The Offshore Wind Power Market Report 2024-2034: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Growing Demand for Cleaner Energy Sources
Many governments around the world have recognised the importance of transitioning to cleaner energy sources to combat climate change and promote energy security. As a result, they are implementing supportive policies, incentives, and regulations to encourage investment in renewable energy projects. Growing awareness of the impacts of climate change has led to increased public and private demand for cleaner energy sources. As people and businesses become more conscious of their carbon footprint, they are seeking alternatives to traditional fossil fuels.
Many large corporations and businesses are adopting sustainability goals, pledging to reduce their carbon emissions and embrace renewable energy. This shift in corporate behaviour is driving investments in renewable energy projects, often through power purchase agreements (PPAs) with renewable energy providers. The renewable energy industry has been a significant driver of job creation and economic growth in various countries. As the industry expands, it continues to create job opportunities in areas such as manufacturing, installation, maintenance, and research and development.
Challenges Associated with Offshore Wind Power Industry
Offshore wind turbines operate in a harsh marine environment, which can lead to technical challenges such as corrosion, biofouling, and exposure to extreme weather conditions. Developing and maintaining technologies that can withstand these conditions is crucial. Installing and maintaining offshore wind turbines is a complex and expensive process. The turbines are often located in deep waters, making installation more challenging and costly. Developing cost-effective and efficient installation and maintenance strategies is crucial for the long-term viability of offshore wind projects. The design of foundations for offshore wind turbines is critical. Different seabed conditions and water depths require various foundation types, such as monopiles, jackets, or floating structures. Ensuring the stability and durability of these foundations is a significant technical challenge. Transporting large wind turbine components to offshore locations and assembling them at sea can be logistically challenging. Specialised vessels are needed for transportation, and efficient logistics planning is crucial to minimise costs and downtime.
What Questions Should You Ask before Buying a Market Research Report?
• How is the offshore wind power market evolving?
• What is driving and restraining the offshore wind power market?
• How will each offshore wind power submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
• How will the market shares for each offshore wind power submarket develops from 2024 to 2034?
• What will be the main driver for the overall market from 2024 to 2034?
• Will leading offshore wind power markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
• How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
• Who are the leading players and what are their prospects over the forecast period?
• What are the offshore wind power projects for these leading companies?
• How will the industry evolve during the period between 2024 and 2034? What are the implications of offshore wind power projects taking place now and over the next 10 years?
• Is there a greater need for product commercialisation to further scale the offshore wind power market?
• Where is the offshore wind power market heading and how can you ensure you are at the forefront of the market?
You need to discover how this will impact the offshore wind power market today, and over the next 10 years:
• Our 271-page report provides 92 tables and 136 charts/graphs exclusively to you.
• The report highlights key lucrative areas in the industry so you can target them – NOW.
• It contains in-depth analysis of global, regional and national sales and growth.
• It highlights for you the key successful trends, changes and revenue projections made by your competitors.
This report tells you TODAY how the offshore wind power market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.
Forecasts to 2034 and other analyses reveal commercial prospects
• In addition to revenue forecasting to 2034, our new study provides you with recent results, growth rates, and market shares.
• You will find original analyses, with business outlooks and developments.
• Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints, and challenges), porters five forces analysis, PEST analysis, and recent developments.
Segments Covered in the Report
Location Outlook
• Shallow Water
• Transitional Water
• Deep Water
Component Outlook
• Turbines
• Electrical Infrastructure
• Substructure
• Others
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for 15 leading national markets:
Key Country Outlook
• China
• UK
• Germany
• Netherlands
• Denmark
• Belgium
• France
• Vietnam
• Taiwan
• Japan
• Sweden
• South Korea
• Finland
• USA
• Italy
• Rest of the World
Need industry data? Please contact us today.
The report also includes profiles and for some of the leading companies in the Offshore Wind Power Market, 2024 to 2034, with a focus on this segment of these companies’ operations.
Leading companies and the potential for market growth
• ABB
• Doosan Enerbility
• General Electric Company
• Goldwind
• Nexans
• Nordex SE
• RENOVA, Inc.
• Shanghai Electric
• Siemens Gamesa Renewable Energy
• Vestas
Overall world revenue for Offshore Wind Power Market, 2024 to 2034 in terms of value the market will surpass US$46 billion in 2023, our work calculates. We predict strong revenue growth through to 2034. Our work identifies which organisations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
How will the Offshore Wind Power Market, 2024 to 2034 Market report help you?
In summary, our 270+ page report provides you with the following knowledge:
• Revenue forecasts to 2034 for Offshore Wind Power Market, 2024 to 2034 Market, with forecasts for location, component, and each forecast at a global, and key country level – discover the industry’s prospects, finding the most lucrative places for investments and revenues.
• Revenue forecasts to 2034 for 15 key national markets – See forecasts for the Offshore Wind Power Market, 2024 to 2034 market in China, UK, Germany, Netherlands, Denmark, Belgium, France, Vietnam, Taiwan, Japan, Sweden, South Korea, Finland, USA, Italy, and Rest of the World.
• Prospects for established firms and those seeking to enter the market – including company profiles for 10 of the major companies involved in the Offshore Wind Power Market.
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.
Information found nowhere else
With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain’s study is for everybody needing commercial analyses for the Offshore Wind Power Market, 2024 to 2034, market-leading companies. You will find data, trends and predictions.
To access the data contained in this document please email contactus@visiongain.com
Buy our report today Offshore Wind Power Market Report 2024-2034: Forecasts by Location (Shallow Water, Transitional Water, Deep Water), by Component (Turbines, Electrical Infrastructure, Substructure, Others) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Impact and Recovery Pattern Analysis. Avoid missing out by staying informed – order our report now.
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1 Report Overview
1.1 Objectives of the Study
1.2 Introduction to Offshore Wind Power Market
1.3 What This Report Delivers
1.4 Why You Should Read This Report
1.5 Key Questions Answered by This Analytical Report
1.6 Who is This Report for?
1.7 Methodology
1.7.1 Market Definitions
1.7.2 Market Evaluation & Forecasting Methodology
1.7.3 Data Validation
1.7.3.1 Primary Research
1.7.3.2 Secondary Research
1.8 Frequently Asked Questions (FAQs)
1.9 Associated Visiongain Reports
1.10 About Visiongain
2 Executive Summary
3 Market Overview
3.1 Key Findings
3.2 Market Dynamics
3.2.1 Market Driving Factors
3.2.1.1 Offshore Wind Power Favourable Policies to Drive the Market
3.2.1.2 Advancements in Offshore Wind Turbine Technology
3.2.2 Market Restraining Factors
3.2.2.1 High Capital Cost Associated With Offshore Wind Power
3.2.2.2 Challenges Associated with Offshore Wind Power Industry
3.2.3 Market Opportunities
3.2.3.1 Government Initiatives To Reduce Carbon Emissions
3.2.3.2 Growing Renewable Energy Industry
3.3 COVID-19 Impact Analysis
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Competitive Rivalry
3.4.4 Threat from Substitutes
3.4.5 Threat of New Entrants
4 Offshore Wind Power Market Analysis by Location
4.1 Key Findings
4.2 Location Segment: Market Attractiveness Index
4.3 Offshore Wind Power Market Size Estimation and Forecast by Location
4.4 Shallow Water
4.4.1 Market Size by Region, 2024-2034 (US$ Billion)
4.4.2 Market Share by Region, 2024 & 2034 (%)
4.5 Transitional Water
4.5.1 Market Size by Region, 2024-2034 (US$ Billion)
4.5.2 Market Share by Region, 2024 & 2034 (%)
4.6 Deep Water
4.6.1 Market Size by Region, 2024-2034 (US$ Billion)
4.6.2 Market Share by Region, 2024 & 2034 (%)
5 Offshore Wind Power Market Analysis by Component
5.1 Key Findings
5.2 Component Segment: Market Attractiveness Index
5.3 Offshore Wind Power Market Size Estimation and Forecast by Component
5.4 Turbines
5.4.1 Market Size by Region, 2024-2034 (US$ Billion)
5.4.2 Market Share by Region, 2024 & 2034 (%)
5.5 Electrical Infrastructure
5.5.1 Market Size by Region, 2024-2034 (US$ Billion)
5.5.2 Market Share by Region, 2024 & 2034 (%)
5.6 Substructure
5.6.1 Market Size by Region, 2024-2034 (US$ Billion)
5.6.2 Market Share by Region, 2024 & 2034 (%)
5.7 Other Components
5.7.1 Market Size by Region, 2024-2034 (US$ Billion)
5.7.2 Market Share by Region, 2024 & 2034 (%)
6 Offshore Wind Power Market Analysis by Region
6.1 Key Findings
6.2 Regional Market Size Estimation and Forecast
7 China Offshore Wind Power Market Analysis
7.1 Key Findings
7.2 China Offshore Wind Power Market Size Estimation and Forecast by Location
7.3 China Offshore Wind Power Market Size Estimation and Forecast by Component
7.4 China Offshore Wind Power Market Analysis
7.4.1 Hybrid Floating Wind Project Revealed Offshore China
7.4.2 Country on Track to Hit Wind and Solar Targets
7.4.3 CEEC’s First Offshore Wind Power Project Has Been Approved
8 UK Offshore Wind Power Market Analysis
8.1 Key Findings
8.2 UK Offshore Wind Power Market Size Estimation and Forecast by Location
8.3 UK Offshore Wind Power Market Size Estimation and Forecast by Component
8.4 UK Offshore Wind Power Market Analysis
8.4.1 World’s Largest Offshore Windfarm Project Starts Powering UK Grid
8.4.2 UK Offshore Wind Power Industry
9 Germany Offshore Wind Power Market Analysis
9.1 Key Findings
9.2 Germany Offshore Wind Power Market Size Estimation and Forecast by Location
9.3 Germany Offshore Wind Power Market Size Estimation and Forecast by Component
9.4 Germany Offshore Wind Power Market Analysis
9.4.1 Offshore Wind Energy Development
9.4.2 Offshore Expansion Targets Offshore Wind Energy
9.4.3 Activities in Offshore Wind Energy Projects
10 Netherlands Offshore Wind Power Market Analysis
10.1 Key Findings
10.2 Netherlands Offshore Wind Power Market Size Estimation and Forecast by Location
10.3 Netherlands Offshore Wind Power Market Size Estimation and Forecast by Component
10.4 Netherlands Offshore Wind Power Market Analysis
10.4.1 Wind Energy Targets
10.4.2 Netherlands Sets 70 GW Offshore Wind Target for 2050
11 Denmark Offshore Wind Power Market Analysis
11.1 Key Findings
11.2 Denmark Offshore Wind Power Market Size Estimation and Forecast by Location
11.3 Denmark Offshore Wind Power Market Size Estimation and Forecast by Component
11.4 Denmark Offshore Wind Power Market Analysis
11.4.1 Vattenfall Supplies First Power From Denmark’s Next Offshore Wind Farm
11.4.2 Japan, Denmark to Collaborate on Floating Offshore Wind Technology
12 Belgium Offshore Wind Power Market Analysis
12.1 Key Findings
12.2 Belgium Offshore Wind Power Market Size Estimation and Forecast by Location
12.3 Belgium Offshore Wind Power Market Size Estimation and Forecast by Component
12.4 Belgium Offshore Wind Power Market Analysis
12.4.1 Belgium Offshore Wind Energy
13 France Offshore Wind Power Market Analysis
13.1 Key Findings
13.2 France Offshore Wind Power Market Size Estimation and Forecast by Location
13.3 France Offshore Wind Power Market Size Estimation and Forecast by Component
13.4 France Offshore Wind Power Market Analysis
13.4.1 Offshore Wind Power Sector In France
13.4.2 ENGIE-EDPR Joint Venture on The Rise
14 Vietnam Offshore Wind Power Market Analysis
14.1 Key Findings
14.2 Vietnam Offshore Wind Power Market Size Estimation and Forecast by Location
14.3 Vietnam Offshore Wind Power Market Size Estimation and Forecast by Component
14.4 Vietnam Offshore Wind Power Market Analysis
14.4.1 MOU Finalized to Grow Offshore Wind Power in Vietnam
14.4.2 Offshore Wind Power and Development Policies in Vietnam
15 Taiwan Offshore Wind Power Market Analysis
15.1 Key Findings
15.2 Taiwan Offshore Wind Power Market Size Estimation and Forecast by Location
15.3 Taiwan Offshore Wind Power Market Size Estimation and Forecast by Component
15.4 Taiwan Offshore Wind Power Market Analysis
16 Japan Offshore Wind Power Market Analysis
16.1 Key Findings
16.2 Japan Offshore Wind Power Market Size Estimation and Forecast by Location
16.3 Japan Offshore Wind Power Market Size Estimation and Forecast by Component
16.4 Japan Offshore Wind Power Market Analysis
16.4.1 Japan Aims to Become Major Offshore Wind Energy Producer
17 Sweden Offshore Wind Power Market Analysis
17.1 Key Findings
17.2 Sweden Offshore Wind Power Market Size Estimation and Forecast by Location
17.3 Sweden Offshore Wind Power Market Size Estimation and Forecast by Component
17.4 Sweden Offshore Wind Power Market Analysis
17.4.1 Sweden Nixes Vattenfall’s Offshore Wind Project
17.4.2 Offshore Wind Energy Outlook
18 South Korea Offshore Wind Power Market Analysis
18.1 Key Findings
18.2 South Korea Offshore Wind Power Market Size Estimation and Forecast by Location
18.3 South Korea Offshore Wind Power Market Size Estimation and Forecast by Component
18.4 South Korea Offshore Wind Power Market Analysis
18.4.1 532 MW South Korean Offshore Wind Project Moves Forward
18.4.2 Plans Unveiled for New Multi-Gigawatt Offshore Wind Project in South Korea
19 Finland Offshore Wind Power Market Analysis
19.1 Key Findings
19.2 Finland Offshore Wind Power Market Size Estimation and Forecast by Location
19.3 Finland Offshore Wind Power Market Size Estimation and Forecast by Component
19.4 Finland Offshore Wind Power Market Analysis
19.4.1 Finland to Tender 6,000 MW of Offshore Wind Power in 2023-2024
20 USA Offshore Wind Power Market Analysis
20.1 Key Findings
20.2 USA Offshore Wind Power Market Size Estimation and Forecast by Location
20.3 USA Offshore Wind Power Market Size Estimation and Forecast by Component
20.4 USA Offshore Wind Power Market Analysis
20.4.1 Siemens Gamesa Halts Plans for USD 200 Million Offshore Wind Turbine Blade Factory in US
21 Italy Offshore Wind Power Market Analysis
21.1 Key Findings
21.2 Italy Offshore Wind Power Market Size Estimation and Forecast by Location
21.3 Italy Offshore Wind Power Market Size Estimation and Forecast by Component
21.4 Italy Offshore Wind Power Market Analysis
21.4.1 Developer of Italy’s First Offshore Wind Farm
21.4.2 Renantis, BlueFloat Target 5.5 GW Offshore Wind in Italy
22 Rest of the World Offshore Wind Power Market Analysis
22.1 Key Findings
22.2 Rest of the World Offshore Wind Power Market Size Estimation and Forecast by Location
22.3 Rest of the World Offshore Wind Power Market Size Estimation and Forecast by Component
22.4 Rest of the World Offshore Wind Power Market Analysis
22.4.1 Home
23 Company Profiles
23.1 General Electric Company
23.1.1 Company Snapshot
23.1.2 Company Overview
23.1.3 Financial Analysis
23.1.3.1 Net Revenue, 2018-2022
23.1.3.2 Gross Profit, 2018-2022
23.1.3.3 Operating Income, 2018-2022
23.1.3.4 Net Income, 2018-2022
23.1.3.5 Regional Revenue, 2022
23.1.3.6 Segment Revenue, 2022
23.1.4 Product Benchmarking
23.1.5 Strategic Outlook
23.2 Vestas
23.2.1 Company Snapshot
23.2.2 Company Overview
23.2.3 Financial Analysis
23.2.3.1 Net Revenue, 2018-2022
23.2.3.2 Gross Profit, 2018-2022
23.2.3.3 R&D Expense, 2018-2022
23.2.4 Product Benchmarking
23.2.5 Strategic Outlook
23.3 Siemens Gamesa Renewable Energy
23.3.1 Company Snapshot
23.3.2 Company Overview
23.3.3 Product Benchmarking
23.3.4 Strategic Outlook
23.4 ABB
23.4.1 Company Snapshot
23.4.2 Company Overview
23.4.3 Financial Analysis
23.4.3.1 Net Revenue, 2018-2022
23.4.3.2 Regional Market Shares, 2022
23.4.3.3 Segment Market Shares, 2022
23.4.4 Product Benchmarking
23.4.5 Strategic Outlook
23.5 Goldwind
23.5.1 Company Snapshot
23.5.2 Company Overview
23.5.3 Financial Analysis
23.5.3.1 Net Revenue, 2018-2022
23.5.3.2 Segment Market Shares, 2022
23.5.4 Product Benchmarking
23.5.5 Strategic Outlook
23.6 Doosan Enerbility
23.6.1 Company Snapshot
23.6.2 Company Overview
23.6.3 Product Benchmarking
23.6.4 Strategic Outlook
23.7 Nordex SE
23.7.1 Company Snapshot
23.7.2 Company Overview
23.7.3 Financial Analysis
23.7.3.1 Net Revenue, 2018-2022
23.7.3.2 Regional Market Shares, 2022
23.7.3.3 Segment Market Shares, 2022
23.7.4 Product Benchmarking
23.8 Nexans
23.8.1 Company Snapshot
23.8.2 Company Overview
23.8.3 Financial Analysis
23.8.3.1 Net Revenue, 2018-2022
23.8.3.2 Regional Market Shares, 2022
23.8.3.3 Segment Market Shares, 2022
23.8.4 Product Benchmarking
23.8.5 Strategic Outlook
23.9 Shanghai Electric
23.9.1 Company Snapshot
23.9.2 Company Overview
23.9.3 Financial Analysis
23.9.3.1 Net Revenue, 2018-2022
23.9.3.2 Segment Market Shares, 2022
23.9.4 Product Benchmarking
23.9.5 Strategic Outlook
23.10 RENOVA, Inc.
23.10.1 Company Snapshot
23.10.2 Company Overview
23.10.3 Product Benchmarking
23.10.4 Strategic Outlook
24 Conclusion and Recommendations
24.1 Concluding Remarks from Visiongain
24.2 Recommendations for Market Players
List of Tables
Table 1 Offshore Wind Power Market Snapshot, 2024 & 2034 (US$ Billion, CAGR %)
Table 2 Offshore Wind Power Market Forecast by Region, 2024-2034 (US$ Billion, AGR%, CAGR%): “V” Shaped Recovery
Table 3 Offshore Wind Power Market Forecast by Region, 2024-2034 (US$ Billion, AGR%, CAGR%): “U” Shaped Recovery
Table 4 Offshore Wind Power Market Forecast by Region, 2024-2034 (US$ Billion, AGR%, CAGR%): “W” Shaped Recovery
Table 5 Offshore Wind Power Market Forecast by Region, 2024-2034 (US$ Billion, AGR%, CAGR%): “L” Shaped Recovery
Table 6 Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 7 Shallow Water Segment Market Forecast by Region, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 8 Transitional Water Segment Market Forecast by Region, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 9 Deep Water Segment Market Forecast by Region, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 10 Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 11 Turbines Segment Market Forecast by Region, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 12 Electrical Infrastructure Segment Market Forecast by Region, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 13 Substructure Segment Market Forecast by Region, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 14 Other Components Segment Market Forecast by Region, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 15 Offshore Wind Power Market Forecast by Region, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 16 China Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 17 China Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 18 China Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 19 UK Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 20 UK Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 21 UK Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 22 Germany Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 23 Germany Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 24 Germany Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 25 Netherlands Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 26 Netherlands Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 27 Netherlands Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 28 Denmark Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 29 Denmark Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 30 Denmark Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 31 Belgium Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 32 Belgium Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 33 Belgium Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 34 France Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 35 France Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 36 France Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 37 Vietnam Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 38 Vietnam Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 39 Vietnam Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 40 Taiwan Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 41 Taiwan Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 42 Taiwan Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 43 Japan Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 44 Japan Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 45 Japan Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 46 Sweden Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 47 Sweden Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 48 Sweden Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 49 South Korea Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 50 South Korea Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 51 South Korea Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 52 Finland Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 53 Finland Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 54 Finland Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 55 USA Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 56 USA Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 57 USA Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 58 Italy Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 59 Italy Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 60 Italy Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 61 Rest of the World Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 62 Rest of the World Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 63 Rest of the World Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR%, CAGR%)
Table 64 General Electric Company: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 65 General Electric Company: Product Benchmarking
Table 66 General Electric Company: Strategic Outlook
Table 67 Vestas: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 68 Vestas: Product Benchmarking
Table 69 Vestas: Strategic Outlook
Table 70 Siemens Gamesa Renewable Energy: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 71 Siemens Gamesa Renewable Energy: Product Benchmarking
Table 72 Siemens Gamesa Renewable Energy: Strategic Outlook
Table 73 ABB: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 74 ABB: Product Benchmarking
Table 75 ABB: Strategic Outlook
Table 76 Goldwind: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 77 Goldwind: Product Benchmarking
Table 78 Goldwind: Strategic Outlook
Table 79 Doosan Enerbility: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 80 Doosan Enerbility: Product Benchmarking
Table 81 Doosan Enerbility: Strategic Outlook
Table 82 Nordex SE: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 83 Nordex SE: Product Benchmarking
Table 84 Nexans: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 85 Nexans: Product Benchmarking
Table 86 Nexans: Strategic Outlook
Table 87 Shanghai Electric: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 88 Shanghai Electric: Product Benchmarking
Table 89 Shanghai Electric: Strategic Outlook
Table 90 RENOVA, Inc.: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 91 RENOVA, Inc.: Product Benchmarking
Table 92 RENOVA, Inc.: Strategic Outlook
List of Figures
Figure 1 Offshore Wind Power Market Segmentation
Figure 2 Offshore Wind Power Market by Product: Market Attractiveness Index
Figure 3 Offshore Wind Power Market by Application: Market Attractiveness Index
Figure 4 Offshore Wind Power Market: Market Dynamics
Figure 5 Offshore Wind Power Market by Region, 2024-2034 (US$ Billion, AGR %): “V” Shaped Recovery
Figure 6 Offshore Wind Power Market by Region, 2024-2034 (US$ Billion, AGR %): “U” Shaped Recovery
Figure 7 Offshore Wind Power Market by Region, 2024-2034 (US$ Billion, AGR %): “W” Shaped Recovery
Figure 8 Offshore Wind Power Market by Region, 2024-2034 (US$ Billion, AGR %): “L” Shaped Recovery
Figure 9 Offshore Wind Power Market: Porter’s Five Forces Analysis
Figure 10 Offshore Wind Power Market by Location: Market Attractiveness Index
Figure 11 Offshore Wind Power Market Forecast by Product, 2024-2034 (US$ Billion, AGR %)
Figure 12 Offshore Wind Power Market Share Forecast by Product, 2024, 2029, 2034 (%)
Figure 13 Shallow Water Segment Market Forecast by Region, 2024-2034 (US$ Billion, AGR %)
Figure 14 Shallow Water Segment Market Share Forecast by Region, 2024 & 2034 (%)
Figure 15 Transitional Water Segment Market Forecast by Region, 2024-2034 (US$ Billion, AGR %)
Figure 16 Transitional Water Segment Market Share Forecast by Region, 2024 & 2034 (%)
Figure 17 Deep Water Segment Market Forecast by Region, 2024-2034 (US$ Billion, AGR %)
Figure 18 Deep Water Segment Market Share Forecast by Region, 2024 & 2034 (%)
Figure 19 Offshore Wind Power Market by Component: Market Attractiveness Index
Figure 20 Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR %)
Figure 21 Offshore Wind Power Market Share Forecast by Component, 2024, 2029, 2034 (%)
Figure 22 Turbines Segment Market Forecast by Region, 2024-2034 (US$ Billion, AGR %)
Figure 23 Turbines Segment Market Share Forecast by Region, 2024 & 2034 (%)
Figure 24 Electrical Infrastructure Segment Market Forecast by Region, 2024-2034 (US$ Billion, AGR %)
Figure 25 Electrical Infrastructure Segment Market Share Forecast by Region, 2024 & 2034 (%)
Figure 26 Substructure Segment Market Forecast by Region, 2024-2034 (US$ Billion, AGR %)
Figure 27 Substructure Segment Market Share Forecast by Region, 2024 & 2034 (%)
Figure 28 Other Components Segment Market Forecast by Region, 2024-2034 (US$ Billion, AGR %)
Figure 29 Other Components Segment Market Share Forecast by Region, 2024 & 2034 (%)
Figure 30 Offshore Wind Power Market Forecast by Region 2024 and 2034 (USD Million, CAGR%)
Figure 31 Offshore Wind Power Market Share Forecast by Region, 2024 (%)
Figure 32 Offshore Wind Power Market Share Forecast by Region, 2029 (%)
Figure 33 Offshore Wind Power Market Share Forecast by Region, 2034 (%)
Figure 34 Offshore Wind Power Market by Region, 2024-2034 (US$ Billion, AGR %)
Figure 35 China Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR %)
Figure 36 China Offshore Wind Power Market Share Forecast by Location, 2024 & 2034 (%)
Figure 37 China Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR %)
Figure 38 China Offshore Wind Power Market Share Forecast by Component, 2024 & 2034 (%)
Figure 39 China Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR %)
Figure 40 UK Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR %)
Figure 41 UK Offshore Wind Power Market Share Forecast by Location, 2024 & 2034 (%)
Figure 42 UK Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR %)
Figure 43 UK Offshore Wind Power Market Share Forecast by Component, 2024 & 2034 (%)
Figure 44 UK Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR %)
Figure 45 Germany Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR %)
Figure 46 Germany Offshore Wind Power Market Share Forecast by Location, 2024 & 2034 (%)
Figure 47 Germany Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR %)
Figure 48 Germany Offshore Wind Power Market Share Forecast by Component, 2024 & 2034 (%)
Figure 49 Germany Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR %)
Figure 50 Netherlands Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR %)
Figure 51 Netherlands Offshore Wind Power Market Share Forecast by Location, 2024 & 2034 (%)
Figure 52 Netherlands Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR %)
Figure 53 Netherlands Offshore Wind Power Market Share Forecast by Component, 2024 & 2034 (%)
Figure 54 Netherlands Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR %)
Figure 55 Denmark Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR %)
Figure 56 Denmark Offshore Wind Power Market Share Forecast by Location, 2024 & 2034 (%)
Figure 57 Denmark Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR %)
Figure 58 Denmark Offshore Wind Power Market Share Forecast by Component, 2024 & 2034 (%)
Figure 59 Denmark Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR %)
Figure 60 Belgium Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR %)
Figure 61 Belgium Offshore Wind Power Market Share Forecast by Location, 2024 & 2034 (%)
Figure 62 Belgium Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR %)
Figure 63 Belgium Offshore Wind Power Market Share Forecast by Component, 2024 & 2034 (%)
Figure 64 Belgium Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR %)
Figure 65 France Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR %)
Figure 66 France Offshore Wind Power Market Share Forecast by Location, 2024 & 2034 (%)
Figure 67 France Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR %)
Figure 68 France Offshore Wind Power Market Share Forecast by Component, 2024 & 2034 (%)
Figure 69 France Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR %)
Figure 70 Vietnam Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR %)
Figure 71 Vietnam Offshore Wind Power Market Share Forecast by Location, 2024 & 2034 (%)
Figure 72 Vietnam Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR %)
Figure 73 Vietnam Offshore Wind Power Market Share Forecast by Component, 2024 & 2034 (%)
Figure 74 Vietnam Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR %)
Figure 75 Taiwan Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR %)
Figure 76 Taiwan Offshore Wind Power Market Share Forecast by Location, 2024 & 2034 (%)
Figure 77 Taiwan Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR %)
Figure 78 Taiwan Offshore Wind Power Market Share Forecast by Component, 2024 & 2034 (%)
Figure 79 Taiwan Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR %)
Figure 80 Japan Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR %)
Figure 81 Japan Offshore Wind Power Market Share Forecast by Location, 2024 & 2034 (%)
Figure 82 Japan Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR %)
Figure 83 Japan Offshore Wind Power Market Share Forecast by Component, 2024 & 2034 (%)
Figure 84 Japan Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR %)
Figure 85 Sweden Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR %)
Figure 86 Sweden Offshore Wind Power Market Share Forecast by Location, 2024 & 2034 (%)
Figure 87 Sweden Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR %)
Figure 88 Sweden Offshore Wind Power Market Share Forecast by Component, 2024 & 2034 (%)
Figure 89 Sweden Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR %)
Figure 90 South Korea Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR %)
Figure 91 South Korea Offshore Wind Power Market Share Forecast by Location, 2024 & 2034 (%)
Figure 92 South Korea Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR %)
Figure 93 South Korea Offshore Wind Power Market Share Forecast by Component, 2024 & 2034 (%)
Figure 94 South Korea Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR %)
Figure 95 Finland Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR %)
Figure 96 Finland Offshore Wind Power Market Share Forecast by Location, 2024 & 2034 (%)
Figure 97 Finland Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR %)
Figure 98 Finland Offshore Wind Power Market Share Forecast by Component, 2024 & 2034 (%)
Figure 99 Finland Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR %)
Figure 100 USA Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR %)
Figure 101 USA Offshore Wind Power Market Share Forecast by Location, 2024 & 2034 (%)
Figure 102 USA Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR %)
Figure 103 USA Offshore Wind Power Market Share Forecast by Component, 2024 & 2034 (%)
Figure 104 USA Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR %)
Figure 105 Italy Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR %)
Figure 106 Italy Offshore Wind Power Market Share Forecast by Location, 2024 & 2034 (%)
Figure 107 Italy Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR %)
Figure 108 Italy Offshore Wind Power Market Share Forecast by Component, 2024 & 2034 (%)
Figure 109 Italy Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR %)
Figure 110 Rest of the World Offshore Wind Power Market Forecast by Location, 2024-2034 (US$ Billion, AGR %)
Figure 111 Rest of the World Offshore Wind Power Market Share Forecast by Location, 2024 & 2034 (%)
Figure 112 Rest of the World Offshore Wind Power Market Forecast by Component, 2024-2034 (US$ Billion, AGR %)
Figure 113 Rest of the World Offshore Wind Power Market Share Forecast by Component, 2024 & 2034 (%)
Figure 114 Rest of the World Offshore Wind Power Market Forecast, 2024-2034 (US$ Billion, AGR %)
Figure 115 General Electric Company: Net Revenue, 2018-2022 (US$ Million, AGR%)
Figure 116 General Electric Company: Gross Profit, 2018-2022 (US$ Million, AGR%)
Figure 117 General Electric Company: Operating Income, 2018-2022 (US$ Million, AGR%)
Figure 118 General Electric Company: Net Income, 2018-2022 (US$ Million, AGR%)
Figure 119 General Electric Company: Regional Revenue, 2022
Figure 120 General Electric Company: Segment Revenue, 2022
Figure 121 Vestas: Net Revenue, 2018-2022 (US$ Million, AGR%)
Figure 122 Vestas: Gross Profit, 2018-2022 (US$ Million, AGR%)
Figure 123 Vestas: R&D Expense, 2018-2022 (US$ Million, AGR%)
Figure 124 ABB: Net Revenue, 2018-2022 (US$ Million, AGR%)
Figure 125 ABB: Regional Market Shares, 2022
Figure 126 ABB: Segment Market Shares, 2022
Figure 127 Goldwind: Net Revenue, 2018-2022 (US$ Million, AGR%)
Figure 128 Goldwind: Segment Market Shares, 2022
Figure 129 Nordex SE: Net Revenue, 2018-2022 (US$ Million, AGR%)
Figure 130 Nordex SE: Regional Market Shares, 2022
Figure 131 Nordex SE: Segment Market Shares, 2022
Figure 132 Nexans: Net Revenue, 2018-2022 (US$ Million, AGR%)
Figure 133 Nexans: Regional Market Shares, 2022
Figure 134 Nexans: Segment Market Shares, 2022
Figure 135 Shanghai Electric: Net Revenue, 2018-2022 (US$ Million, AGR%)
Figure 136 Shanghai Electric: Segment Market Shares, 2022
Companies Profiled in the Report
ABB
Doosan Enerbility
General Electric Company
Goldwind
Nexans
Nordex SE
RENOVA, Inc.
Shanghai Electric
Siemens Gamesa Renewable Energy
Vestas
List of Companies Mentioned in the Report
Air India
Anma Offshore Wind
BlueFloat Energy
Bürgerwind Beuchte
China Energy Construction Corporation
China Three Gorges Corporation
CWP
DNV
Dominion Energy
Eiffage Metal factory
ENGIE
Equinor
Eviva Drzeżewo Sp. z o.o.
GE Gas Power
General Electric Renewable Energy
Grupo Daniel Alonso
Hyundai Electric
INPEX Idemitsu Norge AS
JR East Energy Development Co., Ltd.
Longyuan Power Group
Northland Power Inc
OMV
ORLEN S.A.
Ørsted
OX2 Construction AB
Petoro
PGE Odnawialna S.A.
PTSC Mechanical and Construction Company
Renantis
Renexia
Repsol
RWE Clean Energy, LLC
Saint-Nazaire offshore wind farm
Sanko Holding
Shanghai Electric Wind Power Group
Shell Global Solutions
SSE
Strom 2020 GmbH & Co. KG
Toda Corporation
Uhl Windkraft
Vår Energi
Vårgrønn
Windar
Wintershall Dea
List of Organizations Mentioned in the Report
Danish ministry of climate, energy and utilities
Development and Reform Commission of Fujian Province
Dutch Government
European Commission
Federal Maritime and Hydrographic Agency
Global Wind Energy Council
Government of Vietnam
Institute of Energy Vietnam
International Renewable Energy Agency (IREA)
Italian Wind Energy Association ANEV
Japanese Government
Ministry of New and Renewable Energy (MNRE)
North Seas Energy Cooperation (NSEC)
Offshore Wind Acceleration Taskforce
South Korea’s Ministry of Environment
South Korean Government
Swedish Government
Swedish Ministry of Climate and Enterprise
Swedish Wind Energy Association
UK Government
Visiongain Energy
Visiongain Energy
Visiongain Energy
