND
  • Clipper Windpower
  • Doosan
  • Gamesa
  • GENERAL ELECTRIC
  • Samsung Heavy Industries
  • Sinovel Wind Group

The Offshore Wind Turbine market is further segmented by type and application. 
Type: 

  1. Horizontal Axis
  2. Vertical Axis

Application: 

  1. Shallow Sea
  2. Deep-Sea

Regional Analysis 

This market survey focuses on the production, export and import, and utilization of Offshore Wind Turbines in the following regional areas: 

  • North America
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India

Majority of the largest offshore wind farms are currently located in Northern Europe, with Germany and the United Kingdom hosting two-thirds of the worlds offshore wind turbines. As of this report, the United Kingdom and Taiwan are constructing what will be the world’s largest and second-largest offshore wind farms. 

Industry News 

The offshore wind energy sector is currently in its primitive years and concentrated largely in the European region, but the projected growth is positive. The projection for the year 2020 is an estimated capacity of 40 GW on the European waters, and this will supply 4% of European Union’s electricity demand. The projection set by The European Wind Energy Association for the year 2030 is 150 GW generated through offshore wind farms.

Continuous…

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